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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ 144,697 $ (203,597) $ (385,627)
Loss from discontinued operations, net of tax 0 306,099 324,360
Adjustments to reconcile net income or loss to net cash from operating activities:      
Depreciation and amortization 111,575 114,485 112,724
Allowance for credit losses 13,234 13,182 14,219
(Reduction) allowance for DIP Facility (8,907) 19,373 0
Stock-based compensation 14,151 16,524 8,857
Amortization of debt fees 7,226 12,907 10,698
Loss (gain) on debt redemption/refinancing 14,072 10,892 (3,064)
Restructuring charges 58,392 76,915 52,412
Restructuring payments (41,338) (86,024) (34,443)
Pension contributions and retiree medical payments (25,931) (24,907) (33,815)
Pension settlement charges 0 91,339 0
Loss on disposal of fixed assets 11,066 13,192 13,572
Loss (gain) on revaluation of intercompany loans 21,944 (10,241) 5,760
Impairment charges 268 10,000 123,574
Deferred taxes 38,405 (173,710) (35,786)
Other, net 8,241 (12,954) (6,841)
Changes in operating assets and liabilities, net of acquisitions/divestitures:      
Accounts and other receivables (13,999) 31,983 25,431
Finance receivables 107,223 60,342 (2,646)
Inventories (5,566) 2,260 18,209
Other current assets and prepayments 817 996 20,815
Accounts payable and accrued liabilities (62,028) 47,348 (16,386)
Current and noncurrent income taxes (6,806) (35,070) 30,101
Advance billings (3,479) (4,882) (7,528)
Net cash from operating activities: continuing operations 383,257 276,452 234,596
Net cash from operating activities: discontinued operations 0 (47,282) (154,505)
Net cash from operating activities 383,257 229,170 80,091
Cash flows from investing activities:      
Capital expenditures (66,278) (72,403) (78,109)
Purchases of investment securities (34,772) (30,099) (18,887)
Proceeds from sales/maturities of investment securities 28,345 76,563 25,390
Net investment in loan receivables (61,200) (9,467) (29,754)
DIP Facility net reimbursement (disbursement) 8,907 (17,234) 0
Acquisition (2,200) 0 0
Settlement of derivative contracts 0 0 427
Other investing activities, net 2,101 10,969 1,606
Net cash from investing activities: continuing operations (125,097) (41,671) (99,327)
Net cash from investing activities: discontinued operations 0 (7,385) (24,769)
Net cash from investing activities (125,097) (49,056) (124,096)
Cash flows from financing activities:      
Proceeds from the issuance of debt, net of discount 1,005,000 0 266,750
Principal payments of debt (934,316) (233,930) (322,886)
Premiums and fees to redeem/refinance debt (17,271) (13,688) (10,531)
Dividends paid to stockholders (51,059) (35,956) (35,215)
Customer deposits at Pitney Bowes Bank (50,208) (10,458) 86,223
Capped call payment (24,702) 0 0
Common stock repurchases (378,361) 0 0
Other financing activities, net 5,559 (4,568) (6,340)
Net cash from financing activities: continuing operations (445,358) (298,600) (21,999)
Net cash from financing activities: discontinued operations 0 (6,855) (8,003)
Net cash from financing activities (445,358) (305,455) (30,002)
Effect of exchange rate changes on cash and cash equivalents 2,359 (4,987) 5,731
Change in cash and cash equivalents (184,839) (130,328) (68,276)
Cash and cash equivalents at beginning of period 469,726 600,054 668,330
Cash and cash equivalents at end of period $ 284,887 $ 469,726 $ 600,054