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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 511,761 $ 669,981
Short-term investments (includes $2,388 and $1,882, respectively, reported at fair value) 15,614 11,172
Accounts and other receivables (net of allowance of $6,083 and $5,344, respectively) 271,496 343,557
Short-term finance receivables (net of allowance of $11,683 and $11,395, respectively) 551,348 564,972
Inventories 94,016 83,720
Current income taxes 19,318 8,790
Other current assets and prepayments 125,746 115,824
Total current assets 1,589,299 1,798,016
Property, plant and equipment, net 411,793 420,672
Rental property and equipment, net 26,955 27,487
Long-term finance receivables (net of allowance of $10,221 and $10,555 respectively) 636,518 627,124
Goodwill 1,069,660 1,066,951
Intangible assets, net 74,028 77,944
Operating lease assets 287,703 296,129
Noncurrent income taxes 44,595 46,613
Other assets (includes $231,732 and $229,936, respectively, reported at fair value) 390,298 380,419
Total assets 4,530,849 4,741,355
Current liabilities:    
Accounts payable and accrued liabilities 800,050 907,083
Customer deposits at Pitney Bowes Bank 594,546 628,072
Current operating lease liabilities 53,848 52,576
Current portion of long-term debt 262,439 32,764
Advance billings 86,802 105,207
Current income taxes 981 2,101
Total current liabilities 1,798,666 1,727,803
Long-term debt 1,910,529 2,172,502
Deferred taxes on income 268,193 263,131
Tax uncertainties and other income tax liabilities 23,778 23,841
Noncurrent operating lease liabilities 256,158 265,696
Other noncurrent liabilities 213,561 227,729
Total liabilities 4,470,885 4,680,702
Commitments and contingencies (See Note 13)
Stockholders’ equity:    
Common stock, $1 par value (480,000 shares authorized; 323,338 shares issued) 323,338 323,338
Retained earnings 5,060,852 5,125,677
Accumulated other comprehensive loss (819,978) (835,564)
Treasury stock, at cost (147,714 and 149,307 shares, respectively) (4,504,248) (4,552,798)
Total stockholders’ equity 59,964 60,653
Total liabilities and stockholders’ equity $ 4,530,849 $ 4,741,355