Burlington stores, inc. (BURL)
CashFlow / TTM
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13
OPERATING ACTIVITIES
Net income

465,116

443,142

423,533

409,922

414,745

471,097

439,126

415,072

384,852

269,710

257,235

230,727

215,873

189,085

171,795

162,301

150,482

146,574

97,246

79,876

65,955

34,674

52,031

33,487

16,150

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization

210,720

212,314

213,354

218,016

217,884

214,757

211,823

203,600

201,103

194,503

190,140

186,053

183,586

181,642

178,356

175,489

172,099

170,326

169,724

168,527

167,580

166,226

164,713

165,411

168,195

0

0

0

Impairment charges - long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

2,450

4,317

4,317

4,505

6,111

3,629

3,634

4,275

2,579

3,651

3,889

3,148

3,180

0

0

0

Amortization of deferred financing costs

1,247

1,279

1,308

1,427

1,596

1,828

2,129

2,332

2,463

2,524

2,516

2,597

2,679

2,764

2,842

2,846

2,868

2,910

3,125

4,562

6,057

7,625

9,373

9,760

9,574

0

0

0

Accretion of long term debt instruments

-813

-813

-777

-756

-754

-783

-887

-977

-1,048

-1,088

-1,088

-1,015

-942

-870

-797

-797

-809

-830

-889

-1,219

-1,579

-1,974

-2,532

-2,774

-2,998

0

0

0

Interest Rate Cap Contracts-Adjustment to Market

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision for Losses on Accounts Receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred income taxes

9,070

-622

-732

3,791

2,519

-41,445

-39,658

-33,606

-30,727

3,565

12,049

2,214

-2,919

33,801

9,046

9,511

5,909

-23,177

-24,407

-26,977

-30,940

-35,907

-19,695

-20,695

-17,973

0

0

0

Non-cash loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-649

55,089

29,923

29,923

28,051

0

0

0

-

-

-

-

Loss on Disposition of Fixed Assets and Leasehold Improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Non-cash stock compensation expense

43,928

39,812

39,710

37,889

35,485

33,594

31,296

28,974

27,034

23,974

21,064

17,753

15,953

14,558

13,279

12,325

11,161

9,885

8,370

7,016

6,264

6,617

7,670

11,060

10,203

0

0

0

Non-cash lease expense

12,599

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash rent

-

-

-

-

25,568

24,426

23,685

24,143

24,689

23,798

25,865

27,328

27,910

0

0

0

-

-

-

19,510

19,463

31,737

14,851

19,883

11,059

0

0

0

Cash received from landlord allowances

56,280

53,237

59,793

54,347

50,843

48,889

53,036

52,519

48,834

47,885

32,806

34,760

32,212

41,189

34,531

32,961

41,786

35,226

41,547

40,990

38,418

0

0

0

-

-

0

0

Excess tax benefit from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,528

19,824

18,207

15,461

0

0

0

-

-

-

0

Insurance recoveries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Changes in assets and liabilities:
Accounts receivable

