v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 160,712 $ 117,360
Adjustments to reconcile net income or loss to net cash from operating activities:    
Depreciation and amortization 72,062 84,503
Allowance for credit losses 8,268 9,382
Change in allowance for DIP Facility 0 (8,907)
Stock-based compensation 16,956 15,038
Amortization of debt fees 5,603 5,319
(Gain) loss on debt redemption/refinancing (2,039) 24,446
Restructuring charges 9,978 17,042
Restructuring payments (35,592) (30,843)
Loss on disposal of assets 4,474 9,203
(Gain) loss on revaluation of intercompany loans (6,731) 21,234
Other, net 26,058 (14,875)
Changes in operating assets and liabilities, net of acquisitions/divestitures:    
Accounts and other receivables 1,359 (4,500)
Finance receivables 87,499 94,725
Inventories 3,022 (14,825)
Other current assets and prepayments (7,332) (5,932)
Accounts payable and accrued liabilities (23,297) (171,665)
Current and noncurrent income taxes 28,673 14,666
Advance billings (1,461) 186
Net cash from operating activities 348,212 161,557
Cash flows from investing activities:    
Capital expenditures (45,041) (46,027)
Purchases of investment securities (9,171) (30,039)
Proceeds from sales/maturities of investment securities 14,959 23,844
Net investment in loan receivables 10,383 (66,736)
DIP Facility reimbursement 0 8,907
Acquisition 0 (2,200)
Other investing activities, net 233 1,720
Net cash from investing activities (28,637) (110,531)
Cash flows from financing activities:    
Borrowings under revolving credit facility 176,700 0
Repayments under revolving credit facility (176,700) 0
Proceeds from the issuance of debt 300,000 1,005,000
Principal payments of debt (402,032) (820,262)
Premiums and fees paid to redeem/refinance debt (7,728) (29,127)
Dividends paid to stockholders (40,599) (36,905)
Customer deposits at Pitney Bowes Bank (5,681) (55,648)
Capped call payment 0 (24,702)
Proceeds from stock option exercise 36,818 21,703
Common stock repurchases (205,725) (251,774)
Other financing activities, net (10,151) (10,672)
Net cash from financing activities (335,098) (202,387)
Effect of exchange rate changes on cash and cash equivalents (850) 2,629
Change in cash and cash equivalents (16,373) (148,732)
Cash and cash equivalents at beginning of period 284,887 469,726
Cash and cash equivalents at end of period $ 268,514 $ 320,994

Source

10-Q XBRL Zip