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PBI » Topics » CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited; in thousands, except per share data)

This excerpt taken from the PBI 10-Q filed May 4, 2007.
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited; in thousands, except per share data)

      Three Months Ended
         March 31,
      2007     2006(1)
   Revenue:              
         Equipment sales   $ 293,610     $ 302,757
         Supplies     100,302       82,811
         Software     43,082       41,995
         Rentals     188,070       196,812
         Financing     190,580       178,145
         Support services     186,304       170,766
         Business services     412,289     388,360
 
                   Total revenue     1,414,237     1,361,646
 
   Costs and expenses:              
         Cost of equipment sales     148,256       152,980
         Cost of supplies     26,123       20,608
         Cost of software     11,548       10,179
         Cost of rentals     42,421       43,539
         Cost of support services     105,504       96,296
         Cost of business services     323,651       306,324
         Selling, general and administrative     425,402       417,663
         Research and development     43,569       41,535
         Restructuring charges     -       5,597
         Interest, net     56,727     53,569
 
                   Total costs and expenses     1,183,201     1,148,290
 
   Income from continuing operations before income taxes and minority interest     231,036       213,356
   Provision for income taxes     79,706       73,580
   Minority interest     4,746     2,917
 
   Income from continuing operations     146,584       136,859
   (Loss) income from discontinued operations, net of tax     (1,788 )     16,669
 
   Net income   $ 144,796   $ 153,528
 
   Basic earnings per share of common stock:              
       Continuing operations   $ 0.67     $ 0.61
       Discontinued operations     (0.01 )     0.07
       Net income   $ 0.66   $ 0.68
 
   Diluted earnings per share of common stock:              
       Continuing operations   $ 0.66     $ 0.60
       Discontinued operations     (0.01 )     0.07
       Net income   $ 0.65   $ 0.67
 
   Dividends declared per share of common stock   $ 0.33   $ 0.32

(1) Adjusted to include the effect of discontinued operations. See Note 4 for additional information.

See Notes to Condensed Consolidated Financial Statements

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