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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 541,704 $ 669,981
Short-term investments (includes $2,399 and $1,882, respectively, reported at fair value) 18,972 11,172
Accounts and other receivables (net of allowance of $4,217 and $5,344, respectively) 272,963 343,557
Short-term finance receivables (net of allowance of $11,522 and $11,395, respectively) 559,979 564,972
Inventories 92,783 83,720
Current income taxes 11,159 8,790
Other current assets and prepayments 117,132 115,824
Total current assets 1,614,692 1,798,016
Property, plant and equipment, net 401,905 420,672
Rental property and equipment, net 25,936 27,487
Long-term finance receivables (net of allowance of $10,595 and $10,555 respectively) 640,097 627,124
Goodwill 952,302 1,066,951
Intangible assets, net 70,062 77,944
Operating lease assets 284,783 296,129
Noncurrent income taxes 44,859 46,613
Other assets (includes $227,583 and $229,936, respectively, reported at fair value) 388,728 380,419
Total assets 4,423,364 4,741,355
Current liabilities:    
Accounts payable and accrued liabilities 812,474 907,083
Customer deposits at Pitney Bowes Bank 639,425 628,072
Current operating lease liabilities 53,984 52,576
Current portion of long-term debt 264,980 32,764
Advance billings 82,828 105,207
Current income taxes 2,929 2,101
Total current liabilities 1,856,620 1,727,803
Long-term debt 1,884,798 2,172,502
Deferred taxes on income 236,859 263,131
Tax uncertainties and other income tax liabilities 24,745 23,841
Noncurrent operating lease liabilities 254,051 265,696
Other noncurrent liabilities 241,778 227,729
Total liabilities 4,498,851 4,680,702
Commitments and contingencies (See Note 13)
Stockholders’ (deficit) equity:    
Common stock, $1 par value (480,000 shares authorized; 323,338 shares issued) 323,338 323,338
Retained earnings 4,908,641 5,125,677
Accumulated other comprehensive loss (807,993) (835,564)
Treasury stock, at cost (147,557 and 149,307 shares, respectively) (4,499,473) (4,552,798)
Total stockholders’ (deficit) equity (75,487) 60,653
Total liabilities and stockholders’ (deficit) equity $ 4,423,364 $ 4,741,355