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Revenue (Tables)
3 Months Ended
Mar. 31, 2019
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following tables disaggregate our revenue by major source and timing of recognition:
 
Three Months Ended March 31, 2019
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Total Revenue recognized under ASC 606
Revenue from leasing transactions and financing
Total Consolidated Revenue
Major products/service lines
 
 
 
 
 
 
 
 
Equipment sales
$

$

$
9,215

$
12,079

$

$
21,294

$
68,493

$
89,787

Supplies


35,103

15,850


50,953


50,953

Software




73,318

73,318


73,318

Rentals






22,157

22,157

Financing






97,043

97,043

Support services

22

107,709

20,890


128,621


128,621

Business services
266,254

134,825

4,517

927


406,523


406,523

Subtotal
266,254

134,847

156,544

49,746

73,318

680,709

$
187,693

$
868,402

 
 
 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
 
 
Equipment sales


57,894

10,599


68,493

 
 
Rentals


17,279

4,878


22,157

 
 
Financing


83,757

13,286


97,043

 
 
     Total revenue
$
266,254

$
134,847

$
315,474

$
78,509

$
73,318

$
868,402

 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition under ASC 606
 
 
 
 
 
 
Products/services transferred at a point in time
$

$

$
44,318

$
27,930

$
20,970

$
93,218

 
 
Products/services transferred over time
266,254

134,847

112,226

21,816

52,348

587,491

 
 
      Total
$
266,254

$
134,847

$
156,544

$
49,746

$
73,318

$
680,709

 
 


 
Three Months Ended March 31, 2018
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Total Revenue recognized under ASC 606
Revenue from leasing transactions and financing
Total Consolidated Revenue
Major products/service lines
 
 
 
 
 
 
 
 
Equipment sales
$

$

$
10,416

$
11,795

$

$
22,211

$
84,497

$
106,708

Supplies


38,951

21,042


59,993


59,993

Software




76,294

76,294


76,294

Rentals






24,965

24,965

Financing






100,349

100,349

Support services


113,713

26,937


140,650


140,650

Business services
246,590

134,458

4,889

1,687


387,624


387,624

Subtotal
246,590

134,458

167,969

61,461

76,294

686,772

$
209,811

$
896,583

 
 
 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
 
 
Equipment sales


68,472

16,025


84,497

 
 
Rentals


19,512

5,453


24,965

 
 
Financing


84,858

15,491


100,349

 
 
     Total revenue
$
246,590

$
134,458

$
340,811

$
98,430

$
76,294

$
896,583

 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition under ASC 606
 
 
 
 
 
 
Products/services transferred at a point in time
$

$

$
49,367

$
32,836

$
25,001

$
107,204

 
 
Products/services transferred over time
246,590

134,458

118,602

28,625

51,293

579,568

 
 
      Total
$
246,590

$
134,458

$
167,969

$
61,461

$
76,294

$
686,772

 
 

Contract Assets and Advance Billings
Contract Assets and Advance Billings from Contracts with Customers
 
Balance sheet location
 
March 31, 2019
 
December 31, 2018
 
Increase (decrease)
Contracts assets, current
Other current assets and prepayments
 
$
17,319

 
$
16,115

 
$
1,204

Contracts assets, noncurrent
Other assets
 
$
11,385

 
$
13,092

 
$
(1,707
)
Advance billings, current
Advance billings
 
$
203,735

 
$
221,527

 
$
(17,792
)
Advance billings, noncurrent
Noncurrent liabilities
 
$
13,144

 
$
12,778

 
$
366

Future Performance Obligations
The transaction prices allocated to future performance obligations will be recognized as follows:
 
 
Remainder of 2019
 
2020
 
2021-2024
 
Total
North America Mailing(1)
 
$
196,642

 
$
214,546

 
$
288,869

 
$
700,057

International Mailing(1)
 
23,105

 
19,664

 
21,651

 
64,420

Software Solutions(2)
 
55,521

 
49,884

 
26,118

 
131,523

Total
 
$
275,268

 
$
284,094

 
$
336,638

 
$
896,000

(1) Revenue streams bundled with our leasing contracts, primarily maintenance, meter services and other subscription services
(2) Multiple-year software maintenance contracts, certain software and data licenses and data updates