| Pitney Bowes Inc. | ||||||||
| Consolidated Balance Sheets | ||||||||
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(Unaudited: in thousands, except per share data) |
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Assets |
03/31/12 | 12/31/11 | ||||||
| Current assets: | ||||||||
| Cash and cash equivalents | $ | 915,553 | $ | 856,238 | ||||
| Short-term investments | 35,863 | 12,971 | ||||||
| Accounts receivable, gross | 725,446 | 755,485 | ||||||
| Allowance for doubtful accounts receivables | (31,117 | ) | (31,855 | ) | ||||
| Accounts receivables, net | 694,329 | 723,630 | ||||||
| Finance receivables | 1,263,826 | 1,296,673 | ||||||
| Allowance for credit losses | (39,124 | ) | (45,583 | ) | ||||
| Finance receivables, net | 1,224,702 | 1,251,090 | ||||||
| Inventories | 179,321 | 178,599 | ||||||
| Current income taxes | 116,247 | 102,556 | ||||||
| Other current assets and prepayments | 128,244 | 134,774 | ||||||
| Total current assets | 3,294,259 | 3,259,858 | ||||||
| Property, plant and equipment, net | 403,657 | 404,146 | ||||||
| Rental property and equipment, net | 261,388 | 258,711 | ||||||
| Finance receivables | 1,097,093 | 1,123,638 | ||||||
| Allowance for credit losses | (15,278 | ) | (17,847 | ) | ||||
| Finance receivables, net | 1,081,815 | 1,105,791 | ||||||
| Investment in leveraged leases | 32,977 | 138,271 | ||||||
| Goodwill | 2,162,689 | 2,147,088 | ||||||
| Intangible assets, net | 201,891 | 212,603 | ||||||
| Non-current income taxes | 85,410 | 89,992 | ||||||
| Other assets | 538,172 | 530,644 | ||||||
| Total assets | $ | 8,062,258 | $ | 8,147,104 | ||||
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Liabilities, noncontrolling interests and stockholders' equity (deficit) |
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| Current liabilities: | ||||||||
| Accounts payable and accrued liabilities | $ | 1,675,152 | $ | 1,840,465 | ||||
| Current income taxes | 295,283 | 242,972 | ||||||
| Notes payable and current portion of long-term obligations | 577,830 | 550,000 | ||||||
| Advance billings | 494,068 | 458,425 | ||||||
| Total current liabilities | 3,042,333 | 3,091,862 | ||||||
| Deferred taxes on income | 107,175 | 175,944 | ||||||
| Tax uncertainties and other income tax liabilities | 198,853 | 194,840 | ||||||
| Long-term debt | 3,682,798 | 3,683,909 | ||||||
| Other non-current liabilities | 643,686 | 743,165 | ||||||
| Total liabilities | 7,674,845 | 7,889,720 | ||||||
| Noncontrolling interests (Preferred stockholders' equity in subsidiaries) | 296,370 | 296,370 | ||||||
| Stockholders' equity (deficit): | ||||||||
| Cumulative preferred stock, $50 par value, 4% convertible | 4 | 4 | ||||||
| Cumulative preference stock, no par value, $2.12 convertible | 653 | 659 | ||||||
| Common stock, $1 par value | 323,338 | 323,338 | ||||||
| Additional paid-in capital | 225,869 | 240,584 | ||||||
| Retained earnings | 4,683,949 | 4,600,217 | ||||||
| Accumulated other comprehensive loss | (617,106 | ) | (661,645 | ) | ||||
| Treasury stock, at cost | (4,525,664 | ) | (4,542,143 | ) | ||||
| Total Pitney Bowes Inc. stockholders' equity (deficit) | 91,043 | (38,986 | ) | |||||
| Total liabilities, noncontrolling interests and stockholders' equity (deficit) | $ | 8,062,258 | $ | 8,147,104 | ||||
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Pitney Bowes Announces First Quarter Results for 2012
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