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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Equipment sales $ 163,857 $ 177,458 $ 495,328 $ 558,032
Supplies 71,174 72,548 215,178 228,349
Software 97,700 112,271 283,241 312,891
Rentals 108,420 119,047 333,729 365,069
Financing 99,925 107,835 306,992 325,529
Support services 136,820 154,321 415,615 470,763
Business services 191,645 198,164 591,030 576,958
Total revenue 869,541 941,644 2,641,113 2,837,591
Costs and expenses:        
Cost of equipment sales 78,650 90,984 232,706 262,336
Cost of supplies 21,629 22,470 65,912 70,129
Cost of software 27,219 29,775 85,584 93,423
Cost of rentals 21,423 23,636 63,127 74,273
Financing interest expense 17,533 19,667 54,171 59,733
Cost of support services 79,747 92,500 244,853 288,203
Cost of business services 130,004 142,512 405,559 406,472
Selling, general and administrative 309,211 341,738 939,318 1,031,497
Research and development 29,153 26,060 83,693 80,901
Restructuring charges and asset impairments, net 36 4,526 14,305 22,666
Interest expense, net 20,165 22,158 65,200 67,704
Other (income) expense, net (1,781) (15,919) (94,916) 45,738
Total costs and expenses 732,989 800,107 2,159,512 2,503,075
Income from continuing operations before income taxes 136,552 141,537 481,601 334,516
Provision for income taxes 42,676 25,310 145,574 79,681
Income from continuing operations 93,876 116,227 336,027 254,835
Net income 93,876 136,882 335,445 285,008
Less: Preferred stock dividends attributable to noncontrolling interests 4,594 4,593 13,781 13,781
Net income attributable to Pitney Bowes Inc. 89,282 132,289 321,664 271,227
Amounts attributable to common stockholders:        
Net income from continuing operations 89,282 111,634 322,246 241,054
Income (loss) from discontinued operations, net of tax 0 20,655 (582) 30,173
Net income attributable to Pitney Bowes Inc. $ 89,282 $ 132,289 $ 321,664 $ 271,227
Basic earnings per share attributable to common stockholders:        
Continuing operations (in dollars per share) [1],[2] $ 0.45 $ 0.55 $ 1.60 $ 1.19
Discontinued operations (in dollars per share) [1],[2] 0.00 0.10 0.00 0.15
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1],[2] 0.45 0.65 1.60 1.34
Diluted earnings per share attributable to common stockholders:        
Continuing operations (in dollars per share) [1],[2] 0.44 0.55 1.60 1.18
Discontinued operations (in dollars per share) [1],[2] 0.00 0.10 0.00 0.15
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1],[2] 0.44 0.65 1.59 1.33
Dividends declared per share of common stock (in dollars per share) $ 0.1875 $ 0.1875000 $ 0.5625000 $ 0.5625000
[1] The sum of earnings per share amounts may not equal the totals due to rounding.
[2] The sum of earnings per share amounts may not equal the totals due to rounding.