Pitney Bowes Inc
NYSE:PBI
Income Statement
Earnings Waterfall
Pitney Bowes Inc
Revenue
|
3.3B
USD
|
Cost of Revenue
|
-2.2B
USD
|
Gross Profit
|
1B
USD
|
Operating Expenses
|
-930.4m
USD
|
Operating Income
|
91.6m
USD
|
Other Expenses
|
-477.3m
USD
|
Net Income
|
-385.6m
USD
|
Income Statement
Pitney Bowes Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
3 791
N/A
|
3 820
+1%
|
3 827
+0%
|
3 848
+1%
|
3 822
-1%
|
3 775
-1%
|
3 697
-2%
|
3 625
-2%
|
3 578
-1%
|
3 532
-1%
|
3 487
-1%
|
3 456
-1%
|
2 981
-14%
|
3 305
+11%
|
3 200
-3%
|
3 094
-3%
|
2 784
-10%
|
3 277
+18%
|
3 244
-1%
|
3 271
+1%
|
3 212
-2%
|
3 110
-3%
|
3 201
+3%
|
3 231
+1%
|
3 205
-1%
|
3 206
+0%
|
3 255
+2%
|
3 357
+3%
|
3 554
+6%
|
3 673
+3%
|
3 735
+2%
|
3 718
0%
|
3 674
-1%
|
3 685
+0%
|
3 658
-1%
|
3 613
-1%
|
3 538
-2%
|
3 446
-3%
|
3 351
-3%
|
3 303
-1%
|
3 266
-1%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 651)
|
(1 668)
|
(1 680)
|
(1 706)
|
(1 681)
|
(1 661)
|
(1 623)
|
(1 578)
|
(1 559)
|
(1 533)
|
(1 520)
|
(1 521)
|
(1 229)
|
(1 460)
|
(1 408)
|
(1 359)
|
(1 328)
|
(1 590)
|
(1 673)
|
(1 764)
|
(1 790)
|
(1 790)
|
(1 855)
|
(1 903)
|
(1 923)
|
(1 958)
|
(2 055)
|
(2 195)
|
(2 405)
|
(2 529)
|
(2 574)
|
(2 568)
|
(2 552)
|
(2 556)
|
(2 556)
|
(2 535)
|
(2 458)
|
(2 397)
|
(2 319)
|
(2 279)
|
(2 244)
|
|
Gross Profit |
2 141
N/A
|
2 151
+0%
|
2 148
0%
|
2 142
0%
|
2 141
0%
|
2 113
-1%
|
2 074
-2%
|
2 047
-1%
|
2 019
-1%
|
1 999
-1%
|
1 967
-2%
|
1 935
-2%
|
1 752
-9%
|
1 845
+5%
|
1 792
-3%
|
1 735
-3%
|
1 456
-16%
|
1 687
+16%
|
1 570
-7%
|
1 506
-4%
|
1 421
-6%
|
1 320
-7%
|
1 347
+2%
|
1 328
-1%
|
1 283
-3%
|
1 248
-3%
|
1 200
-4%
|
1 162
-3%
|
1 149
-1%
|
1 144
-1%
|
1 160
+1%
|
1 150
-1%
|
1 122
-2%
|
1 129
+1%
|
1 101
-2%
|
1 078
-2%
|
1 080
+0%
|
1 049
-3%
|
1 032
-2%
|
1 025
-1%
|
1 022
0%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(1 547)
|
(1 583)
|
(1 567)
|
(1 552)
|
(1 529)
|
(1 431)
|
(1 322)
|
(1 302)
|
(1 288)
|
(1 308)
|
(1 372)
|
(1 365)
|
(1 253)
|
(1 280)
|
(1 276)
|
(1 266)
|
(1 100)
|
(1 303)
|
(1 223)
|
(1 170)
|
(1 058)
|
(1 019)
|
(1 037)
|
(1 049)
|
(1 075)
|
(1 089)
|
(1 059)
|
(1 023)
|
(1 008)
|
(1 015)
|
(1 025)
|
(1 022)
|
(1 014)
|
(967)
|
(972)
|
(954)
