Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 8

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 1
Chunk 8
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DELUXE CORPORATIONCONSOLIDATED BALANCE SHEETS(unaudited)

(in thousands, except share par value)September 30,2025December 31,2024ASSETS  Current assets:  Cash and cash equivalents$25,803 $34,399 Trade accounts receivable, net of allowance for credit losses189,933 174,076 Inventories and supplies, net of reserve33,910 36,393 Settlement processing assets34,938 271,876 Prepaid expenses37,320 32,751 Revenue in excess of billings35,189 26,741 Other current assets42,100 35,403 Total current assets399,193 611,639 Deferred income taxes4,248 6,969 Long-term investments55,713 61,025 Property, plant and equipment, net of accumulated depreciation of $371,460 and $354,832, respectively103,131 111,587 Operating lease assets43,004 49,382 Intangibles, net of accumulated amortization of $697,431 and $616,817, respectively333,021 331,053 Goodwill1,422,778 1,422,737 Other non-current assets226,310 236,644 Total assets$2,587,398 $2,831,036 LIABILITIES AND SHAREHOLDERS’ EQUITY  Current liabilities:  Accounts payable$155,241 $164,878 Settlement processing obligations36,262 273,915 Accrued liabilities173,726 149,593 Current portion of long-term debt37,215 37,130 Total current liabilities402,444 625,516 Long-term debt1,412,570 1,466,021 Operating lease liabilities40,233 48,982 Deferred income taxes15,355 2,104 Other non-current liabilities52,650 67,495 Commitments and contingencies (Note 12)Shareholders' equity:  Common shares $1 par value (authorized: 500,000 shares; outstanding: September 30, 2025 – 44,965; December 31, 2024 – 44,315)44,965 44,315 Additional paid-in capital130,555 117,122 Retained earnings517,828 489,231 Accumulated other comprehensive