PITNEY BOWES INC PBI Income Statement

Pitney bowes inc (PBI)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08	Jun'08
Revenue:
Revenue from contracts with customers
796,268	759,137	790,125	860,779	795,084	689,418	760,281	865,240	896,583	916,406	733,273	730,413	836,640	461,817	839,031	835,886	844,589	936,947	869,541	880,891	890,681	983,913	941,644	958,450	937,497	1,010,821	920,489	950,662	909,363	487,431	949,789	1,166,357	1,220,136	93,402	1,299,724	1,314,474	1,323,069	1,269,144	1,345,742	1,297,237	1,348,233	1,454,305	1,356,820	1,378,462	1,379,584	1,547,673	1,588,086
Costs and expenses:
Selling, general and administrative
248,633	209,683	254,092	278,545	261,669	169,348	241,350	289,427	302,810	153,481	288,093	283,073	304,847	223,119	300,983	289,116	326,882	340,643	309,211	315,578	314,529	346,903	341,738	338,384	351,375	362,220	352,299	353,923	351,654	332,658	370,935	380,656	405,486	288,051	427,412	432,715	426,611	419,342	435,292	426,352	443,297	483,304	435,931	431,088	450,391	484,650	497,689
Research and development
12,116	3,779	12,272	22,630	12,577	-5,182	15,636	23,574	24,495	-30,643	29,316	30,328	31,856	17,617	28,680	34,513	26,568	26,463	29,153	28,492	26,048	29,030	26,060	28,649	26,192	29,061	24,769	27,331	29,251	16,140	30,226	33,811	34,073	21,383	35,573	37,441	34,758	38,884	38,454	38,168	40,865	43,568	45,052	46,622	46,949	53,008	53,168
Restructuring charges
3,817	11,610	47,017	7,279	3,700	7,393	6,099	11,503	904	15,307	1,470	25,990	2,082	10,792	16,494	26,076	6,933	11,477	36	14,350	-81	61,894	4,526	8,299	9,841	30,404	34,909	19,031	0	-	0	-585	-	54,656	32,956	4,994	26,024	78,922	33,805	48,512	20,722	35,901	12,845	0	0	49,229	18,815
Goodwill impairment
198,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	45,650	-	-	-	0	-	-	-	-	-	-	-	-
Interest expense, net
25,883	26,585	28,704	28,019	27,602	26,004	26,588	30,775	32,014	36,107	28,601	27,600	25,676	26,576	22,294	20,799	19,301	22,383	20,165	20,971	24,064	23,184	22,158	21,482	24,064	24,181	26,051	30,045	28,991	27,967	27,541	30,353	29,367	29,357	28,932	28,550	28,524	29,447	29,310	29,204	27,658	26,721	27,244	29,553	27,751	30,037	30,137
Other components of net pension and postretirement income
-151	-1,087	-882	-1,618	-638	28,495	-1,852	-2,499	-1,719	1,334	1,356	1,267	1,456	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,189	2,057	2,003	1,733	1,093	1,265	2,215	1,222	736	393	696	762	1,796	668	933	1,552	3,179	3,562
Other expense, net
33,487	5,956	667	-27	17,710	0	7,964	0	0	-	0	-	-	-	-	-	-	-	-1,781	-93,135	-	0	-15,919	0	61,657	7,518	0	0	25,121	0	0	4,372	-3,234	-9,200	-10,718	0	0	-	0	-	-	-	-	-	-	-	-
Total costs and expenses
1,024,845	752,099	809,675	826,402	789,807	675,049	715,093	806,954	826,305	485,048	677,008	688,162	740,091	546,523	745,438	742,648	744,925	807,723	732,989	671,438	755,085	887,233	800,107	819,973	882,995	905,165	832,889	841,829	827,498	420,962	826,659	1,005,215	1,059,107	20,981	1,199,879	1,155,298	1,188,895	1,119,674	1,202,798	1,193,470	1,188,225	1,286,813	1,188,851	1,199,196	1,201,135	1,371,385	1,381,564
(Loss) income from continuing operations before taxes
