Financial Highlights

(in millions, except EPS) 2013 2012
Total revenue $21,435 $21,737
Equipment sales 3,359 3,476
Annuity revenue 18,076 18,261
Net income from continuing operations – Xerox 1,185 1,184
Adjusted net income* – Xerox 1,390 1,387
Diluted earnings per share from continuing operations 0.93 0.87
Adjusted earnings per share* 1.09 1.02
Net cash provided by operating activities 2,375 2,580
Adjusted operating margin* 8.9% 9.5%
  • *See Non-GAAP Measures on the Shareholder Letter page for the reconciliation of the difference between this financial measure that is not in compliance with Generally Accepted Accounting Principles (GAAP) and the most directly comparable financial measure calculated in accordance with GAAP.

    Note: 2012 has been restated to reflect the 2013 disposition of our North American (Canada and U.S.) and Western European Paper business as Discontinued Operations.