Quarterly Financial Data (unaudited)

12 Months Ended

Dec. 31, 2012

Segment Reporting [Abstract]

Quarterly Financial Data (unaudited)

Quarterly Financial Data (unaudited)

The following table sets forth selected unaudited quarterly data for the years ended December 31, 2012 and 2011. The amounts in the tables below have been revised from the amounts previously filed to reflect the results of IMS as a discontinued operation (see Note 18). The sum of the quarterly earnings per share amounts may not equal the quarterly total or annual amount due to rounding.

	First Quarter		Second Quarter			Third Quarter			Fourth Quarter		Total
2012
Revenue	$	1,220,136	$	1,213,356		$	1,183,216		$	1,287,307	$	4,904,015
Cost and expenses	1,059,107		1,055,241			1,045,515			1,139,539		4,299,402
Income from continuing operations	161,029		158,115			137,701			147,768		604,613
Provision for income taxes	15,493		52,765			37,823			44,224		150,305
Income from continuing operations	145,536		105,350			99,878			103,544		454,308
Gain (loss) from discontinued operations	17,728		(1,133		)	(18,751		)	11,387		9,231
Net income before attribution of noncontrolling interests	163,264		104,217			81,127			114,931		463,539
Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests	4,594		4,594			4,594			4,594		18,376
Net income - Pitney Bowes Inc.	$	158,670	$	99,623		$	76,533		$	110,337	$	445,163
Amounts attributable to common stockholders:
Income from continuing operations	$	140,942	$	100,756		$	95,284		$	98,950	$	435,932
Gain from discontinued operations	17,728		(1,133		)	(18,751		)	11,387		9,231
Net income - Pitney Bowes Inc.	$	158,670	$	99,623		$	76,533		$	110,337	$	445,163
Basic earnings per share attributable to common stockholders:
Continuing operations	$	0.70	$	0.50		$	0.48		$	0.49	$	2.18
Discontinued operations	0.09		(0.01		)	(0.09		)	0.06		0.05
Net income - Pitney Bowes Inc.	$	0.79	$	0.50		$	0.38		$	0.55	$	2.22
Diluted earnings per share attributable to common stockholders:
Continuing operations	$	0.70	$	0.50		$	0.47		$	0.49	$	2.16
Discontinued operations	0.09		(0.01		)	(0.09		)	0.06		0.05
Net income - Pitney Bowes Inc.	$	0.79	$	0.50		$	0.38		$	0.55	$	2.21

	First Quarter			Second Quarter			Third Quarter		Fourth Quarter			Total
2011
Revenue	$	1,279,184		$	1,275,500		$	1,262,757	$	1,305,155		$	5,122,596
Cost and expenses	1,139,147			1,112,937			1,101,815		1,282,156			4,636,055
Income from continuing operations	140,037			162,563			160,942		22,999			486,541
Provision (benefit) for income taxes	43,552			54,190			2,038		(32,170		)	67,610
Income from continuing operations	96,485			108,373			158,904		55,169			418,931
(Loss) gain from discontinued operations	(5,588		)	(2,844		)	18,457		206,899			216,924
Net income before attribution of noncontrolling interests	90,897			105,529			177,361		262,068			635,855
Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests	4,594			4,594			4,593		4,594			18,375
Net income - Pitney Bowes Inc.	$	86,303		$	100,935		$	172,768	$	257,474		$	617,480
Amounts attributable to common stockholders:
Income from continuing operations	$	91,891		$	103,779		$	154,311	$	50,575		$	400,556
(Loss) gain from discontinued operations	(5,588		)	(2,844		)	18,457		206,899			216,924
Net income - Pitney Bowes Inc.	$	86,303		$	100,935		$	172,768	$	257,474		$	617,480
Basic earnings per share attributable to common stockholders:
Continuing operations	$	0.45		$	0.51		$	0.77	$	0.25		$	1.98
Discontinued operations	(0.03		)	(0.01		)	0.09		1.04			1.07
Net income - Pitney Bowes Inc.	$	0.42		$	0.50		$	0.86	$	1.29		$	3.06
Diluted earnings per share attributable to common stockholders:
Continuing operations	$	0.45		$	0.51		$	0.76	$	0.25		$	1.98
Discontinued operations	(0.03		)	(0.01		)	0.09		1.03			1.07
Net income - Pitney Bowes Inc.	$	0.42		$	0.49		$	0.85	$	1.28		$	3.05

As discussed in Note 1, we have revised each of our statements of cash flows by reducing operating cash flows and increasing investing cash flows for the year-to-date periods ended March, June and September 2012 by $25 million, $30 million and $35 million, respectively. We have determined that these adjustments are not material to our consolidated financial statements for any of the affected periods. However, we will reflect these revisions in future Form 10-Q filings as appropriate.