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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 680,727 $ 921,450
Short-term investments, reported at fair value 16,200 18,974
Accounts and other receivables (net of allowance of $20,480 and $18,899, respectively) 327,755 389,240
Short-term finance receivables (net of allowance of $17,866 and $18,012, respectively) 551,061 568,050
Inventories 63,680 65,845
Current income taxes 44,288 23,219
Other current assets and prepayments 124,394 120,145
Total current assets 1,808,105 2,106,923
Property, plant and equipment, net 405,226 391,280
Rental property and equipment, net 37,708 38,435
Long-term finance receivables (net of allowance of $17,608 and $17,857 respectively) 597,012 605,292
Goodwill 1,144,064 1,152,285
Intangible assets, net 152,265 159,839
Operating lease assets 196,843 201,916
Noncurrent income taxes 68,732 72,653
Other assets (includes $383,214 and $355,799, respectively, reported at fair value) 531,226 491,514
Total assets 4,941,181 5,220,137
Current liabilities:    
Accounts payable and accrued liabilities 820,286 880,616
Customer deposits at Pitney Bowes Bank 589,406 617,200
Current operating lease liabilities 39,587 39,182
Current portion of long-term debt 19,972 216,032
Advance billings 118,166 114,550
Current income taxes 6,839 2,880
Total current liabilities 1,594,256 1,870,460
Long-term debt 2,418,885 2,348,361
Deferred taxes on income 282,192 279,451
Tax uncertainties and other income tax liabilities 37,936 38,163
Noncurrent operating lease liabilities 174,798 180,292
Other noncurrent liabilities 413,951 437,015
Total liabilities 4,922,018 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 15,269 68,502
Retained earnings 5,161,029 5,201,195
Accumulated other comprehensive loss (847,538) (839,131)
Treasury stock, at cost (149,600,577 and 151,362,724 shares, respectively) (4,632,935) (4,687,509)
Total stockholders’ equity 19,163 66,395
Total liabilities and stockholders’ equity $ 4,941,181 $ 5,220,137