Xerox Corp. -- Profits vs. Cash Flows

May 2002
Financial Executive;May2002, Vol. 18 Issue 3, p18
Academic Journal
The article reports on the financial performance of Xerox Corporation during the years 1997, 1998, and 1999 and the company's reorganization. A comparison of the company's annual reports and consolidated statements of cash flow shows how misleading accounting profits can be in a troubled company. The reporting of profit warnings in 1999 and the ouster of chief executive officer G. Richard Thoman are mentioned. Data is given for net income, interest, non-cash adjustments, changes in working capital, free cash flows, dividends, inventory writedown and restructuring charge, and revenues.


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