XML 45 R29.htm IDEA: XBRL DOCUMENT v2.4.0.8
Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited)
The following table sets forth selected unaudited quarterly data for the years ended December 31, 2013 and 2012. The amounts in the tables below have been revised from the amounts previously filed to reflect the results of PBMS, the Nordic furniture business, IMS and DIS as discontinued operations (see Note 19). The sum of the quarterly earnings per share amounts may not equal the quarterly total or annual amount due to rounding.
 
First
Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
2013
 
 
 
 
 
 
 
 
 
Revenue
$
909,363

 
$
950,662

 
$
920,489

 
$
1,010,821

 
$
3,791,335

Cost of revenues
392,481

 
411,499

 
394,861

 
451,781

 
1,650,622

Operating expenses
435,017

 
430,330

 
438,028

 
453,384

 
1,756,759

Income from continuing operations before income taxes
81,865

 
108,833

 
87,600

 
105,656

 
383,954

Provision for income taxes
17,795

 
24,218

 
10,032

 
25,922

 
77,967

Income from continuing operations
64,070

 
84,615

 
77,568

 
79,734

 
305,987

Income (loss) from discontinued operations
8,030

 
(89,254
)
 
(78,501
)
 
14,948

 
(144,777
)
Net income (loss) before attribution of noncontrolling interests
72,100

 
(4,639
)
 
(933
)
 
94,682

 
161,210

Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests
4,594

 
4,594

 
4,594

 
4,593

 
18,375

Net income (loss) attributable to Pitney Bowes Inc.
$
67,506

 
$
(9,233
)
 
$
(5,527
)
 
$
90,089

 
$
142,835

 
 
 
 
 
 
 
 
 
 
Amounts attributable to common stockholders:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
59,476

 
$
80,021

 
$
72,974

 
$
75,141

 
$
287,612

Income (loss) from discontinued operations
8,030

 
(89,254
)
 
(78,501
)
 
14,948

 
(144,777
)
Net income attributable to Pitney Bowes Inc.
$
67,506

 
$
(9,233
)
 
$
(5,527
)
 
$
90,089

 
$
142,835

Basic earnings per share attributable to common stockholders:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.30

 
$
0.40

 
$
0.36

 
$
0.37

 
$
1.43

Discontinued operations
0.04

 
(0.44
)
 
(0.39
)
 
0.07

 
(0.72
)
Net income (loss) attributable to Pitney Bowes Inc.
$
0.34

 
$
(0.05
)
 
$
(0.03
)
 
$
0.45

 
$
0.71

Diluted earnings per share attributable to common stockholders:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.29

 
$
0.39

 
$
0.36

 
$
0.37

 
$
1.42

Discontinued operations
0.04

 
(0.44
)
 
(0.39
)
 
0.07

 
(0.71
)
Net income (loss) attributable to Pitney Bowes Inc.
$
0.33

 
$
(0.05
)
 
$
(0.03
)
 
$
0.44

 
$
0.70


 
First
Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Total
2012
 
 
 
 
 
 
 
 
 
Revenue
$
953,327

 
$
952,066

 
$
928,590

 
$
989,730

 
$
3,823,713

Cost of revenues
385,636

 
398,818

 
388,221

 
409,723

 
1,582,398

Operating expenses
429,947

 
417,139

 
423,525

 
458,934

 
1,729,545

Income from continuing operations before income taxes
137,744

 
136,109

 
116,844

 
121,073

 
511,770

Provision for income taxes
7,399

 
44,081

 
28,927

 
33,880

 
114,287

Income from continuing operations
130,345

 
92,028

 
87,917

 
87,193

 
397,483

Income (loss) from discontinued operations
32,919

 
12,189

 
(6,790
)
 
27,738

 
66,056

Net income before attribution of noncontrolling interests
163,264

 
104,217

 
81,127

 
114,931

 
463,539

Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests
4,594

 
4,594

 
4,594

 
4,594

 
18,376

Net income attributable to Pitney Bowes Inc.
$
158,670

 
$
99,623

 
$
76,533

 
$
110,337

 
$
445,163

 
 
 
 
 
 
 
 
 
 
Amounts attributable to common stockholders:
 
 
 
 
 
 
 
 
 
Income from continuing operations
$
125,751

 
$
87,434

 
$
83,323

 
$
82,599

 
$
379,107

Income (loss) from discontinued operations
32,919

 
12,189

 
(6,790
)
 
27,738

 
66,056

Net income attributable to Pitney Bowes Inc.
$
158,670

 
$
99,623

 
$
76,533

 
$
110,337

 
$
445,163

Basic earnings per share attributable to common stockholders:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.63

 
$
0.44

 
$
0.42

 
$
0.41

 
$
1.89

Discontinued operations
0.16

 
0.06

 
(0.03
)
 
0.14

 
0.33

Net income attributable to Pitney Bowes Inc.
$
0.79

 
$
0.50

 
$
0.38

 
$
0.55

 
$
2.22

Diluted earnings per share attributable to common stockholders:
 
 
 
 
 
 
 
 
 
Continuing operations
$
0.63

 
$
0.43

 
$
0.41

 
$
0.41

 
$
1.88

Discontinued operations
0.16

 
0.06

 
(0.03
)
 
0.14

 
0.33

Net income attributable to Pitney Bowes Inc.
$
0.79

 
$
0.50

 
$
0.38

 
$
0.55

 
$
2.21