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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 862,897 $ 924,442
Short-term investments (includes $28,221 and $35,879, respectively, reported at fair value) 153,221 115,879
Accounts and other receivables (net of allowance of $32,474 and $17,830, respectively) 391,748 373,471
Short-term finance receivables (net of allowance of $20,999 and $12,556, respectively) 555,196 629,643
Inventories 73,653 68,251
Current income taxes 1,893 5,565
Other current assets and prepayments 121,924 101,601
Assets of discontinued operations 0 17,229
Total current assets 2,160,532 2,236,081
Property, plant and equipment, net 375,465 376,177
Rental property and equipment, net 40,875 41,225
Long-term finance receivables (net of allowance of $17,115 and $7,095 respectively) 583,839 625,487
Goodwill 1,132,785 1,324,179
Intangible assets, net 175,460 190,640
Operating lease assets 199,162 200,752
Noncurrent income taxes 68,449 71,903
Other assets (includes $264,500 and $230,442, respectively, reported at fair value) 379,611 400,456
Total assets 5,116,178 5,466,900
Current liabilities:    
Accounts payable and accrued liabilities 732,048 793,690
Customer deposits at Pitney Bowes Bank 613,449 591,118
Current operating lease liabilities 35,432 36,060
Current portion of long-term debt 163,257 20,108
Advance billings 122,606 101,920
Current income taxes 11,723 17,083
Liabilities of discontinued operations 0 9,713
Total current liabilities 1,678,515 1,569,692
Long-term debt 2,553,490 2,719,614
Deferred taxes on income 270,376 274,435
Tax uncertainties and other income tax liabilities 35,928 38,834
Noncurrent operating lease liabilities 177,901 177,711
Other noncurrent liabilities 355,388 400,518
Total liabilities 5,071,598 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 68,498 98,748
Retained earnings 5,188,119 5,438,930
Accumulated other comprehensive loss (836,262) (840,143)
Treasury stock, at cost (151,737,399 and 152,888,969 shares, respectively) (4,699,113) (4,734,777)
Total stockholders’ equity 44,580 286,096
Total liabilities and stockholders’ equity $ 5,116,178 $ 5,466,900