Pitney Bowes 2007 Annual Report Download - page 32

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14
Discontinued operations
(Dollars in millions)
2007 2006
Revenue ....................................................................................... $ - $ 81
Pretax income.............................................................................. $ - $ 29
Net income................................................................................... $ 6 $ 31
Gain on sale of Imagistics, net of $7 tax expense ..................... - 11
FSC tax law change ................................................................... - (16)
Additional tax on IRS settlement .............................................. - (41)
Loss on sale of Capital Services, net of $285 tax benefit ......... - (445)
Total discontinued operations, net of tax.................................. $ 6 $ (460)
Net income in 2007 includes a gain of $11.3 million from the conclusion of certain tax issues net of an interest accrual for
uncertain tax positions of $5.8 million. In 2006, we completed the sale of our Capital Services external financing business
and our Imagistics lease portfolio. See Note 2 to the Consolidated Financial Statements for further discussion and details of
discontinued operations.