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Condensed Consolidated Statement of Income (Unaudited) (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenue:    
Equipment sales$ 221,475$ 245,634$ 706,027$ 713,021
Supplies74,27177,304235,728239,635
Software113,22498,444318,305270,508
Rentals140,172151,399425,799456,977
Financing150,038157,333454,223476,712
Support services175,286175,844530,707531,176
Business Services425,258439,7841,266,4781,303,183
Total revenue1,299,7241,345,7423,937,2673,991,212
Cost and expenses:    
Cost of equipment sales97,559113,282316,697320,191
Cost of supplies22,61123,84374,36573,381
Cost of software23,43123,63073,54165,993
Cost of rentals32,58136,27797,989107,658
Financing interest expense21,43022,18966,91565,948
Cost of support services114,074111,521344,767337,822
Cost of business services326,415335,588985,2321,003,712
Selling, general and administrative430,650435,2921,296,5841,304,941
Research and development35,57338,454107,772117,487
Restructuring charges and asset impairments32,95633,80563,974103,039
Other interest expense28,93229,31086,00686,172
Interest income(1,265)(393)(4,702)(1,851)
Total costs and expenses1,199,8791,202,7983,544,0723,584,493
Goodwill Impairment Loss45,650045,6500
Other Nonrecurring (Income) Expense(10,718)0(10,718)0
Income from continuing operations before income taxes99,845142,944393,195406,719
Provision for income taxes(17,087)46,88077,319155,302
Income from continuing operations116,93296,064315,876251,417
(Loss) gain from discontinued operations, net of income tax60,428(2,536)57,911(8,332)
Net income before attribution of non-controlling interests177,36093,528373,787243,085
Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests4,5934,59313,78113,730
Pitney Bowes Inc. net income172,76788,935360,006229,355
Amounts attributable to Pitney Bowes Inc.:    
Income from continuing operations112,33991,471302,095237,687
(Loss) gain from discontinued operations60,428(2,536)57,911(8,332)
Pitney Bowes Inc. net income$ 172,767$ 88,935$ 360,006$ 229,355
Basic earnings per share attributable to common stockholders:    
Continuing operations$ 0.56$ 0.44$ 1.49$ 1.15
Discontinued operations$ 0.30$ (0.01)$ 0.29$ (0.04)
Net income$ 0.86$ 0.43$ 1.78$ 1.11
Diluted earnings per share attributable to common stockholders:    
Continuing operations$ 0.56$ 0.44$ 1.48$ 1.15
Discontinued operations$ 0.30$ (0.01)$ 0.28$ (0.04)
Net income$ 0.85$ 0.43$ 1.77$ 1.11
Dividends declared per share of common stock$ 0.37$ 0.365$ 1.11$ 1.095