Pitney Bowes Inc.

PBI ·Technology, Computer Hardware, United States
Financial Statements › Cash Flow Statement
Annual Quarterly

Cash Flow Statement

Line Item FY2009 FY2008 FY2007
Operating Activities
Net Income $423.4M $419.8M $386.0M
Depreciation & Amortization $319.2M $360.2M $383.1M
Depreciation $270.0M $306.8M —
Amortization $69.0M $72.3M —
Stock-Based Compensation $22.5M $26.4M $24.1M
Net Cash from Operating Activities $824.1M $1.01B $1.08B
Investing Activities
Capital Expenditures $166.7M $237.3M $264.7M
Business Acquisitions $0 $67.7M $594.1M
Net Cash from Investing Activities $-172.0M $-234.1M $-726.3M
Financing Activities
Dividends Paid $297.6M $291.6M $288.8M
Stock Repurchases $0 — —
Net Cash from Financing Activities $-625.9M $-760.8M $-223.6M
Net Change in Cash $36.1M $-505.0K $138.1M
Free Cash Flow $657.3M $772.1M $815.1M
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