Ark restaurants corp (ARKR)
CashFlow / Yearly
Sep'19Sep'18Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

2,461

5,073

5,073

4,757

5,490

6,392

6,185

5,111

7,150

2,304

2,317

Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Stock-based compensation

112

47

47

0

286

426

349

317

108

190

535

Asset impairment on closure of Durgin-Park

1,067

-

0

-

-

-

-

-

-

-

-

Gain (Loss) on Leasehold Improvements

-2,857

-

0

-

-

-

-

-

-

-

-

Impairment loss from write-down of long-lived assets

-

-

-

-

-

-

-

-

379

2,603

-

Write-off of notes receivable from former president

-

-

-

-

-

-

-

-

-66

-

-540

Loss on closure of Durgin-Park

-

-

-

-120

-16

-

-9

-256

-365

-

-

Gain on sale of Ark Jupiter RI, LLC

-

-

-

1,637

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-283

-

-

-

-

-

-

-

Loss on disposal of discontinued operation

-

-

-

-

-

-

-

-

-270

71

-

Loss on disposal of discontinued operation

-

-

-

-

-

-

-

-

-

-

0

Deferred income taxes

-1,118

-1,497

-1,497

1,550

1,134

213

-408

1,234

2,293

-1,104

-933

Accrued interest on note receivable from NMR

61

57

57

56

-

-

-

-

-

-

-

Depreciation and amortization

5,233

5,074

5,074

4,132

4,553

4,415

4,619

4,303

4,110

3,969

3,873

Amortization of deferred financing costs

35

21

21

46

43

-

-

-

-

-

-

Operating lease deferred credit

499

347

347

-72

220

423

387

44

-1,409

18

-289

Excess tax benefits related to stock-based compensation

-

-

-

-

-

113

220

-

-

-3

-1

Changes in operating assets and liabilities:
Accounts receivable

-831

99

99

-397

529

205

304

-1,078

112

-182

-17

Inventories

48

102

102

-193

-131

124

43

103

232

-51

-105

Prepaid, refundable and accrued income taxes

-752

-224

-224

1,373

1,886

-1,428

-1,786

-418

1,129

-101

-

Prepaid expenses and other current assets

-513

-441

-441

-546

191

874

290

51

675

-142

-369

Other assets

-35

-2

-2

175

865

445

286

-109

14

406

131

Accounts payable - trade

-1,475

269

269

1,874

-331

615

-166

29

207

-1,233

-118

Accrued expenses and other current liabilities

-80

526

526

-379

-18

-4

1,061

402

-772

1,159

1,513

Accrued income taxes

-

-

-

-

-

-

-

-

-

-

-449

Net cash provided by operating activities

10,615

9,575

9,575

10,350

7,613

11,301

11,905

13,059

13,423

8,530

5,548

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of fixed assets

3,419

5,063

5,063

13,904

2,160

3,204

3,598

3,283

7,995

2,772

2,900

Purchase of management rights

-

-

-

-

-

-

-

-

400

600

-

Proceeds from sale of discontinued operation

-

-

-

-

-

-

-

-

-

400

-

Consolidated cash balances of VIEs

-

-

-

-

-

-

-

-

-

757

-

Loans and advances made to employees

224

-136

136

-121

-198

-247

-261

-124

-175

-137

-101

Payments received on employee receivables

196

149

149

175

230

161

208

117

87

139

395

Interest payments received from NMR

276

-

0

-

-

-

-

-

-

-

-

Proceeds from the sale of Ark Jupiter RI, LLC

-

-

-

2,474

-

-

-

-

-

-

-

Payments received on note receivable

-

-

-

-

-

253

747

-

-

102

129

Purchase of JB's on the Beach, net of cash acquired

25

-

0

-

-

-

-

-

-

-

-

Additional investment in Meadowlands Newmark LLC

-

-

-

222

-

-

-

-

-

-

-

Loan made to Meadowlands Newmark LLC

-

-

-

-

200

-

-

-

-

-

-

Purchases of investment securities

-

-

-

-

-

-

-

-

441

3,145

10,916

Proceeds from sales of investment securities

-

-

-

-

-

-

-

75

3,062

7,879

11,654

Purchase of restaurants and bars

25

-

0

-

-

-

-

-

-

-

-

Purchase of leasehold rights

-

-

-

-

-

400

114

-

-

-

-

Net cash used in investing activities

-3,196

-5,050

-5,050

-14,641

-3,045

-3,659

-6,692

-10,380

-5,862

2,623

-1,739

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of note payable

-

-

-

-

-

-

-

3,000

-

-

-

Principal payments on notes payable

1,608

2,067

2,067

3,951

2,533

1,794

2,339

1,468

78

224

209

Borrowings under credit facility

650

5,086

5,086

6,198

-

-

-

-

-

-

-

Repayments of borrowings under credit facility

650

-

0

-

-

-

-

-

-

-

-

Payment of debt financing costs

51

125

125

-

131

-

-

-

-

-

-

Dividends paid

3,481

3,443

3,443

2,569

3,420

4,240

3,281

2,433

3,245

3,493

6,981

Proceeds from issuance of stock upon exercise of stock options

268

604

604

72

83

525

1,621

121

-

48

13

Excess tax benefits related to stock-based compensation

-

-

-

-

-

113

220

44

-

3

1

Purchase of treasury shares

-

-

-

-

-

-

-

1,000

1,000

-

-

Distributions to non-controlling interests

382

974

974

1,292

1,063

1,173

1,520

1,900

2,313

1,718

121

Payments received on stock option receivable

-

-

-

-

-

-

-

-

-

-

47

Net cash used in financing activities

-5,254

-919

-919

-1,542

-7,064

-6,569

-5,299

-2,636

-6,636

-5,384

-7,250

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

2,165

-

3,606

-

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

3,606

-

-5,833

-2,496

1,073

-86

43

925

5,769

-3,441

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the year for:
Cash paid during the period for:
Interest

1,420

-

1,008

-

-

-

-

-

-

-

-

Interest

-

1,008

-

707

416

238

201

62

23

12

29

Income taxes

732

127

127

1,490

2,850

956

790

379

2,363

1,201

2,553

Non-cash investing activities:
Landlord provided fixed assets

8,653

-

0

-

-

-

-

-

-

-

-

Note payable in connection with purchase of treasury shares

-

-

-

-

-

-

-

2,125

2,125

-

-

Tax benefit of purchase of member interests in subsidiary

-

-

-

-

-

-

-

1,080

-

-

-

Liquidation of non-controlling interests in discontinued operation

-

-

-

-

-

-

-

691

-

-

-

Conversion of intangible asset to note receivable

-

-

-

-

-

-

-

1,000

-

-

-

Note payable in connection with the purchase of JB's on the Beach

7,000

-

0

-

-

-

6,000

-

-

-

-

Change in excess tax benefits from stock-based compensation

-

-

-

-389

86

548

-

-

-

-

-

Refinancing of credit facility borrowings to term notes

3,200

4,430

4,430

-

-

-

-

-

-

-

-

Accrued dividend

875

868

868

857

-

-

-

-

-

-

-

Retirement of 1,356 treasury shares

-

-

-

-

13,220

-

-

-

-

-

-

Accrued dividend

-

-

-

-

-

-

844

814

-

-

-

Note received in connection with sale of discontinued operation

-

-

-

-

-

-

-

-

-

100

-