Pitney Bowes Inc. | |||||||||||||||||
Revenue and EBIT | |||||||||||||||||
Business Segments | |||||||||||||||||
(Unaudited; in thousands) |
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Twelve Months Ended December 31, | |||||||||||||||||
% | |||||||||||||||||
2015 | 2014 | Change | |||||||||||||||
Revenue |
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North America Mailing | $ | 1,435,140 | $ | 1,491,927 | (4 | %) | |||||||||||
International Mailing | 445,328 | 572,440 | (22 | %) | |||||||||||||
Small & Medium Business Solutions | 1,880,468 | 2,064,367 | (9 | %) | |||||||||||||
Production Mail | 421,178 | 462,199 | (9 | %) | |||||||||||||
Presort Services | 473,612 | 456,556 | 4 | % | |||||||||||||
Enterprise Business Solutions | 894,790 | 918,755 | (3 | %) | |||||||||||||
Software Solutions | 385,908 | 428,662 | (10 | %) | |||||||||||||
Global Ecommerce | 362,087 | 281,643 | 29 | % | |||||||||||||
Digital Commerce Solutions | 747,995 | 710,305 | 5 | % | |||||||||||||
Other | 54,807 | 128,077 | (57 | %) | |||||||||||||
Total revenue | $ | 3,578,060 | $ | 3,821,504 | (6 | %) | |||||||||||
EBIT (1) |
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North America Mailing | $ | 646,913 | $ | 642,521 | 1 | % | |||||||||||
International Mailing | 51,070 | 88,710 | (42 | %) | |||||||||||||
Small & Medium Business Solutions | 697,983 | 731,231 | (5 | %) | |||||||||||||
Production Mail | 48,254 | 47,543 | 1 | % | |||||||||||||
Presort Services | 104,655 | 98,230 | 7 | % | |||||||||||||
Enterprise Business Solutions | 152,909 | 145,773 | 5 | % | |||||||||||||
Software Solutions | 48,531 | 51,193 | (5 | %) | |||||||||||||
Global Ecommerce | 19,229 | 16,633 | 16 | % | |||||||||||||
Digital Commerce Solutions | 67,760 | 67,826 | (0 | %) | |||||||||||||
Other | 10,569 | 19,240 | (45 | %) | |||||||||||||
Total EBIT | 929,221 | 964,070 | (4 | %) | |||||||||||||
Unallocated amounts: | |||||||||||||||||
Interest, net (2) | (159,374 | ) | (169,450 | ) | |||||||||||||
Corporate and other expenses | (213,095 | ) | (233,126 | ) | |||||||||||||
Restructuring charges and asset impairments, net | (25,782 | ) | (84,560 | ) | |||||||||||||
Other income (expense), net | 94,838 | (45,738 | ) | ||||||||||||||
Acquisition/disposition related expenses | (14,983 | ) | - | ||||||||||||||
Income from continuing operations before income taxes | $ | 610,825 | $ | 431,196 | |||||||||||||
(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. |