-228,577	7,038	-19,550	34,377	5,277	14,369	45,188	58,286	70,278	38,893	56,265	42,251	96,549	-84,706	93,593	93,238	99,664	129,224	136,552	209,453	135,596	96,680	141,537	138,477	54,502	105,656	87,600	108,833	81,865	66,469	123,130	161,142	161,029	72,421	99,845	159,176	134,174	149,470	142,944	103,767	160,008	167,492	167,969	179,266	178,449	176,288	206,522
(Benefit) provision for income taxes
-10,030	-31	-24,895	4,099	7,820	-17,810	-2,468	7,899	18,795	-38,147	10,828	790	31,416	13,360	23,197	33,394	37,024	44,204	42,676	52,351	50,547	33,134	25,310	46,335	8,036	25,922	10,032	24,218	17,795	15,091	30,590	53,113	15,493	-49,045	-17,087	53,012	41,394	58,296	46,880	35,177	73,245	47,779	57,691	62,535	72,149	69,456	70,386
Amounts attributable to common stockholders:
Loss from continuing operations
-218,547	7,069	5,345	30,278	-2,543	32,179	47,656	50,387	51,483	-	-	-	-	-	65,803	55,250	-	80,426	89,282	152,509	80,455	58,952	111,634	87,548	41,872	75,141	72,974	80,021	59,476	46,784	87,946	103,435	140,942	116,872	112,339	101,570	88,186	86,580	91,471	64,047	82,169	111,959	105,656	112,160	101,779	100,292	131,340
Income from continuing operations
-	-	-	-	-	-	-	-	-	77,040	45,437	41,461	-	-	70,396	59,844	-	85,020	93,876	157,102	85,049	63,546	116,227	92,142	46,466	79,734	77,568	84,615	64,070	51,378	92,540	108,029	145,536	121,466	116,932	106,164	92,780	91,174	96,064	68,590	86,763	119,713	110,278	116,731	106,300	106,832	136,136
Income (loss) from discontinued operations, net of tax
10,064	169,627	-8,470	-6,581	-116	17,790	32,621	1,208	8,487	12,908	11,921	7,440	-	-	-291	-1,660	-	5,853	0	-739	157	3,576	20,655	6,717	2,801	14,948	-78,501	-89,254	8,030	63,553	-11,413	-3,812	17,728	140,602	60,428	-635	-1,882	-23,556	-2,536	-2,666	-3,130	-	-2,429	5,102	2,623	-2,063	-2,831
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-79,079	70,105	58,184	62,640	90,873	93,876	156,363	85,206	67,122	136,882	98,859	49,267	94,682	-933	-4,639	72,100	114,931	81,127	104,217	163,264	262,068	177,360	105,529	90,898	67,618	93,528	65,924	83,633	115,400	107,849	117,262	104,402	104,769	133,305
Less: Preferred stock dividends of subsidiaries attributable to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	5,264	4,593	4,594	4,594	4,594	4,594	4,593	4,594	4,594	4,593	4,594	4,594	4,593	4,594	4,594	4,594	4,594	4,594	4,594	4,594	-32,156	4,593	4,594	4,594	4,594	4,593	4,543	4,594	7,754	4,622	4,571	4,521	6,540	4,796
Net loss
-208,483	-	-3,125	23,697	-2,659	-	80,277	51,595	59,970	89,948	57,358	48,901	65,133	-84,343	65,512	53,590	58,046	86,279	89,282	151,770	80,612	62,528	132,289	94,265	44,673	90,089	-5,527	-9,233	67,506	110,337	76,533	99,623	158,670	257,474	172,767	100,935	86,304	63,024	88,935	61,381	79,039	89,462	103,227	121,833	108,923	98,229	128,509
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
10,064	169,627	-8,470	-6,581	-116	17,790	32,621	1,208	8,487	12,908	11,921	7,440	-	-	-291	-1,660	-	5,853	0	-739	157	3,576	20,655	6,717	2,801	14,948	-78,501	-89,254	8,030	63,553	-11,413	-3,812	17,728	140,602	60,428	-635	-1,882	-23,556	-2,536	-2,666	-3,130	-	-2,429	5,102	2,623	-2,063	-2,831
(Loss) gain from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,536	-2,666	-3,130	-	-	-	-	-	-
Net income - Pitney Bowes Inc.
