Pitney Bowes 2003 Annual Report Download - page 30

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28
SUMMARY OF SELECTED FINANCIAL DATA
Dollars in thousands, except per share amounts
For the year 2003 2002 2001
As reported
Revenue $4,576,853 $4,409,758 $4,122,474
Income from continuing operations $494,847 $437,706 $514,320
Diluted earnings per share from continuing operations $2.10 $1.81 $2.08
Cash provided by operating activities $851,261 $502,559 $1,035,887
Depreciation and amortization $288,808 $264,250 $317,449
Capital expenditures $285,681 $224,834 $256,204
Cash dividends per share of common stock $1.20 $1.18 $1.16
Average common shares outstanding 236,165,024 241,483,539 247,615,560
Total assets $8,891,388 $8,732,314 $8,318,471
Total debt $3,573,784 $3,968,551 $3,494,310
Stockholders' equity $1,087,362 $853,327 $891,355
Total employees 32,474 33,130 32,724
As adjusted
EBIT $1,002,628 $1,011,781 $996,902
Income from continuing operations $569,471 $572,011 $556,274
Diluted earnings per share from continuing operations $2.41 $2.37 $2.25
Free cash flow $688,331 $681,964 $646,610
EBIT to interest 6.1x 5.6x 5.4x
Please refer to page 29 for a discussion on the presentation of adjusted financial results and a reconciliation of adjusted results to results reported in
accordance with generally accepted accounting principles (GAAP).