Pitney Bowes 2014 Annual Report Download - page 48

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PITNEY BOWES INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In thousands)
38
Years Ended December 31,
2014 2013 2012
Net income $ 352,130 $ 161,210 $ 463,539
Less: Preferred stock dividends attributable to noncontrolling interests 18,375 18,375 18,376
Net income - Pitney Bowes Inc. 333,755 142,835 445,163
Other comprehensive (loss) income, net of tax:
Foreign currency translations (93,368) (46,236) (2,702)
Net unrealized gain on cash flow hedges, net of tax of $1,080, $894 and $429,
respectively 1,691 1,397 661
Net unrealized gain (loss) on investment securities, net of tax of $2,775, $(3,689) and
$81, respectively 4,735 (6,282) 126
Adjustments to pension and postretirement plans, net of tax of $(106,336), $64,316 and
$(38,934), respectively (212,818) 122,023 (70,232)
Amortization of pension and postretirement costs, net of tax of $15,643, $19,228 and
$21,876, respectively 28,160 35,755 52,579
Other comprehensive (loss) income (271,600) 106,657 (19,568)
Comprehensive income - Pitney Bowes Inc. $ 62,155 $ 249,492 $ 425,595
See Notes to Consolidated Financial Statements