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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenue:        
Equipment sales $ 165,507 $ 191,518 $ 331,471 $ 380,574
Supplies 70,636 76,284 144,004 155,801
Software 99,184 109,065 185,541 200,620
Rentals 111,312 122,443 225,309 246,022
Financing 101,437 107,644 207,067 217,694
Support services 139,237 158,190 278,795 316,442
Business services 193,578 193,306 399,385 378,794
Total revenue 880,891 958,450 1,771,572 1,895,947
Costs and expenses:        
Cost of equipment sales 79,043 88,818 154,056 171,352
Cost of supplies 21,624 23,505 44,283 47,659
Cost of software 28,501 33,484 58,365 63,648
Cost of rentals 21,003 25,193 41,704 50,637
Financing interest expense 17,868 20,413 36,638 40,066
Cost of support services 81,507 96,722 165,106 195,703
Cost of business services 135,636 135,024 275,555 263,960
Selling, general and administrative 315,578 338,384 630,107 689,759
Research and development 28,492 28,649 54,540 54,841
Restructuring charges and asset impairments, net 14,350 8,299 14,269 18,140
Interest expense, net 20,971 21,482 45,035 45,546
Other (income) expense, net (93,135) 0 (93,135) 61,657
Total costs and expenses 671,438 819,973 1,426,523 1,702,968
Income from continuing operations before income taxes 209,453 138,477 345,049 192,979
Provision for income taxes 52,351 46,335 102,898 54,371
Income from continuing operations 157,102 92,142 242,151 138,608
Net income 156,363 98,859 241,569 148,126
Less: Preferred stock dividends attributable to noncontrolling interests 4,593 4,594 9,187 9,188
Net income attributable to Pitney Bowes Inc. 151,770 94,265 232,382 138,938
Amounts attributable to common stockholders:        
Net income from continuing operations 152,509 87,548 232,964 129,420
(Loss) income from discontinued operations, net of tax (739) 6,717 (582) 9,518
Net income attributable to Pitney Bowes Inc. $ 151,770 $ 94,265 $ 232,382 $ 138,938
Basic earnings per share attributable to common stockholders (1):        
Continuing operations (in dollars per share) [1],[2] $ 0.76 $ 0.43 $ 1.16 $ 0.64
Discontinued operations (in dollars per share) [1],[2] 0.00 0.03 0.00 0.05
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1],[2] 0.75 0.47 1.15 0.69
Diluted earnings per share attributable to common stockholders (1):        
Continuing operations (in dollars per share) [1],[2] 0.75 0.43 1.15 0.63
Discontinued operations (in dollars per share) [1],[2] 0.00 0.03 0.00 0.05
Net income attributable to Pitney Bowes Inc. (in dollars per share) [1],[2] 0.75 0.46 1.15 0.68
Dividends declared per share of common stock $ 0.1875 $ 0.1875000 $ 0.375000 $ 0.375000
[1] The sum of earnings per share amounts may not equal the totals due to rounding.
[2] The sum of earnings per share amounts may not equal the totals due to rounding.