XML 22 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenue:      
Total from contracts with customers $ 2,629,541    
Total revenue 3,522,380 $ 3,123,272 $ 2,981,323
Costs and expenses:      
Financing interest expense 48,857 50,665 55,241
Selling, general and administrative 1,123,116 1,170,905 1,140,100
Research and development 125,588 118,703 107,378
Restructuring charges and asset impairments, net 27,077 56,223 60,295
Goodwill impairment 0 0 148,181
Interest expense, net 110,900 113,497 88,970
Other components of net pension and postretirement cost 22,425 5,413 5,276
Other expense 7,964 3,856 0
Total costs and expenses 3,310,019 2,901,357 2,779,534
Income from continuing operations before income taxes 212,361 221,915 201,789
Provision for income taxes 12,383 553 106,975
Income from continuing operations 199,978 221,362 94,814
Income from discontinued operations, net of tax 23,687 39,978 17,036
Net income 223,665 261,340 111,850
Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests 0 0 19,045
Net income - Pitney Bowes Inc. 223,665 261,340 92,805
Amounts attributable to common stockholders:      
Income from continuing operations 199,978 221,362 75,769
Income from discontinued operations, net of tax 23,687 39,978 17,036
Net income - Pitney Bowes Inc. $ 223,665 $ 261,340 $ 92,805
Basic earnings per share attributable to common stockholders:      
Continuing operations (in dollars per share) [1] $ 1.07 $ 1.19 $ 0.40
Discontinued operations (in dollars per share) [1] 0.13 0.21 0.09
Net income - Pitney Bowes Inc. (in dollars per share) [1] 1.19 1.40 0.49
Diluted earnings per share attributable to common stockholders:      
Continuing operations (in dollars per share) [1] 1.06 1.18 0.40
Discontinued operations (in dollars per share) [1] 0.13 0.21 0.09
Net income - Pitney Bowes Inc. (in dollars per share) [1] $ 1.19 $ 1.39 $ 0.49
Equipment sales      
Revenue:      
Total from contracts with customers $ 112,056    
Total revenue 430,451 $ 476,691 $ 480,031
Cost of products and sales 181,766 201,116 203,220
Supplies      
Revenue:      
Total from contracts with customers 218,304 231,412 241,950
Cost of products and sales 60,960 66,302 65,509
Software      
Revenue:      
Total from contracts with customers 340,855 331,843 325,577
Cost of products and sales 100,681 95,033 96,151
Rentals      
Revenue:      
Total from contracts with customers 27,604    
Total revenue 363,057 384,123 410,241
Cost of products and sales 86,330 82,703 74,457
Financing      
Revenue:      
Total from contracts with customers 75,787    
Total revenue 314,778 330,985 366,424
Support services      
Revenue:      
Total from contracts with customers 293,413 299,792 329,424
Cost of products and sales 168,271 163,889 166,247
Business services      
Revenue:      
Total from contracts with customers 1,561,522 1,068,426 827,676
Cost of products and sales $ 1,246,084 $ 773,052 $ 568,509
[1] The sum of the earnings per share amounts may not equal the totals due to rounding.