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PBI » Topics » 12. Comprehensive Income

This excerpt taken from the PBI 10-Q filed May 7, 2009.

13. Comprehensive Income

Comprehensive income for the three months ended March 31, 2009 and 2008 are as follows:

 

 

 

 

 

 

 

 

 

 

Three Months Ended March 31,

 

 

 

 

 

 

2009

 

2008

 

 

 

 

 

Pitney Bowes Inc. net income

 

$

104,402

 

$

119,103

 

Other comprehensive income, net of tax:

 

 

 

 

 

 

 

Foreign currency translation adjustments (1)

 

 

(59,430

)

 

36,701

 

Net unrealized gain on derivatives

 

 

6,350

 

 

1,028

 

Net unrealized (loss) gain on investment securities

 

 

(79

)

 

209

 

Amortization of pension and postretirement costs

 

 

4,595

 

 

3,569

 

 

 

 

 

Comprehensive income

 

$

55,838

 

$

160,610

 

 

 

 

 

 

 

(1)

Includes a net deferred translation loss of $5.6 million and a net deferred translation gain of $10.4 million for the three months ended March 31, 2009 and 2008, respectively. These amounts are associated with inter-company loans denominated in a foreign currency that have been designated as a hedge of net investment.

15

PITNEY BOWES INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited; tabular dollars in thousands, except for per share data)

This excerpt taken from the PBI 10-Q filed Aug 7, 2008.

12.       Comprehensive Income

Comprehensive income for the three and six months ended June 30, 2008 and 2007 are as follows:

      Three Months Ended June 30,       Six Months Ended June 30,  
      2008                2007                2008                2007  
Net income   $ 128,509     $ 152,239     $ 247,612     $ 297,035  
Other comprehensive income, net of tax:                                
 Foreign currency translation adjustments (1)     1,413       59,539       38,113       70,304  
 Amortization of retiree benefit costs     3,562       5,191       7,131       10,283  
 Net unrealized loss on investment securities     (284 )     -       (75 )     -  
 Net unrealized gain (loss) on derivatives     (225 )     (727 )     803       (2,613 )
Comprehensive income   $     132,975     $     216,242     $     293,584     $     375,009  

(1) Includes a net deferred translation loss of $0.3 million and a net gain of $8.9 million for the three months ended June 30, 2008 and 2007, respectively. For the six months ended June 30, 2008 and 2007, a net gain of $10.0 million and $13.0 million, respectively, was recorded. These amounts are associated with inter-company loans denominated in a foreign currency that have been designated as a hedge of net investment.

15


PITNEY BOWES INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited; tabular dollars in thousands, except for per share data)

This excerpt taken from the PBI 10-Q filed Nov 8, 2007.

12. Comprehensive Income

Comprehensive income for the three and nine months ended September 30, 2007 and 2006 are as follows:

    Three Months Ended September 30,   Nine Months Ended September 30,
    2007    2006   2007   2006
Net income (loss)    $ 127,675    $ 148,620     $ 424,710     $ (53,926 ) 
Other comprehensive income (loss), net of tax:                               
   Foreign currency translation adjustments      88,978      (11,055 )      159,282       91,335  
   Amortization of pension & post retirement cost      6,382      -       16,665          
   Net unrealized gain (loss) on derivative instruments      1,826      (7,060 )      (787 )      (4,846 ) 
Comprehensive income    $ 224,861    $ 130,505     $ 599,870     $ 32,563  

This excerpt taken from the PBI 10-Q filed Aug 6, 2007.

12.    Comprehensive Income

Comprehensive income for the three and six months ended June 30, 2007 and 2006 was as follows:

     
Three Months Ended June 30,
      Six Months Ended June 30,  
     
2007
         
2006
         
2007
         
2006
 
Net income (loss)  
$
          152,239    
$
          (356,074 )   $           297,035    
$
           (202,546 )
Other comprehensive income (loss), net of tax:                                
 Foreign currency translation adjustments     59,445       82,730       71,118       102,938  
 Amortization of pension & postretirement benefit costs     5,191       -       10,283       -  
 Net unrealized (loss) gain on derivatives     (633 )     1,666       (3,427 )     1,666  
Comprehensive income (loss)  
$
216,242    
$
(271,678 )   $ 375,009    
$
 (97,942 )

15

This excerpt taken from the PBI 10-Q filed May 4, 2007.

12. Comprehensive Income

Comprehensive income for the three months ended March 31, 2007 and 2006 are as follows:

    Three Months Ended March 31,
      2007     2006
Net income   $ 144,796     $ 153,528
Other comprehensive income, net of tax:              
 Foreign currency translation adjustments     9,376       18,434
 Amortization of retiree benefit costs     5,092     -
 Net unrealized (loss) gain on derivative instruments     (497 )     1,774
Comprehensive income   $ 158,767   $ 173,736

13

PITNEY BOWES INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited; tabular dollars in thousands, except for per share data)

This excerpt taken from the PBI 10-Q filed Aug 8, 2006.
Comprehensive Income

     Comprehensive income for the three and six months ended June 30, 2006 and 2005 was as follows:

   
Three Months Ended June 30,
Six Months Ended June 30,
 
 
   
2006
2005
2006
2005
 
       
       
       
 
Net (loss) income   
$
(356,074 )   
$ 
134,958    
$ 
(202,546 )   
$ 
280,233  
Other comprehensive income (loss), net of tax:   
   
   
   
 
  Foreign currency translation adjustments   
87,266    
(1,507 )   
105,700    
(15,829 ) 
  Net unrealized (loss) gain on derivative instruments   
(2,870 )   
3,123    
(1,096 )   
3,459  
 
 
 
 
Comprehensive (loss) income   
$
(271,678 )   
$ 
136,574    
$ 
(97,942 )   
$ 
267,863  
 
 
 
 

14

PITNEY BOWES INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited; tabular dollars in thousands, except for per share data)

EXCERPTS ON THIS PAGE:

10-Q
May 7, 2009
10-Q
Aug 7, 2008
10-Q
Nov 8, 2007
10-Q
Aug 6, 2007
10-Q
May 4, 2007
10-Q
Aug 8, 2006

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