Pitney Bowes Inc. (PBI) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9401,0409271,0588037681,111
Cash and cash equivalents9219248671,0097656511,079
Short-term investments1911659493811732
Receivables9811,1001,2511,4111,3611,3991,455
Inventory, net of allowances, customer advances and progress billings66684290938985
Inventory66684290938985
Contract with customer, asset  16
Disposal group, including discontinued operation 175   52
Other undisclosed current assets120118378696457
Total current assets:2,1072,2362,3242,6372,3252,3202,760
Noncurrent Assets
Finance lease, right-of-use asset24 
Operating lease, right-of-use asset202201
Property, plant and equipment391376410379315330285
Long-term investments and receivables6056255926526737631,144
Long-term investments      324
Accounts and financing receivable, after allowance for credit loss605625592652673763820
Intangible assets, net (including goodwill)1,3121,5151,9942,2251,7371,9331,755
Goodwill1,1521,3241,7671,9521,5711,7461,673
Intangible assets, net (excluding goodwill)16019122727216518782
Contract with customer, asset, net  13
Customer funds      (661)
Deferred costs  174649 149
Deferred income tax assets7372
Other noncurrent assets492400413541525544569
Other undisclosed noncurrent assets1441209200214251484
Total noncurrent assets:3,1133,2313,6494,0423,5123,8223,726
TOTAL ASSETS:5,2205,4675,9736,6795,8376,1416,486
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8811,3851,4021,4871,3791,4481,559
Accounts payable295282286302294302269
Employee-related liabilities232220230260206256320
Taxes payable317159341790
Other undisclosed accounts payable and accrued liabilities350866871916845874880
Deferred revenue221102
Debt21620200271614461325
Disposal group, including discontinued operation 103    
Customer advances and deposits288300353387
Contract with customer, liability185
Other undisclosed current liabilities55353679341790
Total current liabilities:1,8701,5701,8572,0552,3282,2792,361
Noncurrent Liabilities
Long-term debt and lease obligation2,5292,8973,0663,5592,7502,5082,927
Long-term debt, excluding current maturities2,3482,7203,0663,5592,7502,5082,927
Operating lease, liability180178
Liabilities, other than long-term debt755714527641863879824
Contract with customer, liability13
Deferred tax liabilities, net  20420665
Deferred income tax liabilities279274
Liability for uncertainty in income taxes383940117616886
Other liabilities437401475525597605673
Other undisclosed noncurrent liabilities  283235   
Total noncurrent liabilities:3,2833,6113,8764,4353,6133,3873,751
Total liabilities:5,1545,1815,7336,4905,9415,6666,112
Stockholders' equity
Stockholders' equity attributable to parent, including:66286239189(104)17977
Preferred stock  00000
Common stock323323323323323323323
Treasury stock, value(4,688)(4,735)(4,674)(4,711)(4,743)(4,573)(4,477)
Additional paid in capital6999121138148161179
Accumulated other comprehensive loss(839)(840)(948)(792)(940)(889)(846)
Retained earnings5,2015,4395,4175,2305,1085,1564,898
Other undisclosed stockholders' equity attributable to parent  00011
Stockholders' equity attributable to noncontrolling interest     296296
Total stockholders' equity:66286239189(104)475374
TOTAL LIABILITIES AND EQUITY:5,2205,4675,9736,6795,8376,1416,486

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues3,5543,2053,5223,5503,4073,5783,822
Revenue, net1,4551,2401,2431,263
Cost of revenue(2,406)(1,922)(1,893)(1,723)(1,515)(1,559)(1,681)
Cost of goods and services sold   (1,248)(1,046)(1,067)(1,143)
Gross profit:1,1481,2831,6291,8271,8922,0192,141
Operating expenses  (1,417)(1,544)(1,646)(1,409)(1,710)
Other operating income (expense), net(8)(24)(8)(4)(1)95(91)
Other expenses      (46)
Other nonrecurring (income) expense(8)(24)(8)(4)(1)95(46)
Operating income:1,1401,259204279246706340
Nonoperating income
(Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost Component)
24     
Interest and debt expense(106)(111)(111)(113)(89)(88)(95)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(1,221)(1,125)11911790(7)187
Income (loss) from continuing operations before income taxes:(185)27212283246611431
Income tax expense (benefit)(7)13(12)(22)(132)(190)(113)
Income (loss) from continuing operations:(192)40200261115421318
Income from discontinued operations      20
Income (loss) before gain (loss) on sale of properties:(192)40200261115421338
Other undisclosed net income (loss) 15424 (3)514
Net income (loss):(192)195224261112426352
Net loss attributable to noncontrolling interest    (19)(18)(18)
Other undisclosed net income attributable to parent10      
Net income (loss) attributable to parent:(182)19522426193408334
Preferred stock dividends and other adjustments   (0)(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic (0)(0)    
Net income (loss) available to common stockholders, basic:(182)19522426193408334
Convertible preferred dividends 00    
Other undisclosed net income available to common stockholders, diluted   0000
Net income (loss) available to common stockholders, diluted:(182)19522426193408334

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(192)195224261112426352
Other comprehensive income (loss)1109(40)148(51)(42)(272)
Comprehensive income (loss):(191)3031844096038481
Other undisclosed comprehensive income (loss), net of tax, attributable to parent10   (19)(18)(18)
Comprehensive income (loss), net of tax, attributable to parent:(181)3031844094136562

Statements sources

The financial statements are based on the company's filings with the 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.

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