Pitney bowes inc (PBI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
Cash flows from operating activities:
Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

111,850

281,802

305,573

403,752

426,318

402,567

445,573

388,069

352,130

379,690

241,875

138,377

161,210

181,459

263,519

372,375

463,539

610,676

706,909

708,221

635,855

441,405

357,573

317,968

310,703

0

0

0

-

-

-

-

Net Income (Loss) Attributable to Parent

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

164,640

154,460

-13,382

42,600

51,503

60,106

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Restructuring

24,949

27,148

32,333

39,485

45,391

52,730

36,880

35,957

29,249

26,080

39,352

45,856

52,831

62,071

67,191

65,177

61,868

62,086

60,067

53,407

59,099

56,162

60,318

65,795

62,182

59,520

55,325

54,098

64,748

74,718

89,369

102,909

103,502

107,002

-131,899

-134,352

-117,540

-119,565

129,046

122,735

100,109

105,090

0

0

0

Tax payments related to other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

114,128

-99,249

-84,904

69,233

0

0

0

0

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash provided by operating activities:
Restructuring charges

69,723

69,606

0

0

0

-

-

-

-

44,849

39,901

54,925

55,444

60,295

60,980

44,522

32,796

25,782

76,199

79,595

73,544

83,466

51,976

84,360

96,016

86,175

0

0

0

-

-

-

-

148,151

179,221

167,895

194,771

182,274

0

0

0

-

-

-

-

Loss on disposition of businesses

0

-18,000

-18,000

-18,000

-18,000

0

0

0

0

-

-

-

-

-5,786

-7,181

-3,821

104,588

105,826

108,116

109,547

27,869

28,151

21,969

15,453

-42,989

-42,450

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of leveraged lease assets, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,886

12,886

39,575

39,575

26,689

0

0

0

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

10,000

10,000

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for settlement of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Depreciation and amortization

162,976

159,142

154,823

150,942

145,611

148,464

109,057

120,415

122,233

126,790

163,728

171,237

174,060

174,065

186,051

177,697

175,116

173,312

182,214

189,524

195,989

198,088

187,226

191,258

198,611

211,243

231,426

237,651

248,413

255,556

258,648

266,114

267,194

272,142

277,049

284,457

293,270

303,653

307,817

320,486

331,210

338,895

0

0

0

Goodwill impairment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

17,886

23,149

21,138

21,054

24,553

21,042

21,848

21,011

22,024

24,389

17,180

17,902

14,217

14,882

22,142

19,493

22,316

21,049

19,709

20,537

18,596

17,446

15,518

15,656

15,103

14,921

16,783

16,616

17,554

18,227

18,804

18,888

19,151

18,692

17,638

17,982

18,974

20,111

21,425

21,676

22,308

22,523

0

0

0

Allowance for credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt fees

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expenses, net

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Pension plan settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

36,731

36,731

36,731

36,731

0

0

0

0

-

-

-

-

-

-

-

-

-95,000

-95,000

-95,000

-218,000

-123,000

0

0

0

-

-

-

-

-

-

-

-

Proceeds from settlement of derivative instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,838

-4,838

0

0

0

0

-

-

-

-

31,774

0

0

0

-

-

-

-

Changes in operating assets and liabilities, net of acquisitions/divestitures:
Decrease in accounts receivable

14,447

-8,318

33,177

2,217

43,376

44,031

49,225

55,521

45,638

7,165

-19,656

-39,229

-17,930

-27,794

13,200

25,581

7,239

35,925

-6,499

-15,217

-54,319

-45,511

-15,571

-58,338

-27,714

-58,980

-50,346

-4,176

-33,535

3,068

-3,664

-37,097

-41,881

-58,951

39,385

56,217

51,705

43,204

-58,996

-80,188

-71,783

-84,182

0

0

0

Decrease in finance receivables

-1,093

-25,638

-24,826

-51,775

-62,888

-53,280

-84,190

-114,170

-118,226

-147,836

-133,477

-123,302

-129,338

-119,883

-117,337

-94,745

-84,686

-95,341

-102,059

-109,397

-129,635

-117,902

-101,802

-109,256

-99,816

-123,587

-131,535

-131,059

-159,867

-147,165

-165,486

-163,394

-164,468

-190,153

179,916

166,201

164,946

180,352

-171,908

-167,323

-178,780

-206,823

0

0

0

Increase in inventories

4,171

5,588

14,111

8,881

9,456

1,441

-6,035

-108

-23,765

213

-9,472

-15,959

13,586

2,880

7,260

12,808

7,081

7,621

12,600

6,458

2,478

-9,104

-31,075

-35,473

-57,934

-67,188

-43,988

-38,692

-7,283

599

7,719

14,823

495

12,830

-30,518

-36,326

-7,655

-11,913

12,305

14,923

-16,534

-12,187

0

0

0

Increase in other current assets and prepayments

1,117

27,096

29,842

21,549

31,866

9,881

1,916

8,060

5,348

3,131

15,829

26,651

2,508

717

-9,452

-12,633

5,227

10,557

-7,256

14,576

16,226

6,961

14,154

387

-3,548

-3,172

-3,707

-5,804

-5,475

3,131

-186

1,306

-4,738

-16,905

-5,743

-17,762

-12,974

-8,658

1,041

-978

17,647

15,036

0

0

0

Decrease in accounts payable and accrued liabilities

-78,078

11,492

60,621

-23,010

57,061

-2,758

-60,767

-4,121

-60,627

-18,651

-16,754

-91,887

-20,545

-97,783

-76,059

-39,664

-47,485

-94,722

-71,252

-94,633

-96,077

-53,100

-23,799

-10,931

-40,878

-95,843

-82,240

-119,605

-74,556

-47,023

-68,150

-28,622

-75,483

-13,086

-4,487

7,501

10,892

28,766

-253

-23,770

-47,202

-127,256

0

0

0

Increase (decrease) in current and noncurrent income taxes

-26,957

-40,119

-58,722

-35,933

-46,351

-28,127

8,088

25,879

-21,199

-23,516

-34,614

-31,716

-1,499

-1,661

-45,784

-39,869

-18,482

21,567

-7,404

-9,102

-4,145

-52,080

18,679

103,457

23,288

6,322

89,113

-60,020

51,454

116,013

-352,763

-276,311

-262,741

-257,631

136,093

116,900

6,102

5,217

9,175

56,718

78,366

79,615

0

0

0

(Decrease) increase in advance billings

-15,387

-10,361

-11,201

-13,915

-1,092

-19,802

-13,966

-29,291

-42,303

-33,665

-33,351

-25,994

-58,915

-48,432

-45,304

-59,916

-28,338

1,344

-3,437

-14,046

-24,247

-18,695

-9,064

-11,300

-3,028

-16,450

-17,861

-7,360

-16,298

3,767

7,987

3,439

8,212

-12,854

-2,747

1,403

11,836

11,430

-11,961

-34,723

-25,242

-2,744

0

0

0

Other, net

16,305

13,259

13,374

-6,480

21,023

16,565

9,771

37,215

13,203

23,508

20,025

7,699

365

-14,017

-46,500

-68,022

-50,378

-57,583

-38,302

-39,959

-42,517

-42,599

-16,295

7,105

-5,651

-21,230

-44,437

-60,257

-62,004

-47,807

-30,434

-4,312

7,865

3,278

3,249

1,550

10,540

9,150

9,693

8,645

5,579

7,462

0

0

0

Net cash (used in) provided by operating activities - continuing operations

145,985

242,935

327,079

331,737

374,493

350,795

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities - discontinued operations

