Pitney Bowes Announces Full Year and Fourth Quarter 2015 Financial Results

 
Pitney Bowes Inc.
Reconciliation of Reported Consolidated Results to Adjusted Results
(Unaudited; in thousands, except per share data)
 
 
        Three Months Ended December 31,   Twelve Months Ended December 31,
2015       2014         2015       2014
 
Income from continuing operations
after income taxes, as reported: $ 80,426 $ 58,952 $ 402,672 $ 300,006
Restructuring charges and asset impairments, net 9,481 44,188 18,089 59,349
Loss (gain) on sale/disposition of businesses 4,149 - (84,250 ) -
Acquisition and disposition transaction costs 48 - 11,475 -
Legal settlement - - 4,250 -
Acquisition related compensation expense - - 7,246 -
Investment divestiture - - (7,756 ) (9,774 )
Extinguishment of debt   -     -     -     37,833  
Income from continuing operations
after income taxes, as adjusted: $ 94,104   $ 103,140   $ 351,726   $ 387,414  
 
 
Diluted earnings per share from
continuing operations, as reported: $ 0.41 $ 0.29 $ 2.00 $ 1.47
Restructuring charges and asset impairments, net 0.05 0.22 0.09 0.29
Loss (gain) on sale/disposition of businesses 0.02 - (0.42 ) -
Acquisition and disposition transaction costs - - 0.06 -
Legal settlement - - 0.02 -
Acquisition related compensation expense - - 0.04 -
Investment divestiture - - (0.04 ) (0.05 )
Extinguishment of debt   -     -     -     0.19  
Diluted earnings per share from continuing
operations, as adjusted: $ 0.48   $ 0.51   $ 1.75   $ 1.90  
 
 
Net cash provided by operating activities,
as reported: $ 163,924 $ 258,094 $ 514,639 $ 655,526
Capital expenditures (36,686 ) (59,286 ) (166,329 ) (180,556 )
Restructuring payments 16,030 14,011 62,086 56,162

(Receipts) payments related to investment

  divestiture

- (59,475 ) 20,602 (5,737 )
Reserve account deposits 1,428 253 (24,202 ) (15,666 )
Acquisition related compensation payment - - 10,483 -
Tax payment related to sale of Imagitas 5,306 - 21,224 -
Cash transaction fees related to acquisitions
and dispositions 6,856 - 17,971 -
Extinguishment of debt   -     -     -     61,657  
 
Free cash flow, as adjusted: $ 156,858   $ 153,597   $ 456,474   $ 571,386  
 
 
 
Note : The sum of the earnings per share amounts may not equal the totals due to rounding.
 

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14  Next Page »



Review Article Be the first to review this article


Featured Video
Jobs
Business Partner Manager for Cityworks - Azteca Systems, LLC at Sandy, UT
GIS Analyst II for Air Worldwide at Boston, MA
Mechanical Engineer for IDEX Corporation at West Jordan,, UT
Senior Structural Engineer for Design Everest at San Francisco, CA
Upcoming Events
SPTechCon 2016, Dec 5 - 8, 2016, San Francisco, CA at San Francisco CA - Dec 5 - 8, 2016
RoboUniverse San Diego at San Diego CA - Dec 14 - 15, 2016
DGI 2017 at QEII Centre London United Kingdom - Jan 23 - 25, 2017
Trimble
Teledyne Optech
University of Denver GIS Masters Degree Online
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2016 Internet Business Systems, Inc.
595 Millich Dr., Suite 216, Campbell, CA 95008
+1 (408)-337-6870 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy Policy