8,816

9,667

12,775

6,311

-3,482

8,381

15,369

20,052

19,983

15,712

9,566

510

3,489

4,978

5,673

10,009

-1,263

-3,921

-1,552

193

8,616

11,020

1,059

1,527

-1,573

0

0

0

Merchandise inventories

-176,430

-51,703

-19,632

109,760

201,621

152,932

116,940

61,022

50,671

81,206

-17,691

-78,568

-81,048

-110,965

-57,076

-17,619

-5,180

34,133

90,832

114,688

68,658

-2,546

-36,797

-19,592

39,862

0

0

0

Prepaid and other current assets

13,598

1,350

1,816

1,930

7,461

53,520

41,528

49,201

42,855

-5,749

21,594

10,096

13,267

30,975

-20,718

-16,654

6,454

-54,910

-4,811

3,314

-27,546

26,098

18,014

1,758

8,961

0

0

0

Accounts payable

-90,899

-84,288

-72,832

-17,028

111,023

203,261

157,630

116,718

97,003

78,520

59,334

12,071

41,543

-17,898

-45,537

-36,550

-23,483

-62,323

25,967

55,878

78,695

58,111

8,938

-54,748

42,581

0

0

0

Other current liabilities

25,202

26,875

24,928

34,326

13,700

49,392

24,026

-4,406

2,509

19,663

29,755

70,627

74,819

15,774

16,052

15,704

-10,642

41,031

20,470

28,715

18,958

20,556

-3,809

22,691

51,096

0

0

0

Other long term assets and long term liabilities

-3,176

-3,100

-2,688

-11,122

-8,780

-6,352

-6,917

1,912

2,109

-2,109

-2,170

-4,787

-5,715

-4,786

-5,778

-6,232

-3,850

-4,521

-1,218

-903

-2,552

-4,707

-4,760

-3,234

-3,477

0

0

0

Other operating activities

-3,858

-5,033

3,482

3,708

4,825

6,015

6,309

8,018

8,430

7,289

6,294

1,669

2,876

2,848

1,860

4,060

1,957

1,913

1,904

1,708

1,239

0

0

0

-

-

-

-

Net cash provided by operating activities

891,725

741,173

702,769

633,634

639,653

761,107

701,380

638,876

607,250

539,192

578,446

611,053

615,916

533,923

449,755

394,707

339,402

317,530

250,050

236,959

302,335

294,574

283,068

237,166

289,351

0

0

0

INVESTING ACTIVITIES
Cash paid for property and equipment

328,357

332,970

337,286

319,171

295,772

298,204

282,360

275,663

268,194

242,355

219,358

209,995

187,507

185,710

195,801

189,124

201,787

210,175

208,346

218,083

220,980

210,545

194,837

184,488

168,267

0

0

0

Net (removal costs) proceeds from sale of property and equipment and assets held for sale

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-174

-174

-753

-516

-767

-773

0

0

0

Other investing activities

-611

6,673

6,222

31

3,000

-2,171

-2,087

3,132

-9

-754

-765

75

132

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) investing activities

-324,598

-329,266

-337,307

-324,419

-298,508

-299,066

-280,692

-267,377

-262,208

-231,244

-211,305

-202,782

-180,351

-182,764

-188,679

-182,094

-194,732

-201,649

-203,872

-213,609

-216,506

23,667

-191,621

-181,021

-164,794

0

0

0

FINANCING ACTIVITIES
Proceeds from long term debtHoldco Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Principal payments on long term debtHoldco Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

128,223

0

0

0

-

-

-

-

Proceeds from sale of interest rate cap contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Purchase of treasury shares

323,080

297,928

304,812

288,939

228,874

221,828

242,766

309,495

289,777

285,508

290,454

202,890

202,371

229,320

252,043

251,356

201,670

124,978

26,629

1,178

3,933

0

0

0

-

-

-

-

Payment of dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

336,000

0

0

0

Repayment of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Proceeds from stock option exercises

34,222

30,848

20,058

14,629

16,306

15,936

14,889

11,074

9,173

8,261

7,725

5,154

4,484

4,093

3,115

2,124

2,100

2,855

3,077

2,675

2,514

1,581

1,208

3,205

2,527

0

0

0

Excess tax benefit from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,528

19,824

18,207

15,461

0

0

0

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,126

0

0

0

Other financing activities

-2,769

2,449

2,738

1,357

-275

-5,003

-5,110

-4,609

-5,975

-5,665

-5,678

-6,600

-6,149

-5,740

-5,995

-4,742

-3,466

0

0

0

-

-

-

-

-

-

-

-

Net cash (used in) financing activities

-291,627

-372,070

-357,840

-287,192

-368,075

-430,662

-369,669

-323,997

-293,353

-292,667

-364,962

-406,783

-374,883

-347,207

-257,838

-219,261

-149,104

-116,471

-48,238

-58,092

-193,464

-320,361

-95,563

-89,327

-34,909

0

0

0

Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents

275,500

39,837

7,622

22,023

-26,930

31,379

51,019

47,502

51,689

15,281

2,179

1,488

60,682

3,952

3,238

-6,648

-4,434

-590

-2,060

-34,742

-107,635

-2,120

-4,116

-33,182

89,648

0

0

0

Supplemental disclosure of cash flow information:
Interest paid

47,071

47,445

50,254

50,478

52,173

54,422

54,047

52,430

49,092

47,188

44,236

48,532

51,590

54,500

57,133

57,449

57,376

59,697

80,541

74,417

100,047

98,769

113,008

115,251

111,533

0

0

0

Income tax payments - net

110,588

103,840

92,690

76,486

75,650

62,208

66,521

109,552

109,581

115,156

114,984

64,083

68,962

92,960

81,279

71,428

84,676

55,957

55,209

57,669

74,363

73,410

74,314

36,812

2,769

0

0

0

Accrued purchases of property and equipment

62,814

57,388

51,853

58,570

47,258

50,033

41,132

48,652

31,279

32,541

26,091

23,821

24,120

16,806

20,688

23,762

18,017

22,269

25,460

19,686

21,878

26,621

24,825

25,940

21,604

0

0

0

Acquisition of finance leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

887

0

0

0

ABL senior secured revolving facility
Proceeds from long term debt

1,294,400

1,424,500

1,579,600

1,569,700

1,220,200

1,181,300

1,228,700

1,186,000

1,215,500

0

0

0

-

-

-

-

-

-

-

0

-

828,300

742,800

766,800

806,800

0

0

0

Principal payments on long term debt

1,294,400

1,529,500

1,653,000

1,431,500

1,220,200

1,241,500

1,205,800

1,197,400

1,215,500

0

0

0

-

-

-

-

-

-

-

0

-

661,100

757,800

766,800

806,800

0

0

0

Senior Secured Term B-5 Loans
Principal payments on long term debt

-

-

-

-

152,793

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-