Pitney Bowes 2005 Annual Report Download - page 34

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32
For the year 2005 2004 2003
As reported
Revenue $5,492,183 $4,957,440 $4,576,853
Income from continuing operations $526,578 $480,526 $494,847
Diluted earnings per share from continuing operations $2.27 $2.05 $2.10
Cash provided by operating activities $539,593 $944,639 $851,261
Depreciation and amortization $331,963 $306,750 $288,808
Capital expenditures $291,550 $316,982 $285,681
Cash dividends per share of common stock $1.24 $1.22 $1.20
Average common shares outstanding 231,771,812 234,133,211 236,165,024
Total assets $10,621,382 $10,211,626 $8,891,388
Total debt $4,710,019 $4,380,010 $3,573,784
Stockholders’ equity $1,301,941 $1,290,081 $1,087,362
Total employees 34,165 35,183 32,474
As adjusted*
EBIT $1,139,032 $1,050,217 $1,006,260
Income from continuing operations $624,826 $593,999 $569,471
Diluted earnings per share from continuing operations $2.70 $2.54 $2.41
Free cash flow $613,095 $693,712 $688,331
EBIT to interest 5.5x 6.1x 6.0x
Summary of Selected Financial Data
Dollars in thousands, except per share amounts
*Please refer to page 33 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).