Per-Share Data

Income from continuing operations

$0.44

$0.56

$0.26

$1.21

$1.25

0.43

0.55

0.26

1.19

1.22

Earnings

0.44

0.56

0.26

1.21

1.25

0.43

0.55

0.26

1.19

1.22

Common stock dividends declared

0.17

0.17

0.17

0.0425

—

Operations

Revenues

$21,633

$15,179

$17,608

$17,228

$15,895

7,234

6,646

8,325

8,192

7,464

13,739

7,820

8,485

8,214

7,591

660

713

798

822

840

Income from continuing operations

637

516

265

1,165

1,232

Income from continuing operations – Xerox

606

485

230

1,135

1,210

Net income

637

516

265

1,165

1,232

Net income - Xerox

606

485

230

1,135

1,210

Financial Position

Working capital

$2,222

$5,270

$2,700

$4,463

$4,056

Total Assets

30,600

24,032

22,447

23,543

21,709

Consolidated Capitalization

Short-term debt and current portion of long-
term debt

1,370

988

1,610

525

1,485

8,607

9,264

8,384

7,464

7,145

Liability to subsidiary trust issuing preferred
securities

650

649

648

632

624

Series A convertible preferred stock

349

—

—

—

—

Xerox shareholders’ equity

12,006

7,050

6,238

8,588

7,080

Selected Data and Ratios

Common shareholders of record at year-end

43,383

44,792

46,541

48,261

40,372

Book value per common share

$8.59

$8.11

$7.21

$9.36

$7.48

Year-end common stock market price

$11.52

$8.46

$7.97

$16.19

$16.95

Employees at year-end

136,500

53,600

57,100

57,400

53,700

Gross margin

34.4%

39.7%

38.9%

40.3%

40.6%

34.5%

33.9%

33.7%

35.9%

35.7%

33.1%

42.6%

41.9%

42.7%

43.0%