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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (27,752) $ (149,272)
Adjustments to reconcile net income or loss to net cash from operating activities:    
Depreciation and amortization 81,613 79,770
Allowance for credit losses 9,087 7,164
Stock-based compensation 6,567 6,075
Amortization of debt fees 6,167 4,413
Gain on debt redemption 0 (3,064)
Restructuring charges 36,158 26,042
Restructuring payments (26,697) (12,883)
Pension contributions and retiree medical payments (17,300) (25,196)
Goodwill impairment 0 118,599
Other, net 5,558 7,564
Changes in operating assets and liabilities, net of acquisitions/divestitures:    
Accounts and other receivables 68,922 67,506
Finance receivables 42,412 3,837
Inventories (7,068) (9,065)
Other current assets and prepayments (12,902) (1,561)
Accounts payable and accrued liabilities (49,336) (108,836)
Current and noncurrent income taxes (33,142) (27,903)
Advance billings (1,958) (22,948)
Net cash from operating activities 80,329 (39,758)
Cash flows from investing activities:    
Capital expenditures (41,093) (54,646)
Purchases of investment securities (19,909) (9,973)
Proceeds from sales/maturities of investment securities 36,377 12,088
Net investment in loan receivables (3,892) (14,835)
Settlement of derivative contracts 0 6,185
Other investing activities, net 804 485
Net cash from investing activities (27,713) (60,696)
Cash flows from financing activities:    
Principal payments of debt (28,266) (53,803)
Premiums and fees paid to redeem debt 0 (4,464)
Dividends paid to stockholders (17,785) (17,525)
Customer deposits at Pitney Bowes Bank (612) 52,348
Other financing activities, net (14,144) (9,109)
Net cash from financing activities (60,807) (32,553)
Effect of exchange rate changes on cash and cash equivalents (2,714) 4,730
Change in cash and cash equivalents (10,905) (128,277)
Cash and cash equivalents at beginning of period 601,052 669,981
Cash and cash equivalents at end of period $ 590,147 $ 541,704