PITNEY BOWES INC PBI Cash Flow

Pitney bowes inc (PBI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
Cash flows from operating activities:
Net income
194,609	241,811	243,528	111,850	426,318	352,130	161,210	463,539	635,855	310,703	444,913	440,548	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	386,023
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
154,460	60,106	63,489	17,036	-	-	-	-	-	-	-	-	-
Payments for Restructuring
27,148	52,730	26,080	62,071	62,086	56,162	59,520	74,718	107,002	-119,565	105,090	102,680	31,568
Net tax payments from other investments
-	-	-	-	20,602	-5,737	0	0	-	-	-	-	-
Tax payments related to other investments
-	-	-	-	-	-	75,545	114,128	0	0	-	-	-
Adjustments to reconcile net loss to net cash provided by operating activities:
Restructuring charges
69,606	25,899	44,849	60,295	25,782	83,466	86,175	33,351	148,151	182,274	48,746	144,211	-
Loss on disposition of businesses
-18,000	0	0	-5,786	105,826	28,151	-42,450	0	0	-	-	-	-
Gain on sale of technology
-	-	-	0	0	-	-	-	-	-	-	-	-
Gain on debt forgiveness
-	-	-	10,000	-	-	-	-	-	-	-	-	-
Gain on sale of leveraged lease assets, net of tax
-	-	-	-	2,152	0	0	12,886	26,689	0	-	-	-
Loss on extinguishment of debt
-	-	-	-	0	0	-	-	-	-	-	-	-
Depreciation and amortization
159,142	148,464	126,790	174,065	173,312	198,088	211,243	255,556	272,142	303,653	338,895	379,117	383,141
Goodwill impairment
-	-	-	148,181	0	0	101,415	18,315	130,150	0	-	-	-
Stock-based compensation
23,149	21,042	24,389	14,882	21,049	17,446	14,921	18,227	18,692	20,111	22,523	26,402	24,131
Gain on sale of a facility, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	1,623
Expenses, net
-	-	-	-	-	-	-	-	-	-	-	-	223,486
Pension plan settlement
-	-	-	0	-	-	-	-	-	-	-	-	-
Pension plan settlement
0	-31,329	0	36,731	0	0	-	-95,000	-123,000	0	125,000	0	0
Proceeds from settlement of derivative instruments
-	-	-	-	-	-	-8,059	0	0	31,774	20,281	-43,991	0
Deferred tax provision (benefit)
4,931	64,065	-1,414	3,467	40,184	1,454	-33,770	-92,999	34,358	-34,387	-10,947	-	-
Changes in operating assets and liabilities, net of acquisitions/divestitures:
Decrease in accounts receivable
-8,318	44,031	7,165	-27,794	35,925	-45,511	-58,980	3,068	-58,951	43,204	-84,182	23,690	-35,853
Decrease in finance receivables
-25,638	-53,280	-147,836	-119,883	-95,341	-117,902	-123,587	-147,165	-190,153	180,352	-206,823	-24,387	86,238
Increase in inventories
5,588	1,441	213	2,880	7,621	-9,104	-67,188	599	12,830	-11,913	-12,187	-2,018	-7,710
Increase in other current assets and prepayments
27,096	9,881	3,131	717	10,557	6,961	-3,172	3,131	-16,905	-8,658	15,036	-6,001	7,793
Decrease in accounts payable and accrued liabilities
11,492	-2,758	-18,651	-97,783	-94,722	-53,100	-95,843	-47,023	-13,086	28,766	-127,256	-76,880	32,789
Increase (decrease) in current and noncurrent income taxes
-40,119	-28,127	-23,516	-1,661	21,567	-52,080	6,322	116,013	-257,631	5,217	79,615	122,480	123,636
(Decrease) increase in advance billings
-10,361	-19,802	-33,665	-48,432	1,344	-18,695	-16,450	3,767	-12,854	11,430	-2,744	2,051	10,444
Change in net operating lease assets and liabilities
6,398	346	14,840	-	-	-	-	-	-	-	-	-	-
Other, net
13,259	16,565	23,508	-14,017	-57,583	-42,599	-21,230	-47,807	3,278	9,150	7,462	-21,459	20,284
Net cash (used in) provided by operating activities - continuing operations
242,935	350,795	401,400	402,909	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities - discontinued operations
9,272	-7,916	52,758	93,213	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities
252,207	342,879	454,158	496,122	522,989	658,288	624,824	660,188	948,987	952,111	824,068	1,009,415	1,079,707
Cash flows from investing activities:
Purchases of available-for-sale securities
57,194	81,527	125,055	212,810	205,256	680,582	374,230	304,191	406,114	-	-	-	-
