| Pitney Bowes Inc. | ||||||||
| Consolidated Balance Sheets | ||||||||
|
(Unaudited in thousands, except per share data) |
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|
Assets |
June 30,
|
December 31,
|
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| Current assets: | ||||||||
| Cash and cash equivalents | $ | 1,005,901 | $ | 907,806 | ||||
| Short-term investments | 23,976 | 31,128 | ||||||
| Accounts receivable, gross | 423,103 | 482,949 | ||||||
| Allowance for doubtful accounts receivable | (13,589 | ) | (13,149 | ) | ||||
| Accounts receivable, net | 409,514 | 469,800 | ||||||
| Finance receivables | 1,071,415 | 1,127,261 | ||||||
| Allowance for credit losses | (22,852 | ) | (24,340 | ) | ||||
| Finance receivables, net | 1,048,563 | 1,102,921 | ||||||
| Inventories | 101,252 | 103,580 | ||||||
| Current income taxes | 31,580 | 28,934 | ||||||
| Other current assets and prepayments | 125,540 | 147,067 | ||||||
| Assets held for sale | 46,976 | 46,976 | ||||||
| Total current assets | 2,793,302 | 2,838,212 | ||||||
| Property, plant and equipment, net | 242,742 | 245,171 | ||||||
| Rental property and equipment, net | 215,793 | 226,146 | ||||||
| Finance receivables | 885,818 | 974,972 | ||||||
| Allowance for credit losses | (10,819 | ) | (12,609 | ) | ||||
| Finance receivables, net | 874,999 | 962,363 | ||||||
| Investment in leveraged leases | 33,431 | 34,410 | ||||||
| Goodwill | 1,728,385 | 1,734,871 | ||||||
| Intangible assets, net | 102,760 | 120,387 | ||||||
| Non-current income taxes | 66,598 | 73,751 | ||||||
| Other assets | 538,073 | 537,397 | ||||||
| Total assets | $ | 6,596,083 | $ | 6,772,708 | ||||
|
Liabilities, noncontrolling interests and stockholders' equity |
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| Current liabilities: | ||||||||
| Accounts payable and accrued liabilities | $ | 1,504,887 | $ | 1,644,582 | ||||
| Current income taxes | 191,687 | 157,340 | ||||||
| Notes payable and current portion of long-term obligations | 274,879 | - | ||||||
| Advance billings | 439,038 | 425,833 | ||||||
| Total current liabilities | 2,410,491 | 2,227,755 | ||||||
| Deferred taxes on income | 39,509 | 39,701 | ||||||
| Tax uncertainties and other income tax liabilities | 166,920 | 190,645 | ||||||
| Long-term debt | 2,964,843 | 3,346,295 | ||||||
| Other non-current liabilities | 436,194 | 466,766 | ||||||
| Total liabilities | 6,017,957 | 6,271,162 | ||||||
| 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 | 172,565 | 196,977 | ||||||
| Retained Earnings | 4,778,506 | 4,715,564 | ||||||
| Accumulated other comprehensive loss | (559,351 | ) | (574,556 | ) | ||||
| Treasury Stock, at cost | (4,433,866 | ) | (4,456,742 | ) | ||||
| Total Pitney Bowes Inc. stockholders' equity | 281,756 | 205,176 | ||||||
| Total liabilities, noncontrolling interests and stockholders' equity | $ | 6,596,083 | $ | 6,772,708 | ||||
| (1) | Certain prior year amounts have been revised. | |
