Xerox Corporation (XRX) financial statements (2021 and earlier)

Company profile

Business Address 201 MERRITT 7
NORWALK, CT 06851
State of Incorp. NY
Fiscal Year End December 31
SIC 3577 - Computer Peripheral Equipment, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0841,2932,2231,3681,4111,7641,246
Cash and cash equivalents1,0841,2932,2231,3681,4111,7641,246
Restricted cash and investments    113  
Receivables2,4942,6742,2173,6344,0774,4295,037
Inventory, net of allowances, customer advances and progress billings8189158419429349981,011
Inventory8189158419429349981,011
Prepaid expense    134143
Deferred costs    323399356
Derivative instruments and hedges, assets    22611
Disposal group, including discontinued operation  1,002 1,260  
Deposits current assets    293229
Prepaid expense and other current assets1,305
Other current assets1942366196441,0821,207
Other undisclosed current assets1051129097(511)(467)(722)
Total current assets:4,6955,2306,9926,6858,8748,5118,273
Noncurrent Assets
Property, plant and equipment4996296609961,1231,4661,556
Long-term investments and receivables3,5523,7273,7863,9654,0574,2024,706
Long-term investments1,4031,4041,3881,3891,3381,2851,381
Accounts and financing receivable, after allowance for credit loss2,1492,3232,3982,5762,7192,9173,325
Intangible assets, net (including goodwill)4,0874,1984,07710,58810,83611,70811,845
Goodwill3,8673,9303,7878,8238,8059,2059,062
Intangible assets, net (excluding goodwill)2202682901,7652,0312,5032,783
Regulated entity, other noncurrent assets    313137
Restricted cash and investments    139170214
Disposal group, including discontinued operation, noncurrent assets    (147)
Deferred costs    755399356
Other noncurrent assets8596822,1552,0882,2432,222
Prepaid expense and other noncurrent assets2,337
Assets of disposal group, including discontinued operation191208
Other undisclosed noncurrent assets1,1821,480475495(253)136483
Total noncurrent assets:10,17910,71611,15318,13218,78420,52521,742
TOTAL ASSETS:14,87415,94618,14524,81727,65829,03630,015
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,4401,5521,5462,2652,6492,5402,824
Accounts payable1,0911,1081,1261,6141,5841,6261,913
Accrued liabilities    11  
Employee-related liabilities349444420651754734741
Taxes payable    134180170
Interest and dividends payable    166  
Debt9612821,0119851,4271,1171,042
Derivative instruments and hedges, liabilities    587082
Restructuring reserve    94
Disposal group, including discontinued operation  1,002 371  
Deferred revenue and credits 187428431496438
Deferred tax liabilities    12087105
Other liabilities8509079081,5761,5091,7131,776
Other undisclosed current liabilities    (583)(337)(357)
Total current liabilities:3,2512,7414,6545,2546,0765,6865,910
Noncurrent Liabilities
Long-term debt and lease obligation, including:4,2695,2355,3056,3826,3146,9047,447
Other undisclosed long-term debt and lease obligation4,2695,2355,3056,3826,3146,9047,447
Liabilities, other than long-term debt6428688911,2021,6292,0342,123
Deferred revenue and credits   166168134
Pension and other postretirement defined benefit plans, liabilities785909
Deferred compensation liability, classified23      
Deferred tax liabilities, net    142286262
Liability, pension and other postretirement and postemployment benefits350662698785865
Accrued environmental loss contingencies    91214
Restructuring reserve    388
Disposal group, including discontinued operation, liabilities    (54)1818
Other liabilities269206193417498757778
Other undisclosed noncurrent liabilities1,4591,5952,2402,5132,5811,6442,522
Total noncurrent liabilities:6,3707,6988,43610,09710,52410,58212,092
Total liabilities:9,62110,43913,09015,35116,60016,26818,002
Temporary equity, carrying amount214214214349349349349
Stockholders' equity
Stockholders' equity attributable to parent5,0055,2564,8039,07410,63412,30011,521
Common stock2322551,0141,0131,1241,2101,239
Treasury stock, value(55)   (105)(252)(104)
Additional paid in capital3,3213,8933,0983,0174,2835,2825,622
Accumulated other comprehensive loss(3,565)(3,748)(4,348)(4,642)(4,159)(2,779)(3,227)
Retained earnings5,0724,8565,0399,6869,4918,8397,991
Stockholders' equity attributable to noncontrolling interest3437384375119143
Total stockholders' equity:5,0395,2934,8419,11710,70912,41911,664
TOTAL LIABILITIES AND EQUITY:14,87415,94618,14524,81727,65829,03630,015

Income statement (P&L) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues9,83010,26510,77118,04519,54021,43522,390
Revenue, net9,97110,44617,69919,15320,95222,400
Cost of revenue(6,328)(6,604)(6,943)(13,287)(13,818)(15,265)(15,890)
Cost of goods and services sold(279)(6,098)(6,410)(12,682)(13,180)(14,659)(15,194)
Gross profit:3,5023,6613,8284,7585,7226,1706,500
Operating expenses(2,904)(3,091)(3,260)(4,346)(4,516)(4,858)(5,152)
Other undisclosed operating loss (579)(1,911)(308)(1,133)(1,309) 
Operating income (loss):598(9)(1,343)1047331,348
Nonoperating expense(5)  (1)   
Foreign currency transaction loss, before tax(5)      
Other nonoperating expense   (1)   
Interest and debt expense(244)(252)(309)(353)(377)(406)(428)
Other undisclosed income from continuing operations before equity method investments, income taxes2498312,2206621,5101,715428
Income from continuing operations before equity method investments, income taxes:5985705684121,2061,3121,348
Income from equity method investments33115121135160169152
Income from continuing operations before income taxes:6316856895471,3661,4811,500
Income tax expense (benefit)(257)(481)(62)23(259)(276)(277)
Income from continuing operations:3742046275701,1071,2051,223
Income (loss) from discontinued operations 3(1,093)(78)(115)(4) 
Net income (loss):374207(466)4929921,2011,223
Net loss attributable to noncontrolling interest(13)(12)(11)(18)(23)(20)(28)
Net income (loss) attributable to parent:361195(477)4749691,1811,195
Preferred stock dividends and other adjustments(14)(14)(24)(24)(24)(24) 
Net income (loss) available to common stockholders, basic:347181(501)4509451,1571,195
Interest on convertible debt     1 
Net income (loss) available to common stockholders, diluted:347181(501)4509451,1581,195

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income (loss):374207(466)4929921,2011,223
Other comprehensive income (loss)183590(235)(484)(1,381)  
Other undisclosed comprehensive income (loss)     425(511)
Comprehensive income (loss):557797(701)8(389)1,626712
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(13)(13)(8)(17)(22)1928
Other undisclosed comprehensive loss, net of tax, attributable to parent     (38)(56)
Comprehensive income (loss), net of tax, attributable to parent:544784(709)(9)(411)1,607684

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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