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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 18 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Cash flows from operating activities:          
Net income (loss) $ 29,975 $ (24,867) $ 65,397 $ (27,752)  
Loss from discontinued operations, net of tax 0 14,742 0 49,731  
Adjustments to reconcile net income or loss to net cash from operating activities:          
Depreciation and amortization     57,086 57,332  
Allowance for credit losses     5,161 7,321  
Reduction in allowance for DIP Facility     (8,024) 0  
Stock-based compensation     12,287 6,093  
Amortization of debt fees     3,599 6,167  
Loss on debt redemption/refinancing     24,364 0  
Restructuring charges 13,806 30,399 15,206 34,165  
Restructuring payments     (21,518) (26,697)  
Pension contributions and retiree medical payments     (18,129) (17,300)  
Loss on sale of assets     5,430 4,195  
Loss (gain) on revaluation of intercompany loans     24,624 (5,350)  
Other, net     6,573 4,411  
Changes in operating assets and liabilities, net of acquisitions/divestitures:          
Accounts and other receivables     4,820 27,099  
Finance receivables     71,202 42,412  
Inventories     (17,705) (5,676)  
Other current assets and prepayments     (5,356) (22,793)  
Accounts payable and accrued liabilities     (142,328) (41,194)  
Current and noncurrent income taxes     8,706 (14,134)  
Advance billings     3,314 865  
Net cash from operating activities - continuing operations     94,709 78,895  
Net cash from operating activities - discontinued operations     0 1,050  
Net cash from operating activities     94,709 79,945  
Cash flows from investing activities:          
Capital expenditures     (30,230) (30,783)  
Purchases of investment securities     (7,603) (19,909)  
Proceeds from sales/maturities of investment securities     18,530 36,377  
Net investment in loan receivables     (61,650) (3,892)  
DIP Facility reimbursement     8,024 0  
Acquisition     (2,200) 0  
Other investing activities, net     1,029 804  
Net cash from investing activities - continuing operations     (74,100) (17,403)  
Net cash from investing activities - discontinued operations     0 (10,310)  
Net cash from investing activities     (74,100) (27,713)  
Cash flows from financing activities:          
Proceeds from the issuance of debt     775,000 0  
Principal payments of debt     (804,442) (28,266)  
Premiums and fees paid to redeem/refinance debt     (20,598) 0  
Dividends paid to stockholders     (23,606) (17,785)  
Customer deposits at Pitney Bowes Bank     (42,923) (612)  
Common stock repurchases     (90,274) 0  
Other financing activities, net     (1,649) (8,850)  
Net cash from financing activities - continuing operations     (208,492) (55,513)  
Net cash from financing activities - discontinued operations     0 (5,294)  
Net cash from financing activities     (208,492) (60,807)  
Effect of exchange rate changes on cash and cash equivalents     3,334 (2,689)  
Change in cash and cash equivalents     (184,549) (11,264)  
Cash and cash equivalents at beginning of period     469,726 600,054 $ 600,054
Cash and cash equivalents at end of period $ 285,177 $ 588,790 $ 285,177 $ 588,790 $ 285,177