www.pb.com\/investorrelations<\/a>.\n<\/p>\n\n\nThis document contains \u201cforward-looking statements\u201d about the Company\u2019s expected or potential future business and financial performance. Forward-looking statements include, but are not limited to, statements about its future revenue and earnings guidance and other statements about future events or conditions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include the severity, magnitude and duration of the Covid-19 pandemic (Covid-19), including governments’ responses to Covid-19, the efficacy and availability of vaccines, its continuing impact on our operations, employees, the availability and cost of labor and transportation, global supply chain and demand across our and our clients’ businesses as well as any deterioration or instability in global macroeconomic conditions. Other factors, which could cause future financial performance to differ materially from expectations, and which may also be exacerbated by Covid-19 or a negative change in the economy, include, without limitation: declining physical mail volumes; changes in postal regulations or operations, or the financial health of posts, in the U.S. or other major markets or significant changes to the broader postal or shipping industry; the loss of, or significant changes in, our contractual relationships with the United States Postal Service (USPS) or USPS\u2019 performance under those contracts; our ability to continue to grow and manage volumes, gain additional economies of scale and improve profitability within our Global Ecommerce and Presort Services segments; changes in labor and transportation availability and costs; third-party suppliers’ ability to provide products and services required by us and our clients; competitive factors, including pricing pressures, technological developments and the introduction of new products and services by competitors; the loss of some of our larger clients in our Global Ecommerce and Presort Services segments; expenses and potential impacts resulting from a breach of security, including cyber-attacks or other comparable events; our success at managing customer credit risk; and other factors as more fully outlined in the Company’s 2020 Form 10-K Annual Report and other reports filed with the Securities and Exchange Commission. Pitney Bowes assumes no obligation to update any forward-looking statements contained in this document as a result of new information, events or developments.\n<\/p>\n
Note: Consolidated statements of income; revenue, EBIT and EBITDA by business segment; and reconciliations of GAAP to non-GAAP measures for the three months ended March 31, 2021 and 2020, and consolidated balance sheets at March 31, 2021 and December 31, 2020 are attached.<\/b><\/p>\n
\n\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n| Pitney Bowes Inc.<\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n
\n| Consolidated Statements of Loss<\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n
\n| (Unaudited; in thousands, except per share amounts)<\/td>\n | | \n | \n | \n | \n | <\/tr>\n
\n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n |
\n | \n | \n | \n | \nThree months ended March 31,<\/b><\/td>\n<\/tr>\n\n | \n | \n | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n 2021<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n 2020<\/b><\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Revenue:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n | \nBusiness services<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n570,454\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n444,379\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nSupport services<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n118,697\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n122,015\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nFinancing<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n77,812\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n89,078\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nEquipment sales<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n86,803\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n76,273\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nSupplies<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n42,224\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n45,709\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nRentals<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n19,207\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n18,814\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nTotal revenue<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n915,197\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n796,268\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Costs and expenses:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n | \nCost of business services<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n499,534\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n374,665\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCost of support services<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n36,717\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n39,760\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nFinancing interest expense<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n11,886\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n12,489\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCost of equipment sales<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n61,840\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n57,359\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCost of supplies<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n11,211\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n12,240\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCost of rentals<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n6,447\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n6,378\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nSelling, general and administrative<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n238,102\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n248,633\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nResearch and development<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n11,316\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n12,116\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nRestructuring charges<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,889\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n3,817\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nGoodwill impairment<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n–\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n198,169\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nInterest expense, net<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n25,158\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n25,883\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nOther components of net pension and postretirement expense (income)<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n350\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(151\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nOther expense, net<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n51,394\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n33,487\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nTotal costs and expenses<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n956,844\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,024,845\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Loss from continuing operations before taxes<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(41,647\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(228,577\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Benefit for income taxes<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(13,992\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(10,030\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Loss from continuing operations<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(27,655\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(218,547\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| (Loss) income from discontinued operations, net of tax<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(3,886\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n10,064\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Net loss<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(31,541\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(208,483\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Basic loss per share (1):<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n | \nContinuing operations<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(0.16\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(1.28\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nDiscontinued operations<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(0.02\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.06\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nNet loss<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(0.18\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(1.22\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Diluted loss per share (1):<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n | \nContinuing operations<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(0.16\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(1.28\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nDiscontinued operations<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(0.02\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n0.06\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nNet loss<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(0.18\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n(1.22\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Weighted-average shares used in diluted earnings per share<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n172,856\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n170,912\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| \n \n(1\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | The sum of the earnings per share amounts may not equal the totals due to rounding.<\/td>\n<\/tr>\n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n\n\n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Pitney Bowes Inc.<\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Consolidated Balance Sheets<\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| (Unaudited; in thousands)<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Assets<\/span><\/b><\/td>\n | | \n | \nMarch 31,
