Pitney Bowes 2010 Annual Report Download - page 58

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39
PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
December 31, 2010 December 31, 2009
ASSETS
Current assets:
Cash and cash equivalents $ 484,363 $ 412,737
Short-term investments 30,609 14,682
Accounts receivables, gross 824,015 859,633
Allowance for doubtful accounts receivables (31,880) (42,781)
Accounts receivables, net 792,135 816,852
Finance receivables 1,370,305 1,417,708
Allowance for credit losses (48,709) (46,790)
Finance receivables, net 1,321,596 1,370,918
Inventories 168,967 156,502
Current income taxes 103,542 101,248
Other current assets and prepayments 107,029 98,297
Total current assets 3,008,241 2,971,236
Property, plant and equipment, net 426,501 514,904
Rental property and equipment, net 300,170 360,207
Finance receivables 1,265,220 1,380,810
Allowance for credit losses (20,721) (25,368)
Finance receivables, net 1,244,499 1,355,442
Investment in leveraged leases 251,006 233,359
Goodwill 2,306,793 2,286,904
Intangible assets, net 297,443 316,417
Non-current income taxes 130,601 145,388
Other assets 478,769 387,182
Total assets $ 8,444,023 $ 8,571,039
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and accrued liabilities $ 1,825,261 $ 1,748,254
Current income taxes 192,924 144,385
Notes payable and current portion of long-term obligations 53,494 226,022
Advance billings 481,900 447,786
Total current liabilities 2,553,579 2,566,447
Deferred taxes on income 261,118 347,402
Tax uncertainties and other income tax liabilities 536,531 525,253
Long-term debt 4,239,248 4,213,640
Other non-current liabilities 653,758 625,079
Total liabilities 8,244,234 8,277,821
Noncontrolling interests (Preferred stockholders’ equity in subsidiaries) 296,370 296,370
Commitments and contingencies (See Note 15)
Stockholders’ deficit:
Cumulative preferred stock, $50 par value, 4% convertible 4 4
Cumulative preference stock, no par value, $2.12 convertible 752 868
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued) 323,338 323,338
Additional paid-in capital 250,928 256,133
Retained earnings 4,282,316 4,291,393
Accumulated other comprehensive loss (473,806) (459,792)
Treasury stock, at cost (119,906,910 and 116,140,084 shares, respectively) (4,480,113) (4,415,096)
Total Pitney Bowes Inc. stockholders’ deficit (96,581) (3,152)
Total liabilities, noncontrolling interests and stockholders’ deficit $ 8,444,023 $ 8,571,039
See Notes to Consolidated Financial Statements