CASEY’S GENERAL STORES, INC. CASY Cash Flow

Casey’s general stores, inc. (CASY)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'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
Cash flows from operating activities:
Net income
33,959	81,981	85,815	25,212	41,835	66,615	70,224	19,262	192,965	48,918	56,758	30,078	22,835	57,180	67,392	47,044	38,099	79,033	61,806	41,343	39,319	49,869	50,097	20,942	8,849	41,319	55,710	16,461	15,463	32,859	39,031	23,069	16,699	37,632	39,391	22,770	12,875	21,692	37,286	21,935	17,242	33,592	44,193
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
63,285	62,888	59,808	62,867	61,324	61,356	58,840	57,402	57,042	54,157	52,369	51,947	51,152	48,675	45,855	45,909	43,822	41,807	39,399	42,156	40,431	37,275	36,249	35,556	32,687	32,416	30,501	29,910	28,229	27,148	26,536	25,609	24,616	23,432	22,895	21,982	20,769	20,041	19,563	18,700	18,368	18,527	17,951
Other amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	110	-	62	90	108	-	61	69	93	36	43	41	75	4	-46	4	385	640	73	-17	292	10	-9	-36	238
Share-based compensation
4,472	2,380	7,542	5,299	1,788	-949	10,272	2,422	2,678	3,893	9,807	3,341	2,408	2,477	2,471	1,620	2,420	1,636	1,737	1,015	3,625	1,035	1,632	1,599	1,581	1,376	1,044	1,105	1,105	1,024	1,036	1,135	1,136	1,044	477	761	248	247	810	495	456	576	504
Loss on disposal of assets and impairment charges
-858	-730	-527	-225	-29	-785	-345	-271	-919	-951	-140	-1,488	-516	-596	302	-523	-505	-68	259	-1,786	-452	110	-242	34	-817	-1,147	-916	-516	-885	-1,803	-1,584	-227	-353	-462	-386	319	-128	1	-112	-1,112	-99	747	8
Deferred income taxes
-7,971	-14,431	-17,052	-6,412	-4,711	-25,009	-9,205	-17,374	137,095	-5,979	-15,564	-17,790	-7,561	-7,999	-11,840	-13,941	-44,742	1,574	1,617	-17,080	-23,180	-414	-4,037	-6,971	1,084	-8,080	-3,122	-2,730	-8,872	-15,489	-4,737	-9,692	-18,757	-16,506	-9,634	-100,582	24,070	16,707	-1,056	-35,478	3,382	6,281	7,644
Excess tax benefits related to stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,140	-	1,868	567	579	176	130	1,045	440	247	168	33	1,481	598	172	124	268	54	104	336	154	91	5	347	-78
Changes in assets and liabilities:
Receivables
1,608	5,221	1,698	-3,043	-5,976	389	1,441	3,538	-991	-2,046	1,300	8,702	1,612	837	4,392	3,761	-7,985	-1,729	11,045	392	-8,817	703	4,490	774	-489	-362	5,018	1,110	-1,494	30	-446	4,229	-2,281	-2,585	2,183	3,951	874	2,296	922	450	1,996	-2,379	1,156
Inventories
-8,295	-2,386	474	21,396	-8,671	-5,288	22,211	-14,464	13,835	14,791	24,244	-8,461	1,207	2,223	631	15,134	-14,690	-11,052	17,998	28,863	-31,634	-18,956	11,362	13,780	-9,077	-6,986	15,979	4,135	4,852	-517	7,752	8,773	2,074	-4,443	2,243	23,131	6,761	-1,666	-1,699	11,180	15,549	-1,740	-9,103
Prepaid expenses
647	814	5,476	-2,259	1,829	-1,017	3,174	-1,431	430	-1,484	-928	4,453	-234	-572	2,524	-661	806	-1,760	2,598	-881	232	-74	1,270	-614	-103	-634	1,433	-557	-79	-605	1,339	-548	-161	-432	1,259	-398	-161	-516	1,126	-379	673	319	-700
Accounts payable
