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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 622,575 $ 732,480
Short-term investments (includes $2,639 and $2,658, respectively, reported at fair value) 11,383 14,440
Accounts and other receivables (net of allowance of $10,061 and $11,168, respectively) 297,713 334,630
Short-term finance receivables (net of allowance of $12,024 and $12,812, respectively) 564,835 560,680
Inventories 87,661 78,588
Current income taxes 12,778 13,894
Other current assets and prepayments 145,167 157,341
Total current assets 1,742,112 1,892,053
Property, plant and equipment, net 430,498 429,162
Rental property and equipment, net 33,849 34,774
Long-term finance receivables (net of allowance of $13,207 and $13,406 respectively) 588,040 587,427
Goodwill 1,129,027 1,135,103
Intangible assets, net 124,739 132,442
Operating lease assets 236,477 208,428
Noncurrent income taxes 66,208 68,398
Other assets (includes $281,811 and $318,754, respectively, reported at fair value) 436,114 471,084
Total assets 4,787,064 4,958,871
Current liabilities:    
Accounts payable and accrued liabilities 876,645 922,543
Customer deposits at Pitney Bowes Bank 619,103 632,062
Current operating lease liabilities 41,600 40,299
Current portion of long-term debt 24,746 24,739
Advance billings 102,289 99,280
Current income taxes 2,864 9,017
Total current liabilities 1,667,247 1,727,940
Long-term debt 2,199,833 2,299,099
Deferred taxes on income 286,536 286,445
Tax uncertainties and other income tax liabilities 31,358 31,935
Noncurrent operating lease liabilities 220,614 192,092
Other noncurrent liabilities 288,594 308,728
Total liabilities 4,694,182 4,846,239
Commitments and contingencies
Stockholders’ equity:    
Common stock, $1 par value (480,000 shares authorized; 323,338 shares issued) 323,338 323,338
Additional paid-in capital 0 2,485
Retained earnings 5,141,636 5,169,270
Accumulated other comprehensive loss (800,330) (780,312)
Treasury stock, at cost (149,929 and 148,607 shares, respectively) (4,571,762) (4,602,149)
Total stockholders’ equity 92,882 112,632
Total liabilities and stockholders’ equity $ 4,787,064 $ 4,958,871