Pitney Bowes 2012 Annual Report Download - page 55

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PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
37
December 31,
2012
December 31,
2011
ASSETS
Current assets:
Cash and cash equivalents $ 913,276 $ 856,238
Short-term investments 36,611 12,971
Accounts receivable (net of allowance of $20,219 and $25,667, respectively) 728,250 723,630
Short-term finance receivables (net of allowance of $25,484 and $45,583, respectively) 1,188,292 1,251,090
Inventories 179,678 178,599
Current income taxes 51,836 102,556
Other current assets and prepayments 114,184 134,774
Total current assets 3,212,127 3,259,858
Property, plant and equipment, net 385,377 404,146
Rental property and equipment, net 241,192 258,711
Long-term finance receivables (net of allowance of $14,610 and $17,847, respectively) 1,026,489 1,105,791
Investment in leveraged leases 34,546 138,271
Goodwill 2,136,138 2,147,088
Intangible assets, net 166,214 212,603
Non-current income taxes 94,434 89,992
Other assets 563,374 530,644
Total assets $ 7,859,891 $ 8,147,104
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities $ 1,809,226 $ 1,840,465
Current income taxes 240,681 242,972
Current portion of long-term obligations 375,000 550,000
Advance billings 452,130 458,425
Total current liabilities 2,877,037 3,091,862
Deferred taxes on income 69,222 175,944
Tax uncertainties and other income tax liabilities 145,881 194,840
Long-term debt 3,642,375 3,683,909
Other non-current liabilities 718,375 743,165
Total liabilities 7,452,890 7,889,720
Noncontrolling interests (Preferred stockholders’ equity in subsidiaries) 296,370 296,370
Commitments and contingencies (See Note 14)
Stockholders’ equity (deficit):
Cumulative preferred stock, $50 par value, 4% convertible 44
Cumulative preference stock, no par value, $2.12 convertible 648 659
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued) 323,338 323,338
Additional paid-in capital 223,847 240,584
Retained earnings 4,744,802 4,600,217
Accumulated other comprehensive loss (681,213) (661,645)
Treasury stock, at cost (122,453,865 and 123,586,842 shares, respectively) (4,500,795) (4,542,143)
Total Pitney Bowes Inc. stockholders’ equity (deficit) 110,631 (38,986)
Total liabilities, noncontrolling interests and stockholders’ equity (deficit) $ 7,859,891 $ 8,147,104
See Notes to Consolidated Financial Statements