-208,483	-	-3,125	23,697	-2,659	-	80,277	51,595	59,970	89,948	57,358	48,901	65,133	-84,343	65,512	53,590	58,046	86,279	89,282	151,770	80,612	62,528	132,289	94,265	44,673	90,089	-5,527	-9,233	67,506	110,337	76,533	99,623	158,670	257,474	172,767	100,935	86,304	63,024	88,935	61,381	79,039	89,462	103,227	121,833	108,923	98,229	128,509
Basic earnings (loss) per share:
Pitney Bowes Inc. net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,105	58,184	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116,941	117,262	104,402	104,769	133,305
Continuing operations (in dollars per share)
-1.28	0.04	0.03	0.17	-0.01	0.17	0.25	0.27	0.28	0.41	0.24	0.22	-	-	0.35	0.29	-	0.40	0.45	0.76	0.40	0.30	0.55	0.43	0.21	0.37	0.36	0.40	0.30	0.23	0.44	0.52	0.70	0.58	0.56	0.50	0.43	0.42	0.44	0.31	0.40	0.55	0.51	0.54	0.49	0.48	0.63
Discontinued operations (in dollars per share)
0.06	0.97	-0.05	-0.04	0.00	0.09	0.17	0.01	0.05	0.07	0.06	0.04	-	-	0.00	-0.01	-	0.03	0.00	0.00	0.00	0.03	0.10	0.03	0.01	0.07	-0.39	-0.44	0.04	0.32	-0.06	-0.02	0.09	0.69	0.30	0.00	-0.01	-0.11	-0.01	-0.01	-0.02	-0.06	-0.01	0.02	0.01	-0.01	-0.01
Net loss (in dollars per share)
-1.22	1.00	-0.02	0.13	-0.01	0.26	0.43	0.28	0.32	0.48	0.31	0.26	0.35	-0.45	0.35	0.29	0.30	0.44	0.45	0.75	0.40	0.31	0.65	0.47	0.22	0.45	-0.03	-0.05	0.34	0.55	0.38	0.50	0.79	1.28	0.86	0.50	0.42	0.31	0.43	0.30	0.38	0.47	0.50	0.57	0.51	0.47	0.62
Diluted earnings (loss) per share:
Continuing operations (in dollars per share)
-1.28	0.04	0.03	0.17	-0.01	0.17	0.25	0.27	0.27	0.41	0.24	0.22	-	-	0.35	0.29	-	0.41	0.44	0.75	0.40	0.28	0.55	0.43	0.21	0.38	0.36	0.39	0.29	0.23	0.44	0.51	0.70	0.58	0.56	0.50	0.43	0.42	0.44	0.31	0.40	0.54	0.51	0.54	0.49	0.48	0.63
Discontinued operations (in dollars per share)
0.06	0.96	-0.05	-0.04	0.00	0.09	0.17	0.01	0.05	0.07	0.06	0.04	-	-	0.00	-0.01	-	0.03	0.00	0.00	0.00	0.03	0.10	0.03	0.01	0.08	-0.39	-0.44	0.04	0.32	-0.06	-0.02	0.09	0.69	0.30	0.00	-0.01	-0.11	-0.01	-0.01	-0.02	-0.06	-0.01	0.02	0.01	-0.01	-0.01
Net loss income (in dollars per share)
-1.22	1.00	-0.02	0.13	-0.01	0.26	0.43	0.27	0.32	0.48	0.31	0.26	0.35	-0.44	0.35	0.28	0.30	0.44	0.44	0.75	0.40	0.31	0.65	0.46	0.22	0.45	-0.03	-0.05	0.33	0.54	0.38	0.50	0.79	1.29	0.85	0.49	0.42	0.30	0.43	0.30	0.38	0.47	0.50	0.57	0.50	0.47	0.61
Dividends declared per share of common stock (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.18	0.18	0.18	-	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	0.18	-	0.18	0.18	-	-	0.37	0.37	-	-	-	-	-	-	0.36	0.36	0.36	-	0.36	0.36	0.36	0.35	0.35
Business services
Revenue from contracts with customers
444,379	467,170	419,101	417,985	406,545	444,965	364,793	369,088	387,624	398,888	229,711	217,903	224,519	219,959	200,911	201,460	205,346	210,800	191,645	193,578	205,807	201,769	198,164	193,306	185,488	173,231	160,131	151,154	146,776	-263,859	151,909	327,350	378,587	-686,532	425,258	418,112	423,108	275,735	439,784	421,754	441,645	460,407	447,756	442,008	454,729	482,199	487,957
