Boot barn holdings, inc. (BOOT)
CashFlow / TTM
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

47,949

50,917

45,128

41,982

39,022

37,180

-

38,299

34,863

28,879

-

24,612

14,969

14,350

14,197

12,621

12,043

8,221

9,868

11,466

10,301

14,588

13,730

0

0

0

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

21,200

20,459

19,403

18,832

18,300

17,606

-

17,070

16,487

16,000

-

15,486

15,143

14,788

14,555

14,498

13,765

12,990

11,480

9,804

8,507

7,223

6,615

0

0

0

Stock-based compensation

4,908

3,992

3,602

3,226

2,873

2,605

-

2,411

2,285

2,248

-

2,613

2,770

2,842

3,023

2,998

3,005

2,984

2,881

2,732

2,510

2,259

2,048

0

0

0

Excess tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,621

0

0

0

-

-

-

-

Amortization of intangible assets

200

200

272

432

600

701

-

829

938

1,100

-

1,439

1,726

1,956

2,155

2,299

2,418

2,468

2,536

0

0

0

-

-

-

-

Amortization of right-of-use assets

31,091

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization of debt issuance fees and debt discount

946

1,027

1,108

1,211

1,235

1,237

-

1,236

1,215

1,199

-

1,197

1,175

1,153

1,145

1,126

1,128

2,486

2,274

0

0

0

-

-

-

-

Amortization of deferred loan fees and debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss on disposal of property and equipment

-417

0

0

0

-

-

-

-

-

-252

-

-277

-302

-322

-367

-389

-355

-511

-463

-258

-282

-83

-134

0

0

0

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

186

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Store impairment charge

200

0

200

287

500

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of above market leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-36

0

0

0

-

-

-

-

-

-

-

-

Accretion of above market leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Deferred taxes

2,599

1,323

1,730

2,731

4,172

5,042

-

3,838

1,690

1,860

-

1,850

5,664

6,880

6,175

5,297

2,722

686

981

-262

-580

1,175

1,402

0

0

0

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

-5,721

-106

1,785

1,043

3,706

1,691

-

914

1,296

35

-

-333

-1,039

684

223

821

80

-1,334

-1,524

-572

859

909

1,672

0

0

0

Inventories

45,622

48,062

69,599

49,773

27,702

18,583

-

19,219

12,441

24,598

-

26,976

20,460

13,118

12,761

5,925

12,508

11,874

16,087

21,316

27,869

26,150

26,610

0

0

0

Prepaid expenses and other current assets

2,351

-520

-3,865

-4,557

-4,179

2,243

-

6,123

3,230

3,281

-

5,325

3,160

3,900

3,805

-742

-4,216

-3,221

-7,543

-6,214

-4,901

-3,385

1,667

0

0

0

Other assets

548

544

593

514

254

253

-

180

165

167

-

1,328

1,140

1,051

-5

13

-25

1,438

2,713

1,746

2,140

788

362

0

0

0

Accounts payable

-13,810

-1,507

25,727

21,173

14,191

5,140

-

13,838

16,516

13,062

-

27,671

14,913

1,394

10,501

7,295

11,899

-5,298

6,835

24,770

4,183

6,852

7,364

0

0

0

Accrued expenses and other current liabilities

6,310

17,401

9,822

10,346

6,882

10,971

-

4,817

3,345

3,977

-

1,171

-286

3,070

-483

762

-345

1,993

5,068

7,943

7,277

3,254

3,298

0

0

0

Other liabilities

-3,611

1,512

2,348

2,550

2,704

1,953

-

1,139

904

1,238

-

1,838

2,211

5,342

5,172

4,289

5,799

3,834

4,469

5,021

4,121

3,233

1,782

0

0

0

Operating leases

30,070

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

25,317

48,452

41,812

56,205

63,260

63,167

-

62,220

64,021

44,200

-

45,630

33,765

34,486

41,151

0

0

0

-

-

-

-

-

-

-

-

Cash flows from investing activities
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,591

13,651

17,415

11,508

0

0

0

Purchases of property and equipment

37,195

33,249

27,993

27,283

27,525

27,568

-

28,146

26,224

24,418

-

23,271

23,091

22,830

22,293

23,731

26,913

33,763

36,127

34,606

29,172

19,356

14,074

0

0

0

Acquisition of business, net of cash acquired

-

-

-

-

4,424

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-40,166

-36,040

-31,497

-27,099

-31,765

-31,820

-

-31,705

-29,783

-23,553

-

-23,879

-24,396

-24,135

-23,598

0

0

0

-

-

-

-

-

-

-

-

Cash flows from financing activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-181,147

-175,713

-19,356

-14,074

0

0

0

Borrowings/(payments) on line of credit - net

129,900

45,000

58,880

49,264

-21,006

0

-

-31,000

-32,082

-12,268

-

-23,020

137

2,629

-15,541

-6,987

-12,035

33,090

32,615

-2,036

17,162

-15,494

-12,424

0

0

0

Proceeds from loan borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104,938

0

0

0

Repayments on debt and finance lease obligations

65,553

65,628

65,606

65,578

10,554

10,502

-

10,484

10,466

10,448

-

10,918

11,382

11,880

2,378

2,389

2,468

78,025

77,899

124,764

206,350

130,534

130,326

0

0

0

Debt issuance fees paid

1,221

0

0

0

-

-

-

-

-

520

-

0

0

0

-

-

-

-

6,487

7,072

7,166

1,118

1,361

0

0

0

Tax withholding payments for net share settlement

532

554

577

590

474

425

-

416

353

125

-

117

132

122

69

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,621

0

0

0

-

-

-

-

Proceeds from the exercise of stock options

5,204

4,823

2,034

4,366

8,137

0

-

0

0

-

-

-

-

-

1,275

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by/(used in) financing activities

67,798

-17,580

-6,502

-13,741

-23,897

141

-

-30,543

-34,169

-19,666

-

-33,834

-10,998

-8,885

-16,713

0

0

0

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

52,949

-5,168

3,813

15,365

7,598

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,300

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash (used in)/provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

148,798

168,139

13,746

2,896

0

0

0

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-7,081

-

14,242

6,077

11,805

330

0

0

0

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

13,391

8,391

5,052

610

649

541

-

522

546

614

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,571

-

7,851

8,972

7,298

8,297

0

0

0

Cash paid for interest

11,958

13,129

13,872

14,548

14,947

14,841

-

14,568

14,128

13,743

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,932

-

10,393

10,525

9,861

11,167

0

0

0

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

6,066

3,358

4,435

2,197

1,877

1,244

-

-23

1,788

1,315

-

2,248

1,032

3,254

2,421

998

5,653

2,454

1,992

3,088

986

1,947

1,374

0

0

0