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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net (loss) income $ (211,812) $ 21,038
(Income) loss from discontinued operations, net of tax (7,032) 5,729
Restructuring payments (11,365) (13,005)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Restructuring charges and asset impairments 8,739 9,599
Loss on disposition of businesses 0 17,683
Gain on sale of equity investment (11,908) 0
Loss on extinguishment of debt 36,987 0
Depreciation and amortization 81,787 77,977
Goodwill impairment 198,169 0
Stock-based compensation 6,950 9,165
Allowance for credit losses 27,941 14,707
Amortization of debt fees 5,054 4,924
Changes in operating assets and liabilities, net of acquisitions/divestitures:    
(Increase) decrease in accounts receivable (49,403) 18,565
Decrease in finance receivables 84,342 34,984
Increase in inventories (6,306) (10,881)
Increase in other current assets and prepayments (24,067) (33,476)
Decrease in accounts payable and accrued liabilities (25,168) (53,885)
Increase in current and noncurrent income taxes 29,959 663
Increase (decrease) in advance billings 21,402 (941)
Decrease in pension and retiree medical liabilities (24,164) (22,772)
Other, net (4,873) 1,174
Net cash provided by operating activities - continuing operations 125,232 81,248
Net cash (used in) provided by operating activities - discontinued operations (38,423) 5,534
Net cash provided by operating activities 86,809 86,782
Cash flows from investing activities:    
Purchases of available-for-sale securities (115,565) (6,391)
Proceeds from sales/maturities of available-for-sale securities 94,425 54,964
Net activity from short-term and other investments (44,035) (1,608)
Capital expenditures (59,954) (59,187)
Acquisitions, net of cash acquired (6,608) (4,882)
Sale of other investments (See Note 8) 58,248 0
Increase (decrease) in customer deposits at Pitney Bowes Bank 22,331 (8,316)
Other investing activities (885) (8,591)
Net cash used in investing activities - continuing operations (52,043) (34,011)
Net cash used in investing activities - discontinued operations (2,502) (2,140)
Net cash used in investing activities - continuing operations (54,545) (36,151)
Cash flows from financing activities:    
Increase in short-term borrowings 100,000 0
Proceeds from the issuance of long-term debt 816,544 0
Principal payments of long-term debt (948,224) (25,087)
Premiums and fees paid to extinguish debt (32,645) 0
Dividends paid to stockholders (17,099) (18,346)
Common stock repurchases 0 (100,000)
Other financing activities (3,174) (3,337)
Net cash used in financing activities (84,598) (146,770)
Effect of exchange rate changes on cash and cash equivalents (9,211) (81)
Change in cash and cash equivalents (61,545) (96,220)
Cash and cash equivalents at beginning of period 924,442 867,262
Cash and cash equivalents at end of period 862,897 771,042
Cash interest paid 82,732 78,280
Cash income tax payments, net of refunds $ 12,176 $ 17,348