Pitney Bowes Inc. (PBI) Financial Statements (2023 and Earlier)

Company Profile

Business Address PITNEY BOWES INC
STAMFORD, CT 06926-0700
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3579 - Office Machines, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments7479401,0409271,058803768
Cash and cash equivalents7329219248671,009765651
Short-term investments1419116594938117
Receivables9099811,1001,2511,4111,3611,399
Inventory, net of allowances, customer advances and progress billings79666842909389
Inventory79666842909389
Contract with customer, asset   16
Disposal group, including discontinued operation  175   
Other undisclosed current assets1571201183786964
Total current assets:1,8922,1072,2362,3242,6372,3252,320
Noncurrent Assets
Finance lease, right-of-use asset 24 
Operating lease, right-of-use asset208202201
Property, plant and equipment429391376410379315330
Long-term investments and receivables587605625592652673763
Accounts and financing receivable, after allowance for credit loss587605625592652673763
Intangible assets, net (including goodwill)1,2681,3121,5151,9942,2251,7371,933
Goodwill1,1351,1521,3241,7671,9521,5711,746
Intangible assets, net (excluding goodwill)132160191227272165187
Contract with customer, asset, net   13
Deferred costs   174649 
Deferred income tax assets687372
Other noncurrent assets471492400413541525544
Other undisclosed noncurrent assets351441209200214251
Total noncurrent assets:3,0673,1133,2313,6494,0423,5123,822
TOTAL ASSETS:4,9595,2205,4675,9736,6795,8376,141
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:9238811,3851,4021,4871,3791,448
Accounts payable311295282286302294302
Employee-related liabilities234232220230260206256
Taxes payable93171593417
Other undisclosed accounts payable and accrued liabilities369350866871916845874
Deferred revenue192221102
Debt2521620200271614461
Disposal group, including discontinued operation  103   
Customer advances and deposits288300353
Contract with customer, liability185
Other undisclosed current liabilities588553536793417
Total current liabilities:1,7281,8701,5701,8572,0552,3282,279
Noncurrent Liabilities
Long-term debt and lease obligation2,4912,5292,8973,0663,5592,7502,508
Long-term debt, excluding current maturities2,2992,3482,7203,0663,5592,7502,508
Operating lease, liability192180178
Liabilities, other than long-term debt627755714527641863879
Contract with customer, liability13
Deferred tax liabilities, net  204206
Deferred income tax liabilities286279274
Liability for uncertainty in income taxes323839401176168
Other liabilities309437401475525597605
Other undisclosed noncurrent liabilities   283235  
Total noncurrent liabilities:3,1183,2833,6113,8764,4353,6133,387
Total liabilities:4,8465,1545,1815,7336,4905,9415,666
Stockholders' equity
Stockholders' equity attributable to parent, including:11366286239189(104)179
Preferred stock   0000
Common stock323323323323323323323
Treasury stock, value(4,602)(4,688)(4,735)(4,674)(4,711)(4,743)(4,573)
Additional paid in capital26999121138148161
Accumulated other comprehensive loss(780)(839)(840)(948)(792)(940)(889)
Retained earnings5,1695,2015,4395,4175,2305,1085,156
Other undisclosed stockholders' equity attributable to parent   0001
Stockholders' equity attributable to noncontrolling interest      296
Total stockholders' equity:11366286239189(104)475
TOTAL LIABILITIES AND EQUITY:4,9595,2205,4675,9736,6795,8376,141

Income Statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues3,6743,5543,2053,5223,5503,4073,578
Revenue, net1,4551,2401,243
Cost of revenue(2,552)(2,406)(1,922)(1,893)(1,723)(1,515)(1,559)
Cost of goods and services sold    (1,248)(1,046)(1,067)
Gross profit:1,1221,1481,2831,6291,8271,8922,019
Operating expenses   (1,417)(1,544)(1,646)(1,409)
Other operating income (expense), net
(Other Nonrecurring (Income) Expense)
(42)(8)(24)(8)(4)(1)95
Operating income:1,0801,1401,259204279246706
Nonoperating income (expense)
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
(1)24    
Interest and debt expense(97)(106)(111)(111)(113)(89)(88)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (1,221)(1,125)11911790(7)
Income (loss) from continuing operations before equity method investments, income taxes:983(185)27212283246611
Other undisclosed loss from continuing operations before income taxes(990)      
Income (loss) from continuing operations before income taxes:(7)(185)27212283246611
Income tax expense (benefit)11(7)13(12)(22)(132)(190)
Income (loss) before gain (loss) on sale of properties:4(192)40200261115421
Other undisclosed net income (loss)  15424 (3)5
Net income (loss):4(192)195224261112426
Net loss attributable to noncontrolling interest     (19)(18)
Other undisclosed net income (loss) attributable to parent(5)10     
Net income (loss) attributable to parent:(1)(182)19522426193408
Preferred stock dividends and other adjustments    (0)(0)(0)
Other undisclosed net loss available to common stockholders, basic  (0)(0)   
Net income (loss) available to common stockholders, basic:(1)(182)19522426193408
Convertible preferred dividends  00   
Other undisclosed net income available to common stockholders, diluted    000
Net income (loss) available to common stockholders, diluted:(1)(182)19522426193408

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4(192)195224261112426
Other comprehensive income (loss)591109(40)148(51)(42)
Comprehensive income (loss):62(191)30318440960384
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(5)10   (19)(18)
Comprehensive income (loss), net of tax, attributable to parent:57(181)30318440941365

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: