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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income (loss) $ 117,360 $ (166,224)
Loss from discontinued operations, net of tax 0 310,789
Adjustments to reconcile net income or loss to net cash from operating activities:    
Depreciation and amortization 84,503 85,897
Allowance for credit losses 9,382 9,388
Change in allowance for DIP Facility (8,907) 29,311
Stock-based compensation 15,038 10,321
Amortization of debt fees 5,319 9,462
Loss on debt redemption/refinancing 24,446 2,142
Restructuring charges 17,042 64,859
Restructuring payments (30,843) (53,919)
Pension contributions and retiree medical payments (22,079) (21,273)
Loss on sale of assets 9,203 8,068
Loss on revaluation of intercompany loans 21,234 13,481
Impairment charges 0 10,000
Other, net 7,204 (4,685)
Changes in operating assets and liabilities, net of acquisitions/divestitures:    
Accounts and other receivables (4,500) 6,964
Finance receivables 94,725 57,238
Inventories (14,825) (8,609)
Other current assets and prepayments (5,932) (25,411)
Accounts payable and accrued liabilities (171,665) 1,522
Current and noncurrent income taxes 14,666 (192,179)
Advance billings 186 (2,526)
Net cash from operating activities - continuing operations 161,557 144,616
Net cash from operating activities - discontinued operations 0 (49,925)
Net cash from operating activities 161,557 94,691
Cash flows from investing activities:    
Capital expenditures (46,027) (50,221)
Purchases of investment securities (30,039) (28,360)
Proceeds from sales/maturities of investment securities 23,844 48,719
Net investment in loan receivables (66,736) 875
DIP Facility reimbursement (disbursement) 8,907 (27,789)
Acquisition (2,200) 0
Other investing activities, net 1,720 1,565
Net cash from investing activities - continuing operations (110,531) (55,211)
Net cash from investing activities - discontinued operations 0 (11,137)
Net cash from investing activities (110,531) (66,348)
Cash flows from financing activities:    
Proceeds from the issuance of debt 1,005,000 0
Principal payments of debt (820,262) (42,401)
Premiums and fees paid to redeem/refinance debt (29,127) (4,938)
Dividends paid to stockholders (36,905) (26,846)
Customer deposits at Pitney Bowes Bank (55,648) 15,359
Capped call payment (24,702) 0
Common stock repurchases (251,774) 0
Other financing activities, net 11,031 (2,340)
Net cash from financing activities - continuing operations (202,387) (61,166)
Net cash from financing activities - discontinued operations 0 (6,855)
Net cash from financing activities (202,387) (68,021)
Effect of exchange rate changes on cash and cash equivalents 2,629 1,162
Change in cash and cash equivalents (148,732) (38,516)
Cash and cash equivalents at beginning of period 469,726 600,054
Cash and cash equivalents at end of period $ 320,994 $ 561,538