PITNEY BOWES INC
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.78B | $2.98B | $3.58B | $3.82B | $3.79B | $3.82B | $4.13B | $5.26B |
| Cost of Revenue | $1.43B | $1.51B | $1.56B | $1.68B | $1.65B | — | — | — |
| Gross Profit | $1.35B | $1.47B | $2.02B | $2.14B | $2.14B | — | — | $2.75B |
| Gross Margin | 48.5% | 49.2% | 56.4% | 56.0% | 56.5% | — | — | 52.2% |
| Operating Expenses | ||||||||
| Research & Development | $60.9M | $107.4M | $110.2M | $109.9M | $110.4M | $114.3M | $129.2M | $156.4M |
| SG&A Expense | $1.03B | $1.14B | $1.28B | $1.38B | $1.42B | $1.49B | $1.59B | $1.72B |
| Operating Income | $311.7M | $290.8M | $698.4M | $522.1M | $493.2M | $627.0M | $606.8M | $671.8M |
| Operating Margin | 11.2% | 9.8% | 19.5% | 13.7% | 13.0% | 16.4% | 14.7% | 12.8% |
| Interest Expense | $118.0M | $89.0M | $87.6M | $90.9M | $109.3M | $115.2M | $115.4M | $115.6M |
| Pretax Income | $193.7M | $201.8M | $610.8M | $431.2M | $384.0M | $511.8M | $491.5M | $556.2M |
| Income Tax Expense | $13.7M | $107.0M | $189.8M | $112.8M | $78.0M | $114.3M | $35.5M | $213.6M |
| Net Income | $243.5M | $92.8M | $407.9M | $333.8M | $142.8M | $445.2M | $617.5M | $292.4M |
| Net Margin | 8.7% | 3.1% | 11.4% | 8.7% | 3.8% | 11.6% | 15.0% | 5.6% |
| EPS (Basic) | $1.31 | $0.49 | $2.04 | $1.65 | $0.71 | $2.22 | $3.06 | $1.42 |
| EPS (Diluted) | $1.30 | $0.49 | $2.03 | $1.64 | $0.70 | $2.21 | $3.05 | $1.41 |
| Shares Outstanding (Basic) | 186.3M | 187.9M | 199.8M | 202.0M | 201.6M | 200.4M | 202.0M | 206.0M |
| Shares Outstanding (Diluted) | 187.4M | 189.0M | 200.9M | 204.0M | 203.0M | 201.4M | 202.8M | 206.8M |
| Dividends Per Share | $0.75 | $0.75 | $0.75 | $0.75 | $0.94 | $1.50 | $1.48 | $1.46 |