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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 590,147 $ 601,053
Short-term investments (includes $1,752 and $2,382, respectively, reported at fair value) 21,852 22,166
Accounts and other receivables (net of allowance of $10,079 and $6,139, respectively) 266,172 342,236
Short-term finance receivables (net of allowance of $14,418 and $14,347, respectively) 541,957 563,536
Inventories 76,500 70,053
Current income taxes 7,850 564
Other current assets and prepayments 101,263 92,309
Total current assets 1,605,741 1,691,917
Property, plant and equipment, net 359,452 383,628
Rental property and equipment, net 22,334 23,583
Long-term finance receivables (net of allowance of $8,341 and $8,880 respectively) 625,734 653,085
Goodwill 727,613 734,409
Intangible assets, net 54,339 62,250
Operating lease assets 297,638 309,958
Noncurrent income taxes 58,063 60,995
Other assets (includes $209,711 and $227,131, respectively, reported at fair value) 327,488 352,360
Total assets 4,078,402 4,272,185
Current liabilities:    
Accounts payable and accrued liabilities 843,148 875,476
Customer deposits at Pitney Bowes Bank 628,711 640,323
Current operating lease liabilities 61,143 60,069
Current portion of long-term debt 57,290 58,931
Advance billings 86,339 89,087
Current income taxes 1,556 6,523
Total current liabilities 1,678,187 1,730,409
Long-term debt 2,065,034 2,087,101
Deferred taxes on income 193,835 211,477
Tax uncertainties and other income tax liabilities 14,538 19,091
Noncurrent operating lease liabilities 263,758 277,981
Other noncurrent liabilities 290,939 314,702
Total liabilities 4,506,291 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 2,948,959 3,077,988
Accumulated other comprehensive loss (865,523) (851,245)
Treasury stock, at cost (91,217 and 93,972 shares, respectively) (2,781,663) (2,865,657)
Total stockholders’ deficit (427,889) (368,576)
Total liabilities and stockholders’ deficit $ 4,078,402 $ 4,272,185