Pitney Bowes Inc. | ||||||||||
Consolidated Balance Sheets | ||||||||||
(Unaudited in thousands, except per share data) |
||||||||||
Assets |
March 31,
|
December 31,
|
||||||||
Current assets: | ||||||||||
Cash and cash equivalents | $ | 903,342 | $ | 907,806 | ||||||
Short-term investments | 27,060 | 31,128 | ||||||||
Accounts receivable, gross | 444,149 | 482,949 | ||||||||
Allowance for doubtful accounts receivable | (13,900 | ) | (13,149 | ) | ||||||
Accounts receivable, net | 430,249 | 469,800 | ||||||||
Finance receivables | 1,095,183 | 1,127,261 | ||||||||
Allowance for credit losses | (23,607 | ) | (24,340 | ) | ||||||
Finance receivables, net | 1,071,576 | 1,102,921 | ||||||||
Inventories | 100,956 | 103,580 | ||||||||
Current income taxes | 30,006 | 28,934 | ||||||||
Other current assets and prepayments | 125,065 | 147,067 | ||||||||
Assets held for sale | 127,038 | 46,976 | ||||||||
Total current assets | 2,815,292 | 2,838,212 | ||||||||
Property, plant and equipment, net | 237,901 | 245,171 | ||||||||
Rental property and equipment, net | 219,512 | 226,146 | ||||||||
Finance receivables | 886,853 | 974,972 | ||||||||
Allowance for credit losses | (12,014 | ) | (12,609 | ) | ||||||
Finance receivables, net | 874,839 | 962,363 | ||||||||
Investment in leveraged leases | 33,690 | 34,410 | ||||||||
Goodwill | 1,726,596 | 1,734,871 | ||||||||
Intangible assets, net | 110,878 | 120,387 | ||||||||
Non-current income taxes | 69,008 | 73,751 | ||||||||
Other assets | 543,620 | 537,397 | ||||||||
Total assets | $ | 6,631,336 | $ | 6,772,708 | ||||||
Liabilities, noncontrolling interests and stockholders' equity |
||||||||||
Current liabilities: | ||||||||||
Accounts payable and accrued liabilities | $ | 1,484,250 | $ | 1,644,582 | ||||||
Current income taxes | 163,080 | 157,340 | ||||||||
Notes payable and current portion of long-term obligations | 274,879 | - | ||||||||
Advance billings | 466,410 | 425,833 | ||||||||
Liabilities related to assets held for sale | 1,116 | - | ||||||||
Total current liabilities | 2,389,735 | 2,227,755 | ||||||||
Deferred taxes on income | 58,975 | 60,667 | ||||||||
Tax uncertainties and other income tax liabilities | 187,423 | 186,452 | ||||||||
Long-term debt | 3,066,690 | 3,346,295 | ||||||||
Other non-current liabilities | 442,365 | 466,766 | ||||||||
Total liabilities | 6,145,188 | 6,287,935 | ||||||||
Noncontrolling interests (Preferred stockholders' equity in subsidiaries) | 296,370 | 296,370 | ||||||||
Stockholders' equity: | ||||||||||
Cumulative preferred stock, $50 par value, 4% convertible | 1 | 4 | ||||||||
Cumulative preference stock, no par value, $2.12 convertible | 563 | 591 | ||||||||
Common stock, $1 par value | 323,338 | 323,338 | ||||||||
Additional paid-in-capital | 170,038 | 196,977 | ||||||||
Retained Earnings | 4,705,475 | 4,698,791 | ||||||||
Accumulated other comprehensive loss | (573,333 | ) | (574,556 | ) | ||||||
Treasury Stock, at cost | (4,436,304 | ) | (4,456,742 | ) | ||||||
Total Pitney Bowes Inc. stockholders' equity | 189,778 | 188,403 | ||||||||
Total liabilities, noncontrolling interests and stockholders' equity | $ | 6,631,336 | $ | 6,772,708 | ||||||