-43,957	-13,187	3,610	79,397	-68,976	-7,558	9,588	28,092	-13,410	20,079	-20,010	61,087	-17,516	-20,215	16,976	36,204	-35,594	-1,001	3,402	47,457	-55,390	-30,317	4,960	48,995	-28,474	-22,258	19,631	35,668	-17,968	-4,731	8,779	25,981	-18,001	-42,623	30,133	56,423	-14,980	10,167	18,731	13,509	-9,792	15,863	10,318
Accrued expenses
21,443	-5,007	-3,699	8,155	26,102	-15,611	12,281	267	6,793	623	8,284	-4,320	20,321	-14,117	12,896	-3,849	9,857	2,288	6,687	2,375	-20,452	-7,097	10,969	5,153	15,761	-7,101	20,005	3,814	10,548	-12,186	13,607	-5,858	12,063	-13,995	15,189	-10,888	7,336	2,333	6,735	6,295	3,234	-3,661	-12,435
Income taxes
271	5,579	-15,054	14,140	-1,525	-26,259	-8,901	18,186	32,471	-1,705	-18,899	10,820	8,644	-1,023	-12,215	459	26,407	-6,944	-26,986	18,787	12,988	1,808	-25,782	1,469	14,329	14,850	-30,207	-6,287	7,811	10,418	-21,911	-3,341	20,482	3,669	-50,318	7,088	25,780	21,162	-22,764	6,769	-4,798	-13,086	14,764
Other, net
5,502	2,336	-696	4,475	7,689	7,604	2,759	-4,560	9,734	620	56	2,651	105	2,395	447	-480	172	69	107	20	122	76	18	-100	31	59	126	-197	18	-19	639	-501	-37	86	-4	-348	372	1,055	-1,037	-575	236	-81	16
Net cash provided by operating activities
88,298	132,652	178,757	152,858	73,467	154,218	150,071	123,821	54,413	124,424	117,139	143,246	75,943	78,735	161,349	122,869	99,241	144,913	105,363	108,785	56,468	67,035	116,357	103,474	25,377	47,076	138,233	91,789	35,901	52,107	106,531	70,649	35,328	26,043	162,859	79,031	16,789	61,926	103,697	49,970	34,891	54,731	74,476
Cash flows from investing activities:
Purchase of property and equipment
121,734	140,775	101,398	83,534	112,756	100,919	97,490	151,023	177,601	157,249	91,548	107,783	122,007	121,306	82,296	80,251	102,640	109,807	100,141	68,590	96,462	106,893	88,789	66,085	79,666	90,426	72,456	64,175	81,005	88,345	71,776	56,271	70,341	66,748	47,514	59,220	67,465	48,536	39,352	27,727	30,543	40,192	30,771
Payments for acquisition of businesses, net of cash acquired
6,453	1,323	4,868	47,179	18,431	1,749	841	10,968	3,411	19,459	3,322	11,908	7,969	2,742	2,854	3,011	4,252	0	0	4,084	2,785	3,514	30,774	5,001	2,041	22,873	1,669	-	-	-	-	1,718	0	6,611	31,115	12,527	73,686	27,059	295	17,401	23,775	3,876	636
Proceeds from sales of property and equipment
873	1,241	1,699	910	1,004	1,276	1,879	1,389	1,560	690	1,607	1,224	1,190	794	932	1,588	1,005	1,253	1,288	590	375	1,226	557	1,109	1,485	285	449	1,123	1,374	540	507	902	869	103	322	1,382	465	493	287	697	432	469	171
Net cash used in investing activities
-127,314	-140,857	-104,567	-129,803	-130,183	-101,392	-96,452	-160,602	-179,452	-176,018	-93,263	-118,467	-128,786	-123,254	-84,218	-81,674	-105,887	-108,554	-98,853	-72,084	-98,872	-109,181	-119,006	-69,977	-80,222	-113,014	-73,676	-67,381	-101,522	-91,112	-71,269	-57,087	-69,472	-73,256	-78,307	-70,365	-140,686	-75,102	-39,360	-44,431	-53,886	-43,599	-31,236
Cash flows from financing activities:
Proceeds from long-term debt
-	-	-	-	-	-	-	0	0	250,000	150,000	0	0	50,000	50,000	0	0	0	0	-	-	-	-	0	50,000	0	150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
