Pitney Bowes Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $144.7M | $-203.6M | $-385.6M | $36.9M | $-1.4M | $-180.4M | $194.3M | $241.8M |
| Depreciation & Amortization | $111.6M | $114.5M | $112.7M | $111.2M | $162.9M | $160.6M | $159.1M | $148.5M |
| Depreciation | $107.0M | $110.0M | $108.0M | $101.0M | $132.0M | $127.0M | $123.0M | $110.0M |
| Amortization | $5.0M | $5.0M | $5.0M | $10.0M | $30.0M | $33.0M | $36.0M | $39.0M |
| Stock-Based Compensation | $14.2M | $16.5M | $8.9M | $16.3M | $20.9M | $17.5M | $23.1M | $21.0M |
| Net Cash from Operating Activities | $383.3M | $229.2M | $80.1M | $175.0M | $301.5M | $302.0M | $267.9M | $344.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $66.3M | $72.4M | $78.1M | $82.6M | $184.0M | $105.0M | $137.3M | $137.8M |
| Business Acquisitions | $2.2M | $0 | $0 | $5.1M | $15.0M | $6.6M | $22.1M | $10.5M |
| Net Cash from Investing Activities | $-125.1M | $-49.1M | $-124.1M | $-24.3M | $-155.3M | $-75.7M | $457.6M | $286.3M |
| Financing Activities | ||||||||
| Dividends Paid | $51.1M | $36.0M | $35.2M | $34.7M | $34.8M | $34.3M | $35.4M | $140.5M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-445.4M | $-305.5M | $-30.0M | $-198.1M | $-330.4M | $-235.4M | $-670.3M | $-745.4M |
| Net Change in Cash | $-184.8M | $-130.3M | $-68.3M | $-63.4M | $-189.0M | $-3.0M | $57.2M | $-139.8M |
| Free Cash Flow | $317.0M | $156.8M | $2.0M | $92.4M | $117.5M | $197.0M | $130.6M | $206.8M |