| Pitney Bowes Inc. | ||||||||||||||||||||||||
| Reconciliation of Reported Consolidated Results to Adjusted Results | ||||||||||||||||||||||||
| (Unaudited; in thousands, except per share amounts) | ||||||||||||||||||||||||
|
Three months ended
|
Six months ended
|
|||||||||||||||||||||||
| 2018 | 2017 | Y/Y Chg. | 2018 | 2017 | Y/Y Chg. | |||||||||||||||||||
| Reconciliation of reported revenue to revenue excluding currency | ||||||||||||||||||||||||
| Revenue, as reported | $ | 861,436 | $ | 730,413 | $ | 1,742,384 | $ | 1,473,593 | ||||||||||||||||
| Favorable impact on revenue due to currency | (7,683 | ) | - | (23,609 | ) | - | ||||||||||||||||||
| Revenue, excluding currency | $ | 853,753 | $ | 730,413 | 17 | % | $ | 1,718,775 | $ | 1,473,593 | 17 | % | ||||||||||||
| Reconciliation of reported net income to adjusted net income | ||||||||||||||||||||||||
| Net income | $ | 48,214 | $ | 48,901 | $ | 101,727 | $ | 114,034 | ||||||||||||||||
| Income from discontinued operations, net of tax | (1,208 | ) | (7,440 | ) | (9,695 | ) | (15,149 | ) | ||||||||||||||||
| Restructuring charges and asset impairments, net | 8,461 | 17,398 | 9,132 | 18,435 | ||||||||||||||||||||
| Tax legislation | (5,980 | ) | - | (5,980 | ) | - | ||||||||||||||||||
| Transaction costs | - | - | 786 | - | ||||||||||||||||||||
| Gain on sale of technology | - | (5,605 | ) | - | (5,605 | ) | ||||||||||||||||||
| Net income, as adjusted | $ | 49,487 | $ | 53,254 | $ | 95,970 | $ | 111,715 | ||||||||||||||||
| Reconciliation of reported diluted earnings per share to adjusted diluted earnings per share | ||||||||||||||||||||||||
| Diluted earnings per share | $ | 0.26 | $ | 0.26 | $ | 0.54 | $ | 0.61 | ||||||||||||||||
| Income from discontinued operations, net of tax | (0.01 | ) | (0.04 | ) | (0.05 | ) | (0.08 | ) | ||||||||||||||||
| Restructuring charges and asset impairments, net | 0.05 | 0.09 | 0.05 | 0.10 | ||||||||||||||||||||
| Tax legislation | (0.03 | ) | - | (0.03 | ) | - | ||||||||||||||||||
| Transaction costs | - | - | - | - | ||||||||||||||||||||
| Gain on sale of technology | - | (0.03 | ) | - | (0.03 | ) | ||||||||||||||||||
| Diluted earnings per share, as adjusted | $ | 0.26 | $ | 0.28 | $ | 0.51 | $ | 0.60 | ||||||||||||||||
| Note : The sum of the earnings per share amounts may not equal the totals due to rounding. | ||||||||||||||||||||||||
| Reconciliation of reported net cash from operating activities to free cash flow | ||||||||||||||||||||||||
| Net cash provided by operating activities | $ | 92,362 | $ | 30,641 | $ | 175,034 | $ | 184,647 | ||||||||||||||||
| Net cash provided by operating activities - discontinued operations | (16,916 | ) | (10,248 | ) | (41,772 | ) | (14,096 | ) | ||||||||||||||||
| Capital expenditures | (57,962 | ) | (40,140 | ) | (100,022 | ) | (75,844 | ) | ||||||||||||||||
| Restructuring payments | 11,943 | 5,667 | 27,528 | 17,651 | ||||||||||||||||||||
| Reserve account deposits | (695 | ) | 21,860 | 5,959 | 2,514 | |||||||||||||||||||
| Transaction costs paid | 1,444 | - | 4,037 | - | ||||||||||||||||||||
| Free cash flow | $ | 30,176 | $ | 7,780 | $ | 70,764 | $ | 114,872 | ||||||||||||||||
Pitney Bowes Announces Second Quarter 2018 Financial Results
 |  | More GIS News
|
|
RELATED NEWS
