|
Pitney Bowes Inc.
(Unaudited) |
||||||||||||||
| (Dollars in thousands) | Three Months Ended March 31, | |||||||||||||
| 2013 | 2012 |
%
|
||||||||||||
|
Revenue |
||||||||||||||
| North America Mailing | $ | 430,375 | $ | 461,305 | (7 | %) | ||||||||
| International Mailing | 167,455 | 168,014 | (0 | %) | ||||||||||
| Small & Medium Business Solutions | 597,830 | 629,319 | (5 | %) | ||||||||||
| Production Mail | 118,802 | 115,016 | 3 | % | ||||||||||
| Software | 80,721 | 100,327 | (20 | %) | ||||||||||
| Management Services | 225,256 | 230,630 | (2 | %) | ||||||||||
| Mail Services | 118,855 | 114,636 | 4 | % | ||||||||||
| Marketing Services | 25,492 | 30,208 | (16 | %) | ||||||||||
| Enterprise Business Solutions | 569,126 | 590,817 | (4 | %) | ||||||||||
| Total Revenue | $ | 1,166,956 | $ | 1,220,136 | (4 | %) | ||||||||
|
EBIT (1) |
||||||||||||||
| North America Mailing | $ | 154,505 | $ | 178,171 | (13 | %) | ||||||||
| International Mailing | 17,749 | 19,997 | (11 | %) | ||||||||||
| Small & Medium Business Solutions | 172,254 | 198,168 | (13 | %) | ||||||||||
| Production Mail | 3,055 | 2,779 | 10 | % | ||||||||||
| Software | 4,890 | 10,692 | (54 | %) | ||||||||||
| Management Services | 12,545 | 13,315 | (6 | %) | ||||||||||
| Mail Services | 19,349 | 34,245 | (43 | %) | ||||||||||
| Marketing Services | 1,986 | 4,817 | (59 | %) | ||||||||||
| Enterprise Business Solutions | 41,825 | 65,848 | (36 | %) | ||||||||||
| Total EBIT | $ | 214,079 | $ | 264,016 | (19 | %) | ||||||||
| Unallocated amounts: | ||||||||||||||
| Interest, net | (48,866 | ) | (48,773 | ) | ||||||||||
| Corporate and other expenses | (63,502 | ) | (54,214 | ) | ||||||||||
| Income from continuing operations before income taxes | $ | 101,711 | $ | 161,029 | ||||||||||
| (1) | Earnings before interest and taxes (EBIT) excludes general corporate expenses. | |
| (2) | Interest, net includes financing interest expense, other interest expense and interest income. | |
