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Revenue
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregated Revenue
The following tables disaggregate our revenue by major source and timing of recognition:
 
Three Months Ended June 30, 2019
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Revenue from products and services
Revenue from leasing transactions and financing
Total consolidated revenue
Major products/service lines
 
 
 
 
 
 
 
 
Equipment sales
$
—

$
—

$
7,882

$
11,502

$
—

$
19,384

$
66,167

$
85,551

Supplies
—

—

32,461

14,029

—

46,490

—

46,490

Software
—

—

—

—

72,206

72,206

—

72,206

Rentals
—

—

—

—

—

—

18,445

18,445

Financing
—

—

—

—

—

—

92,419

92,419

Support services
—

(22
)
108,851

18,854

—

127,683

—

127,683

Business services
282,319

128,160

6,517

989

—

417,985

—

417,985

Subtotal
282,319

128,138

155,711

45,374

72,206

683,748

$
177,031

$
860,779

 
 
 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
 
 
Equipment sales
—

—

54,191

11,976

—

66,167

 
 
Rentals
—

—

13,540

4,905

—

18,445

 
 
Financing
—

—

79,975

12,444

—

92,419

 
 
     Total revenue
$
282,319

$
128,138

$
303,417

$
74,699

$
72,206

$
860,779

 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition from products and services
 
 
 
 
 
 
Products/services transferred at a point in time
$
—

$
—

$
40,343

$
25,531

$
20,470

$
86,344

 
 
Products/services transferred over time
282,319

128,138

115,368

19,843

51,736

597,404

 
 
      Total
$
282,319

$
128,138

$
155,711

$
45,374

$
72,206

$
683,748

 
 

 
Three Months Ended June 30, 2018
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Revenue from products and services
Revenue from leasing transactions and financing
Total consolidated revenue
Major products/service lines
 
 
 
 
 
 
 
 
Equipment sales
$
—

$
—

$
10,566

$
11,278

$
—

$
21,844

$
71,967

$
93,811

Supplies
—

—

36,271

19,186

—

55,457

—

55,457

Software
—

—

—

—

91,703

91,703

—

91,703

Rentals
—

—

—

—

—

—

19,454

19,454

Financing
—

—

—

—

—

—

97,129

97,129

Support services
—

—

113,977

24,621

—

138,598

—

138,598

Business services
239,100

122,730

5,664

1,594

—

369,088

—

369,088

Subtotal
239,100

122,730

166,478

56,679

91,703

676,690

$
188,550

$
865,240

 
 
 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
 
 
Equipment sales
—

—

55,957

16,010

—

71,967

 
 
Rentals
—

—

14,339

5,115

—

19,454

 
 
Financing
—

—

82,127

15,002

—

97,129

 
 
     Total revenue
$
239,100

$
122,730

$
318,901

$
92,806

$
91,703

$
865,240

 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition from products and services
 
 
 
 
 
 
Products/services transferred at a point in time
$
—

$
—

$
46,837

$
30,464

$
40,020

$
117,321

 
 
Products/services transferred over time
239,100

122,730

119,641

26,215

51,683

559,369

 
 
      Total
$
239,100

$
122,730

$
166,478

$
56,679

$
91,703

$
676,690

 
 





















 
Six Months Ended June 30, 2019
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Revenue from products and services
Revenue from leasing transactions and financing
Total consolidated revenue
Major products/service lines
 
 
 
 
 
 
 
 
Equipment sales
$
—

$
—

$
17,097

$
23,580

$
—

$
40,677

$
134,661

$
175,338

Supplies
—

—

67,563

29,880

—

97,443

—

97,443

Software
—

—

—

—

145,524

145,524

—

145,524

Rentals
—

—

—

—

—

—

40,602

40,602

Financing
—

—

—

—

—

—

189,462

189,462

Support services
—

—

216,562

39,742

—

256,304

—

256,304

Business services
548,573

262,985

11,035

1,915

—

824,508

—

824,508

Subtotal
548,573

262,985

312,257

95,117

145,524

1,364,456

$
364,725

$
1,729,181

 
 
 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
 
 
Equipment sales
—

—

112,086

22,575

—

134,661

 
 
Rentals
—

—

30,819

9,783

—

40,602

 
 
Financing
—

—

163,729

25,733

—

189,462

 
 
     Total revenue
$
548,573

$
262,985

$
618,891

$
153,208

$
145,524

$
1,729,181

 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition from products and services
 
 
 
 
 
 
Products/services transferred at a point in time
$
—

$
—

$
84,660

$
53,460

$
41,442

$
179,562

 
 
Products/services transferred over time
548,573

262,985

227,597

41,657

104,082

1,184,894

 
 
      Total
$
548,573

$
262,985

$
312,257

$
95,117

$
145,524

$
1,364,456

 
 




