Pitney Bowes 2009 Annual Report Download - page 59

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41
PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31, 2009 December 31, 2008
ASSETS
Current assets:
Cash and cash equivalents $ 412,737 $ 376,671
Short-term investments 14,682 21,551
Accounts receivables, gross 859,633 924,886
Allowance for doubtful accounts receivables (42,781) (45,264)
Accounts receivables, net 816,852 879,622
Finance receivables 1,417,708 1,501,678
Allowance for credit losses (46,790) (45,932)
Finance receivables, net 1,370,918 1,455,746
Inventories 156,502 161,321
Current income taxes 101,248 70,063
Other current assets and prepayments 98,297 78,108
Total current assets 2,971,236 3,043,082
Property, plant and equipment, net 514,904 574,260
Rental property and equipment, net 360,207 397,949
Finance receivables 1,380,810 1,445,822
Allowance for credit losses (25,368) (25,858)
Finance receivables, net 1,355,442 1,419,964
Investment in leveraged leases 233,359 201,921
Goodwill 2,286,904 2,251,830
Intangible assets, net 316,417 375,822
Non-current income taxes 108,260 127,723
Other assets 387,182 417,685
Total assets $ 8,533,911 $ 8,810,236
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities $ 1,748,254 $ 1,922,399
Current income taxes 144,385 91,816
Notes payable and current portion of long-term obligations 226,022 770,501
Advance billings 447,786 441,556
Total current liabilities 2,566,447 3,226,272
Deferred taxes on income 293,459 307,360
Tax uncertainties and other income tax liabilities 525,253 431,031
Long-term debt 4,213,640 3,934,865
Other non-current liabilities 625,079 823,322
Total liabilities 8,223,878 8,722,850
Noncontrolling interests (Preferred stockholders’ equity in subsidiaries) 296,370 374,165
Commitments and contingencies (See Note 15)
Stockholders’ equity (deficit):
Cumulative preferred stock, $50 par value, 4% convertible 4 7
Cumulative preference stock, no par value, $2.12 convertible 868 976
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued) 323,338 323,338
Additional paid-in capital 256,133 259,306
Retained earnings 4,305,794 4,179,904
Accumulated other comprehensive loss (457,378) (596,341)
Treasury stock, at cost (116,140,084 and 117,156,719 shares, respectively) (4,415,096) (4,453,969)
Total Pitney Bowes Inc. stockholders’ equity (deficit) 13,663 (286,779)
Total liabilities, noncontrolling interests and stockholders’ equity (deficit) $ 8,533,911 $ 8,810,236
See Notes to Consolidated Financial Statements