DELUXE CORP
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
DLX$26.59+2.5%Stored close · as of Nov 10, 2026
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Consolidated Balance Sheets
DELUXE CORPORATIONCONSOLIDATED BALANCE SHEETS
| (in thousands, except share par value) | December 31,2024 | December 31,2023 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents, including securities carried at fair value of $0 and $22,000, respectively | $34,399 | $71,962 |
| Trade accounts receivable, net of allowance for credit losses | 174,076 | 191,005 |
| Inventories and supplies, net of reserve | 36,393 | 42,088 |
| Settlement processing assets | 271,876 | 383,134 |
| Prepaid expenses | 32,751 | 30,116 |
| Revenue in excess of billings | 26,741 | 26,107 |
| Other current assets | 35,403 | 16,576 |
| Total current assets | 611,639 | 760,988 |
| Deferred income taxes | 6,969 | 8,694 |
| Long-term investments | 61,025 | 61,924 |
| Property, plant and equipment, net of accumulated depreciation | 111,587 | 116,539 |
| Operating lease assets | 49,382 | 58,961 |
| Intangibles, net of accumulated amortization | 331,053 | 391,744 |
| Goodwill | 1,422,737 | 1,430,590 |
| Other non-current assets | 236,644 | 251,182 |
| Total assets | $2,831,036 | $3,080,622 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $164,878 | $154,863 |
| Settlement processing obligations | 273,915 | 386,622 |
| Accrued liabilities | 149,593 | 191,427 |
| Current portion of long-term debt | 37,130 | 86,153 |
| Total current liabilities | 625,516 | 819,065 |
| Long-term debt | 1,466,021 | 1,506,698 |
| Operating lease liabilities | 48,982 | 58,840 |
| Deferred income taxes | 2,104 | 22,649 |
| Other non-current liabilities | 67,495 | 68,754 |
| Commitments and contingencies (Notes 10, 14 and 15) | ||
| Shareholders’ equity: | ||
| Common shares $1 par value (authorized: 500,000 shares; outstanding: December 31, 2024 – 44,315; December 31, 2023 – 43,743) | 44,315 | 43,743 |
| Additional paid-in capital | 117,122 | 99,141 |
| Retained earnings | 489,231 | 491,238 |
| Accumulated other comprehensive loss | (29,916) | (30,028) |
| Non-controlling interest | 166 | 522 |
| Total shareholders’ equity | 620,918 | 604,616 |
| Total liabilities and shareholders’ equity | $2,831,036 | $3,080,622 |
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