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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 799,470 $ 921,450
Short-term investments, reported at fair value 14,904 18,974
Accounts and other receivables (net of allowance of $13,959 and $18,899, respectively) 309,177 389,240
Short-term finance receivables (net of allowance of $18,313 and $18,012, respectively) 552,858 568,050
Inventories 67,538 65,845
Current income taxes 37,384 23,219
Other current assets and prepayments 117,425 120,145
Total current assets 1,898,756 2,106,923
Property, plant and equipment, net 429,785 391,280
Rental property and equipment, net 38,814 38,435
Long-term finance receivables (net of allowance of $17,253 and $17,857 respectively) 588,602 605,292
Goodwill 1,130,164 1,152,285
Intangible assets, net 144,692 159,839
Operating lease assets 205,584 201,916
Noncurrent income taxes 69,150 72,653
Other assets (includes $363,613 and $355,799, respectively, reported at fair value) 507,748 491,514
Total assets 5,013,295 5,220,137
Current liabilities:    
Accounts payable and accrued liabilities 820,065 880,616
Customer deposits at Pitney Bowes Bank 632,833 617,200
Current operating lease liabilities 41,835 39,182
Current portion of long-term debt 97,015 216,032
Advance billings 119,645 114,550
Current income taxes 5,844 2,880
Total current liabilities 1,717,237 1,870,460
Long-term debt 2,330,698 2,348,361
Deferred taxes on income 286,338 279,451
Tax uncertainties and other income tax liabilities 37,155 38,163
Noncurrent operating lease liabilities 182,746 180,292
Other noncurrent liabilities 405,751 437,015
Total liabilities 4,959,925 5,153,742
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 5,903 68,502
Retained earnings 5,172,185 5,201,195
Accumulated other comprehensive loss (831,303) (839,131)
Treasury stock, at cost (149,078,067 and 151,362,724 shares, respectively) (4,616,753) (4,687,509)
Total stockholders’ equity 53,370 66,395
Total liabilities and stockholders’ equity $ 5,013,295 $ 5,220,137