2021<\/b><\/td>\n | | \nDecember 31,
2020<\/b><\/td>\n<\/tr>\n\n| Current assets:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n | \nCash and cash equivalents<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n680,727\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n921,450\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nShort-term investments<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n16,200\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n18,974\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nAccounts and other receivables, net<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n327,755\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n389,240\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nShort-term finance receivables, net<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n551,061\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n568,050\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nInventories<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n63,680\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n65,845\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCurrent income taxes<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n44,288\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n23,219\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nOther current assets and prepayments<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n124,394\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n120,145\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Total current assets<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,808,105\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,106,923\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Property, plant and equipment, net<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n405,226\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n391,280\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Rental property and equipment, net<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n37,708\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n38,435\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Long-term finance receivables, net<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n597,012\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n605,292\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Goodwill<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,144,064\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,152,285\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Intangible assets, net<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n152,265\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n159,839\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Operating lease assets<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n196,843\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n201,916\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Noncurrent income taxes<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n68,732\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n72,653\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Other assets<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n531,226\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n491,514\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Total assets<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n4,941,181\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n5,220,137\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Liabilities and stockholders’ equity <\/span><\/b><\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n| Current liabilities:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n | \nAccounts payable and accrued liabilities<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n820,286\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n880,616\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCustomer deposits at Pitney Bowes Bank<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n589,406\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n617,200\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCurrent operating lease liabilities<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n39,587\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n39,182\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCurrent portion of long-term debt<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n19,972\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n216,032\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nAdvance billings<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n118,166\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n114,550\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nCurrent income taxes<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n6,839\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,880\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Total current liabilities<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,594,256\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n1,870,460\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Long-term debt<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,418,885\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n2,348,361\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Deferred taxes on income<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n282,192\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n279,451\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Tax uncertainties and other income tax liabilities<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n37,936\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n38,163\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Noncurrent operating lease liabilities<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n174,798\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n180,292\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Other noncurrent liabilities<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n413,951\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n437,015\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Total liabilities<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n4,922,018\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n5,153,742\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n | \n| Stockholders’ equity:<\/td>\n | | \n | \n | \n | \n | <\/tr>\n \n | \nCommon stock<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n323,338\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n323,338\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nAdditional paid-in-capital<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n15,269\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n68,502\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nRetained earnings<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n5,161,029\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n5,201,195\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nAccumulated other comprehensive loss<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(847,538\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(839,131\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n | \nTreasury stock, at cost<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(4,632,935\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n(4,687,509\n<\/p>\n<\/td>\n | \n \n)\n<\/p>\n<\/td>\n<\/tr>\n | \n| Total stockholders’ equity<\/td>\n | | \n | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n19,163\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n\u00a0\n<\/p>\n<\/td>\n | \n \n66,395\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n| Total liabilities and stockholders’ equity<\/td>\n | | \n | \n\n \n$\n<\/p>\n<\/td>\n | \n \n4,941,181\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n | | \n\n \n$\n<\/p>\n<\/td>\n | \n \n5,220,137\n<\/p>\n<\/td>\n | \n \n\u00a0\n<\/p>\n<\/td>\n<\/tr>\n | \n | \n | \n | \n | \n | \n | \n\u00a0<\/td>\n<\/tr>\n<\/table>\n\n | | | |
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<\/td>\n<\/tr>\n