-29,790

9,272

-60,486

-56,569

-31,515

-7,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

116,195

252,207

266,593

275,168

342,978

342,879

382,151

424,004

369,781

454,158

530,340

522,185

586,635

496,122

467,948

480,565

482,595

522,989

612,256

578,849

656,559

658,288

528,696

626,236

598,280

624,824

749,120

599,391

720,968

660,188

603,159

839,418

723,606

948,987

1,036,496

977,710

947,318

952,111

757,715

764,483

849,151

824,068

0

0

0

Cash flows from investing activities:
Purchases of available-for-sale securities

124,506

57,194

52,435

39,615

51,605

81,527

90,754

102,953

120,669

125,055

158,247

206,030

215,457

212,810

214,919

169,102

167,716

205,256

189,657

180,492

348,578

680,582

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-83,767

-42,354

-9,559

-6,749

-327,989

-363,023

-303,969

-315,355

101,648

91,760

14,517

8,362

0

0

0

Proceeds from sales/maturities of available-for-sale securities

101,246

108,548

186,490

194,627

192,180

175,820

90,915

87,745

94,149

113,501

134,212

188,755

199,883

211,696

215,051

173,924

184,861

207,063

186,867

153,921

315,870

628,727

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net activity from short-term and other investments

28,605

78,814

89,059

729

6,502

-11,838

-8,276

-133,977

-12,580

8,285

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

135,337

137,253

127,736

119,656

136,487

137,810

105,191

121,884

111,344

118,247

162,051

163,717

154,482

159,232

151,950

148,493

163,508

166,746

192,376

200,580

197,083

183,318

155,390

136,421

128,816

137,512

152,162

161,276

165,396

176,586

160,767

156,714

171,333

155,980

152,620

149,146

126,077

119,768

130,396

135,177

147,319

166,728

0

0

0

Proceeds from sale of businesses, net of cash transferred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102,392

488,232

491,134

389,141

389,680

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

18,499

22,100

30,177

12,959

12,959

10,484

477,371

477,371

477,371

482,853

7,789

32,314

32,360

37,842

44,246

15,581

407,066

393,695

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-77,537

0

0

0

-

-

-

-

Proceeds from sale of leveraged lease assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

105,506

105,506

207,290

207,290

101,784

0

0

0

-

-

-

-

-

-

-

-

Change in customer deposits at Pitney Bowes Bank

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net investment in external financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,647

-3,009

-5,062

-2,677

-12,293

-10,491

-4,558

-4,718

445

829

708

-1,456

0

0

0

Other investing activities

2,480

10,091

11,091

10,341

10,841

4,250

3,750

5,250

5,500

5,750

3,988

5,428

3,622

6,908

3,092

-2,116

-3,146

-7,339

-4,973

6,723

7,860

577

-4,909

-45,769

-46,708

-12,691

-12,049

37,090

10,220

8,567

-34,509

-19,600

-15,675

-35,354

9,534

-9,020

-15,625

-10,399

-13,305

-19,599

-12,118

-1,664

0

0

0

Net cash used in investing activities - continuing operations

-169,692

-180,563

-106,739

18,060

-34,896

-25,405

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities - discontinued operations

668,688

670,130

-20,056

335,701

334,335

334,532

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities - continuing operations

498,996

489,567

-126,795

353,761

299,439

309,127

-231,409

-477,359

-577,694

-621,365

-199,473

-321,948

-123,891

-115,553

-169,679

-160,788

-298,357

-303,193

-278,321

-327,469

-160,941

-154,661

276,681

339,181

246,597

241,156

-142,839

-187,744

-130,617

-86,732

-37,984

6,875

-84,685

-117,416

-165,701

-274,723

-314,122

-301,493

-294,684

-218,517

-150,426

-171,970

0

0

0

Cash flows from financing activities:
Proceeds from the issuance of long-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

894,744

1,044,744

450,000

450,950

150,950

16,950

16,950

16,000

508,525

492,525

492,525

492,525

411,613

751,613

751,613

751,613

340,000

0

0

0

-

-

-

-

0

0

0

0

297,513

0

0

0

Principal payments of long-term debt

1,850,248

930,189

207,679

335,168

327,676

570,180

915,242

995,326

1,140,317

964,550

614,449

229,378

79,333

371,007

482,125

532,113

612,143

516,070

404,952

354,909

374,879

599,850

899,420

899,420

1,174,420

1,079,207

779,637

779,637

804,637

550,000

550,000

550,000

150,000

0

0

0

0

0

0

0

0

-

-

-

-

Premiums and fees paid to extinguish debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-90,000

