Pitney Bowes 2014 Annual Report Download - page 51

Download and view the complete annual report

Please find page 51 of the 2014 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 108

  • 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

PITNEY BOWES INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT)
(In thousands)
41
Preferred
stock
Preference
stock
Common
Stock
Additional
Paid-in
Capital
Retained
earnings
Accumulated
other
comprehensive
income (loss)
Treasury
stock
Total
equity
Balance at December 31, 2011 $ 4 $ 659 $ 323,338 $ 240,584 $ 4,600,217 $ (661,645) $(4,542,143) $ (38,986)
Retained earnings adjustment (see Note 14) — — — — 16,773 — — 16,773
Adjusted balance December 31, 2011 4 659 323,338 240,584 4,616,990 (661,645) (4,542,143) (22,213)
Net income - Pitney Bowes Inc. — — — — 445,163 — — 445,163
Other comprehensive loss — — — — — (19,568) — (19,568)
Cash dividends
Common — — — — (300,527) — — (300,527)
Preference — — — — (51) — — (51)
Issuances of common stock — — — (34,727) — — 41,100 6,373
Conversions to common stock — (11) — (237) — — 248 —
Stock-based compensation — — — 18,227 — — — 18,227
Balance at December 31, 2012 4 648 323,338 223,847 4,761,575 (681,213) (4,500,795) 127,404
Net income - Pitney Bowes Inc. — — — — 142,835 — — 142,835
Other comprehensive income — — — — — 106,657 — 106,657
Cash dividends
Common — — — — (188,800) — — (188,800)
Preference — — — — (46) — — (46)
Issuances of common stock — — — (40,569) — — 42,774 2,205
Conversions to common stock — (57) — (1,222) — — 1,279 —
Stock-based compensation — — — 14,921 — — — 14,921
Balance at December 31, 2013 4 591 323,338 196,977 4,715,564 (574,556) (4,456,742) 205,176
Net income - Pitney Bowes Inc. — — — — 333,755 — — 333,755
Other comprehensive loss — — — — — (271,600) — (271,600)
Cash dividends
Common — — — — (151,567) — — (151,567)
Preference — — — — (44) — — (44)
Issuances of common stock — — — (27,081) — — 28,697 1,616
Conversions to common stock (3) (43) — (970) — — 1,016 —
Stock-based compensation — — — 17,446 — — — 17,446
Repurchase of subsidiary shares from
noncontrolling interest — — — (7,520) — — — (7,520)
Repurchase of common stock — — — — — — (50,003) (50,003)
Balance at December 31, 2014 $ 1 $ 548 $ 323,338 $ 178,852 $ 4,897,708 $ (846,156) $(4,477,032) $ 77,259
See Notes to Consolidated Financial Statements