Pitney Bowes 2015 Annual Report Download - page 58

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PITNEY BOWES INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
42
December 31,
2015
December 31,
2014
ASSETS
Current assets:
Cash and cash equivalents $ 650,557 $ 1,054,118
Short-term investments 117,021 49,135
Accounts receivable (net of allowance of $9,262 and $10,742, respectively) 457,327 437,275
Short-term finance receivables (net of allowance of $15,514 and $19,108, respectively) 935,170 1,000,304
Inventories 88,824 84,827
Current income taxes 6,584 28,584
Other current assets and prepayments 64,325 57,173
Assets held for sale —52,271
Total current assets 2,319,808 2,763,687
Property, plant and equipment, net 330,088 285,091
Rental property and equipment, net 180,662 200,380
Long-term finance receivables (net of allowance of $6,249 and $9,002, respectively) 763,054 819,721
Goodwill 1,745,957 1,672,721
Intangible assets, net 187,378 82,173
Noncurrent income taxes 70,294 98,806
Other assets 544,221 577,123
Total assets $ 6,141,462 $ 6,499,702
LIABILITIES, NONCONTROLLING INTERESTS AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued liabilities $ 1,448,321 $ 1,572,971
Current income taxes 16,620 30,527
Current portion of long-term obligations 461,085 324,879
Advance billings 353,025 386,846
Total current liabilities 2,279,051 2,315,223
Deferred taxes on income 205,668 114,950
Tax uncertainties and other income tax liabilities 68,429 86,127
Long-term debt 2,507,912 2,927,127
Other noncurrent liabilities 605,310 682,646
Total liabilities 5,666,370 6,126,073
Noncontrolling interests (Preferred stockholders’ equity in subsidiaries) 296,370 296,370
Commitments and contingencies (See Note 17)
Stockholders’ equity:
Cumulative preferred stock, $50 par value, 4% convertible 11
Cumulative preference stock, no par value, $2.12 convertible 505 548
Common stock, $1 par value (480,000,000 shares authorized; 323,337,912 shares issued) 323,338 323,338
Additional paid-in capital 161,280 178,852
Retained earnings 5,155,537 4,897,708
Accumulated other comprehensive loss (888,635) (846,156)
Treasury stock, at cost (127,816,704 and 122,309,948 shares, respectively) (4,573,305) (4,477,032)
Total Pitney Bowes Inc. stockholders’ equity 178,721 77,259
Total liabilities, noncontrolling interests and stockholders’ equity $ 6,141,461 $ 6,499,702
See Notes to Consolidated Financial Statements