Pitney Bowes, Inc.
Period Ending Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Total Revenue 3,869,401 3,915,064 4,125,341 5,260,356
Cost of Revenue 1,697,160 1,637,838 1,708,983 2,528,520
Gross Profit 2,172,241 2,277,226 2,416,358 2,731,836
Operating Expenses
Research and Development 110,412 114,250 129,155 156,371
Sales, General and Admin. 1,432,401 1,503,104 1,587,437 1,724,283
Non-Recurring Items 84,344 17,176 118,630 181,961
Other - - - -
Operating Income 545,084 642,696 581,136 669,221
Income From Continuing Operations
Add'l Income/Expense Items (27,167) 6,844 25,713 2,587
Earnings Before Interest and Tax 517,917 649,540 606,849 671,808
Interest Expense 114,740 115,228 115,363 115,619
Earnings Before Tax 403,177 534,312 491,486 556,189
Income Tax 83,069 120,252 35,518 213,598
Minority Interest 18,375 18,376 18,375 18,324
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations 320,108 414,060 455,968 342,591
Non Recurring Events
Discontinued Operations (158,898) 49,479 179,887 (31,888)
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income 142,835 445,163 617,480 292,379
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders 142,835 445,163 617,480 292,379