Pitney Bowes Inc. | ||||||||
Consolidated Balance Sheets | ||||||||
(Unaudited; in thousands, except share amounts) | ||||||||
Assets |
September 30,
|
December 31,
|
||||||
Current assets: | ||||||||
Cash and cash equivalents | $ | 992,089 | $ | 650,557 | ||||
Short-term investments | 24,259 | 117,021 | ||||||
Accounts receivable, net | 435,015 | 476,583 | ||||||
Short-term finance receivables, net | 862,797 | 918,383 | ||||||
Inventories | 108,766 | 88,824 | ||||||
Current income taxes | 13,060 | 6,584 | ||||||
Other current assets and prepayments | 65,622 | 67,400 | ||||||
Total current assets | 2,501,608 | 2,325,352 | ||||||
Property, plant and equipment, net | 312,597 | 330,088 | ||||||
Rental property and equipment, net | 179,554 | 177,515 | ||||||
Long-term finance receivables, net | 704,294 | 760,657 | ||||||
Goodwill | 1,766,418 | 1,745,957 | ||||||
Intangible assets, net | 174,221 | 187,378 | ||||||
Noncurrent income taxes | 66,547 | 70,294 | ||||||
Other assets | 553,635 | 525,891 | ||||||
Total assets | $ | 6,258,874 | $ | 6,123,132 | ||||
Liabilities, noncontrolling interests and stockholders' equity |
||||||||
Current liabilities: | ||||||||
Accounts payable and accrued liabilities | $ | 1,307,808 | $ | 1,448,321 | ||||
Current income taxes | 19,170 | 16,620 | ||||||
Current portion of long-term debt and notes payable | 535,289 | 461,085 | ||||||
Advance billings | 303,153 | 353,025 | ||||||
Total current liabilities | 2,165,420 | 2,279,051 | ||||||
Deferred taxes on income | 229,998 | 205,668 | ||||||
Tax uncertainties and other income tax liabilities | 57,423 | 68,429 | ||||||
Long-term debt | 2,831,767 | 2,489,583 | ||||||
Other noncurrent liabilities | 547,444 | 605,310 | ||||||
Total liabilities | 5,832,052 | 5,648,041 | ||||||
Noncontrolling interests (Preferred stockholders' equity in subsidiaries) | 296,370 | 296,370 | ||||||
Stockholders' equity: | ||||||||
Cumulative preferred stock, $50 par value, 4% convertible | 1 | 1 | ||||||
Cumulative preference stock, no par value, $2.12 convertible | 489 | 505 | ||||||
Common stock, $1 par value | 323,338 | 323,338 | ||||||
Additional paid-in-capital | 149,997 | 161,280 | ||||||
Retained earnings | 5,226,894 | 5,155,537 | ||||||
Accumulated other comprehensive loss | (825,962 | ) | (888,635 | ) | ||||
Treasury stock, at cost | (4,744,305 | ) | (4,573,305 | ) | ||||
Total Pitney Bowes Inc. stockholders' equity | 130,452 | 178,721 | ||||||
Total liabilities, noncontrolling interests and stockholders' equity | $ | 6,258,874 | $ | 6,123,132 | ||||
(1) | Certain prior year amounts have been revised for accounting rules that became effective January 1, 2016 and to conform to current year presentation. | |