Pitney Bowes reported full year 2016 revenue of $3.41 billion was down 5% from $3.58 billion a year earlier. Net income for the period was $95.3 million down from $407.9 billion in 2015. The company noted goodwill impairment charges of $168.6 million and restructuring charges of $63.3 million during 2016 as factors for the decrease.

The following highlights on the company’s financing business was excerpted from the news release:

• Financing revenue in 2016 was $366.5 million, down 10.6% from $410.0 million a year earlier.
• Finance receivables at year-end 2016 of $1,559.2 million was down 7.1% or $119 million from $1,679.2 million in 2015.