| Apr'19 | Apr'18 | Apr'17 | Apr'17 | Apr'16 | Apr'15 | Apr'14 | Apr'13 | Apr'12 | Apr'11 | Apr'10 | Jan'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Net loss from discontinued operations | |||||||||||
- | - | - | - | -39,146 | 3,724 | 31,872 | - | - | - | - | -9,506 |
Net income (loss) from continuing operations | |||||||||||
- | - | 22,023 | - | 14,700 | 32,872 | -79,140 | - | - | - | - | 85,396 |
Cash flows from operating activities: | |||||||||||
Net income (loss) | |||||||||||
3,769 | -125,480 | 22,023 | 22,023 | -24,446 | 36,596 | -47,268 | -157,806 | -64,840 | -68,873 | 36,644 | 75,890 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||||||||||
Depreciation and amortization (including amortization of deferred financing fees) | |||||||||||
99,649 | 108,293 | 119,837 | 119,837 | 139,138 | 149,143 | 174,750 | 232,604 | 238,048 | 244,734 | 214,464 | 174,104 |
Stock-based compensation expense | |||||||||||
3,975 | 6,865 | 6,299 | 6,299 | 14,201 | 16,875 | 11,154 | 20,187 | 20,775 | 20,978 | 15,723 | 20,549 |
Impairment charges | |||||||||||
22,067 | 135,435 | 349 | 349 | 3,991 | 366 | 32,379 | 24,473 | 11,747 | 2,857 | 12,102 | 11,715 |
Deferred taxes | |||||||||||
766 | -30,865 | 28,534 | 28,534 | 34,604 | -3,858 | 58,098 | -118,893 | -37,570 | 1,614 | -57,170 | -430 |
Loss on disposal of property and equipment | |||||||||||
-782 | -730 | -1,262 | -1,262 | -2,428 | -4,605 | 920 | 750 | -2,590 | -893 | -2,388 | 4,625 |
Net decrease in other long-term liabilities | |||||||||||
-1,772 | -15,094 | -14,602 | -14,602 | -48,025 | -4,201 | -5,223 | 24,985 | -30,072 | -55,143 | -35,222 | 7,590 |
Pension contributions | |||||||||||
- | - | - | - | 12,707 | 13,667 | 1,904 | - | - | - | - | - |
Pension reclassification | |||||||||||
- | - | - | - | 20,802 | 7,317 | - | - | - | - | - | - |
Net (increase) decrease in other non-current assets | |||||||||||
-5,617 | 4,962 | -872 | -872 | 3,405 | -1,019 | -3,983 | - | - | - | - | - |
Changes in operating assets and liabilities, net | |||||||||||
28,863 | 37,816 | 17,752 | 17,752 | -31,798 | -191,201 | -82,507 | -92,591 | 164,790 | -52,012 | 60,528 | 72,700 |
Net cash flows provided by operating activities | |||||||||||
105,990 | 37,106 | 146,822 | 146,822 | 197,525 | -730 | 275,684 | 117,391 | -24,112 | 199,072 | 128,401 | 376,249 |
Cash flows from investing activities: | |||||||||||
Purchases of property and equipment | |||||||||||
113,731 | 87,651 | 96,258 | 96,258 | 94,274 | 94,805 | 96,728 | 165,835 | 163,552 | 110,502 | 127,779 | 192,153 |
Cash settlement of equity award | |||||||||||
- | - | - | - | 8,022 | - | - | - | - | - | - | - |
Cash dividends paid to preferred shareholders | |||||||||||
- | - | - | - | 3,941 | 16,026 | 15,768 | 15,767 | 7,081 | 44,783 | 57,403 | 51,581 |
Inducement fee paid upon conversion of Series J preferred stock | |||||||||||
- | - | - | - | 3,657 | - | - | - | - | - | - | - |
Net proceeds from issuance of Preferred Membership interests | |||||||||||
- | - | - | - | - | - | - | 380,623 | - | - | - | - |
Fictionwise earn-out payments | |||||||||||
- | - | - | - | - | - | - | - | - | 7,508 | 2,612 | - |
Purchase of non-controlling interest | |||||||||||
