Spreadsheet: c31bbc10-b5d8-4d1a-a101-a558bb3acc36
Sheet: Sheet1

Unnamed: 0 | Unnamed: 1 | Unnamed: 2 | Unnamed: 3 | Unnamed: 4 | Unnamed: 5 | Unnamed: 6 | Unnamed: 7 | Unnamed: 8 | Unnamed: 9 | Unnamed: 10 | Unnamed: 11 | Unnamed: 12 | Unnamed: 13 | Unnamed: 14
 |  |  | Pitney Bowes Inc.
 |  |  | Consolidated Statements of Income
 |  |  | ([NAME])
 |  |  | (Dollars in thousands, except per share data)
 |  |  |  |  |  |  |  | Three Months Ended September 30, |  |  |  | Nine Months Ended September 30,
 |  |  |  |  |  |  |  | 2010 |  | 2009 (2) |  | 2010 |  | 2009 (2)
 |  |  | Revenue:
 |  |  |  | Equipment sales |  |  |  | 248228 |  | 225759 |  | 718399 |  | 714780
 |  |  |  | Supplies |  |  |  | 77304 |  | 83464 |  | 239635 |  | 253466
 |  |  |  | Software |  |  |  | 95850 |  | 87295 |  | 265130 |  | 254401
 |  |  |  | Rentals |  |  |  | 151399 |  | 163711 |  | 456977 |  | 487992
 |  |  |  | Financing |  |  |  | 157333 |  | 171228 |  | 476712 |  | 528534
 |  |  |  | Support services |  |  |  | 175844 |  | 177607 |  | 531176 |  | 531200
 |  |  |  | Business services |  |  |  | 439784 |  | 447756.2 |  | 1303183 |  | 1344493.2
 |  |  |  | Total revenue |  |  |  | 1345742 |  | 1356820.2 |  | 3991212 |  | 4114866.2
 |  |  | Costs and expenses:
 |  |  |  | Cost of equipment sales |  |  |  | 115721 |  | 106326 |  | 325120 |  | 331144
 |  |  |  | Cost of supplies |  |  |  | 23843 |  | 23785 |  | 73381 |  | 68495
 |  |  |  | Cost of software |  |  |  | 21191 |  | 19413 |  | 61064 |  | 60480
 |  |  |  | Cost of rentals |  |  |  | 36277 |  | 40508 |  | 107658 |  | 114372
 |  |  |  | Financing interest expense |  |  |  | 22189 |  | 23975.131 |  | 65948 |  | 73865
 |  |  |  | Cost of support services |  |  |  | 111521 |  | 119034 |  | 337822 |  | 356620
 |  |  |  | Cost of business services |  |  |  | 335588 |  | 335405.9 |  | 1003712 |  | 1033932.9
 |  |  |  | Selling, general and administrative |  |  |  | 435292.4 |  | 435930.7 |  | 1304941.4 |  | 1317409.7
 |  |  |  | Research and development |  |  |  | 38454 |  | 45052 |  | 117487 |  | 138623
 |  |  |  | Restructuring charges and asset impairments |  |  |  | 33805 |  | 12845 |  | 103039 |  | 12845
 |  |  |  | Other interest expense |  |  |  | 29310 |  | 27244.363 |  | 86171.64726312355 |  | 84548.494
 |  |  |  | Interest income |  |  |  | -393 |  | -668 |  | -1851 |  | -3153
 |  |  |  | Total costs and expenses |  |  |  | 1202798.4 |  | 1188851.094 |  | 3584493.047263124 |  | 3589182.094
 |  |  | Income from continuing operations before income taxes |  |  |  |  | 142943.6 |  | 167969.1060000001 |  | 406718.9527368764 |  | 525684.1060000006
 |  |  | Provision for income taxes |  |  |  |  | 46879.593 |  | 57691.2 |  | 155301.718 |  | 192375.2
 |  |  | Income from continuing operations |  |  |  |  | 96064.0070000001 |  | 110277.9060000001 |  | 251417.2347368764 |  | 333308.9060000006
 |  |  | (Loss)/gain from discontinued operations, net of income tax |  |  |  |  | -2536 |  | -2428.89 |  | -8332 |  | 5296.11
 |  |  | Net income before attribution of noncontrolling interests |  |  |  |  | 93528.0070000001 |  | 107849.0160000001 |  | 243085.2347368764 |  | 338605.0160000006
 |  |  | Less: Preferred stock dividends of subsidiaries
 |  |  |  | attributable to noncontrolling interests |  |  |  | 4593 |  | 4622 |  | 13730 |  | 13714
 |  |  | Pitney Bowes Inc. net income |  |  |  |  | 88935.0070000001 |  | 103227.0160000001 |  | 229355.2347368764 |  | 324891.0160000006
 |  |  | Amounts attributable to Pitney Bowes Inc.:
 |  |  |  | Income from continuing operations |  |  |  | 91471.0070000001 |  | 105655.9060000001 |  | 237687.2347368764 |  | 319594.9060000006
 |  |  |  | (Loss)/gain from discontinued operations |  |  |  | -2536 |  | -2428.89 |  | -8332 |  | 5296.11
 |  |  |  | Pitney Bowes Inc. net income |  |  |  | 88935.0070000001 |  | 103227.0160000001 |  | 229355.2347368764 |  | 324891.0160000006
 |  |  | Basic earnings per share of common stock attributable to
 |  |  |  | Pitney Bowes Inc. common stockholders (1):
 |  |  |  | Continuing operations |  |  |  | 0.4445494610311445 |  | 0.5102274260031588 |  | 1.149663540836948 |  | 1.546850195204138
 |  |  |  | Discontinued operations |  |  |  | -0.01232497017524888 |  | -0.01172945592596415 |  | -0.04030084591146661 |  | 0.02563335220156035
 |  |  |  | Net income |  |  |  | 0.4322244908558956 |  | 0.4984979700771947 |  | 1.109362694925481 |  | 1.572483547405698
 |  |  | Diluted earnings per share of common stock attributable to
 |  |  |  | Pitney Bowes Inc. common stockholders (1):
 |  |  | Continuing operations | Continuing operations |  |  |  | 0.4434269372553094 |  | 0.50883318748079 |  | 1.14663290765067 |  | 1.542460452826505
 |  |  |  | Discontinued operations |  |  |  | -0.01229384861674764 |  | -0.01169740422026398 |  | -0.04019460867186043 |  | 0.02556060836845431
 |  |  |  | Net income |  |  |  | 0.4311330886385617 |  | 0.497135783260526 |  | 1.106438298978809 |  | 1.56802106119496
 |  |  | Average common and potential common
 |  |  |  | shares outstanding |  |  |  | 206282026 |  | 207643504 |  | 207291482 |  | 207198120
 |  |  | (1) The sum of the earnings per share amounts may not equal the totals above due to rounding.
 |  |  | (2) Certain prior year amounts have been reclassified to conform to the current year presentation.