6 Xerox
®
Phaser
®
4622 Evaluator Guide
Message froM the ChairMan
To Our Shareholders:
It has been no surprise that this past year held
economic challenges for the company and the
greater global economy as a whole. Turbulence
in the valuation of the Euro had been forecast for
the previous three fiscal years. Due to cyclical
purchasing gaps and lagging economic indices,
our buying power was diminished significantly.
Despite these setbacks, we have positioned Global
International Finance Corporation for continued
growth in this challenging climate.
Looking ahead, the Federal Reserve’s latest round
of “quantitative easing” is intended to kick-start
the lagging economy and help prevent deflation.
Quantitative easing is a monetary policy used to
increase the supply of money by increasing excess
reserves in the banking system. In early November,
the Fed announced it will buy $600 billion worth of
long-term Treasury securities between now and the
middle of 2011. This injection of money is expected
to lower interest rates on Treasuries, boost lending
and borrowing, and increase inflationary expectations.
The purchase of Treasuries should lower yields,
and provide investment incentives to move capital
toward assets with higher earnings, such as stocks
and corporate bonds. This could provide a potential
tailwind for returns. A perceived increase in portfolio
net worth could boost individual confidence and
lead to greater consumer spending. Lower rates
may also stimulate demand for borrowing, leading
to more consumer spending and more hiring by the
business world. Finally, and maybe most important,
a potential increase in inflation moves us closer to
pricing stability and further away from a potentially
disastrous deflationary environment. These are all
very positive signs for success in the coming year
for GIFC and our shareholders.
Maggie Perez
CEO
Global International Finance Corporation
GLobAL INTERNATIoNAL FINANCE CoRpoRATIoN
Mastering International Markets
During the past four years, GIFC has consistently delivered
higher cumulative total shareholder returns than both its
peer group and the broader market.
Five-Year Cumulative Total Shareholder Returns
(Point-to-Point)*
Global International Finance Corporation
53.0%
Peer Group Average
32.3%
Market Average
24.7%
Rolling Three-Year Total Shareholder Returns**
FY10
5.5%
2.3%
-6.0%
FY09
8.6%
4.8%
-5.2%
FY08
13.7%
6.2%
4.1%
FY07
10.3%
5.4%
-3.2%
* Dates from 7/30/07 to 7/30/10. Cumulative Returns of GIFC
versus the S&p International Fund Index and S&p 500
**Annualized Returns
GLobAL INTERNATIoNAL FINANCE CoRpoRATIoN
Financial Highlights
REVENUE (IN BILLIONS)
2010
$35.5
2009
$38.0
2008
$35.0
2007
$33.2
2006
$29.4
RETURN ON AVERAGE EQUITY
2010
2009
7.4%
2008
18.2%
2007
17.5%
2006
12.1%
OPERATING MARGIN
2010
2.1%
2009
5.5%
2008
9.3%
2007
8.7%
2006
8.4%
DEBT TO TOTAL CAPITALIZATION
2010
15.9%
2009
12.3%
2008
12.5%
2007
9.8%
2006
7.5%
DILUTED EARNINGS PER SHARE
2010
$0.31
2009
$3.60
2008
$1.20
2007
$1.11
2006
$2.85
STOCK PRICE (MAY 31 CLOSE)
2010
$55.43
2009
$87.56
2008
$108.43
2007
$76.55
2006
$47.49
.7%
COMPARISON OF FIVE-YEAR CUMULATIVE TOTAL RETURN
$190 ...................................................................................................................................................................................................................
$180 ...................................................................................................................................................................................................................
$170 ...................................................................................................................................................................................................................
$160 ...................................................................................................................................................................................................................
$150 ...................................................................................................................................................................................................................
$140 ...................................................................................................................................................................................................................
$130 ...................................................................................................................................................................................................................
$120 ...................................................................................................................................................................................................................
2006
2007
2008
2009
2010
GFIC
Dow Jones International Average
S&P 500
Printed on a Xerox Phaser 4600/4620 printer using Xerox Graphic Xpressions True White 28 lb.
bond. For more information on Xerox office products, visit www.xerox.com/office 460PS-01UA
In millions, except earnings per share
2010
2009
percent Change
Operating Results
Revenues
$35,497
$37,953
(6)
operating income
747
2,075
(64)
operating margin
2.1%
5.5%
Net income
98
1,125
(91)
Diluted earnings per share
0.31
3.60
(91)
Average common and common equivalent shares
312
312
0
Capital expenditures
2,459
2,947
(17)
Financial Position
Total assets
$24,244
$25,633
(5)
Long-term debt, including current position
2,583
2,008
29
Common stockholders’ investment
13,626
14,526
(6)
Fast, efficient two-sided printings benefits
your budget and your bottom line.
Section 1: Evaluating Black-and-white Printers
Cost-savings and Green Features
How the Xerox
®
Phaser
®
4622 printer
exceeds the cost-savings and green-
features requirements:
Reduced Paper Consumption
Highly efficient, no-hassle two-sided printing
saves money and paper. Phaser 4622DN
and 4622DT configurations include standard
automatic two-sided printing. Plus, N-up
printing helps you extend your paper
conservation by grouping multiple pages on a
single sheet – perfect for printing PowerPoint
presentations.
Lower Monthly Energy Bills
The Phaser 4622 printer supports the highest
ENERGY STAR
®
standards for power-saving.
Separate Consumables
Our split consumables let you get the most
out of every user-replaceable component.
No more having to replace an independent
image marking drum simply because you’re
out of toner.
Less Waste
The long-life marking drum lasts longer and
requires fewer replacements, saving you money
and reducing landfill waste. Plus, with the Xerox-
exclusive Green World Alliance program, you
can return all applicable customer-replaceable
units for proper recycling with no landfill impacts.
Toner Usage
The Toner Saver mode allows the Phaser 4622
printer to reduce toner usage when printing
documents that don’t require optimal print
quality.
How does a printer put you on a path to increased cost-savings and a greener
workplace?
Does it have a lower total carbon footprint over the product lifecycle?
Does it produce less waste? Can you get consistent image quality on environmentally
friendly media?
