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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue:        
Equipment sales $ 158,625 $ 152,641 $ 321,599 $ 312,002
Supplies 63,228 65,274 130,046 137,325
Software 86,664 90,615 164,531 168,673
Rentals 95,999 102,869 195,869 206,959
Financing 83,653 91,609 169,398 189,032
Support services 115,299 131,418 234,146 259,678
Business services 217,903 201,460 442,422 406,806
Total revenue 821,371 835,886 1,658,011 1,680,475
Costs and expenses:        
Cost of equipment sales 77,189 78,055 146,751 149,594
Cost of supplies 19,909 19,624 41,380 40,314
Cost of software 24,795 26,983 50,103 53,798
Cost of rentals 21,576 18,415 42,238 38,910
Financing interest expense 12,843 13,495 25,817 28,410
Cost of support services 73,190 74,742 146,544 149,991
Cost of business services 153,063 140,830 303,906 276,368
Selling, general and administrative 297,468 289,116 603,771 615,998
Research and development 32,958 34,513 64,814 61,081
Restructuring charges and asset impairments, net 26,927 26,076 29,009 33,009
Interest expense, net 27,600 20,799 53,276 40,100
Total costs and expenses 767,518 742,648 1,507,609 1,487,573
Income before income taxes 53,853 93,238 150,402 192,902
Provision for income taxes 4,952 33,394 36,368 70,418
Income from continuing operations 48,901 59,844 114,034 122,484
Loss from discontinued operations, net of tax 0 (1,660) 0 (1,660)
Net income 48,901 58,184 114,034 120,824
Less: Preferred stock dividends attributable to noncontrolling interests 0 4,594 0 9,188
Net income attributable to Pitney Bowes Inc. 48,901 53,590 114,034 111,636
Amounts attributable to common stockholders:        
Net income from continuing operations 48,901 55,250 114,034 113,296
Loss from discontinued operations, net of tax 0 (1,660) 0 (1,660)
Net income attributable to Pitney Bowes Inc. $ 48,901 $ 53,590 $ 114,034 $ 111,636
Basic earnings per share attributable to common stockholders        
Continuing operations (in dollars per share) [1] $ 0.26 $ 0.29 $ 0.61 $ 0.60
Discontinued operations (in dollars per share) [1] 0.00 (0.01) 0.00 (0.01)
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1] 0.26 0.29 0.61 0.59
Diluted earnings per share attributable to common stockholders        
Continuing operations (in dollars per share) [1] 0.26 0.29 0.61 0.59
Discontinued operations (in dollars per share) [1] 0.00 (0.01) 0.00 (0.01)
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1] 0.26 0.28 0.61 0.59
Dividends declared per share of common stock (in dollars per share) $ 0.1875 $ 0.1875 $ 0.3750 $ 0.3750
[1] The sum of the earnings per share amounts may not equal the totals due to rounding.