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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Equipment sales $ 157,649 $ 173,143 $ 479,248 $ 485,145
Supplies 58,296 61,306 188,342 198,631
Software 99,600 89,087 264,131 257,760
Rentals 95,901 102,747 291,770 309,706
Financing 81,184 87,883 250,582 276,915
Support services 120,479 123,954 354,625 383,632
Business services 229,711 200,911 672,133 607,717
Total revenue 842,820 839,031 2,500,831 2,519,506
Costs and expenses:        
Cost of equipment sales 85,647 86,147 232,398 235,741
Cost of supplies 18,827 20,348 60,207 60,662
Cost of software 25,713 25,698 75,816 79,496
Cost of rentals 20,818 16,041 63,056 54,951
Financing interest expense 12,629 12,965 38,446 41,375
Cost of support services 70,688 74,799 217,232 224,790
Cost of business services 166,984 140,989 470,890 417,357
Selling, general and administrative 304,398 300,983 908,169 916,981
Research and development 32,057 28,680 96,871 89,761
Restructuring charges and asset impairments, net 1,493 16,494 30,502 49,503
Interest expense, net 28,601 22,294 81,877 62,394
Total costs and expenses 767,855 745,438 2,275,464 2,233,011
Income before income taxes 74,965 93,593 225,367 286,495
Provision for income taxes 17,607 23,197 53,975 93,615
Income from continuing operations 57,358 70,396 171,392 192,880
Loss from discontinued operations, net of tax 0 (291) 0 (1,951)
Net income 57,358 70,105 171,392 190,929
Less: Preferred stock dividends attributable to noncontrolling interests 0 4,593 0 13,781
Net income attributable to Pitney Bowes Inc. 57,358 65,512 171,392 177,148
Amounts attributable to common stockholders:        
Net income from continuing operations 57,358 65,803 171,392 179,099
Loss from discontinued operations, net of tax 0 (291) 0 (1,951)
Net income attributable to Pitney Bowes Inc. $ 57,358 $ 65,512 $ 171,392 $ 177,148
Basic earnings per share attributable to common stockholders        
Continuing operations (in dollars per share) [1] $ 0.31 $ 0.35 $ 0.92 $ 0.95
Discontinued operations (in dollars per share) [1] 0.00 0.00 0.00 (0.01)
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1] 0.31 0.35 0.92 0.94
Diluted earnings per share attributable to common stockholders        
Continuing operations (in dollars per share) [1] 0.31 0.35 0.92 0.94
Discontinued operations (in dollars per share) [1] 0.00 0.00 0.00 (0.01)
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1] 0.31 0.35 0.92 0.93
Dividends declared per share of common stock (in dollars per share) $ 0.1875 $ 0.1875 $ 0.5625 $ 0.5625
[1] The sum of the earnings per share amounts may not equal the totals due to rounding.