Bloomin' brands, inc. (BLMN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Apr'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Cash flows provided by operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-34,414

29,286

9,373

29,809

65,649

12,425

4,253

26,723

66,137

12,845

5,293

35,832

49,638

-5,059

21,228

-8,065

35,883

19,017

17,405

33,056

62,082

23,934

-10,830

27,722

55,100

60,914

12,134

76,464

65,056

20,663

-33,755

20,564

53,832

Adjustments to reconcile Net (loss) income to cash provided by operating activities:
Depreciation and amortization

48,268

49,615

47,926

49,788

49,482

50,120

50,571

50,782

50,120

49,803

47,826

48,063

46,590

48,632

48,551

49,004

47,651

49,083

47,455

47,375

46,486

47,369

48,750

48,627

46,165

42,874

40,135

40,889

40,196

39,028

38,347

39,247

38,860

Amortization of deferred discounts and issuance costs

634

626

636

621

634

631

642

645

643

628

603

633

1,004

3,995

1,320

1,227

1,315

1,139

1,144

1,131

1,308

2,816

738

792

848

901

873

877

923

1,194

2,045

2,059

2,924

Amortization of Deferred Sales Commissions

9,090

7,167

4,838

5,682

8,407

7,076

4,932

5,804

9,415

8,221

4,774

5,854

7,902

6,899

5,314

6,199

9,633

7,824

4,833

6,192

9,356

7,365

5,315

6,037

8,792

6,617

4,545

5,060

7,604

5,899

4,044

4,503

6,690

Provision for impaired assets and restaurant closings

41,318

2,168

1,391

1,940

3,586

21,273

3,962

8,889

2,739

14,076

18,579

598

19,076

55,444

4,743

41,276

3,164

24,952

1,682

900

9,133

15,911

29,081

1,025

6,064

20,132

121

689

1,896

3,916

0

4,654

4,435

Non-cash operating lease costs

19,253

18,542

18,719

18,282

17,814

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for expected credit losses and contingent lease liabilities

7,522

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory obsolescence and spoilage

5,291

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of operating lease assets

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion on debt discounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

492

529

568

614

589

595

653

233

285

189

173

Stock-based and other non-cash compensation expense

3,289

5,899

5,898

6,819

6,035

7,741

6,429

7,205

6,058

6,163

5,874

7,229

6,672

3,876

6,192

6,893

4,561

5,928

4,987

7,193

4,617

5,143

4,874

7,315

2,357

5,005

6,256

4,133

6,195

6,824

21,925

3,486

12,543

Income from operations of unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

276

1,973

2,623

2,858

58

1,268

1,720

2,404

Deferred income tax benefit

-10,940

-23,908

-1,037

-444

-501

-28,172

-1,054

-390

126

-31,303

1,566

-509

2,195

-78,609

-1,423

2,953

234

-2,057

4,122

1,721

210

-11,936

-1,315

504

-876

-27,457

-16,019

-40,127

0

-7,105

-7

3

-333

Unrealized loss on derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

321

385

-194

Gain on life insurance and restricted cash investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-427

1,370

362

1,820

862

658

1,944

1,001

1,941

-948

3,156

Gain (Loss) on Extinguishment and Modification of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-418

0

-26,580

-318

0

-2,638

0

-

-

-

-

-

-

-

-

-9,150

-8,956

0

-2,851

Loss on sale of a business or subsidiary

0

0

8

-47

-167

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-770

0

0

0

-

-

-

-

-

-

-

-

Recognition of deferred gain on sale-leaseback transactions

-

-

-

-

-

3,100

3,100

3,031

3,069

3,064

3,020

2,919

2,897

2,628

1,614

1,188

551

-

-

-

-

535

535

535

535

535

535

580

485

537

536

537

0

Loss on disposal of property, fixtures and equipment

-796

-

-

-

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-471

-641

-436

-1,120

-42

-597

318

-839

-301

-517

-484

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

1,038

836

297

81

-325

-214

145

1,127

1,665

-28

-126

1,221

4,363

0

0

0

-

-

-

-

Other, net

-1,655

3,653

2,519

3,632

667

-1,952

-1,734

-1,143

-114

1,739

-2,888

-1,118

-684

-2,346

847

-990

1,659

195

1,007

-202

1,253

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities

63,471

-

33,517

60,345

66,730

-

12,447

49,180

80,748

-

36,002

41,936

-5,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in assets and liabilities:
(Increase) decrease in inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,806

1,617

8,566

-117

-6,235

17,833

1,017

-1,936

-13,788

3,602

5,582

-2,751

-10,201

-4,362

7,990

5,835

-886

Increase in other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-95,746

115,006

-4,958

-11,934

-54,387

82,339

9,277

17,749

7,463

12,455

5,124

5,590

5,167

18,510

1,878

6,121

-12,763

Increase in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,424

-5,555

-4,123

-3,729

-3,562

-3,318

-821

-2,729

-2,591

-2,824

7,551

-1,938

-2,530

-1,504

-1,638

1,555

-2,447

(Decrease) increase in accounts payable and accrued and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,818