|
(954)
|
(949)
|
(942)
|
(938)
|
(930)
|
|
Selling, General & Administrative |
(1 404)
|
(1 407)
|
(1 390)
|
(1 389)
|
(1 374)
|
(1 337)
|
(1 322)
|
(1 284)
|
(1 273)
|
(1 292)
|
(1 256)
|
(1 249)
|
(1 140)
|
(1 154)
|
(1 154)
|
(1 142)
|
(1 029)
|
(1 183)
|
(1 133)
|
(1 089)
|
(969)
|
(923)
|
(931)
|
(953)
|
(1 004)
|
(1 001)
|
(993)
|
(967)
|
(963)
|
(953)
|
(955)
|
(942)
|
(924)
|
(929)
|
(919)
|
(904)
|
(906)
|
(905)
|
(901)
|
(901)
|
(897)
|
|
Research & Development |
(111)
|
(107)
|
(109)
|
(110)
|
(110)
|
(110)
|
(110)
|
(113)
|
(110)
|
(111)
|
(117)
|
(116)
|
(107)
|
(124)
|
(120)
|
(120)
|
(61)
|
(114)
|
(88)
|
(75)
|
(59)
|
(47)
|
(56)
|
(52)
|
(51)
|
(51)
|
(45)
|
(42)
|
(38)
|
(38)
|
(41)
|
(43)
|
(47)
|
(47)
|
(47)
|
(46)
|
(44)
|
(43)
|
(42)
|
(42)
|
(41)
|
|
Other Operating Expenses |
(33)
|
(69)
|
(69)
|
(53)
|
(46)
|
16
|
109
|
95
|
95
|
95
|
1
|
(1)
|
(5)
|
(2)
|
(3)
|
(4)
|
(9)
|
(6)
|
(2)
|
(7)
|
(30)
|
(49)
|
(50)
|
(44)
|
(20)
|
(36)
|
(21)
|
(15)
|
(6)
|
(25)
|
(29)
|
(38)
|
(43)
|
8
|
(6)
|
(4)
|
(4)
|
(2)
|
1
|
5
|
8
|
|
Operating Income |
594
N/A
|
568
-4%
|
580
+2%
|
590
+2%
|
611
+4%
|
682
+12%
|
752
+10%
|
745
-1%
|
731
-2%
|
691
-5%
|
595
-14%
|
570
-4%
|
499
-12%
|
566
+13%
|
516
-9%
|
469
-9%
|
357
-24%
|
383
+8%
|
347
-10%
|
336
-3%
|
363
+8%
|
302
-17%
|
310
+3%
|
279
-10%
|
207
-26%
|
160
-23%
|
141
-12%
|
139
-2%
|
141
+2%
|
128
-9%
|
135
+5%
|
128
-5%
|
108
-15%
|
162
+49%
|
129
-20%
|
124
-4%
|
127
+3%
|
100
-22%
|
90
-10%
|
87
-3%
|
92
+6%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(126)
|
(117)
|
(110)
|
(97)
|
(96)
|
(95)
|
(87)
|
(91)
|
(94)
|
(83)
|
(92)
|
(93)
|
(89)
|
(106)
|
(107)
|
(112)
|
(118)
|
(120)
|
(106)
|
(101)
|
(149)
|
(150)
|
(165)
|
(158)
|
(111)
|
(99)
|
(97)
|
(107)
|
(106)
|
(105)
|
(103)
|
(100)
|
(97)
|
(94)
|
(91)
|
(90)
|
(90)
|
(90)
|
(92)
|
(95)
|
(100)
|
|
Non-Reccuring Items |
(84)
|
(94)
|
(83)
|
(53)
|
(85)
|
(75)
|
(81)
|
(76)
|
(26)
|
(33)
|
(45)
|
(61)
|
(208)
|
(229)
|
(229)
|
(214)
|
(45)
|
(56)
|
(41)
|
(46)
|
(26)
|
(29)
|
(23)
|
(64)
|
(70)
|
(268)
|
(267)
|
(224)
|
(219)
|
(20)
|
(20)
|
(20)
|
(19)
|
(23)
|
(22)
|
(14)
|
(11)
|
(6)
|
(142)
|
(163)
|
(398)
|
|
Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
