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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 469,726 $ 600,054
Short-term investments (includes $3,926 and $2,382, respectively, reported at fair value) 16,374 22,166
Accounts and other receivables (net of allowance of $7,723 and $5,292 respectively) 159,951 200,242
Short-term finance receivables (net of allowance of $13,302 and $14,347, respectively) 535,608 563,536
Inventories 59,836 63,048
Current income taxes 10,429 564
Other current assets and prepayments (net of allowance of $19,373 as of December 31, 2024) 66,030 76,039
Assets of discontinued operations 0 532,441
Total current assets 1,317,954 2,058,090
Property, plant and equipment, net 218,657 254,078
Rental property and equipment, net 24,587 23,583
Long-term finance receivables (net of allowance of $8,374 and $8,880, respectively) 610,316 653,085
Goodwill 721,003 734,409
Intangible assets, net 15,780 20,400
Operating lease assets 113,357 126,492
Noncurrent income taxes 99,773 60,995
Other assets (includes $173,525 and $227,131, respectively, reported at fair value) 276,089 341,053
Total assets 3,397,516 4,272,185
Current liabilities:    
Accounts payable and accrued liabilities 873,626 829,419
Customer deposits at Pitney Bowes Bank 645,860 640,323
Current operating lease liabilities 26,912 29,882
Current portion of long-term debt 53,250 58,931
Advance billings 70,131 76,258
Current income taxes 2,948 6,523
Liabilities of discontinued operations 0 257,106
Total current liabilities 1,672,727 1,898,442
Long-term debt 1,866,458 2,087,101
Deferred taxes on income 49,187 211,477
Tax uncertainties and other income tax liabilities 13,770 19,091
Noncurrent operating lease liabilities 100,804 126,568
Noncurrent customer deposits at Pitney Bowes Bank 57,977 73,972
Other noncurrent liabilities 215,026 224,110
Total liabilities 3,975,949 4,640,761
Commitments and contingencies (See Note 16)
Stockholders' deficit:    
Common stock, $1 par value (480,000 shares authorized; 270,338 shares issued) 270,338 270,338
Retained earnings 2,671,868 3,077,988
Accumulated other comprehensive loss (839,171) (851,245)
Treasury stock, at cost (87,932 and 93,972 shares, respectively) (2,681,468) (2,865,657)
Total stockholders’ deficit (578,433) (368,576)
Total liabilities and stockholders’ deficit $ 3,397,516 $ 4,272,185