Pitney Bowes Announces Second Quarter 2014 Results


Pitney Bowes Inc.
Reconciliation of Reported Consolidated Results to Adjusted Results
(Unaudited)

(Dollars in thousands, except per share data)

	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013

GAAP income from continuing operations
after income taxes, as reported	$	87,548	$	80,021	$	129,420	$	139,497
Restructuring charges		5,577		13,126		12,258		13,126
Extinguishment of debt		-		-		37,833		15,325
Income from continuing operations
after income taxes, as adjusted		93,125		93,147		179,511		167,948
Provision for income taxes, as adjusted		49,057		30,123		84,077		57,715
Preferred stock dividends of subsidiaries
attributable to noncontrolling interests		4,594		4,594		9,188		9,188
Income from continuing operations before income taxes, as adjusted		146,776		127,864		272,776		234,851
Interest, net		41,895		48,996		85,612		97,006
Adjusted EBIT from continuing operations		188,671		176,860		358,388		331,857
Depreciation and amortization		49,122		52,667		92,863		103,199
Adjusted EBITDA from continuing operations	$	237,793	$	229,527	$	451,251	$	435,056

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 Next Page »