BARNES & NOBLE INC BKS Cash Flow

Barnes & noble inc (BKS)

CashFlow / Quarterly

Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Jan'18	Oct'17	Jul'17	Apr'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10	Oct'09	Jul'09	Apr'09
Net loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-12,023	-27,123	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-654
Net income (loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30,608	80,262	-27,203	-7,751	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,069
Cash flows from operating activities:
Net income (loss)
-18,729	66,930	-27,394	-17,038	-21,072	-	-63,536	-30,094	-10,778	-	-13,428	70,276	-20,409	-14,416	-30,608	80,262	-39,226	-34,874	-19,421	72,168	12,298	-28,449	-36,704	63,229	13,229	-87,022	-114,796	-3,683	501	-39,828	-53,702	52,031	-6,563	-56,606	-54,333	60,582	-12,579	-62,543	-32,052	80,389	-23,931	12,238	-2,723
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation and amortization (including amortization of deferred financing fees)
23,134	27,033	24,857	24,625	24,987	-	28,732	27,689	26,885	-	28,292	29,545	30,480	31,520	32,481	35,630	36,005	35,022	35,086	36,638	25,781	51,638	7,448	55,750	54,877	56,675	57,160	57,105	58,958	59,381	60,313	61,637	59,092	57,006	66,916	59,386	59,151	59,281	59,058	58,953	51,554	44,899	46,426
Stock-based compensation expense
884	1,388	1,239	464	2,077	-	1,656	1,809	1,323	-	765	2,372	87	3,075	3,258	2,999	4,792	3,152	2,632	2,975	6,661	4,607	3,007	2,466	1,459	4,222	3,257	5,723	6,167	5,040	5,940	5,459	4,687	4,689	5,318	5,286	5,226	5,148	3,894	4,016	4,075	3,738	3,900
Deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,101	63,387	-520	332	-116,103	-18,297	14,764	743	-36,195	675	-2,741	691	-368	663	661	658	-59,215	682	666	697	1,306
Loss on disposal of property and equipment
-83	-520	-226	47	-141	-	-80	-350	-159	-	-83	-205	-346	-628	-1,208	-49	-646	-525	-3,640	820	-2,552	767	1,080	99	-141	-118	-	-	-	-40	-225	-2,228	-26	-111	-1,466	1,216	-280	-363	-2,367	-143	759	-637	-29
Net decrease in other long-term liabilities
-3,246	-97	3,078	-1,507	-7,495	-	-3,443	-1,944	-2,212	-	-5,707	-5,632	-497	-2,766	-24,484	-14,767	-5,127	-3,647	21,766	-849	55	-25,173	19,715	-13,223	-8,291	-3,424	48,003	-72,526	56,654	-7,146	10,284	-10,632	-15,411	-14,313	-22,618	-8,048	-14,903	-9,574	-9,670	-12,674	-3,606	-9,272	-6,441
Net (increase) decrease in other non-current assets
-5,362	-368	163	-50	1,348	-	3,835	-43	-178	-	455	-126	-981	-220	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net
55,154	-74,456	52,018	-3,853	63,118	-	-145,205	117,170	2,733	-	50,029	-113,262	90,354	-9,369	69,745	-180,640	109,211	-30,114	-209,389	-154,566	31,866	140,888	161,002	-129,521	-82,050	-31,938	-14,928	-46,182	-30,534	-947	128,456	-86,926	-71,638	194,898	-72,706	-93,514	3,124	111,084	-9,992	-28,861	154,391	-55,010	-189,811
Net cash flows provided by operating activities
-46,900	192,665	-50,175	10,400	-71,027	-	214,628	-119,317	12,822	-	-11,689	210,247	-79,366	27,630	-47,625	288,840	-101,105	57,415	-125,613	235,369	28,546	-139,032	-173,932	303,832	142,945	2,839	-90,949	19,652	169,511	19,177	-141,430	209,910	110,728	-203,320	69,355	212,756	34,712	-117,751	-165,605	312,451	-126,392	107,947	-146,718
Cash flows from investing activities:
Purchases of property and equipment
34,009	27,876	38,242	13,604	17,680	-	20,439	28,827	20,705	-	22,593	21,928	28,935	22,802	24,489	19,064	28,034	22,687	29,139	17,468	15,075	33,123	550	26,041	41,850	28,287	54,740	44,142	40,496	26,457	40,081	47,955	48,891	26,625	28,430	30,623	30,025	21,424	50,387	30,002	24,109	23,281	22,822
Cash dividends paid to preferred shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,941	3,941	3,941	3,942	4,202	3,942	3,942	3,942	3,942	-	-	-	-	-	-	-	-	0	15,063	15,006	14,714	14,396	14,368	14,365	14,274	14,210
