PBI » Topics » 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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