Pitney Bowes 2010 Annual Report Download - page 114

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
95
2009
First
Quarter Second
Quarter Third
Quarter Fourth
Quarter Full
Year
Total revenue $ 1,379,584 $ 1,378,462 $ 1,356,820 $ 1,454,305 $ 5,569,171
Gross profit (1) 701,988 685,596 688,373 755,190 2,831,147
Restructuring charges and asset impairments - - 12,845 35,901 48,746
Income from continuing operations 106,300 116,731 110,278 119,713 453,022
Gain (loss) from discontinued operations,
net of income tax 2,623 5,102 (2,429) (13,405) (8,109)
Net income before attribution of
noncontrolling interests 108,923 121,833 107,849 106,308 444,913
Less: Preferred stock dividends of subsidiaries
attributable to noncontrolling interests 4,521 4,571 4,622 7,754 21,468
Net income $ 104,402 $ 117,262 $ 103,227 $ 98,554 $ 423,445
Amounts attributable to common stockholders:
Income from continuing operations $ 101,779 $ 112,160 $ 105,656 $ 111,959 $ 431,554
Gain (loss) from discontinued operations 2,623 5,102 (2,429) (13,405) (8,109)
Net income $ 104,402 $ 117,262 $ 103,227 $ 98,554 $ 423,445
Basic earnings per share attributable to common stockholders (2):
Continuing operations $ 0.49 $ 0.54 $ 0.51 $ 0.54 $ 2.09
Discontinued operations 0.01 0.02 (0.01) (0.06) (0.04)
Net income $ 0.51 $ 0.57 $ 0.50 $ 0.48 $ 2.05
Diluted earnings per share attributable to common stockholders (2):
Continuing operations $ 0.49 $ 0.54 $ 0.51 $ 0.54 $ 2.08
Discontinued operations 0.01 0.02 (0.01) (0.06) (0.04)
Net income $ 0.50 $ 0.57 $ 0.50 $ 0.47 $ 2.04
(1) Gross profit is defined as total revenue less cost of equipment sales, cost of supplies, cost of software, cost of rentals, financing interest expense,
cost of support services and cost of business services.
(2) The sum of the quarterly earnings per share amounts may not equal the annual amount due to rounding.