EX-99 6 d438380dex99.htm EX-99 EX-99

Exhibit 99

Selected Financial Data

The following table sets forth our selected financial data for the periods presented below as adjusted for the following:

 

    The correction of the Fuji Xerox Misstatement in Prior Period Financial Statements as disclosed in Note 2 to the financial statements for the six month period ended June 30, 2017 included in our Form 10-Q for the quarterly period ended June 30, 2017.

 

    The impact of our one-for-four reverse stock split effective June 14, 2017 as disclosed in Note 1 to the financial statements for the six month period ended June 30, 2017 included in our Form 10-Q for the quarterly period ended June 30, 2017.

 

     For the Three Months
Ended March, 31
     For the Year Ended December. 31,  
     2017 (6)      2016 (1)(6)      2016 (6)     2015 (1)(6)      2014 (1)(6)      2013 (1)(7)      2012 (1)(7)  

Per-Share Data (5)

                   

Income from continuing operations

                   

Basic

   $ 0.17      $ 0.24      $ 2.36     $ 3.00      $ 3.42      $ 2.99      $ 2.69  

Diluted

     0.16        0.23        2.33       2.97        3.37        2.94        2.63  

Net Income (Loss) Attributable to Xerox

                   

Basic

     0.14        0.10        (1.95     1.59        3.37        3.63        3.59  

Diluted

     0.14        0.10        (1.93     1.58        3.32        3.57        3.52  

Common stock dividends declared

     0.25        0.31        1.24       1.12        1.00        0.92        0.68  

Operations

                   

Revenues

   $ 2,454      $ 2,615      $ 10,771     $ 11,465      $ 12,679      $ 13,194      $ 13,722  

Sales

     936        1,003        4,319       4,674        5,214        5,496        5,757  

Outsourcing, maintenance and rentals

     1,442        1,529        6,127       6,445        7,078        7,215        7,368  

Financing

     76        83        325       346        387        483        597  

Income from continuing operations

     48        68        633       840        1,034        959        926  

Income from continuing operations - Xerox

     46        66        622       822        1,011        939        898  

Net income (loss)

     42        33        (460     466        1,018        1,155        1,220  

Net income (loss) - Xerox

     40        31        (471     448        995        1,135        1,192  

Financial Position (2)(3)

                   

Working capital

   $ 2,091      $ 662      $ 2,338     $ 1,431      $ 2,798      $ 2,825      $ 2,363  

Total Assets

     15,843        24,752        18,051       25,442        27,576        28,966        29,964  

Consolidated Capitalization (2)(3)

                   

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

   $ 13      $ 2,029      $ 1,011     $ 985      $ 1,427      $ 1,117      $ 1,042  

Long-term debt

     4,988        5,359        5,305       6,382        6,314        6,904        7,447  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total Debt (4)

     5,001        7,388        6,316       7,367        7,741        8,021        8,489  

Convertible preferred stock

     214        349        214       349        349        349        349  

Xerox shareholders’ equity

     4,853        9,021        4,709       8,975        10,596        12,230        11,470  

Noncontrolling interests

     40        37        38       43        75        119        143  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Total Consolidated Capitalization

   $ 10,108      $ 16,795      $ 11,277     $ 16,734      $ 18,761      $ 20,719      $ 20,451  
  

 

 

    

 

 

    

 

 

   

 

 

    

 

 

    

 

 

    

 

 

 

Selected Data and Ratios

                   

Common shareholders of record at year-end

           31,803       33,843        35,307        37,552        39,397  

Book value per common share (5)

   $ 19.10      $ 35.62      $ 18.57     $ 35.45      $ 37.95      $ 41.17      $ 37.49  

Year-end common stock market price (5)

         $ 34.92     $ 42.52      $ 55.44      $ 48.68      $ 27.28  

FOOTNOTES:

 

(1) Income Statement items have been revised to reflect our discontinued operations. Refer to Note 4 - Divestitures in our Consolidated Financial Statements for the Year Ended December 31, 2016, which is incorporated here by reference, for additional information.
(2) Balance sheet amounts at December 31, 2016 exclude Conduent Incorporated (“Conduent”) balances as a result of the Separation and Distribution. Refer to Note 4 - Divestitures in our Consolidated Financial Statements for the Year Ended December 31, 2016, which is incorporated here by reference, for additional information.
(3) Balance sheet amounts prior to December 31, 2016 include amounts for Conduent. Refer to Note 4 - Divestitures in our Consolidated Financial Statements for the Year Ended December 31, 2016, which is incorporated here by reference, for additional information.
(4) Includes capital lease obligations.
(5) Per-share computations reflect the impact of our one-for-four reverse stock split effective June 14, 2017.
(6) Reflects the revisions related to the Fuji Xerox misstatement disclosed in Note 2 included in our June 30, 2017 Form 10-Q filed on August 7, 2017, which is incorporated here by reference.
(7) 2013 and 2012 reflect the revision to the reported amount of Equity in net income of unconsolidated affiliates and net income of $(24) million and $(3) million, respectively, and to Xerox shareholders’ equity of $(70) million and $(51) million, respectively.