Pitney Bowes 2011 Annual Report Download - page 55

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37
PITNEY BOWES INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
Years ended December 31,
2011 2010 2009
Net income - Pitney Bowes Inc. $ 617,480 $ 292,379 $ 423,445
Other comprehensive income, net of tax:
Foreign currency translations (53,569) (15,685) 119,820
Net unrealized gain on cash flow hedges, net of tax expense of
$1,278, $837 and $4,865, respectively 2,007 1,293 7,214
Net unrealized gain (loss) on investment securities, net of tax
expense/(benefit) of $1,885, $505 and $(140), respectively 2,948 790 (283)
Adjustments to pension and postretirement plans, net of tax
(benefit)/expense of $(93,251), $(17,183) and $8,420,
respectively
(173,699) (28,710) (5,116)
Amortization of pension and post retirement costs, net of tax
expense of $19,601, $16,028 and $10,627, respectively 34,474 28,298 17,328
Other comprehensive (loss) income
(187,839) (14,014) 138,963
Comprehensive income - Pitney Bowes Inc. $ 429,641 $ 278,365 $ 562,408
See Notes to Consolidated Financial Statements