Inducement fee paid upon conversion of Series J preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,657	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fictionwise earn-out payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,729
Net cash flows used in investing activities
-34,009	-27,876	-38,242	-13,604	-17,680	-	-20,439	-28,827	-20,705	-	-22,593	-21,928	-28,935	-22,802	-24,489	-19,064	-28,034	-22,687	-29,617	-16,731	-10,837	-37,620	-1,543	-23,684	-40,049	-28,050	-53,364	-51,293	-37,523	-33,500	-47,695	-29,980	-65,259	-30,472	-38,875	-29,115	-30,541	-21,245	-59,298	-31,179	-208,425	-23,246	-38,464
Cash flows from financing activities:
Net (increase) decrease in other non-current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-737	-4,238	4,497	993	-2,357	-1,801	-237	-1,376	7,151	-2,973	2,943	7,614	25	1,840	3,847	-	-	-	-	-	-	-	-	-
Other investing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,100	-	-	-	-	-	-5,926	216	-179	1,965	-1,391	3,029	-35	-87
Proceeds from credit facility
306,249	332,300	314,625	265,100	295,495	-	268,989	370,233	238,600	-	242,300	252,455	349,023	296,400	-	-	-	-	0	216,600	132,800	0	-	-	-	217,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on credit facility
231,700	481,374	215,000	245,100	196,600	-	452,017	211,500	219,400	-	195,600	425,678	222,200	279,000	-	-	-	-	0	280,600	68,800	0	-	-	-	287,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
0	10,979	10,976	10,919	10,919	-	10,940	10,902	10,877	-	10,932	10,851	10,988	11,116	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury stock repurchase plan
-	-	-	-	-	-	-	-	-	-	0	3,493	10,045	9,743	-	-	-	-	-	-	-	680	-	208	501	3,077	4,353	138	725	357	2,440	131	912	607	510	32	715	579	1,528	26	687	787	1,799
Purchase of treasury stock related to stock-based compensation
49	44	92	711	0	-	31	167	455	-	1,114	487	221	872	1,564	353	878	1,209	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of amended credit facility related fees
0	0	55	4,370	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	338,400	-35,600	21,400	-	173,300	234,700	-196,500	-8,700	72,500	3,100	-119,600	-	-	-	-	-
Proceeds from exercise of common stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	695	158	449	265	581	32	404	-	-	-	-	1,110	248	62	1,980	41	378	0	678	159	123	16,902	49	1,418	2,200	167	578	5,519
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	1,496	259	769	401	619	76	373	23	58	106	113	128	8	190	0	44	4	145	-1,697	145	892	694	-204	373	-245	931	312
Cash dividends paid for long-term incentive awards
-	-	-	-	-	-	-	-	-	-	7	2	20	56	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from Microsoft commercial agreement financing arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	14,918	21,117	21,126	21,128	21,150	21,194	21,203	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-34,353	-52,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-654
Investing cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-11,764	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000
Financing cash flows (including cash at date of Spin-Off)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-16,029	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-50,382	-63,795	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	346
Net cash flows provided by (used in) financing activities
74,489	-160,118	88,044	4,000	87,976	-	-194,013	147,490	7,868	-	34,647	-188,056	105,387	-4,387	22,395	-219,586	155,694	-8,099	-9,199	-129,571	-47,704	16,724	16,964	-87,819	114,309	-55,210	91,140	-225,710	318,785	-19,587	215,859	-176,166	-44,189	196,716	2,472	-187,327	-1,027	105,050	245,690	-336,821	272,801	-13,552	-10,178
Net decrease in cash and cash equivalents