14
|
0
|
14
|
14
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
(1)
|
1
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
384
N/A
|
357
-7%
|
386
+8%
|
440
+14%
|
431
-2%
|
512
+19%
|
583
+14%
|
578
-1%
|
611
+6%
|
575
-6%
|
459
-20%
|
416
-9%
|
202
-51%
|
231
+15%
|
180
-22%
|
143
-21%
|
194
+35%
|
208
+7%
|
200
-4%
|
189
-6%
|
188
0%
|
123
-35%
|
122
-1%
|
57
-53%
|
27
-53%
|
(207)
N/A
|
(223)
-8%
|
(192)
+14%
|
(183)
+5%
|
4
N/A
|
13
+255%
|
8
-34%
|
(7)
N/A
|
59
N/A
|
31
-48%
|
34
+10%
|
40
+18%
|
4
-90%
|
(144)
N/A
|
(171)
-19%
|
(407)
-137%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(78)
|
(68)
|
(90)
|
(106)
|
(113)
|
(155)
|
(161)
|
(179)
|
(190)
|
(176)
|
(157)
|
(138)
|
(107)
|
(122)
|
(89)
|
(77)
|
(53)
|
(31)
|
(31)
|
(18)
|
(43)
|
(32)
|
(35)
|
(13)
|
13
|
31
|
18
|
(8)
|
(7)
|
(3)
|
9
|
11
|
11
|
(7)
|
5
|
(1)
|
(3)
|
5
|
7
|
16
|
21
|
|
Income from Continuing Operations |
306
|
288
|
296
|
335
|
318
|
357
|
422
|
400
|
421
|
399
|
301
|
278
|
95
|
109
|
91
|
66
|
141
|
176
|
168
|
171
|
145
|
91
|
87
|
44
|
40
|
(176)
|
(205)
|
(200)
|
(190)
|
0
|
22
|
19
|
4
|
52
|
35
|
32
|
37
|
8
|
(137)
|
(155)
|
(386)
|
|
Income to Minority Interest |
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Income (Common) |
143
N/A
|
120
-16%
|
224
+86%
|
361
+62%
|
334
-8%
|
370
+11%
|
427
+16%
|
384
-10%
|
408
+6%
|
385
-6%
|
287
-25%
|
263
-8%
|
93
-65%
|
100
+8%
|
95
-5%
|
87
-9%
|
243
+180%
|
256
+5%
|
259
+1%
|
282
+9%
|
242
-14%
|
179
-26%
|
151
-16%
|
68
-55%
|
194
+186%
|
(11)
N/A
|
(38)
-241%
|
(24)
+38%
|
(180)
-660%
|
(3)
+98%
|
20
N/A
|
17
-12%
|
(1)
N/A
|
51
N/A
|
35
-30%
|
32
-10%
|
37
+16%
|
8
-77%
|
(137)
N/A
|
(155)
-13%
|
(386)
-148%
|
|
EPS (Diluted) |
0.7
N/A
|
0.58
-17%
|
1.09
+88%
|
1.77
+62%
|
1.63
-8%
|
1.82
+12%
|
2.1
+15%
|
1.91
-9%
|
2.02
+6%
|
1.99
-1%
|
1.52
-24%
|
1.41
-7%
|
0.49
-65%
|
0.53
+8%
|
0.5
-6%
|
0.46
-8%
|
1.29
+180%
|
1.36
+5%
|
1.35
-1%
|
1.49
+10%
|
1.28
-14%
|
0.96
-25%
|
0.84
-13%
|
0.39
-54%
|
1.09
+179%
|
-0.06
N/A
|
-0.22
-267%
|
-0.13
+41%
|
-1.05
-708%
|
-0.01
+99%
|
0.12
N/A
|
0.11
-8%
|
0
N/A
|
0.29
N/A
|
0.2
-31%
|
0.18
-10%
|
0.21
+17%
|
0.05
-76%
|
-0.78
N/A
|
-0.89
-14%
|
-2.2
-147%
|