| Pitney Bowes Inc. | |||||||||||||
| Consolidated Balance Sheets | |||||||||||||
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(Unaudited) |
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| (Dollars in thousands, except per share data) | |||||||||||||
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Assets |
09/30/11 | 06/30/11 | |||||||||||
| Current assets: | |||||||||||||
| Cash and cash equivalents | $ | 715,194 | $ | 578,448 | |||||||||
| Short-term investments | 53,866 | 45,667 | |||||||||||
| Accounts receivable, gross | 707,120 | 756,198 | |||||||||||
| Allowance for doubtful accounts receivables | (32,123 | ) | (31,367 | ) | |||||||||
| Accounts receivables, net | 674,997 | 724,831 | |||||||||||
| Finance receivables | 1,312,858 | 1,328,180 | |||||||||||
| Allowance for credit losses | (51,247 | ) | (47,603 | ) | |||||||||
| Finance receivables, net | 1,261,611 | 1,280,577 | |||||||||||
| Inventories | 178,553 | 177,504 | |||||||||||
| Current income taxes | 67,263 | 70,890 | |||||||||||
| Other current assets and prepayments | 118,191 | 113,052 | |||||||||||
| Total current assets | 3,069,675 | 2,990,969 | |||||||||||
| Property, plant and equipment, net | 414,342 | 429,737 | |||||||||||
| Rental property and equipment, net | 267,189 | 282,976 | |||||||||||
| Finance receivables | 1,135,890 | 1,194,164 | |||||||||||
| Allowance for credit losses | (19,554 | ) | (20,305 | ) | |||||||||
| Finance receivables, net | 1,116,336 | 1,173,859 | |||||||||||
| Investment in leveraged leases | 133,995 | 262,052 | |||||||||||
| Goodwill | 2,248,942 | 2,336,796 | |||||||||||
| Intangible assets, net | 243,349 | 273,830 | |||||||||||
| Non-current income taxes | 127,986 | 134,569 | |||||||||||
| Other assets | 541,253 | 484,166 | |||||||||||
| Total assets | $ | 8,163,067 | $ | 8,368,954 | |||||||||
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Liabilities, noncontrolling interests and stockholders' deficit |
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| Current liabilities: | |||||||||||||
| Accounts payable and accrued liabilities | $ | 1,664,217 | $ | 1,748,628 | |||||||||
| Current income taxes | 341,349 | 231,982 | |||||||||||
| Notes payable and current portion of long-term obligations | 1,941 | 2,477 | |||||||||||
| Advance billings | 450,874 | 481,239 | |||||||||||
| Total current liabilities | 2,458,381 | 2,464,326 | |||||||||||
| Deferred taxes on income | 151,539 | 294,656 | |||||||||||
| Tax uncertainties and other income tax liabilities | 564,981 | 557,081 | |||||||||||
| Long-term debt | 4,243,547 | 4,239,965 | |||||||||||
| Other non-current liabilities | 493,532 | 517,725 | |||||||||||
| Total liabilities | 7,911,980 | 8,073,753 | |||||||||||
| Noncontrolling interests (Preferred stockholders' equity in subsidiaries) | 296,370 | 296,370 | |||||||||||
| Stockholders' deficit: | |||||||||||||
| Cumulative preferred stock, $50 par value, 4% convertible | 4 | 4 | |||||||||||
| Cumulative preference stock, no par value, $2.12 convertible | 724 | 741 | |||||||||||
| Common stock, $1 par value | 323,338 | 323,338 | |||||||||||
| Additional paid-in capital | 238,313 | 235,504 | |||||||||||
| Retained earnings | 4,416,646 | 4,318,692 | |||||||||||
| Accumulated other comprehensive loss | (477,431 | ) | (379,162 | ) | |||||||||
| Treasury stock, at cost | (4,546,877 | ) | (4,500,286 | ) | |||||||||
| Total Pitney Bowes Inc. stockholders' deficit | (45,283 | ) | (1,169 | ) | |||||||||
| Total liabilities, noncontrolling interests and stockholders' deficit | $ | 8,163,067 | $ | 8,368,954 | |||||||||
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Pitney Bowes Announces Third Quarter Results for 2011
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