-6,420	4,671	-373	796	-731	-	176	-654	-15	-	365	263	-2,914	441	-49,719	50,190	-23,827	-37,166	-252,322	41,897	104,542	-159,928	-149,412	192,329	217,205	-80,421	-53,173	-257,351	450,773	-33,910	26,734	3,764	1,280	-37,076	32,952	-3,686	3,144	-33,946	20,787	-55,549	-62,016	71,149	-195,014
Changes in operating assets and liabilities, net:
Receivables, net
-999	-1,472	-2,626	1,782	1,610	-	-10,951	9,887	-3,278	-	-3,140	-5,310	-26,545	-22,628	55,553	-12,991	17,966	4,124	-13,021	-3,219	-4,807	-23,668	-155,487	103,453	42,508	1,429	-246,800	162,667	80,002	-16,447	-226,907	156,254	84,057	6,249	-206,252	171,293	74,166	4,511	-100,041	59,098	-100,114	21,699	10,150
Merchandise inventories, net
-76,592	-145,394	205,308	-17,804	-16,859	-	-202,025	226,422	3,749	-	-63,434	-208,479	230,650	54,449	-110,207	-175,948	201,588	22,552	-35,638	-172,612	-204,235	448,933	-237,241	-150,006	-155,834	336,960	-374,180	-11,259	-151,214	385,581	-253,057	-21,842	22,304	439,074	-240,512	-145,244	-26,565	417,572	-309,341	-51,424	135,938	-3,995	-30,285
Textbook rental inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-42,137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
2,726	-9,760	1,908	10,877	-14,455	-	-62,069	30,930	8,498	-	39,622	-67,240	10,816	12,706	39,238	-81,915	29,667	24,957	27,282	-24,498	21,072	4,372	-2,599	-29,345	62,294	-34,547	22,577	-92,772	86,332	-29,008	16,149	-10,817	23,720	-5,304	-33,526	-7,840	15,940	5,537	22,079	64,115	-26,245	-3,274	-462
Accounts payable, accrued liabilities and gift card liabilities
-130,019	-82,170	152,572	-1,292	-92,822	-	-129,840	150,069	6,236	-	-76,981	-167,767	124,567	53,896	-85,161	-90,214	140,010	81,747	-194,390	-45,763	-177,699	246,612	-577,352	74,646	31,018	335,780	-563,519	104,818	45,654	341,073	-592,271	210,521	201,719	245,121	-407,584	111,723	60,417	316,536	-377,311	100,650	-144,812	69,440	169,214
Changes in operating assets and liabilities, net
55,154	-74,456	52,018	-3,853	63,118	-	-145,205	117,170	2,733	-	50,029	-113,262	90,354	-9,369	69,745	-180,640	109,211	-30,114	-209,389	-154,566	31,866	140,888	161,002	-129,521	-82,050	-31,938	-14,928	-46,182	-30,534	-947	128,456	-86,926	-71,638	194,898	-72,706	-93,514	3,124	111,084	-9,992	-28,861	154,391	-55,010	-189,811
Interest
2,921	3,043	2,831	2,814	1,882	-	2,173	2,020	1,536	-	1,362	1,634	1,388	1,103	1,112	1,536	8,005	1,564	1,508	2,272	4,877	7,891	1,344	8,353	2,233	8,185	1,759	10,093	2,814	10,259	2,972	11,320	3,710	10,296	6,388	17,923	4,532	16,761	1,979	9,480	697	149	73
Income taxes (net of refunds)
-656	1,028	-1,361	520	-1,729	-	-1,303	239	-352	-	1,168	-20,172	627	1,518	8,383	1,253	3,198	3,273	45,505	25,887	6,867	17,325	1,763	1,134	-2,116	2,690	963	568	631	1,660	-566	-373	680	1,872	-59,535	-5	3,780	14,079	28,935	-814	1,786	1,554	37,735
Non-cash financing activity:
Accrued dividends for common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,687	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued dividends for long-term incentive awards
118	212	-232	1,175	299	-	212	61	665	-	63	99	-105	520	125	136	147	43	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to preferred stockholders paid in shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock upon conversion of Series J preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	200,262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired (net of cash acquired)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,501
Liabilities assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,772
Cash paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,729
Note receivable on sale of Calendar Club
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000
Accrued dividends on redeemable preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	1	-1	3,942	260	0	0	3,942	0	0	0	3,942	-	-	-	-	-	-	-	-	-	-	-	-	-