XML 17 R2.htm IDEA: XBRL DOCUMENT v3.6.0.2
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
Equipment sales $ 675,451 $ 695,159 $ 770,371
Supplies 262,682 288,103 300,040
Software 348,661 386,506 429,743
Rentals 412,738 441,663 484,629
Financing 366,547 410,035 432,859
Support services 512,820 554,764 625,135
Business services 827,676 801,830 778,727
Total revenue 3,406,575 3,578,060 3,821,504
Costs and expenses:      
Cost of equipment sales 331,942 331,069 365,724
Cost of supplies 81,420 88,802 93,675
Cost of software 105,841 113,580 123,760
Cost of rentals 76,040 84,188 97,338
Financing interest expense 55,241 71,791 78,562
Cost of support services 295,685 322,960 377,003
Cost of business services 568,509 546,201 544,729
Selling, general and administrative 1,200,327 1,279,961 1,378,400
Research and development 121,306 110,156 109,931
Restructuring charges and asset impairments, net 63,296 25,782 84,560
Goodwill impairment 171,092 0 0
Interest expense, net 88,970 87,583 90,888
Other expense (income), net 536 (94,838) 45,738
Total costs and expenses 3,160,205 2,967,235 3,390,308
Income from continuing operations before income taxes 246,370 610,825 431,196
Provision for income taxes 131,819 189,778 112,815
Income from continuing operations 114,551 421,047 318,381
(Loss) income from discontinued operations, net of tax (2,701) 5,271 33,749
Net income 111,850 426,318 352,130
Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests 19,045 18,375 18,375
Net income - Pitney Bowes Inc. 92,805 407,943 333,755
Amounts attributable to common stockholders:      
Net income from continuing operations 95,506 402,672 300,006
(Loss) income from discontinued operations, net of tax (2,701) 5,271 33,749
Net income - Pitney Bowes Inc. $ 92,805 $ 407,943 $ 333,755
Basic earnings per share attributable to common stockholders:      
Continuing operations (in dollars per share) [1] $ 0.51 $ 2.01 $ 1.49
Discontinued operations (in dollars per share) [1] (0.01) 0.03 0.17
Net income - Pitney Bowes Inc. (in dollars per share) [1] 0.49 2.04 1.65
Diluted earnings per share attributable to common stockholders:      
Continuing operations (in dollars per share) [1] 0.51 2.00 1.47
Discontinued operations (in dollars per share) [1] (0.01) 0.03 0.17
Net income - Pitney Bowes Inc. (in dollars per share) [1] 0.49 2.03 1.64
Dividends declared per share of common stock (in dollars per share) $ 0.75 $ 0.75 $ 0.75000
[1] The sum of the earnings per share amounts may not equal the totals due to rounding.