- | - | - | - | - | - | - | - | - | 300 | - | - |
Acquisition of Barnes & Noble College Booksellers, Inc (net of cash acquired) | |||||||||||
- | - | - | - | - | - | - | - | - | - | 185,928 | - |
Acquisition of Tikatok Inc. (net of cash acquired) | |||||||||||
- | - | - | - | - | - | - | - | - | - | 2,261 | - |
Net cash flows used in investing activities | |||||||||||
-113,731 | -87,651 | -96,258 | -96,258 | -94,274 | -94,805 | -93,326 | -175,680 | -173,406 | -119,776 | -322,148 | -192,876 |
Cash flows from financing activities: | |||||||||||
Net (increase) decrease in other non-current assets | |||||||||||
- | - | - | - | - | - | -3,402 | 5,745 | 13,326 | 1,466 | - | - |
Other investing activities, net | |||||||||||
- | - | - | - | - | - | - | 4,100 | - | - | 3,568 | 723 |
Proceeds from sale of distribution center | |||||||||||
- | - | - | - | - | - | - | - | 18,000 | - | - | - |
Purchase of Borders Group, Inc. intellectual property | |||||||||||
- | - | - | - | - | - | - | - | 14,528 | - | - | - |
Proceeds from credit facility | |||||||||||
1,218,274 | 1,173,317 | 1,140,178 | 1,140,178 | 929,500 | 349,400 | 734,000 | 1,639,600 | 1,912,894 | - | - | - |
Payments on credit facility | |||||||||||
1,173,174 | 1,079,517 | 1,122,478 | 1,122,478 | 882,300 | 349,400 | 811,000 | 1,886,800 | 1,901,794 | - | - | - |
Cash dividends paid | |||||||||||
32,874 | 43,638 | 43,887 | 43,887 | 46,056 | - | - | - | - | - | - | - |
Treasury stock repurchase plan | |||||||||||
- | - | 23,281 | 23,281 | 26,718 | - | - | 5,573 | 4,090 | 1,836 | 3,028 | 201,481 |
Purchase of treasury stock related to stock-based compensation | |||||||||||
896 | 653 | 2,694 | 2,694 | 4,004 | 10,607 | 5,254 | - | - | - | - | - |
Net proceeds from issuance of Series J preferred stock | |||||||||||
- | - | - | - | - | - | - | - | 191,379 | - | - | - |
Payment of amended credit facility related fees | |||||||||||
4,425 | - | 474 | - | 5,701 | - | - | - | 378 | 10,180 | 37,069 | - |
Payment of credit facility related fees | |||||||||||
- | - | - | 474 | - | - | - | - | - | - | - | - |
Net decrease in credit facility | |||||||||||
- | - | - | - | - | - | - | - | - | -52,700 | -260,400 | - |
Proceeds from exercise of common stock options | |||||||||||
- | - | 312 | 312 | 1,303 | 1,282 | 1,031 | 3,400 | 1,097 | 17,233 | 4,363 | 9,662 |
Excess tax benefit from stock-based compensation | |||||||||||
- | - | - | - | - | 1,865 | 560 | 439 | 193 | 34 | 855 | 869 |
Cash dividends paid for long-term incentive awards | |||||||||||
490 | 188 | 85 | 85 | - | - | - | - | - | - | - | - |
Payment of Junior Seller Note | |||||||||||
- | - | - | - | - | 127,250 | - | - | - | - | - | - |
Acquisition of preferred membership interests | |||||||||||
- | - | - | - | - | 76,175 | - | - | - | - | - | - |
Net proceeds from Microsoft commercial agreement financing arrangement | |||||||||||
- | - | - | - | - | 57,161 | 84,675 | 48,706 | - | - | - | - |
Operating cash flows | |||||||||||
- | - | - | - | -86,384 | 50,926 | 48,255 | - | - | - | - | 7,242 |
Investing cash flows | |||||||||||
- | - | - | - | -11,764 | -51,452 | -39,156 | - | - | - | - | -738 |
Financing cash flows (including cash at date of Spin-Off) | |||||||||||
