Company: DLX
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000027996-25-000142
Chunk: 8

Company: DELUXE CORP
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 8
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DELUXE CORPORATIONCONSOLIDATED BALANCE SHEETS(unaudited)

(in thousands, except share par value)March 31,2025December 31,2024ASSETS  Current assets:  Cash and cash equivalents$30,316 $34,399 Trade accounts receivable, net of allowance for credit losses173,690 174,076 Inventories and supplies, net of reserve34,509 36,393 Settlement processing assets34,019 271,876 Prepaid expenses35,195 32,751 Revenue in excess of billings28,628 26,741 Other current assets31,265 35,403 Total current assets367,622 611,639 Deferred income taxes9,370 6,969 Long-term investments57,775 61,025 Property, plant and equipment, net of accumulated depreciation of $360,458 and $354,832, respectively107,008 111,587 Operating lease assets47,967 49,382 Intangibles, net of accumulated amortization of $645,057 and $616,817, respectively322,356 331,053 Goodwill1,422,741 1,422,737 Other non-current assets238,978 236,644 Total assets$2,573,817 $2,831,036 LIABILITIES AND SHAREHOLDERS’ EQUITY  Current liabilities:  Accounts payable$175,135 $164,878 Settlement processing obligations35,614 273,915 Accrued liabilities148,836 149,593 Current portion of long-term debt37,163 37,130 Total current liabilities396,748 625,516 Long-term debt1,455,382 1,466,021 Operating lease liabilities46,891 48,982 Deferred income taxes— 2,104 Other non-current liabilities52,332 67,495 Commitments and contingencies (Note 12)Shareholders' equity:  Common shares $1 par value (authorized: 500,000 shares; outstanding: March 31, 2025 – 44,740; December 31, 2024 – 44,315)44,740 44,315 Additional paid-in capital117,846 117,122 Retained earnings489,709 489,231 Accumulated other comprehensive loss(