DELUXE CORP

For the period ended Dec 31, 2023. Filed Feb 22, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 22, 2024

DLX$25.93-2.4%Stored close · as of Nov 9, 2026

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Contents

Consolidated Balance Sheets

DELUXE CORPORATIONCONSOLIDATED BALANCE SHEETS

(in thousands, except share par value)	December 31,2023	December 31,2022
ASSETS
Current assets:
Cash and cash equivalents, including securities carried at fair value of $22,000 and $5,000, respectively	$71,962	$40,435
Trade accounts receivable, net of allowance for credit losses	191,005	206,617
Inventories and supplies, net of reserve	42,088	52,267
Funds held for customers, including securities carried at fair value of $8,126 as of December 31, 2022	383,134	302,291
Prepaid expenses	30,116	36,642
Revenue in excess of billings	26,107	38,761
Other current assets	16,576	27,024
Total current assets	760,988	704,037
Deferred income taxes	8,694	1,956
Long-term investments	61,924	47,783
Property, plant and equipment, net of accumulated depreciation	116,539	124,894
Operating lease assets	58,961	47,132
Intangibles, net of accumulated amortization	391,744	458,979
Goodwill	1,430,590	1,431,385
Other non-current assets	251,182	260,354
Total assets	$3,080,622	$3,076,520
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$154,863	$157,055
Funds held for customers	386,622	305,138
Accrued liabilities	191,427	218,404
Current portion of long-term debt	86,153	71,748
Total current liabilities	819,065	752,345
Long-term debt	1,506,698	1,572,528
Operating lease liabilities	58,840	48,925
Deferred income taxes	22,649	45,510
Other non-current liabilities	68,754	52,988
Commitments and contingencies (Notes 10, 14 and 15)
Shareholders’ equity:
Common shares $1 par value (authorized: 500,000 shares; outstanding: December 31, 2023 – 43,743; December 31, 2022 – 43,204)	43,743	43,204
Additional paid-in capital	99,141	79,234
Retained earnings	491,238	518,635
Accumulated other comprehensive loss	(30,028)	(37,264)
Non-controlling interest	522	415
Total shareholders’ equity	604,616	604,224
Total liabilities and shareholders’ equity	$3,080,622	$3,076,520

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.