Pitney Bowes Announces First Quarter 2013 Results


Pitney Bowes Inc. Consolidated Balance Sheets (Unaudited in thousands, except per share data)

Assets	March 31, 2013			December 31, 2012
Current assets:
Cash and cash equivalents	$	909,664		$	913,276
Short-term investments		37,712			36,611

Accounts receivable, gross		663,357			748,469
Allowance for doubtful accounts receivable		(15,739	)		(20,219	)
Accounts receivable, net		647,618			728,250

Finance receivables		1,160,865			1,213,776
Allowance for credit losses		(23,774	)		(25,484	)
Finance receivables, net		1,137,091			1,188,292

Inventories		167,469			179,678
Current income taxes		49,082			51,836
Other current assets and prepayments		113,142			114,184

Total current assets		3,061,778			3,212,127

Property, plant and equipment, net		377,246			385,377
Rental property and equipment, net		236,026			241,192

Finance receivables		993,242			1,041,099
Allowance for credit losses		(13,206	)		(14,610	)
Finance receivables, net		980,036			1,026,489

Investment in leveraged leases		34,236			34,546
Goodwill		2,115,450			2,136,138
Intangible assets, net		153,440			166,214
Non-current income taxes		93,391			94,434
Other assets		564,503			563,374

Total assets	$	7,616,106		$	7,859,891

Liabilities, noncontrolling interests and stockholders' equity
Current liabilities:
Accounts payable and accrued liabilities	$	1,586,957		$	1,809,226
Current income taxes		207,081			240,681
Notes payable and current portion of long-term obligations		375,000			375,000
Advance billings		466,677			452,130

Total current liabilities		2,635,715			2,877,037

Deferred taxes on income		94,883			69,222
Tax uncertainties and other income tax liabilities		144,739			145,881
Long-term debt		3,657,634			3,642,375
Other non-current liabilities		713,578			718,375

Total liabilities		7,246,549			7,452,890

Noncontrolling interests (Preferred stockholders' equity in subsidiaries)		296,370			296,370

Stockholders' equity:
Cumulative preferred stock, $50 par value, 4% convertible		4			4
Cumulative preference stock, no par value, $2.12 convertible		648			648
Common stock, $1 par value		323,338			323,338
Additional paid-in-capital		203,454			223,847
Retained Earnings		4,736,961			4,744,802
Accumulated other comprehensive loss		(711,974	)		(681,213	)
Treasury Stock, at cost		(4,479,244	)		(4,500,795	)

Total Pitney Bowes Inc. stockholders' equity		73,187			110,631

Total liabilities, noncontrolling interests and stockholders' equity	$	7,616,106		$	7,859,891

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 Next Page »