Pitney Bowes 2013 Annual Report Download - page 51

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PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
40
December 31,
2013
December 31,
2012
ASSETS
Current assets:
Cash and cash equivalents $ 907,806 $ 913,276
Short-term investments 31,128 36,611
Accounts receivable (net of allowance of $13,149 and $20,219, respectively) 469,800 728,250
Short-term finance receivables (net of allowance of $24,340 and $25,484, respectively) 1,102,921 1,188,292
Inventories 103,580 179,678
Current income taxes 28,934 51,836
Other current assets and prepayments 147,067 114,184
Assets held for sale 46,976 —
Total current assets 2,838,212 3,212,127
Property, plant and equipment, net 245,171 385,377
Rental property and equipment, net 226,146 241,192
Long-term finance receivables (net of allowance of $12,609 and $14,610, respectively) 962,363 1,026,489
Investment in leveraged leases 34,410 34,546
Goodwill 1,734,871 2,136,138
Intangible assets, net 120,387 166,214
Non-current income taxes 73,751 94,434
Other assets 537,397 563,374
Total assets $ 6,772,708 $ 7,859,891
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 1,644,582 $ 1,809,226
Current income taxes 157,340 240,681
Current portion of long-term obligations —375,000
Advance billings 425,833 452,130
Total current liabilities 2,227,755 2,877,037
Deferred taxes on income 60,667 69,222
Tax uncertainties and other income tax liabilities 186,452 145,881
Long-term debt 3,346,295 3,642,375
Other non-current liabilities 466,766 718,375
Total liabilities 6,287,935 7,452,890
Noncontrolling interests (Preferred stockholders’ equity in subsidiaries) 296,370 296,370
Commitments and contingencies (See Note 15)
Stockholders’ equity:
Cumulative preferred stock, $50 par value, 4% convertible 44
Cumulative preference stock, no par value, $2.12 convertible 591 648
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued) 323,338 323,338
Additional paid-in capital 196,977 223,847
Retained earnings 4,698,791 4,744,802
Accumulated other comprehensive loss (574,556) (681,213)
Treasury stock, at cost (121,255,390 and 122,453,865 shares, respectively) (4,456,742) (4,500,795)
Total Pitney Bowes Inc. stockholders’ equity 188,403 110,631
Total liabilities, noncontrolling interests and stockholders’ equity $ 6,772,708 $ 7,859,891
See Notes to Consolidated Financial Statements