Company: DLX
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000027996-25-000142
Chunk: 11

Company: DELUXE CORP
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 11
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 on sale of businesses and long-lived assets— (8,581)Deferred income taxes(4,768)(6,040)Other non-cash items, net4,605 10,153 Changes in assets and liabilities:  Trade accounts receivable(1,371)16,655 Inventories and supplies2,233 1,942 Other current and non-current assets(2,588)(21,672)Accounts payable11,323 6,217 Prepaid product discount payments(8,518)(10,503)Other accrued and non-current liabilities(21,574)(36,945)Net cash provided by operating activities50,281 26,590 Cash flows from investing activities:  Purchases of capital assets(25,968)(20,442)Proceeds from sale of businesses and long-lived assets1,968 — Other(595)(116)Net cash used by investing activities(24,595)(20,558)Cash flows from financing activities:  Proceeds from issuing long-term debt and swingline loans, net of debt issuance costs167,680 165,557 Payments on long-term debt and swingline loans(179,287)(200,125)Net change in settlement processing obligations(237,037)(272,806)Cash dividends paid to shareholders(14,531)(13,956)Other(5,464)(5,249)Net cash used by financing activities(268,639)(326,579)Effect of exchange rate change on cash, cash equivalents, restricted cash, and restricted cash equivalents1,085 (2,642)Net change in cash, cash equivalents, restricted cash, and restricted cash equivalents(241,868)(323,189)Cash, cash equivalents, restricted cash, and restricted cash equivalents, beginning of year309,153 458,033 Cash, cash equivalents, restricted cash, and restricted cash equivalents, end of period (Note 3)$67,285 $134,844 

See Condensed Notes to Unaudited Consolidated Financial Statements

6

DELUXE CORPORATIONCONDENSED NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

NOTE 1:CONSOLIDATED FINANCIAL STATEMENTSThe consolidated balance sheet as of March 31, 2025, the consolidated statements of comprehensive income for the quarters ended March 31, 2025 and 2024, the consolidated statements