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Condensed Consolidated Statement of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue:        
Equipment sales $ 242,921 $ 228,089 $ 484,552 $ 467,387
Supplies 78,587 77,054 161,457 162,331
Software 105,516 88,297 205,081 172,064
Rentals 142,576 150,141 285,627 305,578
Financing 149,955 156,604 304,185 319,379
Support services 176,807 175,298 355,421 355,332
Business Services 418,112 421,754 841,220 863,399
Total revenue 1,314,474 1,297,237 2,637,543 2,645,470
Cost and expenses:        
Cost of equipment sales 104,385 101,072 219,138 206,909
Cost of supplies 25,562 24,173 51,754 49,538
Cost of software 24,898 21,207 50,110 42,363
Cost of rentals 32,809 34,310 65,408 71,381
Financing interest expense 22,192 21,821 45,485 43,759
Cost of support services 115,417 111,695 230,693 226,301
Cost of business services 325,250 337,652 658,817 668,124
Selling, general and administrative 436,015 426,352 865,934 869,649
Research and development 37,441 38,168 72,199 79,033
Restructuring charges and asset impairments 4,994 48,512 31,018 69,234
Other interest expense 28,550 29,204 57,074 56,862
Interest income (2,215) (696) (3,437) (1,458)
Total costs and expenses 1,155,298 1,193,470 2,344,193 2,381,695
Income from continuing operations before income taxes 159,176 103,767 293,350 263,775
Provision for income taxes 53,012 35,177 94,406 108,422
Income from continuing operations 106,164 68,590 198,944 155,353
(Loss) gain from discontinued operations, net of income tax (635) (2,666) (2,517) (5,796)
Net income before attribution of non-controlling interests 105,529 65,924 196,427 149,557
Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests 4,594 4,543 9,188 9,137
Pitney Bowes Inc. net income 100,935 61,381 187,239 140,420
Amounts attributable to Pitney Bowes Inc.:        
Income from continuing operations 101,570 64,047 189,756 146,216
(Loss) gain from discontinued operations (635) (2,666) (2,517) (5,796)
Pitney Bowes Inc. net income $ 100,935 $ 61,381 $ 187,239 $ 140,420
Basic earnings per share attributable to common stockholders:        
Continuing operations $ 0.50 $ 0.31 $ 0.93 $ 0.70
Discontinued operations $ 0.00 $ (0.01) $ (0.01) $ (0.03)
Net income $ 0.50 $ 0.30 $ 0.92 $ 0.68
Diluted earnings per share attributable to common stockholders:        
Continuing operations $ 0.50 $ 0.31 $ 0.93 $ 0.70
Discontinued operations $ 0.00 $ (0.01) $ (0.01) $ (0.03)
Net income $ 0.49 $ 0.30 $ 0.92 $ 0.68
Dividends declared per share of common stock $ 0.37 $ 0.365 $ 0.74 $ 0.73