7,791

-10,427

-8,334

1,829

34,241

9,381

-23,397

11,957

23,642

15,326

-15,686

-13,090

38,895

3,933

-1,778

-36,363

Increase in deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,452

2,467

2,453

5,064

7,999

3,777

6,487

6,402

2,080

2,910

8,010

6,862

2,836

5,447

4,409

4,374

2,834

Increase (decrease) in unearned revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-102,963

145,778

-21,415

-13,577

-104,680

155,575

-24,153

-12,178

-98,214

156,964

-18,498

-11,587

-97,245

151,346

-15,641

-8,333

-97,751

Increase (decrease) in other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,288

-1,350

-3,262

2,269

-4,182

6,984

2,564

-2,829

-2,248

13,190

66

-1,970

1,117

40

700

1,328

187

Net cash provided by operating activities

28,291

136,677

48,483

48,560

83,883

132,878

55,113

48,548

51,535

185,987

39,878

46,939

136,198

117,027

18,144

74,691

130,725

147,845

49,867

101,465

95,962

192,458

62,302

57,419

39,827

250,591

31,953

76,620

18,100

259,141

23,246

55,608

2,096

Cash flows used in investing activities:
Purchases of life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

642

520

520

3,399

1

387

372

6,391

-248

-42

350

Proceeds received from life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

627

168

12

1,021

38

0

0

0

0

Proceeds from disposal of property, fixtures and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

2,417

2,457

647

1,675

3,508

457

105

-338

622

1,140

1,799

1,962

1,312

0

1,255

Proceeds from sale-leaseback transactions, net

-

-

-

-

-

-

-

-

-

14,974

34,086

11,004

38,776

210,397

159,690

152,138

8,459

0

0

0

0

-

-

-

-

-

-

-

-

0

0

0

192,886

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,063

100,319

0

0

0

-

-

-

-

Proceeds from sale of a business, net of cash divested

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,798

0

0

0

0

-

-

-

-

-

-

-

-

Capital expenditures

34,229

44,448

36,705

36,063

44,710

61,936

53,760

44,181

48,347

76,769

67,564

58,019

58,237

74,997

76,262

65,753

43,566

43,480

52,532

66,579

47,672

63,436

76,813

58,306

39,313

71,060

69,004

56,200

40,950

44,554

54,423

45,724

34,019

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,781

29,457

-

11,174

23,166

8,528

6,463

6,056

8,042

5,514

9,930

6,013

7,083

6,184

11,297

22,359

33,798

16,816

Increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,871

10,128

-

4,744

20,948

8,268

9,026

6,958

9,087

5,105

19,647

6,010

7,367

5,093

4,236

145,866

-48,932

-21,100

Other investments, net

569

-961

-2,148

540

-2,690

-527

-475

2,412

-2,137

2

457

3

1,120

1,406

430

606

2,777

-5,252

1,932

-12,061

511

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

332

Net cash used in investing activities

-34,798

-37,581

-19,856

-31,834

-42,020

-52,993

-42,359

-35,734

-46,210

-60,580

-28,934

-13,020

-20,581

141,346

83,768

88,687

-18,553

-52,657

-45,617

-49,843

-39,478

-64,324

-74,849

-59,414

-41,755

-184,665

-68,368

-54,710

-38,394

-38,754

-36,306

-60,816

155,820

Cash flows provided by (used in) financing activities:
Proceeds from issuance of long-term debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

69,512

0

294,699

149,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Extinguishment and modification of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

478,906

0

0

215,000

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of 2012 CMBS Loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

495,186

Repayments of long-term debt

6,657

6,613

6,615

6,603

7,428

6,522

7,288

6,440

6,436

10,950

179

21,521

42,878

134,350

117,538

93,737

9,991

6,746

6,911

8,315

21,104

6,714

7,069

3,512

14,578

43,404

3,542

3,301

30,558

27,919

6,738

5,569

6,642

Extinguishment of CMBS loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

777,563

Proceeds from borrowings on revolving credit facilities, net

505,000

137,500

125,300

259,800

148,200

98,300

111,700

115,000

151,829

878,261

126,500

225,500

115,500

138,000

177,500

105,500

308,500

41,815

126,124

265,101

131,000

44,500

59,500

415,000

0

-

-

-

-

-

-

-

-

Repayments of borrowings on revolving credit facilities

129,000

202,300

147,800

168,900

152,300

148,800

95,200

112,500

122,000

259,500

52,500

204,000

160,500

162,000

144,500

100,000

133,000

265,000

41,000

37,300

115,000

134,500

44,500

15,000

0

-

-

-

-

-

-

-

-

Issuance of notes receivable due from stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37

467

36

47

Repayments of notes receivable due from stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