 
Six Months Ended June 30, 2018
 
Global Ecommerce
Presort Services
North America Mailing
International Mailing
Software Solutions
Revenue from products and services
Revenue from leasing transactions and financing
Total consolidated revenue
Major products/service lines
 
 
 
 
 
 
 
 
Equipment sales
$
—

$
—

$
20,981

$
23,074

$
—

$
44,055

$
156,464

$
200,519

Supplies
—

—

75,223

40,227

—

115,450

—

115,450

Software
—

—

—

—

167,997

167,997

—

167,997

Rentals
—

—

—

—

—

—

44,419

44,419

Financing
—

—

—

—

—

—

197,478

197,478

Support services
—

—

227,690

51,558

—

279,248

—

279,248

Business services
485,690

257,188

10,553

3,281

—

756,712

—

756,712

Subtotal
485,690

257,188

334,447

118,140

167,997

1,363,462

$
398,361

$
1,761,823

 
 
 
 
 
 
 
 
 
Revenue from leasing transactions and financing
 
 
 
 
 
 
 
 
Equipment sales
—

—

124,429

32,035

—

156,464

 
 
Rentals
—

—

33,851

10,568

—

44,419

 
 
Financing
—

—

166,985

30,493

—

197,478

 
 
     Total revenue
$
485,690

$
257,188

$
659,712

$
191,236

$
167,997

$
1,761,823

 
 
 
 
 
 
 
 
 
 
 
Timing of revenue recognition from products and services
 
 
 
 
 
 
Products/services transferred at a point in time
$
—

$
—

$
96,204

$
63,301

$
65,021

$
224,526

 
 
Products/services transferred over time
485,690

257,188

238,243

54,839

102,976

1,138,936

 
 
      Total
$
485,690

$
257,188

$
334,447

$
118,140

$
167,997

$
1,363,462

 
 

Our performance obligations are as follows:

Equipment sales and supplies: Our performance obligations generally include the sale of mailing equipment, excluding sales-type leases, and supplies. We recognize revenue upon delivery for self-install equipment and supplies and upon acceptance or installation for other equipment. We provide a warranty that our equipment is free of defects and meets stated specifications. The warranty is not considered a separate performance obligation.
Software: Our performance obligations include the sale of software licenses, maintenance, data products and professional services. Revenue for licenses is generally recognized upon delivery or over time for those licenses that require critical updates over the term of the contract.
Rentals: Our performance obligations include the fees associated with the rental of mailing equipment under an operating lease contract.
Support services: Performance obligations include providing maintenance, professional services, and subscription and meter services for our mailing equipment. Contract terms range from one year to five years, depending on the term of the lease contract for the related equipment. Revenue for maintenance, subscription and meter services is recognized ratably over the contract period and revenue for professional services is recognized when services are provided.
Business services: Our performance obligations include providing mail processing services and ecommerce solutions. Revenue is recognized over time as the services are provided. The contract terms for these services vary, with the initial contracts in the range of one to five years, followed by annual renewal periods.
Revenue from leasing transactions and financing includes revenue from equipment accounted for as sales-type leases, finance income and late fees.
Contract Assets and Advance Billings from Contracts with Customers
 
Balance sheet location
 
June 30, 2019
 
December 31, 2018
 
Increase (Decrease)
Contracts assets, current
Other current assets and prepayments
 
$
17,050

 
$
16,115

 
$
935

Contracts assets, noncurrent
Other assets
 
$
10,050

 
$
13,092

 
$
(3,042
)
Advance billings, current
Advance billings
 
$
200,224

 
$
215,790

 
$
(15,566
)
Advance billings, noncurrent
Other noncurrent liabilities
 
$
12,832

 
$
12,778

 
$
54

Contract Assets
We record contract assets when performance obligations are satisfied in advance of invoicing the customer when the right to consideration is conditional on the satisfaction of another performance obligation within a contract. Contract assets decreased in the period as the invoicing of performance obligations previously satisfied exceeded the contract assets recognized during the period.
Advance Billings from Contracts with Customers
Advance billings are recorded when cash payments are due in advance of our performance. Items in advance billings primarily relate to support services on equipment and software licenses, subscription services and certain software data products. Revenue is recognized ratably over the contract term.
The net decrease in advance billings at June 30, 2019 is due to revenue recognized during the period in excess of advance billings. Revenue recognized during the period includes $109 million of advance billings at the beginning of the period, partially offset by advance billings in the quarter.
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)
 
$
133,984

 
$
231,394

 
$
338,435

 
$
703,813

International Mailing(1)
 
15,799

 
21,938

 
27,583

 
65,320

Software Solutions(2)
 
34,805

 
57,111

 
33,295

 
125,211

Total
 
$
184,588

 
$
310,443

 
$
399,313

 
$
894,344

(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.
The table above does not include revenue related to performance obligations for contracts with terms less than 12 months and expected consideration for those performance obligations where revenue is recognized based on the amount billable to the customer.