Xerox Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended Dec. 31, 2013. For the quarter, total revenues were $5,569 million, income before income taxes & equity income was $345 million, income from continuing operations was $315 million or $0.25 per diluted share, net income attributable to the company was $306 million or $0.24 per diluted share against total revenues of $5,763 million, income before income taxes & equity income was $366 million, income from continuing operations of $342 million or $0.26 per diluted share, net income attributable to the company was $335 million or $0.26 per diluted share for the same period a year ago. Net cash provided by operating activities was $968 million and cost of additions to land, buildings and equipment was $93 million against net cash provided by operating activities was $1,773 million and cost of additions to land, buildings and equipment was $105 million a year ago. Adjusted net income from continuing operations available to common shareholders was $310 million or $0.25 per diluted share compared to $334 million or $0.26 per diluted share a year ago. Adjusted net income available to common shareholders was $306 million or $0.24 per diluted share against $335 million or $0.26 per diluted share a year ago. The company spent $111 million on CapEx.

For the year, total revenues were $21,435 million, income before income taxes & equity income was $1,312 million, income from continuing operations was $1,205 million or $0.93 per diluted share, net income attributable to the company was $1,159 million or $0.91 per diluted share against total revenues of $21,737 million, income before income taxes & equity income was $1,332 million, income from continuing operations of $1,212 million or $0.87 per diluted share, net income attributable to the company was $1,195 million or $0.88 per diluted share for the same period a year ago. Net cash provided by operating activities was $2,375 million and cost of additions to land, buildings and equipment was $346 million against net cash provided by operating activities was $2,580 million and cost of additions to land, buildings and equipment was $388 million a year ago. Adjusted net income from continuing operations available to common shareholders was $1,186 million or $0.93 per diluted share compared to $1,161 million or $0.87 per diluted share a year ago. Adjusted net income available to common shareholders was $1,160 million or $0.91 per diluted share against $1,172 million or $0.88 per diluted share a year ago. CapEx was $427 million.

The company reiterated its full-year 2014 guidance of GAAP EPS in the range of 93 to 99 cents, and adjusted EPS of $1.10 to $1.16. Xerox expects to generate operating cash flow of $1.8 billion to $2.0 billion in 2014 with no finance receivable sales planned.

For first-quarter 2014, Xerox expects GAAP earnings of 19 to 21 cents per share and adjusted EPS of 23 to 25 cents per share.