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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 516,092 $ 601,053
Short-term investments (includes $1,858 and $2,382, respectively, reported at fair value) 21,859 22,166
Accounts and other receivables (net of allowance of $8,948 and $6,139, respectively) 307,201 342,236
Short-term finance receivables (net of allowance of $13,536 and $14,347, respectively) 547,235 563,536
Inventories 78,683 70,053
Current income taxes 987 564
Other current assets and prepayments 110,041 92,309
Total current assets 1,582,098 1,691,917
Property, plant and equipment, net 370,110 383,628
Rental property and equipment, net 22,580 23,583
Long-term finance receivables (net of allowance of $8,432 and $8,880 respectively) 638,380 653,085
Goodwill 729,291 734,409
Intangible assets, net 58,277 62,250
Operating lease assets 304,939 309,958
Noncurrent income taxes 58,884 60,995
Other assets (includes $217,746 and $227,131, respectively, reported at fair value) 338,488 352,360
Total assets 4,103,047 4,272,185
Current liabilities:    
Accounts payable and accrued liabilities 784,020 875,476
Customer deposits at Pitney Bowes Bank 599,976 640,323
Current operating lease liabilities 60,087 60,069
Current portion of long-term debt 58,111 58,931
Advance billings 89,014 89,087
Current income taxes 34,212 6,523
Total current liabilities 1,625,420 1,730,409
Long-term debt 2,076,054 2,087,101
Deferred taxes on income 199,769 211,477
Tax uncertainties and other income tax liabilities 19,054 19,091
Noncurrent operating lease liabilities 272,024 277,981
Other noncurrent liabilities 303,081 314,702
Total liabilities 4,495,402 4,640,761
Commitments and contingencies (See Note 13)
Stockholders’ deficit:    
Common stock, $1 par value (480,000 shares authorized; 270,338 shares issued) 270,338 270,338
Retained earnings 3,027,030 3,077,988
Accumulated other comprehensive loss (863,811) (851,245)
Treasury stock, at cost (92,669 and 93,972 shares, respectively) (2,825,912) (2,865,657)
Total stockholders’ deficit (392,355) (368,576)
Total liabilities and stockholders’ deficit $ 4,103,047 $ 4,272,185