| Pitney Bowes Inc. | |||||||||||
| Revenue and EBIT | |||||||||||
| Business Segments | |||||||||||
| December 31, 2012 | |||||||||||
|
(Unaudited) |
|||||||||||
| (Dollars in thousands) | Twelve Months Ended December 31, | ||||||||||
| % | |||||||||||
| 2012 | 2011 | Change | |||||||||
|
Revenue |
|||||||||||
| North America Mailing | $ | 1,818,952 | $ | 1,961,198 | (7 | %) | |||||
| International Mailing | 675,637 | 707,416 | (4 | %) | |||||||
| Small & Medium Business Solutions | 2,494,589 | 2,668,614 | (7 | %) | |||||||
| Production Mail | 512,109 | 544,483 | (6 | %) | |||||||
| Software | 393,380 | 407,402 | (3 | %) | |||||||
| Management Services | 920,959 | 948,891 | (3 | %) | |||||||
| Mail Services | 445,092 | 411,634 | 8 | % | |||||||
| Marketing Services | 137,886 | 141,572 | (3 | %) | |||||||
| Enterprise Business Solutions | 2,409,426 | 2,453,982 | (2 | %) | |||||||
| Total Revenue | $ | 4,904,015 | $ | 5,122,596 | (4 | %) | |||||
|
EBIT (1) |
|||||||||||
| North America Mailing | $ | 688,665 | $ | 727,999 | (5 | %) | |||||
| International Mailing | 78,979 | 98,601 | (20 | %) | |||||||
| Small & Medium Business Solutions | 767,644 | 826,600 | (7 | %) | |||||||
| Production Mail | 25,644 | 32,562 | (21 | %) | |||||||
| Software | 37,958 | 38,182 | (1 | %) | |||||||
| Management Services | 55,198 | 76,321 | (28 | %) | |||||||
| Mail Services | 101,005 | 103,026 | (2 | %) | |||||||
| Marketing Services | 28,061 | 26,184 | 7 | % | |||||||
| Enterprise Business Solutions | 247,866 | 276,275 | (10 | %) | |||||||
| Total EBIT | $ | 1,015,510 | $ | 1,102,875 | (8 | %) | |||||
| Unallocated amounts: | |||||||||||
| Interest, net | (188,386 | ) | (197,266 | ) | |||||||
| Corporate and other expenses | (199,394 | ) | (198,020 | ) | |||||||
| Restructuring and asset impairments | (23,117 | ) | (136,548 | ) | |||||||
| Goodwill impairment | - | (84,500 | ) | ||||||||
| Income from continuing operations before income taxes | $ |
604,613 |
$ | 486,541 | |||||||
| (1) | Earnings before interest and taxes (EBIT) excludes general corporate expenses, restructuring charges and asset impairments and goodwill impairment. | |
| (2) | Interest, net includes financing interest expense, other interest expense and interest income. | |