517

5,312

0

198

0

1,463

Repurchase of common stock

-

-

-

-

-

14,999

17,968

30,004

50,996

0

74,045

145,675

53,196

35,043

135,070

65,045

75,176

10,045

60,199

30,291

70,234

61

70

318

481

66

0

370

0

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

1,038

836

297

81

-325

-214

145

1,127

1,665

-28

-126

1,221

4,363

0

0

0

-

-

-

-

Payments of taxes from share-based compensation, net

2,508

-

-

-

3,086

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

324

-

0

0

0

-

-

-

-

Proceeds from failed sale-leaseback transactions, net

-

-

-

-

-

-

-

-

-

0

0

0

5,942

18,246

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,541

0

43

5,399

Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised

-

-

-

-

-

817

2,676

19,440

13,679

5,811

21

4,377

230

3,181

3,025

1,738

-1,101

-372

384

2,806

3,206

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

310

1,986

1,221

1,578

2,429

2,438

1,133

2,303

1,069

1,815

404

1,741

2,013

1,573

593

1,627

2,025

1,451

581

1,281

1,448

1,557

5,975

-1,303

-1,167

13,885

-1,273

-2,091

-2,435

-3,304

-18,704

3,871

4,160

Contributions from noncontrolling interests

53

483

401

201

264

466

251

1,162

158

146

246

142

339

182

17

213

326

193

3,275

55

112

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of limited partnership and noncontrolling interests

57

0

0

41

0

493

176

-1

1,444

359

1,330

866

3,158

28,698

1,795

4,155

4,828

238

0

652

0

0

0

0

17,211

0

0

0

0

-

-

-

-

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,974

-

2,459

11,583

10,639

-1

885

0

0

Payments for partner equity plan

5,701

2,747

4,266

3,202

5,460

5,489

4,812

5,214

4,432

5,023

3,901

1,495

6,367

3,754

4,967

5,043

4,975

6,671

8,653

21,231

6,000

7,322

3,694

6,521

7,388

5,860

4,949

8,293

4,184

4,528

5,563

6,064

9,242

Cash dividends paid on common stock

17,480

8,693

8,674

9,227

9,140

8,234

8,344

8,363

8,371

7,311

7,369

8,054

8,254

7,398

7,765

7,978

8,238

7,185

7,333

7,391

7,423

0

0

0

0

-

-

-

-

-

-

-

-

Payments for Repurchase of Redeemable Preferred Stock

1,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

342,333

-82,915

-43,029

-32,036

-31,379

-87,392

-18,657

-29,221

-29,082

-97,299

-12,956

-28,895

-154,355

-212,169

-161,338

-169,837

-114,634

-106,775

4,892

-53,354

-85,764

-99,863

3,808

-18,722

-33,954

-44,122

-7,305

-14,474

-21,226

-129,767

-101,465

-48,583

-306,404

Effect of exchange rate changes on cash and cash equivalents

424

-444

-1,030

-616

459

715

-1,697

-3,218

54

-997

970

-738

1,740

-2,295

4,397

1,894

-1,041

-909

-6,324

-1,144

-816

-7,198

-2,433

3,956

-1,385

4,409

4,937

-2,464

-2,701

2,795

2,846

-1,314

1,463

Net decrease in cash, cash equivalents and restricted cash

336,250

15,737

-15,432

-15,926

10,943

-6,792

-7,600

-19,625

-23,703

27,111

-1,042

4,286

-36,998

43,909

-32,834

-26,760

-3,503

-12,496

2,818

-2,876

-30,096

21,073

-11,172

-16,761

-37,267

26,213

-38,783

4,972

-44,221

93,415

-111,679

-55,105

-147,025

Supplemental disclosures of cash flow information:
Cash paid for interest

10,682

12,038

10,592

11,626

13,637

10,305

10,888

11,087

9,401

12,578

10,504

9,059

8,334

8,919

9,695

9,981

13,050

14,563

13,678

12,378

13,352

13,872

12,579

15,127

15,663

16,981

17,078

17,363

19,975

19,087

19,206

26,503

13,420

Cash paid for income taxes, net of refunds

5,408

3,970

8,716

7,054

4,255

6,143

3,021

4,979

1,696

5,258

5,439

17,789

4,906

36,990

36,746

11,536

3,551

13,169

7,500

5,286

5,597

13,023

13,252

19,319

10,622

15,812

8,964

6,680

2,217

3,870

4,490

10,924

4,992

Supplemental disclosures of non-cash investing and financing activities:
Leased assets obtained in exchange for new operating lease liabilities

21,514

24,854

9,422

16,061

17,618

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new finance lease liabilities

473

8

6

118

76

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of noncontrolling interest included in accrued and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,414

-2,249

2,249

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in liabilities from the acquisition of property, fixtures and equipment

-1,950

-5,554

8,149

572

-6,066

-2,376

3,645

6,415

-4,985

-11,122

8,939

1,575

-4,139

-7,564

1,453

8,052

7,669

3,379

3,032

-2,546

-469

-12,843

1,316

9,007

851

-10,137

7,497

4,491

1,199

-1,561

7,990

-1,846

3,423

Deferred tax effect of purchase of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

266

0

322

6,197

0

0

0

0

-

-

-

-

Conversion of partner deposits and accrued partner obligations to notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

824

296

430

325

735

1,767

1,286

2,646