Pitney Bowes 2004 Annual Report Download - page 30

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SUMMARY OF SELECTED FINANCIAL DATA
Dollars in thousands, except per share amounts
28
FOR THE YEAR 2004 2003 2002
As reported
Revenue $4,957,440 $4,576,853 $4,409,758
Income from continuing operations $480,526 $494,847 $437,706
Diluted earnings per share from continuing operations $2.05 $2.10 $1.81
Cash provided by operating activities $944,639 $851,261 $502,559
Depreciation and amortization $306,750 $288,808 $264,250
Capital expenditures $316,982 $285,681 $224,834
Cash dividends per share of common stock $1.22 $1.20 $1.18
Average common shares outstanding 234,133,211 236,165,024 241,483,539
Total assets $9,820,580 $8,891,388 $8,732,314
Total debt $3,982,687 $3,573,784 $3,968,551
Stockholders’ equity $1,290,081 $1,087,362 $853,327
Total employees 35,183 32,474 33,130
As adjusted*
EBIT $1,045,494 $1,002,628 $1,011,781
Income from continuing operations $593,999 $569,471 $572,011
Diluted earnings per share from continuing operations $2.54 $2.41 $2.37
Free cash flow $693,712 $688,331 $681,964
EBIT to interest 6.2x 6.1x 5.6x
*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).