-150,000

219,875

169,550

90,000

150,000

100,000

100,000

0

0

0

0

-

-

-

-

-

-

-

135,530

-50,000

-131,562

-143,459

-56,500

-170,794

-33,438

9,084

-127,010

-389,666

0

0

0

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,934

13,172

13,138

11,931

11,423

11,665

12,317

12,675

11,962

0

0

0

Dividends paid to stockholders

34,476

35,361

62,056

88,731

114,890

140,498

140,262

140,076

139,939

139,490

139,341

139,156

139,165

140,608

142,747

145,456

148,320

150,114

150,806

151,248

151,440

151,611

151,854

151,740

151,474

188,846

226,251

263,659

300,987

300,578

0

0

0

-

-

-

-

-

-

-

-

297,555

0

0

0

Dividends paid to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,141

14,908

19,530

14,964

19,485

0

0

0

Proceeds from the issuance of common stock under employee stock-based compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of subsidiary shares from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock repurchases

65,858

105,000

105,000

100,000

39,142

0

0

0

0

-

-

-

-

197,267

228,986

326,495

260,170

131,719

0

0

0

-

-

-

-

0

6,989

653

183

0

0

0

0

-

-

-

-

-100,000

0

0

0

-

-

-

-

Other financing activities

-5,547

-6,076

7,046

-9,472

-8,386

-55,741

-16,734

-8,928

-9,471

35,127

-5,057

-7,417

-7,559

-6,863

-13,291

-9,912

-9,005

-3,330

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Net cash used in financing activities

-782,244

-686,640

-367,689

-533,371

-490,094

-766,419

-1,073,237

-103,442

146,933

367,747

369,472

-17,141

-288,207

-229,529

9,220

-362,476

-427,513

-578,658

-501,333

-452,839

-473,895

-311,844

-628,722

-577,569

-851,486

-868,062

-263,827

-301,398

-541,086

-519,640

-858,073

-907,077

-420,443

-455,017

-537,512

-600,424

-464,940

-579,968

-516,883

-527,097

-656,836

-625,861

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-8,780

2,046

-15,550

-12,421

-31,328

-25,381

-14,151

6,103

41,302

43,959

11,816

-6,248

-37,216

-26,708

-2,084

-11,129

10,454

-44,387

-49,867

-59,830

-62,944

-29,082

-22,200

-100

-9,298

-12,973

-7,607

-1,453

-13,866

3,222

2,493

-17,892

3,718

-4,679

-4,135

16,434

6,873

976

-1,230

-4,680

11,834

9,829

0

0

0

Change in cash and cash equivalents

-175,833

57,180

-243,441

83,137

120,995

-139,794

-936,646

-150,694

-19,678

244,499

712,155

176,848

137,321

124,332

305,405

-53,828

-232,821

-403,249

-217,265

-261,289

-41,221

162,701

154,455

387,748

-15,907

-15,055

334,847

108,796

-5,889

57,038

-290,405

-78,676

263,484

371,875

329,148

118,997

175,129

71,626

-55,082

14,189

53,723

36,066

0

0

0

Cash interest paid

169,207

157,709

154,439

160,061

157,515

171,120

164,976

176,213

163,288

169,279

150,135

154,661

143,990

150,567

150,808

156,710

156,666

165,287

165,460

173,521

174,063

180,250

198,195

197,331

201,229

199,505

183,711

187,206

185,970

190,892

194,596

201,505

202,173

202,159

200,520

197,143

196,650

191,880

195,079

191,021

195,295

195,256

0

0

0

Cash income tax payments, net of refunds

30,308

27,109

34,265

24,010

31,417

25,906

-17,606

-6,158

39,296

53,247

119,833

121,723

120,225

127,299

138,594

147,163

143,265

138,877

182,281

207,391

218,741

203,193

230,718

184,855

193,210

224,432

171,591

253,605

215,008

206,285

258,277

116,385

92,179

44,528

-23,188

85,465

187,227

231,550

250,196

217,019

213,371

197,925

0

0

0