Revenue
444,379	467,170	419,101	417,985	406,545	444,965	364,793	369,088	387,624	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of products and sales
374,665	386,086	338,519	337,918	327,046	360,922	287,237	290,567	294,379	299,128	166,984	153,063	150,843	151,152	140,989	140,830	135,538	140,642	130,004	135,636	139,919	138,257	142,512	135,024	128,936	126,962	112,447	108,168	102,355	-235,762	103,230	242,010	286,817	-585,478	326,415	325,250	333,567	169,706	335,588	337,652	330,472	348,468	335,406	345,483	353,044	370,213	383,009
Support services
Revenue from contracts with customers
122,015	123,631	126,274	127,683	128,599	135,169	138,055	138,598	140,650	314,776	75,783	72,068	118,847	-54,208	123,954	131,418	128,260	139,149	136,820	139,237	139,558	154,372	154,321	158,190	158,252	164,257	159,508	160,303	162,589	153,705	176,769	171,254	173,518	160,609	175,286	176,807	178,614	180,343	175,844	175,298	180,034	183,229	177,607	179,246	174,347	193,516	194,955
Revenue
122,015	123,631	126,274	127,683	128,599	135,169	138,055	138,598	140,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of products and sales
39,760	38,919	41,086	40,448	41,847	44,252	45,872	42,306	46,065	18,961	39,468	41,772	73,354	-58,543	74,799	74,742	75,249	78,107	79,747	81,507	83,599	88,800	92,500	96,722	98,981	99,747	98,425	99,337	102,529	85,607	107,074	112,123	115,087	87,769	114,074	115,417	115,276	113,787	111,521	111,695	114,606	110,659	119,034	120,239	117,347	113,581	115,931
Financing
Revenue from contracts with customers
0	0	0	0	0	0	0	0	0	-	-	83,653	85,745	-	87,883	91,609	97,423	103,043	99,925	101,437	105,630	107,330	107,835	107,644	110,050	111,167	111,032	112,820	113,887	107,482	123,999	122,948	126,748	122,312	136,000	136,369	140,589	110,647	157,333	156,604	162,775	165,910	171,228	174,508	182,798	195,632	197,263
Revenue
89,078	88,051	90,577	92,419	97,043	100,280	96,799	97,129	100,349	-	81,079	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of products and sales
12,489	11,215	11,026	11,043	11,364	11,269	10,849	11,194	11,064	7,732	12,629	12,843	12,974	13,866	12,965	13,495	14,915	17,620	17,533	17,868	18,770	18,829	19,667	20,413	19,653	20,281	19,468	18,951	19,019	16,044	19,604	20,642	21,139	16,935	21,430	22,192	23,293	22,344	22,189	21,821	21,938	23,721	23,975	25,438	24,452	27,702	27,552
Equipment sales
Revenue from contracts with customers
17,130	20,823	19,062	19,384	21,293	24,133	20,428	21,844	22,211	-	-	121,384	162,974	-	173,143	152,641	159,361	199,831	163,857	165,507	165,964	212,339	177,458	191,518	189,056	248,558	197,044	225,224	196,767	196,725	199,609	224,235	220,179	203,957	221,475	242,921	241,631	309,542	245,634	228,089	239,298	285,373	225,759	257,196	231,825	296,520	311,650
Revenue
76,273	87,148	89,618	85,551	89,787	106,334	88,799	93,811	106,708	-	103,514	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of equipment sales
