Pitney Bowes 2011 Annual Report Download - page 56

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38
PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
December 31, 2011 December 31, 2010
ASSETS
Current assets:
Cash and cash equivalents $ 856,238 $ 484,363
Short-term investments 12,971 30,609
Accounts receivables, gross 755,485 824,015
Allowance for doubtful accounts receivables (31,855) (31,880)
Accounts receivables, net 723,630 792,135
Finance receivables 1,296,673 1,370,305
Allowance for credit losses (45,583) (48,709)
Finance receivables, net 1,251,090 1,321,596
Inventories 178,599 168,967
Current income taxes 102,556 103,542
Other current assets and prepayments 134,774 107,029
Total current assets 3,259,858 3,008,241
Property, plant and equipment, net 404,146 426,501
Rental property and equipment, net 258,711 300,170
Finance receivables 1,123,638 1,265,220
Allowance for credit losses (17,847) (20,721)
Finance receivables, net 1,105,791 1,244,499
Investment in leveraged leases 138,271 251,006
Goodwill 2,147,088 2,306,793
Intangible assets, net 212,603 297,443
Non-current income taxes 89,992 130,601
Other assets 530,644 478,769
Total assets $ 8,147,104 $ 8,444,023
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS' DEFICIT
Current liabilities:
Accounts payable and accrued liabilities $ 1,840,465 $ 1,828,755
Current income taxes 242,972 192,924
Notes payable and current portion of long-term obligations 550,000 50,000
Advance billings 458,425 481,900
Total current liabilities 3,091,862 2,553,579
Deferred taxes on income 175,944 261,118
Tax uncertainties and other income tax liabilities 194,840 536,531
Long-term debt 3,683,909 4,239,248
Other non-current liabilities 743,165 653,758
Total liabilities 7,889,720 8,244,234
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 659 752
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued) 323,338 323,338
Additional paid-in capital 240,584 250,928
Retained earnings 4,600,217 4,282,316
Accumulated other comprehensive loss (661,645) (473,806)
Treasury stock, at cost (123,586,842 and 119,906,910 shares, respectively) (4,542,143) (4,480,113)
Total Pitney Bowes Inc. stockholders’ deficit (38,986) (96,581)
Total liabilities, noncontrolling interests and stockholders’ deficit $ 8,147,104 $ 8,444,023
See Notes to Consolidated Financial Statements