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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 663,072 $ 924,442
Short-term investments, reported at fair value 67,180 115,879
Accounts and other receivables (net of allowance of $29,444 and $17,830, respectively) 342,823 373,471
Short-term finance receivables (net of allowance of $23,104 and $12,556, respectively) 597,805 629,643
Inventories 71,848 68,251
Current income taxes 16,356 5,565
Other current assets and prepayments 111,104 101,601
Assets of discontinued operations 0 17,229
Total current assets 1,870,188 2,236,081
Property, plant and equipment, net 371,464 376,177
Rental property and equipment, net 40,264 41,225
Long-term finance receivables (net of allowance of $15,764 and $7,095 respectively) 601,547 625,487
Goodwill 1,125,035 1,324,179
Intangible assets, net 181,624 190,640
Operating lease assets 193,635 200,752
Noncurrent income taxes 73,186 71,903
Other assets (includes $280,083 and $232,938, respectively, reported at fair value) 436,487 400,456
Total assets 4,893,430 5,466,900
Current liabilities:    
Accounts payable and accrued liabilities 653,539 793,690
Customer deposits at Pitney Bowes Bank 590,230 591,118
Current operating lease liabilities 36,085 36,060
Current portion of long-term debt 62,952 20,108
Advance billings 96,641 101,920
Current income taxes 3,070 17,083
Liabilities of discontinued operations 0 9,713
Total current liabilities 1,442,517 1,569,692
Long-term debt 2,567,010 2,719,614
Deferred taxes on income 275,815 274,435
Tax uncertainties and other income tax liabilities 36,096 38,834
Noncurrent operating lease liabilities 171,079 177,711
Other noncurrent liabilities 371,483 400,518
Total liabilities 4,864,000 5,180,804
Commitments and contingencies (See Note 14)
Stockholders’ equity:    
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued) 323,338 323,338
Additional paid-in capital 69,553 98,748
Retained earnings 5,200,024 5,438,930
Accumulated other comprehensive loss (857,874) (840,143)
Treasury stock, at cost (151,947,224 and 152,888,969 shares, respectively) (4,705,611) (4,734,777)
Total stockholders’ equity 29,430 286,096
Total liabilities and stockholders’ equity $ 4,893,430 $ 5,466,900