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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Equipment sales $ 173,143 $ 163,857 $ 485,145 $ 495,328
Supplies 61,306 71,174 198,631 215,178
Software 89,087 97,700 257,760 283,241
Rentals 102,747 108,420 309,706 333,729
Financing 87,883 99,925 276,915 306,992
Support services 123,954 136,820 383,632 415,615
Business services 200,911 191,645 607,717 591,030
Total revenue 839,031 869,541 2,519,506 2,641,113
Costs and expenses:        
Cost of equipment sales 86,147 78,650 235,741 232,706
Cost of supplies 20,348 21,629 60,662 65,912
Cost of software 25,698 27,219 79,496 85,584
Cost of rentals 16,041 21,423 54,951 63,127
Financing interest expense 12,965 17,533 41,375 54,171
Cost of support services 74,799 79,747 224,790 244,853
Cost of business services 140,989 130,004 417,357 405,559
Selling, general and administrative 300,983 309,211 916,445 939,318
Research and development 28,680 29,153 89,761 83,693
Restructuring charges and asset impairments, net 16,494 36 49,503 14,305
Interest expense, net 22,294 20,165 62,394 65,200
Other (income) expense, net 0 (1,781) 536 (94,916)
Total costs and expenses 745,438 732,989 2,233,011 2,159,512
Income from continuing operations before income taxes 93,593 136,552 286,495 481,601
Provision for income taxes 23,197 42,676 93,615 145,574
Income from continuing operations 70,396 93,876 192,880 336,027
Net income 70,105 93,876 190,929 335,445
Less: Preferred stock dividends attributable to noncontrolling interests 4,593 4,594 13,781 13,781
Net income attributable to Pitney Bowes Inc. 65,512 89,282 177,148 321,664
Amounts attributable to common stockholders:        
Net income from continuing operations 65,803 89,282 179,099 322,246
Loss from discontinued operations, net of tax (291) 0 (1,951) (582)
Net income attributable to Pitney Bowes Inc. $ 65,512 $ 89,282 $ 177,148 $ 321,664
Basic earnings per share attributable to common stockholders:        
Continuing operations (in dollars per share) $ 0.35 $ 0.45 $ 0.95 $ 1.60
Discontinued operations (in dollars per share) 0.00 0.00 (0.01) 0.00
Net income attributable to Pitney Bowes Inc. (in dollars per share) 0.35 0.45 0.94 1.60
Diluted earnings per share attributable to common stockholders:(1)        
Continuing operations (in dollars per share) [1] 0.35 0.44 0.94 1.60
Discontinued operations (in dollars per share) [1] 0.00 0.00 (0.01) 0.00
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1] 0.35 0.44 0.93 1.59
Dividends declared per share of common stock (in dollars per share) $ 0.1875000 $ 0.1875000 $ 0.5625000 $ 0.5625000
[1] The sum of earnings per share amounts may not equal the totals due to rounding.