Xerox Corp. (XRX, Financial) filed Quarterly Report for the period ended 2009-06-30.
Xerox Corporation is The Document Company and a leader in the global document market providing document solutions that enhance business productivity. The Company has expertise in the production and management of documents: color and black-and-white digital and paper across networks or on a desktop in a commercial print facility or a quick-print shop for the small office or the global enterprise. Xerox Corp. has a market cap of $7.08 billion; its shares were traded at around $8.19 with a P/E ratio of 9.99 and P/S ratio of 0.4. The dividend yield of Xerox Corp. stocks is 2.08%.
Cash flow from operations was $631 million for the six months ended June 30, 2009, and cash used in investing activities of $243 million included $145 million for GISs acquisition of ComDoc in the first quarter of 2009. Total Debt at June 30, 2009 was down $347 million from December 31, 2008.
Second quarter 2009 net income attributable to Xerox of $140 million, or $0.16 per diluted share, included a charge of $9 million, or $0.01 per diluted share, for our share of Fuji Xeroxs after-tax restructuring.
Second quarter 2008 net income attributable to Xerox of $215 million, or $0.24 per diluted share included charges for after-tax restructuring of $43 million ($63 million pre-tax), or $0.05 per diluted share.
Total net income attributable to Xerox for the six months ended June 30, 2009 of $182 million, or $0.21 per diluted share, included a $31 million charge, or $0.04 per diluted share, for our share of Fuji Xeroxs after-tax restructuring charge.
Total net loss attributable to Xerox for the six months ended June 30, 2008 was $(29) million, or $(0.03) per diluted share and included an after-tax charge of $491 million ($795 million pre-tax), or $0.54 per diluted share, associated with securities-related litigation matters, as well as an after-tax charge of $43 million ($63 million pre-tax), or $0.05 per diluted share for restructuring.
Read the The complete ReportXRX is in the portfolios of Bill Nygren of Oak Mark Fund, Robert Olstein of Olstein Financial Alert Fund, Bill Nygren of Oak Mark Fund, Dodge & Cox, Charles Brandes of Brandes Investment, David Dreman of Dreman Value Management, Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC.
Xerox Corporation is The Document Company and a leader in the global document market providing document solutions that enhance business productivity. The Company has expertise in the production and management of documents: color and black-and-white digital and paper across networks or on a desktop in a commercial print facility or a quick-print shop for the small office or the global enterprise. Xerox Corp. has a market cap of $7.08 billion; its shares were traded at around $8.19 with a P/E ratio of 9.99 and P/S ratio of 0.4. The dividend yield of Xerox Corp. stocks is 2.08%.
Highlight of Business Operations:
declined by 18% in both periods from the prior year including unfavorable impacts from currency of 5% and 6%, respectively. Equipment sales revenue of $828 million and $1,598 million for the three months and six months ended June 30, 2009 decreased by 29% in both periods from the prior year reflecting the continued industry-wide slowdown in technology spending. Post-sale revenue of $2,903 million and $5,687 million for the three and six months ended June 30, 2009 was down 14% in both periods from the prior year reflecting lower supplies revenue as distributors continued to hold lower inventory levels and businesses implemented their own cost-cutting measures.Cash flow from operations was $631 million for the six months ended June 30, 2009, and cash used in investing activities of $243 million included $145 million for GISs acquisition of ComDoc in the first quarter of 2009. Total Debt at June 30, 2009 was down $347 million from December 31, 2008.
Second quarter 2009 net income attributable to Xerox of $140 million, or $0.16 per diluted share, included a charge of $9 million, or $0.01 per diluted share, for our share of Fuji Xeroxs after-tax restructuring.
Second quarter 2008 net income attributable to Xerox of $215 million, or $0.24 per diluted share included charges for after-tax restructuring of $43 million ($63 million pre-tax), or $0.05 per diluted share.
Total net income attributable to Xerox for the six months ended June 30, 2009 of $182 million, or $0.21 per diluted share, included a $31 million charge, or $0.04 per diluted share, for our share of Fuji Xeroxs after-tax restructuring charge.
Total net loss attributable to Xerox for the six months ended June 30, 2008 was $(29) million, or $(0.03) per diluted share and included an after-tax charge of $491 million ($795 million pre-tax), or $0.54 per diluted share, associated with securities-related litigation matters, as well as an after-tax charge of $43 million ($63 million pre-tax), or $0.05 per diluted share for restructuring.
Read the The complete ReportXRX is in the portfolios of Bill Nygren of Oak Mark Fund, Robert Olstein of Olstein Financial Alert Fund, Bill Nygren of Oak Mark Fund, Dodge & Cox, Charles Brandes of Brandes Investment, David Dreman of Dreman Value Management, Jean-Marie Eveillard of Arnhold & S. Bleichroeder Advisers, LLC.
