Five Years in Review
(in millions, except per-share data)
|
|
2009 | 2008 | 2007 | (2) | 2006 | 2005 | ||||||||||||||
|
Per-Share Data |
||||||||||||||||||||
|
Income from continuing operations |
||||||||||||||||||||
|
Basic |
$ | 0.56 | $ | 0.26 | $ | 1.21 | $ | 1.25 | $ | 0.91 | ||||||||||
|
Diluted |
0.55 | 0.26 | 1.19 | 1.22 | 0.90 | |||||||||||||||
|
Earnings |
||||||||||||||||||||
|
Basic |
$ | 0.56 | $ | 0.26 | $ | 1.21 | $ | 1.25 | $ | 0.96 | ||||||||||
|
Diluted |
0.55 | 0.26 | 1.19 | 1.22 | 0.94 | |||||||||||||||
|
Common stock dividends declared |
$ | 0.17 | $ | 0.17 | $ | 0.0425 | $ | — | $ | — | ||||||||||
|
Operations |
||||||||||||||||||||
|
Revenues |
$ | 15,179 | $ | 17,608 | $ | 17,228 | $ | 15,895 | $ | 15,701 | ||||||||||
|
Sales |
6,646 | 8,325 | 8,192 | 7,464 | 7,400 | |||||||||||||||
|
Service, outsourcing and rentals |
7,820 | 8,485 | 8,214 | 7,591 | 7,426 | |||||||||||||||
|
Finance income |
713 | 798 | 822 | 840 | 875 | |||||||||||||||
|
Income from continuing operations |
516 | 265 | 1,165 | 1,232 | 948 | |||||||||||||||
|
Income from continuing operations – Xerox |
485 | 230 | 1,135 | 1,210 | 933 | |||||||||||||||
|
Net income |
516 | 265 | 1,165 | 1,232 | 993 | |||||||||||||||
|
Net income – Xerox |
485 | 230 | 1,135 | 1,210 | 978 | |||||||||||||||
|
Financial Position |
||||||||||||||||||||
|
Working capital |
$ | 5,270 | $ | 2,700 | $ | 4,463 | $ | 4,056 | $ | 4,390 | ||||||||||
|
Total assets |
24,032 | 22,447 | 23,543 | 21,709 | 21,953 | |||||||||||||||
|
Consolidated Capitalization |
||||||||||||||||||||
|
Short-term debt and current portion of long-term debt |
$ | 988 | $ | 1,610 | $ | 525 | $ | 1,485 | $ | 1,139 | ||||||||||
|
Long-term debt |
8,276 | 6,774 | 6,939 | 5,660 | 6,139 | |||||||||||||||
|
Total Debt |
9,264 | 8,384 | 7,464 | 7,145 | 7,278 | |||||||||||||||
|
Liabilities to subsidiary trusts issuing preferred securities(1) |
649 | 648 | 632 | 624 | 724 | |||||||||||||||
|
Series C mandatory convertible preferred stock |
— | — | — | — | 889 | |||||||||||||||
|
Xerox shareholders’ equity |
7,050 | 6,238 | 8,588 | 7,080 | 6,319 | |||||||||||||||
|
Noncontrolling interests |
141 | 120 | 103 | 108 | 90 | |||||||||||||||
|
Total Consolidated Capitalization |
$ | 17,104 | $ | 15,390 | $ | 16,787 | $ | 14,957 | $ | 15,300 | ||||||||||
|
Selected Data and Ratios |
||||||||||||||||||||
|
Common shareholders of record at year-end |
44,792 | 46,541 | 48,261 | 40,372 | 53,017 | |||||||||||||||
|
Book value per common share |
$ | 8.11 | $ | 7.21 | $ | 9.36 | $ | 7.48 | $ | 6.79 | ||||||||||
|
Year-end common stock market price |
$ | 8.46 | $ | 7.97 | $ | 16.19 | $ | 16.95 | $ | 14.65 | ||||||||||
|
Employees at year-end |
53,600 | 57,100 | 57,400 | 53,700 | 55,220 | |||||||||||||||
|
Gross margin |
39.7 | % | 38.9 | % | 40.3 | % | 40.6 | % | 41.2 | % | ||||||||||
|
Sales gross margin |
33.9 | % | 33.7 | % | 35.9 | % | 35.7 | % | 36.6 | % | ||||||||||
|
Service, outsourcing and rentals gross margin |
42.6 | % | 41.9 | % | 42.7 | % | 43.0 | % | 43.3 | % | ||||||||||
|
Finance gross margin |
62.0 | % | 61.8 | % | 61.6 | % | 63.7 | % | 62.7 | % | ||||||||||
(1) For 2005, the amount includes $98 reported in other current liabilities.
(2) 2007 results include the acquisition of GIS.