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Revenue (Tables)
6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables disaggregate our revenue by source and timing of recognition:
 
Three Months Ended June 30, 2020
 
Global Ecommerce
Presort Services
SendTech Solutions
Revenue from products and services
Revenue from leasing transactions and financing
Total consolidated revenue
Major products/service lines
 
 
 
 
 
 
Business services
$
398,453

$
118,127

$
12,410

$
528,990

$

$
528,990

Support services


113,786

113,786


113,786

Financing




85,462

85,462

Equipment sales


14,492

14,492

43,345

57,837

Supplies


32,773

32,773


32,773

Rentals




18,644

18,644

Subtotal
398,453

118,127

173,461

690,041

$
147,451

$
837,492

 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
Financing


85,462

85,462

 
 
Equipment sales


43,345

43,345

 
 
Rentals


18,644

18,644

 
 
     Total revenue
$
398,453

$
118,127

$
320,912

$
837,492

 
 
 
 
 
 
 
 
 
Timing of revenue recognition from products and services
 
 
 
 
Products/services transferred at a point in time
$

$

$
58,750

$
58,750

 
 
Products/services transferred over time
398,453

118,127

114,711

631,291

 
 
      Total
$
398,453

$
118,127

$
173,461

$
690,041

 
 
 
Three Months Ended June 30, 2019
 
Global Ecommerce
Presort Services
SendTech Solutions
Revenue from products and services
Revenue from leasing transactions and financing
Total consolidated revenue
Major products/service lines
 
 
 
 
 
 
Business services
$
282,319

$
128,138

$
7,506

$
417,963

$

$
417,963

Support services


127,705

127,705


127,705

Financing




92,419

92,419

Equipment sales


19,384

19,384

66,167

85,551

Supplies


46,490

46,490


46,490

Rentals




18,445

18,445

Subtotal
282,319

128,138

201,085

611,542

$
177,031

$
788,573

 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
Financing


92,419

92,419

 
 
Equipment sales


66,167

66,167

 
 
Rentals


18,445

18,445

 
 
     Total revenue
$
282,319

$
128,138

$
378,116

$
788,573

 
 
 
 
 
 
 
 
 
Timing of revenue recognition from products and services
 
 
 
 
Products/services transferred at a point in time
$

$

$
82,790

$
82,790

 
 
Products/services transferred over time
282,319

128,138

118,295

528,752

 
 
      Total
$
282,319

$
128,138

$
201,085

$
611,542

 
 
 
Six Months Ended June 30, 2020
 
Global Ecommerce
Presort Services
SendTech Solutions
Revenue from products and services
Revenue from leasing transactions and financing
Total consolidated revenue
Major products/service lines
 
 
 
 
 
 
Business services
$
690,776

$
258,847

$
23,746

$
973,369

$

$
973,369

Support services


235,801

235,801


235,801

Financing




174,540

174,540

Equipment sales


31,621

31,621

102,489

134,110

Supplies


78,482

78,482


78,482

Rentals




37,458

37,458

Subtotal
690,776

258,847

369,650

1,319,273

$
314,487

$
1,633,760

 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
Financing


174,540

174,540

 
 
Equipment sales


102,489

102,489

 
 
Rentals


37,458

37,458

 
 
     Total revenue
$
690,776

$
258,847

$
684,137

$
1,633,760

 
 
 
 
 
 
 
 
 
Timing of revenue recognition from products and services
 
 
 
 
Products/services transferred at a point in time
$

$

$
137,124

$
137,124

 
 
Products/services transferred over time
690,776

258,847

232,526

1,182,149

 
 
      Total
$
690,776

$
258,847

$
369,650

$
1,319,273

 
 

 
Six Months Ended June 30, 2019
 
Global Ecommerce
Presort Services
SendTech Solutions
Revenue from products and services
Revenue from leasing transactions and financing
Total consolidated revenue
Major products/service lines
 
 
 
 
 
 
Business services
$
548,573

$
262,985

$
12,950

$
824,508

$

$
824,508

Support services


256,304

256,304


256,304

Financing




189,462

189,462

Equipment sales


40,677

40,677

134,661

175,338

Supplies


97,443

97,443


97,443

Rentals




40,602

40,602

Subtotal
548,573

262,985

407,374

1,218,932

$
364,725

$
1,583,657

 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
Financing


189,462

189,462

 
 
Equipment sales


134,661

134,661

 
 
Rentals


40,602

40,602

 
 
     Total revenue
$
548,573

$
262,985

$
772,099

$
1,583,657

 
 
 
 
 
 
 
 
 
Timing of revenue recognition from products and services
 
 
 
 
Products/services transferred at a point in time
$

$

$
169,666

$
169,666

 
 
Products/services transferred over time
548,573

262,985

237,708

1,049,266

 
 
      Total
$
548,573

$
262,985

$
407,374

$
1,218,932

 
 


Contract Assets and Advance Billings
Advance Billings from Contracts with Customers
 
Balance sheet location
 
June 30, 2020
 
December 31, 2019
 
Increase/ (decrease)
Advance billings, current
Advance billings
 
$
113,799

 
$
92,464

 
$
21,335

Advance billings, noncurrent
Other noncurrent liabilities
 
$
1,102

 
$
1,245

 
$
(143
)

Future Performance Obligations The transaction prices allocated to future performance obligations will be recognized as follows:
 
 
Remainder of 2020
 
2021
 
2022-2025
 
Total
SendTech Solutions
 
$
146,357

 
$
252,289

 
$
346,874

 
$
745,520