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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 35,422 $ (2,885)
Loss from discontinued operations, net of tax 0 34,989
Adjustments to reconcile net income or loss to net cash from operating activities:    
Depreciation and amortization 28,324 28,850
Allowance for credit losses 1,978 4,338
Allowance for DIP Facility (1,539) 0
Stock-based compensation 2,683 2,153
Amortization of debt fees 2,152 3,068
Loss on debt redemption/refinancing 24,646 0
Restructuring charges 1,400 3,766
Restructuring payments (13,106) (14,989)
Pension contributions and retiree medical payments (12,671) (11,767)
Loss on sale of assets 5,106 1,591
Loss (gain) on revaluation of intercompany loans 7,595 (4,638)
Other, net 4,779 (1,587)
Changes in operating assets and liabilities, net of acquisitions/divestitures:    
Accounts and other receivables (131) 14,674
Finance receivables 34,586 27,716
Inventories (4,807) (7,980)
Other current assets and prepayments (4,326) (22,117)
Accounts payable and accrued liabilities (141,282) (79,213)
Current and noncurrent income taxes 8,382 19,838
Advance billings 4,130 3,178
Net cash from operating activities - continuing operations (16,679) (1,015)
Net cash from operating activities - discontinued operations 0 (11,594)
Net cash from operating activities (16,679) (12,609)
Cash flows from investing activities:    
Capital expenditures (16,887) (14,318)
Purchases of investment securities (3,910) (14,197)
Proceeds from sales/maturities of investment securities 13,345 23,624
Net investment in loan receivables (37,423) (2,115)
DIP Facility reimbursement 1,539 0
Acquisition (2,200) 0
Other investing activities, net 0 804
Net cash from investing activities - continuing operations (45,536) (6,202)
Net cash from investing activities - discontinued operations 0 (5,639)
Net cash from investing activities (45,536) (11,841)
Cash flows from financing activities:    
Proceeds from the issuance of debt, net of discount 775,000 0
Principal payments of debt (787,187) (14,132)
Premiums and fees paid to redeem/refinance debt (20,598) 0
Dividends paid to stockholders (10,980) (8,832)
Customer deposits at Pitney Bowes Bank (26,766) (29,347)
Common stock repurchases 15,000 0
Other financing activities, net 465 (3,600)
Net cash from financing activities - continuing operations (85,066) (55,911)
Net cash from financing activities - discontinued operations 0 (2,522)
Net cash from financing activities (85,066) (58,433)
Effect of exchange rate changes on cash and cash equivalents 1,342 (2,147)
Change in cash and cash equivalents (145,939) (85,030)
Cash and cash equivalents at beginning of period 469,726 600,054
Cash and cash equivalents at end of period $ 323,787 $ 515,024