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Pitney Bowes (PBI)
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Reconciliation of Reported Consolidated Results to Adjusted Results
This excerpt taken from the
PBI 8-K
filed Apr 30, 2007.
Reconciliation of Reported Consolidated Results to Adjusted Results
(Unaudited)
(Dollars in thousands, except per share amounts)
Three months ended March 31,
2007
2006
GAAP income from continuing operations
after income taxes, as reported
$
146,584
$
136,859
Restructuring charge
-
3,582
Income from continuing operations
after income taxes, as adjusted
$
146,584
$
140,441
GAAP diluted earnings per share
from continuing operations, as reported
$
0.66
$
0.60
Restructuring charge
-
0.02
Diluted earnings per share from continuing
operations, as adjusted
$
0.66
$
0.61
GAAP net cash provided by operating activities,
as reported
$
220,225
$
286,234
Capital expenditures
(67,571)
(83,015)
Reserve account deposits
(10,952)
(23,300)
Restructuring payments and discontinued operations
13,407
(12,612)
Free cash flow, as adjusted
$
155,109
$
167,307
Note: The sum of the earnings per share amounts may not equal the totals above due to rounding.
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