Company: DLX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0000027996-25-000163
Chunk: 6

Company: DELUXE CORP
Filing Date: 2025-08-07
Form: 10-Q
Item: Item 1
Chunk 6
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DELUXE CORPORATIONCONSOLIDATED BALANCE SHEETS(unaudited)

(in thousands, except share par value)June 30,2025December 31,2024ASSETS  Current assets:  Cash and cash equivalents$26,000 $34,399 Trade accounts receivable, net of allowance for credit losses176,949 174,076 Inventories and supplies, net of reserve33,739 36,393 Settlement processing assets12,364 271,876 Prepaid expenses36,379 32,751 Revenue in excess of billings29,103 26,741 Other current assets31,187 35,403 Total current assets345,721 611,639 Deferred income taxes14,569 6,969 Long-term investments55,651 61,025 Property, plant and equipment, net of accumulated depreciation of $366,580 and $354,832, respectively104,294 111,587 Operating lease assets45,471 49,382 Intangibles, net of accumulated amortization of $671,983 and $616,817, respectively314,110 331,053 Goodwill1,422,800 1,422,737 Other non-current assets232,418 236,644 Total assets$2,535,034 $2,831,036 LIABILITIES AND SHAREHOLDERS’ EQUITY  Current liabilities:  Accounts payable$160,283 $164,878 Settlement processing obligations14,250 273,915 Accrued liabilities155,147 149,593 Current portion of long-term debt37,189 37,130 Total current liabilities366,869 625,516 Long-term debt1,433,459 1,466,021 Operating lease liabilities43,612 48,982 Deferred income taxes— 2,104 Other non-current liabilities52,426 67,495 Commitments and contingencies (Note 12)Shareholders' equity:  Common shares $1 par value (authorized: 500,000 shares; outstanding: June 30, 2025 – 44,885; December 31, 2024 – 44,315)44,885 44,315 Additional paid-in capital124,364 117,122 Retained earnings498,128 489,231 Accumulated other comprehensive loss(