Pitney Bowes Reports Slightly Lower 2010 Revenue but Remains Positive on Future
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
Free cash flow was $289 million for the quarter and $961 million for the year. On a GAAP basis, the company generated $284 million in cash from operations for the quarter and $951 million for the year. In comparison to the prior year’s free cash flow of $889 million, free cash flow for 2010 benefited primarily from improved working capital and reduced capital expenditures. Uses of cash for the year included $320 million of dividend payments to shareholders; $171 million of debt reduction; and $100 million to repurchase the company’s common shares outstanding.
0 Comments
View Comments
- Companies:
- Pitney Bowes
- Places:
- Stamford, Conn.
- United States
Related Content
Comments