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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
52
The following tables provide information about our reportable segments.
Revenues
Years Ended December 31,
2015 2014 2013
North America Mailing $ 1,435,140 $ 1,491,927 $ 1,555,585
International Mailing 445,328 572,440 602,582
Small & Medium Business Solutions 1,880,468 2,064,367 2,158,167
Production Mail 421,178 462,199 511,544
Presort Services 473,612 456,556 430,469
Enterprise Business Solutions 894,790 918,755 942,013
Software Solutions 385,908 428,662 395,038
Global Ecommerce 362,087 281,643 169,908
Digital Commerce Solutions 747,995 710,305 564,946
Other 54,807 128,077 126,209
Total revenue $ 3,578,060 $ 3,821,504 $ 3,791,335
Geographic Data:
United States $ 2,681,285 $ 2,743,957 $ 2,654,301
Outside United States 896,775 1,077,547 1,137,034
Total $ 3,578,060 $ 3,821,504 $ 3,791,335
EBIT
Years Ended December 31,
2015 2014 2013
North America Mailing $ 646,913 $ 642,521 $ 640,830
International Mailing 51,070 88,710 71,516
Small & Medium Business Solutions 697,983 731,231 712,346
Production Mail 48,254 47,543 55,000
Presort Services 104,655 98,230 83,259
Enterprise Business Solutions 152,909 145,773 138,259
Software Solutions 48,531 51,193 47,707
Global Ecommerce 19,229 16,633 1,214
Digital Commerce Solutions 67,760 67,826 48,921
Other 10,569 19,240 5,856
Total EBIT 929,221 964,070 905,382
Reconciling items:
Interest, net (159,374)(169,450) (186,987)
Unallocated corporate expenses (213,095)(233,126) (217,458)
Restructuring charges and asset impairments, net (25,782)(84,560) (84,344)
Acquisition/disposition related expenses (14,983)——
Other income (expense), net 94,838 (45,738) (32,639)
Income from continuing operations before income taxes $ 610,825 $ 431,196 $ 383,954