Revenue from Contracts with Customers (Tables)

12 Months Ended

Dec. 31, 2018



	December 31, 2018
	As reported			Prior guidance			Increase (decrease)
Balance Sheet
Total assets	$	5,972,903		$	5,951,075		$	21,828
Accounts receivable, net	$	455,807		$	454,414		$	1,393
Other current assets and prepayments	$	99,332		$	90,659		$	8,673
Other assets	$	413,239		$	400,955		$	12,284

Total liabilities	$	5,733,431		$	5,737,751		$	(4,320	)
Accounts payable and accrued liabilities	$	1,401,635		$	1,396,650		$	4,985
Advance billings	$	237,529		$	252,472		$	(14,943	)
Other noncurrent liabilities	$	474,862		$	477,208		$	(2,346	)

Total stockholders' equity	$	239,472		$	213,325		$	26,147
Retained earnings	$	5,416,777		$	5,389,732		$	27,045
Accumulated other comprehensive loss	$	(948,426	)	$	(947,528	)	$	(898	)

The impact on our consolidated financial statements as if they were presented under the prior guidance is as follows:



	Year ended December 31, 2018
	As reported		Prior guidance		Increase (decrease)
Income Statement
Total revenue	$	3,522,380	$	3,483,757	$	38,623
Equipment sales	$	430,451	$	432,911	$	(2,460	)
Software	$	340,855	$	297,976	$	42,879
Business services	$	1,561,522	$	1,563,318	$	(1,796	)

Total costs and expenses	$	3,310,019	$	3,318,288	$	(8,269	)
Cost of equipment sales	$	181,766	$	181,957	$	(191	)
Cost of software	$	100,681	$	96,332	$	4,349
Selling, general and administrative	$	1,123,116	$	1,135,543	$	(12,427	)

Income from continuing operations before taxes	$	212,361	$	165,469	$	46,892

The following tables disaggregate our revenue by major source:



	Year ended December 31, 2018
Major products/service lines	Global Ecommerce		Presort Services		North America Mailing		International Mailing		Software Solutions		Total Revenue from sales and services (ASC 606)		Revenue from leasing transactions and financing		Total Consolidated Revenue
Equipment sales	$	—	$	—	$	59,589	$	52,467	$	—	$	112,056	$	318,395	$	430,451
Supplies	—		—		144,283		74,021		—		218,304		—		218,304
Software	—		—		—		—		340,855		340,855		—		340,855
Rentals	—		—		19,390		8,214		—		27,604		335,453		363,057
Financing	—		—		64,279		11,508		—		75,787		238,991		314,778
Support services	—		—		208,855		84,558		—		293,413		—		293,413
Business services	1,022,862		515,795		16,997		5,868		—		1,561,522		—		1,561,522
	$	1,022,862	$	515,795	$	513,393	$	236,636	$	340,855	$	2,629,541	$	892,839	$	3,522,380

Revenue from sales and services (ASC 606)	$	1,022,862	$	515,795	$	513,393	$	236,636	$	340,855	$	2,629,541	$	—	$	2,629,541
Revenue from leasing transactions and financing	—		—		761,632		131,207		—		—		892,839		892,839
Total revenue	$	1,022,862	$	515,795	$	1,275,025	$	367,843	$	340,855	$	2,629,541	$	892,839	$	3,522,380

Timing of revenue recognition (ASC 606)
Products/services transferred at a point in time	$	—	$	—	$	203,872	$	126,488	$	134,360	$	464,720
Products/services transferred over time	1,022,862		515,795		309,521		110,148		206,495		2,164,821
Total revenue	$	1,022,862	$	515,795	$	513,393	$	236,636	$	340,855	$	2,629,541

The following table summarizes our contract assets and advanced billings balances:



	December 31, 2018		January 1, 2018		Total increase (decrease)
Contracts assets, current portion	$	16,115	$	5,075	$	11,040
Contracts assets, noncurrent portion	$	13,092	$	648	$	12,444
Advance billings, current portion	$	185,322	$	209,098	$	(23,776	)
Advance billings, noncurrent portion	$	12,778	$	17,765	$	(4,987	)

The transaction prices allocated to future performance obligations will be recognized as follows:

⁽¹⁾Revenue streams bundled with our leasing contracts, primarily maintenance and other services.

⁽²⁾Multiple-year software maintenance contracts, certain software and data licenses and data updates.