| Pitney Bowes Inc. | ||||||||||||
| Revenue and EBIT | ||||||||||||
| Business Segments | ||||||||||||
| September 30, 2011 | ||||||||||||
|
(Unaudited) |
||||||||||||
| (Dollars in thousands) | Nine Months Ended September 30, | |||||||||||
| % | ||||||||||||
| 2011 | 2010 | Change | ||||||||||
|
Revenue |
||||||||||||
| North America Mailing | $ | 1,478,355 | $ | 1,571,193 | (6 | %) | ||||||
| International Mailing | 524,488 | 493,710 | 6 | % | ||||||||
| Small & Medium Business Solutions | 2,002,843 | 2,064,903 | (3 | %) | ||||||||
| Production Mail | 382,595 | 383,231 | (0 | %) | ||||||||
| Software | 304,921 | 260,424 | 17 | % | ||||||||
| Management Services | 717,513 | 748,538 | (4 | %) | ||||||||
| Mail Services | 421,611 | 425,103 | (1 | %) | ||||||||
| Marketing Services | 107,784 | 109,013 | (1 | %) | ||||||||
| Enterprise Business Solutions | 1,934,424 | 1,926,309 | 0 | % | ||||||||
| Total revenue | $ | 3,937,267 | $ | 3,991,212 | (1 | %) | ||||||
|
EBIT (1) |
||||||||||||
| North America Mailing | $ | 532,727 | $ | 555,475 | (4 | %) | ||||||
| International Mailing | 75,033 | 56,231 | 33 | % | ||||||||
| Small & Medium Business Solutions | 607,760 | 611,706 | (1 | %) | ||||||||
| Production Mail | 12,971 | 36,687 | (65 | %) | ||||||||
| Software | 31,618 | 17,082 | 85 | % | ||||||||
| Management Services | 59,256 | 65,781 | (10 | %) | ||||||||
| Mail Services | 55,191 | 45,975 | 20 | % | ||||||||
| Marketing Services | 19,668 | 20,430 | (4 | %) | ||||||||
| Enterprise Business Solutions | 178,704 | 185,955 | (4 | %) | ||||||||
| Total EBIT | $ | 786,464 | $ | 797,661 | (1 | %) | ||||||
| Unallocated amounts: | ||||||||||||
| Interest, net (2) | (148,219 | ) | (150,269 | ) | ||||||||
| Corporate expense | (128,144 | ) | (137,634 | ) | ||||||||
| Restructuring charges and asset impairments | (63,974 | ) | (103,039 | ) | ||||||||
| Goodwill impairment | (45,650 | ) | - | |||||||||
| Other income, net | (7,282 | ) | - | |||||||||
| Income from continuing operations before income taxes | $ | 393,195 | $ | 406,719 | ||||||||
| (1) | Earnings before interest and taxes (EBIT) excludes general corporate expenses, restructuring charges and asset impairments, goodwill impairment and other income, net. | |
| (2) | Interest, net includes financing interest expense, other interest expense and interest income. |
