CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net loss	$ (166,224)	$ (161,791)
Loss from discontinued operations, net of tax	310,789	162,092
Adjustments to reconcile net income or loss to net cash from operating activities:
Depreciation and amortization	85,897	84,500
Allowance for credit losses	9,388	9,338
Allowance for DIP Facility	29,311	0
Stock-based compensation	10,321	6,725
Amortization of debt fees	9,462	7,604
Loss (gain) on debt refinancing	2,142	(3,064)
Restructuring charges	64,859	34,768
Restructuring payments	(53,919)	(25,152)
Pension contributions and retiree medical payments	(21,273)	(30,739)
Loss on sale of assets	8,068	8,294
Loss on revaluation of intercompany loans	13,481	0
Impairment charges	10,000	43,209
Other, net	(4,685)	3,328
Changes in operating assets and liabilities, net of acquisitions/divestitures:
Accounts and other receivables	6,964	27,822
Finance receivables	57,238	8,427
Inventories	(8,609)	3,847
Other current assets and prepayments	(25,411)	(4,333)
Accounts payable and accrued liabilities	1,522	(98,444)
Current and noncurrent income taxes	(192,179)	377
Advance billings	(2,526)	(4,926)
Net cash from operating activities - continuing operations	144,616	71,882
Net cash from operating activities - discontinued operations	(49,925)	(85,792)
Net cash from operating activities	94,691	(13,910)
Cash flows from investing activities:
Capital expenditures	(50,221)	(50,226)
Purchases of investment securities	(28,360)	(11,248)
Proceeds from sales/maturities of investment securities	48,719	16,100
Net investment in loan receivables	875	(17,039)
DIP Facility disbursement	(27,789)	0
Settlement of derivative contracts	0	(6,988)
Other investing activities, net	1,565	1,337
Net cash from investing activities - continuing operations	(55,211)	(68,064)
Net cash from investing activities - discontinued operations	(11,137)	(27,372)
Net cash from investing activities	(66,348)	(95,436)
Cash flows from financing activities:
Proceeds from the issuance of debt, net of discount	0	266,750
Principal payments of debt	(42,401)	(308,755)
Premiums and fees paid to redeem debt	(4,938)	(10,531)
Dividends paid to stockholders	(26,846)	(26,330)
Customer deposits at Pitney Bowes Bank	15,359	88,456
Other financing activities, net	(2,340)	(6,032)
Net cash from financing activities - continuing operations	(61,166)	3,558
Net cash from financing activities - discontinued operations	(6,855)	(5,617)
Net cash from financing activities	(68,021)	(2,059)
Effect of exchange rate changes on cash and cash equivalents	1,162	(311)
Change in cash and cash equivalents	(38,516)	(111,716)
Cash and cash equivalents at beginning of period	600,054	668,331
Cash and cash equivalents at end of period	$ 561,538	$ 556,615

PITNEY BOWES INC /DE/ 10-Q