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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (208,483) $ (2,659)
(Income) loss from discontinued operations, net of tax (10,064) 116
Restructuring payments (6,047) (8,246)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Restructuring charges 3,817 3,700
Loss on disposition of businesses 0 17,710
Loss on extinguishment of debt 36,987 0
Depreciation and amortization 40,719 36,885
Goodwill impairment 198,169 0
Stock-based compensation 1,521 6,784
Allowance for credit losses 15,926 10,655
Amortization of debt fees 2,300 2,456
Changes in operating assets and liabilities, net of acquisitions/divestitures:    
Decrease in accounts receivable 7,182 29,947
Decrease in finance receivables 18,843 43,388
Increase in inventories (4,815) (6,232)
Increase in other current assets and prepayments (7,969) (33,948)
Decrease in accounts payable and accrued liabilities (104,556) (14,986)
Increase (decrease) in current and noncurrent income taxes 10,797 (2,365)
(Decrease) increase in advance billings (4,148) 878
Other, net (18,658) (15,612)
Net cash (used in) provided by operating activities - continuing operations (28,479) 68,471
Net cash (used in) provided by operating activities - discontinued operations (37,805) 1,257
Net cash (used in) provided by operating activities (66,284) 69,728
Cash flows from investing activities:    
Purchases of available-for-sale securities (67,312) 0
Proceeds from sales/maturities of available-for-sale securities 24,102 31,404
Net activity from short-term and other investments 48,431 (1,778)
Capital expenditures (25,778) (27,694)
Acquisitions, net of cash acquired (1,281) (4,882)
Change in customer deposits at Pitney Bowes Bank (888) (23,036)
Other investing activities (230) (7,841)
Net cash used in investing activities - continuing operations (22,956) (33,827)
Net cash used in investing activities - discontinued operations (2,502) (1,060)
Net cash used in investing activities - continuing operations (25,458) (34,887)
Cash flows from financing activities:    
Proceeds from the issuance of long-term debt 816,544 0
Principal payments of long-term debt (932,600) (12,541)
Premiums and fees paid to extinguish debt (32,645) 0
Dividends paid to stockholders (8,523) (9,408)
Common stock repurchases 0 (39,142)
Other financing activities (2,372) (2,901)
Net cash used in financing activities (159,596) (63,992)
Effect of exchange rate changes on cash and cash equivalents (10,032) 794
Change in cash and cash equivalents (261,370) (28,357)
Cash and cash equivalents at beginning of period 924,442 867,262
Cash and cash equivalents at end of period 663,072 838,905
Cash interest paid 44,891 33,393
Cash income tax payments, net of refunds $ 13,270 $ 10,071