Pitney Bowes 2012 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2012 Pitney Bowes annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 116

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116

PITNEY BOWES INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
36
Years Ended December 31,
2012 2011 2010
Net income - Pitney Bowes Inc. $ 445,163 $ 617,480 $ 292,379
Other comprehensive income, net of tax:
Foreign currency translations (2,702) (53,569) (15,685)
Net unrealized gain on cash flow hedges, net of tax of $429, $1,278 and $837,
respectively 661 2,007 1,293
Net unrealized gain on investment securities, net of tax of $81, $1,885 and $505,
respectively 126 2,948 790
Adjustments to pension and postretirement plans, net of tax benefit of $(38,934),
$(93,251) and $(17,183), respectively (70,232) (173,699) (28,710)
Amortization of pension and postretirement costs, net of tax of $28,701, $19,601 and
$16,028, respectively 52,579 34,474 28,298
Other comprehensive loss (19,568) (187,839) (14,014)
Comprehensive income - Pitney Bowes Inc. 425,595 429,641 278,365
Preferred stock dividends of subsidiaries attributable to noncontrolling interests 18,376 18,375 18,324
Total comprehensive income $ 443,971 $ 448,016 $ 296,689
See Notes to Consolidated Financial Statements