- | - | - | - | -16,029 | - | - | - | - | - | - | -818 |
Net cash flows used in discontinued operations | |||||||||||
- | - | - | - | -114,177 | -526 | 9,099 | - | - | - | - | 5,686 |
Payment of short term note payable | |||||||||||
- | - | - | - | - | - | - | - | - | 100,000 | - | - |
Payment received for Calendar Club note receivable | |||||||||||
- | - | - | - | - | - | - | - | - | 6,000 | - | - |
Net cash flows provided by (used in) financing activities | |||||||||||
6,415 | 49,321 | -52,409 | -52,409 | -49,596 | -169,750 | -11,756 | 164,628 | 192,220 | -80,832 | 168,118 | -242,531 |
Net decrease in cash and cash equivalents | |||||||||||
-1,326 | -1,224 | -1,845 | -1,845 | -60,522 | -265,811 | 179,701 | 106,339 | -5,298 | -1,536 | -25,629 | -53,472 |
Changes in operating assets and liabilities, net: | |||||||||||
Receivables, net | |||||||||||
-3,315 | -2,732 | -57,623 | -57,623 | 64,652 | -44,715 | -8,097 | -20,578 | 19,653 | 43,718 | -119,358 | 13,881 |
Merchandise inventories, net | |||||||||||
-34,482 | 11,287 | 13,186 | 13,186 | -62,015 | 36,448 | -206,121 | -151,072 | 186,479 | 5,251 | -228,822 | 154,699 |
Textbook rental inventories | |||||||||||
- | - | - | - | - | - | - | 19,956 | - | - | - | - |
Prepaid expenses and other current assets | |||||||||||
5,751 | -37,096 | -4,096 | -4,096 | 11,947 | 28,228 | -4,197 | -12,871 | 23,748 | -19,889 | 56,675 | -1,985 |
Accounts payable, accrued liabilities and gift card liabilities | |||||||||||
-60,909 | -66,357 | -66,285 | -66,285 | 46,382 | -171,240 | -135,908 | -71,974 | 65,090 | 81,092 | -352,033 | 93,895 |
Changes in operating assets and liabilities, net | |||||||||||
28,863 | 37,816 | 17,752 | 17,752 | -31,798 | -191,201 | -82,507 | -92,591 | 164,790 | -52,012 | 60,528 | 72,700 |
Interest | |||||||||||
11,609 | 7,611 | 5,487 | 5,487 | 12,217 | 16,548 | 20,115 | 24,925 | 28,298 | 45,604 | 12,305 | 1,812 |
Income taxes (net of refunds) | |||||||||||
-469 | -3,145 | -16,859 | -16,859 | 16,107 | 95,584 | 3,471 | 3,822 | 1,613 | -41,681 | 31,461 | 50,383 |
Non-cash financing activity: | |||||||||||
Accrued dividends for long-term incentive awards | |||||||||||
1,273 | 1,237 | 577 | 577 | 451 | - | - | - | - | - | - | - |
Dividends to preferred stockholders paid in shares | |||||||||||
- | - | - | - | 1,783 | - | - | - | - | - | - | - |
Issuance of common stock upon conversion of Series J preferred stock | |||||||||||
- | - | - | - | 200,262 | - | - | - | - | - | - | - |
Assets acquired (net of cash acquired) | |||||||||||
- | - | - | - | - | - | - | - | - | 1,513 | 1,416,134 | - |
Liabilities assumed | |||||||||||
- | - | - | - | - | - | - | - | - | 1,213 | 1,227,945 | - |
Cash paid | |||||||||||
- | - | - | - | - | - | - | - | - | 300 | - | - |
Cash paid | |||||||||||
- | - | - | - | - | - | - | - | - | - | 188,189 | - |
Notes payable on Acquisition of B&N College | |||||||||||
- | - | - | - | - | - | - | - | - | - | 250,000 | - |
Accrued dividends on redeemable preferred stock | |||||||||||
- | - | - | - | - | 3,941 | 4,202 | 3,942 | 3,963 | - | - | - |
Acquisition of preferred membership interests for 2,737 shares of common stock of Barnes & Noble, Inc. | |||||||||||
- | - | - | - | - | 76,175 | - | - | - | - | - | - |