Pitney Bowes 2014 Annual Report Download - page 49

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PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
39
December 31,
2014
December 31,
2013
ASSETS
Current assets:
Cash and cash equivalents $ 1,079,145 $ 907,806
Short-term investments 32,121 31,128
Accounts receivable (net of allowance of $10,742 and $13,149 respectively) 413,737 469,800
Short-term finance receivables (net of allowance of $19,108 and $24,340, respectively) 1,000,304 1,102,921
Inventories 84,827 103,580
Current income taxes 40,542 28,934
Other current assets and prepayments 57,173 147,067
Assets held for sale 52,271 46,976
Total current assets 2,760,120 2,838,212
Property, plant and equipment, net 285,091 245,171
Rental property and equipment, net 200,380 226,146
Long-term finance receivables (net of allowance of $9,002 and $12,609, respectively) 819,721 962,363
Goodwill 1,672,721 1,734,871
Intangible assets, net 82,173 120,387
Non-current income taxes 96,377 73,751
Other assets 569,110 571,807
Total assets $ 6,485,693 $ 6,772,708
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 1,558,731 $ 1,644,582
Current income taxes 90,167 157,340
Current portion of long-term obligations 324,879 —
Advance billings 386,846 425,833
Total current liabilities 2,360,623 2,227,755
Deferred taxes on income 64,839 39,701
Tax uncertainties and other income tax liabilities 86,127 190,645
Long-term debt 2,927,127 3,346,295
Other non-current liabilities 673,348 466,766
Total liabilities 6,112,064 6,271,162
Noncontrolling interests (Preferred stockholders’ equity in subsidiaries) 296,370 296,370
Commitments and contingencies (See Note 16)
Stockholders’ equity:
Cumulative preferred stock, $50 par value, 4% convertible 14
Cumulative preference stock, no par value, $2.12 convertible 548 591
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued) 323,338 323,338
Additional paid-in capital 178,852 196,977
Retained earnings 4,897,708 4,715,564
Accumulated other comprehensive loss (846,156) (574,556)
Treasury stock, at cost (122,309,948 and 121,255,390 shares, respectively) (4,477,032) (4,456,742)
Total Pitney Bowes Inc. stockholders’ equity 77,259 205,176
Total liabilities, noncontrolling interests and stockholders’ equity $ 6,485,693 $ 6,772,708
See Notes to Consolidated Financial Statements