Boot barn holdings, inc. (BOOT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14
Cash flows from operating activities
Net income

5,729

24,819

7,680

9,721

8,697

19,030

-

4,534

6,761

6,855

-

20,149

1,098

777

2,588

10,506

479

624

1,012

9,928

-3,343

2,271

2,610

8,763

944

1,413

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

5,816

5,627

4,987

4,770

5,075

4,571

-

4,416

4,238

4,381

-

4,035

3,833

3,751

3,867

3,692

3,478

3,518

3,810

2,959

2,703

2,008

2,134

1,662

1,419

1,400

Stock-based compensation

1,582

1,181

1,180

965

666

791

-

804

612

398

-

597

678

575

763

754

750

756

738

761

729

653

589

539

478

442

Excess tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

127

1,463

2,111

-

-

-

-

Amortization of intangible assets

100

28

40

32

100

100

-

200

200

201

-

228

309

362

540

515

539

561

684

634

589

629

-

-

-

-

Amortization of right-of-use assets

8,192

7,784

7,691

7,424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

649

655

658

Amortization of debt issuance fees and debt discount

221

222

222

281

302

303

-

325

305

304

-

302

304

289

302

280

282

281

283

282

1,640

69

-

-

-

-

Amortization of deferred loan fees and debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

194

Loss on disposal of property and equipment

-28

-377

0

-12

-

-

-

-

-

-179

-

-12

-47

-14

-204

-37

-67

-59

-226

-3

-223

-11

-21

-27

-24

-62

Gain on adjustment of right-of-use assets and lease liabilities

0

-7

0

193

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Store impairment charge

200

0

0

0

0

200

-

87

213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of above market leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-9

-10

-14

-

-

-

-

-

-

-

-

Accretion of above market leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

-

-36

-42

-48

Deferred taxes

3,335

99

212

-1,047

2,059

506

-

1,213

394

2,929

-

-698

-935

564

2,919

3,116

281

-141

2,041

541

-1,755

154

798

223

0

381

Changes in operating assets and liabilities, net of acquisition:
Accounts receivable, net

-5,431

1,575

-253

-1,612

184

3,466

-

-995

1,051

-1,831

-

2,689

-613

-210

-2,199

1,983

1,110

-671

-1,601

1,242

-304

-861

-649

2,673

-254

-98

Inventories

13,365

-26,385

45,481

13,161

15,805

-4,848

-

25,655

-8,910

6,686

-

-4,212

18,877

3,247

9,064

-10,728

11,535

2,890

2,228

-4,145

10,901

7,103

7,457

2,408

9,182

7,563

Prepaid expenses and other current assets

466

-2,354

3,372

867

-2,405

-5,699

-

2,680

1,245

4,017

-

-1,819

-213

1,296

6,061

-3,984

527

1,201

1,514

-7,458

1,522

-3,121

2,843

-6,145

3,038

1,931

Other assets

-11

190

95

274

-15

239

-

16

14

-16

-

166

1

16

1,145

-22

-88

-1,040

1,163

-60

1,375

235

196

334

23

-191

Accounts payable

-30,873

-7,536

31,085

-6,486

-18,570

19,698

-

26,531

-13,468

-27,621

-

28,396

29,209

-16,922

-13,012

15,638

15,690

-7,815

-16,218

20,242

-1,507

4,318

1,717

-345

1,162

4,830

Accrued expenses and other current liabilities

-25,619

28,915

295

2,719

-14,528

21,336

-

819

-745

-10,439

-

15,182

-653

-113

-13,245

13,725

2,703

-3,666

-12,000

12,618

5,041

-591

-9,125

11,952

1,018

-547

Other liabilities

-4,007

94

53

249

1,116

930

-

255

403

365

-

116

20

737

965

489

3,151

567

82

1,999

1,186

1,202

634

1,099

298

-249

Operating leases

7,746

7,679

7,339

7,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-51,484

80,939

-2,589

-1,549

-28,349

74,299

-

11,804

5,506

-28,442

-

73,352

13,605

-14,315

-27,012

61,487

14,326

-7,650

-

-

-

-

-

-

-

-

Cash flows from investing activities
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60,050

-9,620

5,238

-9,077

27,110

-5,856

-669

Purchases of property and equipment

9,645

12,075

8,653

6,822

5,699

6,819

-

7,943

7,064

5,742

-

7,397

6,021

5,258

4,595

7,217

5,760

4,721

6,033

10,399

12,610

7,085

4,512

4,965

2,794

1,803

Acquisition of business, net of cash acquired

-

-

-

-

0

0

-

0

4,424

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-9,645

-11,358

-12,341

-6,822

-5,519

-6,815

-

-7,943

-11,488

-5,574

-

-6,700

-6,021

-5,258

-5,900

-7,217

-5,760

-4,721

-

-

-

-

-

-

-

-

Cash flows from financing activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,399

-159,151

-7,085

-4,512

-4,965

-2,794

-1,803

Borrowings/(payments) on line of credit - net

84,900

-40,000

4,999

80,001

0

-26,120

-

-4,617

9,731

21,006

-

-57,120

-5,699

29,545

10,254

-33,963

-3,207

11,375

18,808

-39,011

41,918

10,900

-15,843

-19,813

9,262

13,970

Proceeds from loan borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,188

0

0

30,750

Repayments on debt and finance lease obligations

97

156

153

65,147

172

134

-

125

10,123

120

-

116

107

10,105

590

580

605

603

601

659

76,162

477

47,466

82,245

346

269

Debt issuance fees paid

0

-12

30

1,203

-

-

-

-

-

0

-

0

1

519

-

-

-

-

0

0

6,048

439

585

94

0

682

Tax withholding payments for net share settlement

49

0

61

422

71

23

-

74

306

22

-

14

11

78

14

29

1

25

-

-

-

-

-

-

-

-

Excess tax benefit from stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

127

1,463

2,111

-

-

-

-

Proceeds from the exercise of stock options

492

2,790

655

1,267

111

1

-

2,987

5,038

-

-

-

-

-

95

441

471

268

-

-

-

-

-

-

-

-

Net cash provided by/(used in) financing activities

85,246

-37,354

5,410

14,496

-132

-26,276

-

-1,829

4,340

23,906

-

-56,960

-5,455

18,843

9,738

-34,124

-3,342

11,015

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

24,117

32,227

-9,520

6,125

-34,000

41,208

-

2,032

-1,642

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-730

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

41,300

Proceeds from the issuance of common stock related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,224

-

-

-

-

Net cash (used in)/provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-39,269

163,309

13,319

11,439

-19,928

8,916

2,469

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,224

-1,356

-

10,382

-5,462

11,472

-2,150

2,217

266

-3

Supplemental disclosures of cash flow information:
Cash paid for income taxes

5,252

3,435

4,503

201

252

96

-

61

240

144

-

77

85

308

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

207

783

399

-

74

2,703

124

4,950

1,195

1,029

1,123

Cash paid for interest

2,486

2,978

3,124

3,370

3,657

3,721

-

3,800

3,769

3,551

-

3,448

3,360

3,384

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,306

-

3,087

3,250

707

3,349

3,219

2,586

2,013

Supplemental disclosure of non-cash activities:
Unpaid purchases of property and equipment

3,407

-884

664

2,879

699

193

-

-1,574

2,559

66

-

-1,074

237

2,086

999

-2,290

2,459

1,253

-424

2,365

-740

791

672

263

221

218