| Pitney Bowes Inc. | ||||||||||||
| Revenue and EBIT | ||||||||||||
| Business Segments | ||||||||||||
|
(Unaudited; in thousands) |
||||||||||||
| Nine Months Ended September 30, | ||||||||||||
| % | ||||||||||||
| 2015 | 2014 | Change | ||||||||||
|
Revenue |
||||||||||||
| North America Mailing | $ | 1,071,824 | $ | 1,115,506 | (4 | %) | ||||||
| International Mailing | 331,398 | 438,819 | (24 | %) | ||||||||
| Small & Medium Business Solutions | 1,403,222 | 1,554,325 | (10 | %) | ||||||||
| Production Mail | 298,880 | 330,469 | (10 | %) | ||||||||
| Presort Services | 351,365 | 339,206 | 4 | % | ||||||||
| Enterprise Business Solutions | 650,245 | 669,675 | (3 | %) | ||||||||
| Software Solutions | 282,916 | 312,200 | (9 | %) | ||||||||
| Global Ecommerce | 249,923 | 204,399 | 22 | % | ||||||||
| Digital Commerce Solutions | 532,839 | 516,599 | 3 | % | ||||||||
| Other | 54,807 | 96,992 | (43 | %) | ||||||||
| Total revenue | $ | 2,641,113 | $ | 2,837,591 | (7 | %) | ||||||
|
EBIT (1) |
||||||||||||
| North America Mailing | $ | 482,376 | $ | 476,757 | 1 | % | ||||||
| International Mailing | 36,585 | 67,347 | (46 | %) | ||||||||
| Small & Medium Business Solutions | 518,961 | 544,104 | (5 | %) | ||||||||
| Production Mail | 31,461 | 27,865 | 13 | % | ||||||||
| Presort Services | 76,946 | 68,235 | 13 | % | ||||||||
| Enterprise Business Solutions | 108,407 | 96,100 | 13 | % | ||||||||
| Software Solutions | 34,904 | 30,620 | 14 | % | ||||||||
| Global Ecommerce | 9,962 | 9,100 | 9 | % | ||||||||
| Digital Commerce Solutions | 44,866 | 39,720 | 13 | % | ||||||||
| Other | 10,569 | 13,965 | (24 | %) | ||||||||
| Total EBIT | 682,803 | 693,889 | (2 | %) | ||||||||
| Unallocated amounts: | ||||||||||||
| Interest, net (2) | (119,371 | ) | (127,437 | ) | ||||||||
| Corporate and other expenses | (151,959 | ) | (163,532 | ) | ||||||||
| Restructuring charges and asset impairments, net | (14,305 | ) | (22,666 | ) | ||||||||
| Other income (expense), net | 94,916 | (45,738 | ) | |||||||||
| Acquisition related compensation expense | (10,483 | ) | - | |||||||||
| Income from continuing operations before income taxes | $ | 481,601 | $ | 334,516 | ||||||||
| (1) | Segment EBIT excludes interest, taxes, general corporate expenses, restructuring charges and other items, which are not allocated to a particular business segment. | |
| (2) | Includes financing interest expense and interest expense, net. | |
