Free cash flow during the quarter was $253 million and $769 million for the year. On a GAAP basis, the Company generated $256 million in cash from operations for the quarter and $660 million for the year. During the fourth quarter, the Company used cash to pay $84 million in dividends. For the year, the Company has used its cash primarily to reduce debt, pay dividends, contribute to its pension plans and make restructuring payments.
Business Segment Results
SMB Solutions Group
| 4Q 2012 | Y-O-Y Change | Change ex Currency | ||||
| Revenue | $644 million | (3%) | (3%) | |||
| EBIT | $200 million | (9%) | ||||
Within the SMB Solutions Group:
|
North America Mailing |
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| 4Q 2012 | Y-O-Y Change | Change ex Currency | ||||
| Revenue | $456 million | (6%) | (6%) | |||
| EBIT | $174 million | (11%) | ||||