Purchases of investment securities
-	-	-	-	-	-	-	-	-6,749	-315,355	8,362	-35,652	-42,367
Proceeds from sales/maturities of available-for-sale securities
108,548	175,820	113,501	211,696	207,063	628,727	370,631	295,470	302,785	192,891	-	-	-
Net activity from short-term and other investments
78,814	-11,838	8,285	-75,654	69,017	5,637	-	-	-	-	-	-	-
Purchases of held-to-maturity investments
-	-	-	-	-	-	0	-	-	-	-	-	-
Capital expenditures
137,253	137,810	118,247	159,232	166,746	183,318	137,512	176,586	155,980	119,768	166,728	237,308	264,656
Proceeds from sale of assets
-	-	-	17,671	52,110	0	0	-	683	12,595	0	0	29,608
Reserve account deposits
-16,341	-21,008	-10,954	2,183	24,202	15,666	20,104	-	-	-	-	-	-
Proceeds from sale of businesses, net of cash transferred
-	-	-	-	289,211	102,392	389,680	0	0	-	-	-	-
Acquisitions, net of cash acquired
22,100	10,484	482,853	37,842	393,695	0	0	-	-	-77,537	0	67,689	594,110
Proceeds from sale of leveraged lease assets
-	-	-	-	-	-	-	105,506	101,784	0	-	-	-
Change in customer deposits at Pitney Bowes Bank
-	-	-	-	-	-	-	-1,636	-	-	-	-	-
Net investment in external financing
-	-	-	-	-	-	-	-	-2,677	-4,718	-1,456	-1,868	2,214
Other investing activities
10,091	4,250	5,750	6,908	-7,339	577	-12,691	8,567	-35,354	-10,399	-1,664	-33,359	-62,666
Net cash used in investing activities - continuing operations
-180,563	-25,405	-615,735	-113,954	-	-	-	-	-	-	-	-	-
Net cash used in investing activities - discontinued operations
670,130	334,532	-5,630	-1,599	-	-	-	-	-	-	-	-	-
Net cash used in investing activities - continuing operations
489,567	309,127	-621,365	-115,553	-303,193	-154,661	241,156	-86,732	-117,416	-301,493	-171,970	-234,118	-726,339
Cash flows from financing activities:
Proceeds from the issuance of long-term debt
389,986	0	1,436,660	894,744	150,950	508,525	411,613	340,000	0	0	297,513	245,582	640,765
Principal payments of long-term debt
930,189	570,180	964,550	371,007	516,070	599,850	1,079,207	550,000	0	0	150,000	576,565	174,191
Decrease in short-term borrowings
-	-	-	-90,000	90,000	0	0	-	-50,000	-170,794	-389,666	205,590	-89,673
Proceeds from issuance of common stock
-	-	-	-	-	-	-	9,314	12,934	11,423	11,962	20,154	107,517
Payments to redeem preferred stock issued by a subsidiary
-	-	-	-	-	-	-	-	-	-	375,000	10,000	0
Proceeds from issuance of preferred stock by a subsidiary
-	-	-	-	-	-	-	-	-	-	296,370	0	0
Stock repurchases
-	-	-	-	-	-	-	-	-	-	0	-	-
Dividends paid to stockholders
35,361	140,498	139,490	140,608	150,114	151,611	188,846	300,578	299,579	-301,456	297,555	-	288,790
Dividends paid to noncontrolling interests
-	-	-	18,528	18,375	18,375	18,375	18,376	18,375	-19,141	19,485	20,755	19,242
Purchase of subsidiary shares from noncontrolling interest
-	-	-	-	-	-	-	0	-	-	-	-	-
Common stock repurchases
105,000	0	0	197,267	131,719	50,003	0	0	99,997	-100,000	-	333,231	399,996
Redemption of noncontrolling interests
-	-	-	300,000	0	0	-	-	-	-	-	-	-
Other financing activities
-6,076	-55,741	35,127	-6,863	-3,330	-530	6,753	-	-	-	-	-	-
Dividends paid to common stockholders
-	-	-	-	-	-	-	-	-	-	-	291,611	-
Net cash used in financing activities
-686,640	-766,419	367,747	-229,529	-578,658	-311,844	-868,062	-519,640	-455,017	-579,968	-625,861	-760,836	-223,610
Effect of exchange rate changes on cash and cash equivalents
2,046	-25,381	43,959	-26,708	-44,387	-29,082	-12,973	3,222	-4,679	976	9,829	-14,966	8,316
Change in cash and cash equivalents
57,180	-139,794	244,499	124,332	-403,249	162,701	-15,055	57,038	371,875	71,626	36,066	-505	138,074
Cash interest paid
157,709	171,120	169,279	150,567	165,287	180,250	199,505	190,892	202,159	191,880	195,256	235,816	236,697
Cash income tax payments, net of refunds
27,109	25,906	53,247	127,299	138,877	203,193	224,432	206,285	44,528	231,550	197,925	164,354	178,469