XML 41 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Revenue:    
Equipment sales $ 189,056 $ 196,767
Supplies 79,517 73,218
Software 91,555 87,012
Rentals 123,579 129,114
Financing 110,050 113,887
Support services 158,252 162,589
Business services 185,488 146,776
Total revenue 937,497 909,363
Costs and expenses:    
Cost of equipment sales 82,534 94,543
Cost of supplies 24,154 22,846
Cost of software 30,164 24,791
Cost of rentals 25,444 26,398
Financing interest expense 19,653 19,019
Cost of support services 98,981 102,529
Cost of business services 128,936 102,355
Selling, general and administrative 351,375 351,654
Research and development 26,192 29,251
Restructuring charges 9,841 0
Interest expense, net 24,064 28,991
Other expense 61,657 25,121
Total costs and expenses 882,995 827,498
Income from continuing operations before income taxes 54,502 81,865
Provision for income taxes 8,036 17,795
Income from continuing operations 46,466 64,070
Net income 49,267 72,100
Less: Preferred stock dividends attributable to noncontrolling interests 4,594 4,594
Net income attributable to Pitney Bowes Inc. 44,673 67,506
Amounts attributable to common stockholders:    
Net income from continuing operations 41,872 59,476
Income from discontinued operations, net of tax 2,801 8,030
Net income attributable to Pitney Bowes Inc. $ 44,673 $ 67,506
Basic earnings per share attributable to common stockholders:    
Continuing operations $ 0.21 $ 0.30
Discontinued operations $ 0.01 $ 0.04
Net income attributable to Pitney Bowes Inc. $ 0.22 $ 0.34
Diluted earnings per share attributable to common stockholders:    
Continuing operations $ 0.21 $ 0.29
Discontinued operations $ 0.01 $ 0.04
Net income attributable to Pitney Bowes Inc. $ 0.22 $ 0.33