CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents (includes $38,851 and $58,817, respectively, reported at fair value)	$ 284,887	$ 469,726
Short-term investments (includes $1,715 and $3,926, respectively, reported at fair value)	12,232	16,374
Accounts and other receivables (net of allowance of $7,507 and $7,723 respectively)	168,099	159,951
Short-term finance receivables (net of allowance of $14,206 and $13,302, respectively)	496,446	535,608
Inventories	66,241	59,836
Current income taxes	3,143	10,429
Other current assets and prepayments (net of allowance of $10,466 and $19,373, respectively)	69,451	66,030
Total current assets	1,100,499	1,317,954
Property, plant and equipment, net	185,913	218,657
Rental property and equipment, net	24,054	24,587
Long-term finance receivables (net of allowance of $4,370 and $8,374, respectively)	605,129	610,316
Goodwill	746,687	721,003
Intangible assets, net	14,741	15,780
Operating lease assets	106,996	113,357
Noncurrent income taxes	95,412	99,773
Other assets (includes $185,111 and $173,539, respectively, reported at fair value)	289,520	276,089
Total assets	3,168,951	3,397,516
Current liabilities:
Accounts payable and accrued liabilities	845,378	873,626
Customer deposits at Pitney Bowes Bank	582,630	645,860
Current operating lease liabilities	28,396	26,912
Current portion of long-term debt	17,150	53,250
Advance billings	69,075	70,131
Current income taxes	5,210	2,948
Total current liabilities	1,547,839	1,672,727
Long-term debt	1,975,888	1,866,458
Deferred taxes on income	72,665	49,187
Tax uncertainties and other income tax liabilities	278	13,770
Noncurrent operating lease liabilities	99,757	100,804
Noncurrent customer deposits at Pitney Bowes Bank	71,000	57,977
Other noncurrent liabilities	203,884	215,026
Total liabilities	3,971,311	3,975,949
Commitments and contingencies (See Note 16)
Stockholders' deficit:
Common stock, $1 par value (480,000 shares authorized; 270,338 shares issued)	270,338	270,338
Retained earnings	2,655,703	2,671,868
Accumulated other comprehensive loss	(789,132)	(839,171)
Treasury stock, at cost (119,634 and 87,932 shares, respectively)	(2,939,269)	(2,681,468)
Total stockholders’ deficit	(802,360)	(578,433)
Total liabilities and stockholders’ deficit	$ 3,168,951	$ 3,397,516

PITNEY BOWES INC /DE/ 10-K