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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (2,885) $ (7,737)
Adjustments to reconcile net income or loss to net cash from operating activities:    
Depreciation and amortization 40,879 39,897
Allowance for credit losses 4,665 4,308
Stock-based compensation 2,390 3,245
Amortization of debt fees 3,068 2,118
Gain on debt redemption 0 (2,836)
Restructuring charges 4,315 3,599
Restructuring payments (14,989) (4,641)
Pension contributions and retiree medical payments (11,767) (19,938)
Other, net (1,548) 4,172
Changes in operating assets and liabilities, net of acquisitions/divestitures:    
Accounts and other receivables 30,053 69,841
Finance receivables 27,716 15,596
Inventories (9,005) (10,226)
Other current assets and prepayments (19,471) (8,380)
Accounts payable and accrued liabilities (83,398) (103,990)
Current and noncurrent income taxes 16,897 (6,070)
Advance billings 555 (18,672)
Net cash from operating activities (12,525) (39,714)
Cash flows from investing activities:    
Capital expenditures (19,957) (28,666)
Purchases of investment securities (14,197) (5,180)
Proceeds from sales/maturities of investment securities 23,624 5,976
Net investment in loan receivables (2,115) (12,879)
Other investing activities, net 804 (664)
Net cash from investing activities (11,841) (41,413)
Cash flows from financing activities:    
Principal payments of debt (14,132) (31,018)
Dividends paid to stockholders (8,832) (8,725)
Customer deposits at Pitney Bowes Bank (29,347) (33,526)
Other financing activities, net (6,122) (6,173)
Net cash from financing activities (58,433) (79,442)
Effect of exchange rate changes on cash and cash equivalents (2,162) 2,349
Change in cash and cash equivalents (84,961) (158,220)
Cash and cash equivalents at beginning of period 601,053 669,981
Cash and cash equivalents at end of period $ 516,092 $ 511,761