57,359	62,116	59,859	58,570	63,665	62,534	52,209	58,948	62,469	67,666	49,328	51,506	69,562	-32,521	86,147	78,055	71,539	98,363	78,650	79,043	75,013	103,388	90,984	88,818	82,534	127,013	88,945	112,079	94,543	79,494	95,008	106,718	96,916	73,953	97,559	104,385	114,753	148,967	113,282	101,072	105,837	119,053	106,326	120,754	104,064	157,593	166,282
Supplies
Revenue from contracts with customers
45,709	45,026	44,818	46,490	50,953	52,451	50,403	55,457	59,993	52,328	53,627	58,639	66,818	43,319	61,306	65,274	72,051	72,925	71,174	70,636	73,368	71,691	72,548	76,284	79,517	72,545	68,692	71,275	73,218	65,339	66,878	70,522	76,365	65,708	74,271	78,587	82,870	78,795	77,304	77,054	85,277	82,773	83,464	81,973	88,029	96,864	101,286
Revenue
45,709	45,026	44,818	46,490	50,953	52,451	50,403	55,457	59,993	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of products and sales
12,240	12,349	12,225	11,758	13,550	14,308	13,967	15,738	16,947	13,406	15,209	16,216	21,471	4,847	20,348	19,624	20,690	22,890	21,629	21,624	22,659	23,546	22,470	23,505	24,154	22,829	21,444	22,246	22,846	20,343	20,689	20,863	23,871	20,985	22,611	25,562	26,192	23,791	23,843	24,173	25,365	25,165	23,785	21,369	23,341	26,382	26,419
Software
Revenue from contracts with customers
-	-	-	72,206	-	-	-	91,703	76,294	-	94,226	81,319	77,867	67,817	89,087	90,615	78,058	103,265	97,700	99,184	86,357	116,852	112,271	109,065	91,555	113,006	98,164	100,482	87,012	110,385	93,476	104,551	104,350	108,301	113,224	105,516	99,565	119,711	98,444	88,297	83,767	117,173	87,295	87,380	79,726	100,092	109,120
Revenue
-	-	-	72,206	-	-	-	91,703	76,294	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of products and sales
-	-	-	23,419	-	-	-	26,957	24,129	-	24,107	23,361	25,308	16,655	25,698	26,983	26,815	27,996	27,219	28,501	29,864	30,337	29,775	33,484	30,164	30,560	29,698	25,604	24,791	40,664	29,227	24,404	21,093	45,160	23,431	24,898	25,212	27,398	23,630	21,207	21,156	27,540	19,413	21,570	19,497	25,917	26,453
Rentals
Revenue from contracts with customers
0	0	0	0	0	0	0	0	0	-	-	95,447	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue
18,814	20,317	19,737	18,445	22,157	18,216	21,432	19,454	24,965	-	95,333	-	99,870	100,535	102,747	102,869	104,090	107,934	108,420	111,312	113,997	119,560	119,047	122,443	123,579	128,057	125,918	129,404	129,114	117,654	137,149	145,497	140,389	119,047	154,210	156,162	156,692	194,371	151,399	150,141	155,437	159,440	163,711	156,151	168,130	182,850	185,855
Cost of products and sales
6,378	8,307	5,090	8,418	9,715	6,792	9,174	8,464	12,748	-28,511	20,447	21,143	20,662	19,506	16,041	18,415	20,495	21,061	21,423	21,003	20,701	23,065	23,636	25,193	25,444	24,389	24,434	25,114	26,398	22,235	25,182	31,851	30,225	24,153	35,819	36,109	35,907	47,822	36,277	34,310	37,071	44,509	40,508	38,013	35,851	36,252	39,671