647	7,777	905	8,161	96	7,651	92	7,591	389	7,605	103	7,602	100	7,599	98	7,602	100	7,599	98	97	95	138	223	7,721	219	7,717	208	5,195	194	5,186	182	180	464	344	384	336	4,250	50,627	13,959	2,672	1,765	361	14,433
Net repayments of short-term debt
-49,000	25,000	25,000	25,000	-29,200	27,411	12,189	37,800	0	0	900	900	0	0	0	-	-	-	-	-	-	-	-	0	0	0	-59,100	-	-	-	-	0	0	0	-600	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
85	46	2,261	1,122	789	231	148	576	503	103	195	382	256	121	1,598	122	1,506	284	1,805	930	1,964	4,258	4,313	456	154	1,858	900	512	564	169	3,476	1,322	286	325	1,316	268	345	2,132	988	155	23	536	525
Payments of cash dividends
11,773	11,772	10,633	10,622	10,615	10,601	9,592	9,757	9,788	9,923	9,312	9,351	9,419	9,411	8,577	8,598	8,607	8,596	7,726	7,777	7,746	7,738	6,914	6,927	6,328	6,927	6,913	5,722	6,323	6,320	6,320	5,721	5,712	5,709	5,707	5,126	5,123	5,121	5,097	4,328	4,328	4,327	4,325
Repurchase of common stock
0	0	0	0	0	0	37,479	70,579	11,491	54,735	77,878	47,893	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of cash dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,140	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings on employee share-based awards
86	49	6,476	1,267	1,080	349	3,252	500	270	162	3,494	219	146	109	6,339	105	970	333	3,567	325	1,868	567	579	176	130	1,045	440	247	168	33	1,481	598	172	124	268	54	104	336	154	91	5	191	78
Net cash used in financing activities
38,579	-44,552	-40,753	6,072	38,998	-45,781	-62,456	-48,251	-21,435	177,678	58,508	-63,783	-9,409	33,002	36,584	-18,983	-5,371	-17,384	-8,446	-31,797	14,491	-3,051	-2,245	-14,016	43,737	-11,741	85,119	-9,658	52,815	-11,304	-1,545	-3,981	-5,718	-5,604	-5,107	-13,540	76	3,344	-17,914	-6,754	-6,065	-3,961	-18,155
Net decrease in cash and cash equivalents
-437	-52,757	33,437	29,127	-17,718	7,045	-8,837	-85,032	-146,474	126,084	82,384	-39,004	-62,252	-11,517	113,715	22,212	-12,017	18,975	-1,936	4,904	-27,913	-45,197	-4,894	19,481	-11,108	-77,679	149,676	14,750	-12,806	-50,309	33,717	9,581	-39,862	-52,817	79,445	-4,874	-123,821	-9,832	46,423	-1,215	-25,060	7,171	25,085
Interest, net of amount capitalized
6,639	20,160	6,837	22,952	9,098	19,051	5,205	20,476	6,853	16,755	4,673	16,838	4,365	16,280	3,785	17,276	2,919	16,735	3,471	16,846	3,582	17,289	3,665	16,954	2,580	17,271	118	17,589	-30	17,568	99	17,562	-23	17,738	126	17,757	11,484	3,603	1,847	3,746	1,855	3,777	2,299
Income taxes, net
800	16,401	-6,401	10,544	5,500	-27,874	397	0	2,860	20,951	463	6,100	13,823	23,245	9,793	9,187	1,131	38,982	10,749	22,015	12,101	30,357	-106	1,071	19,280	29,140	540	-307	6,292	15,544	-3,556	-1,173	11,052	8,183	-36,035	-1,219	9,960	17,089	283	10,243	11,392	27,012	178
Noncash investing and financing activities:
Purchased property and equipment in accounts payable
-7,254	-6,880	23,947	13,444	-1,417	-935	4,524	-1,686	1,137	4,811	7,752	863	-2,960	1,316	11,664	-1,637	-3,821	3,874	13,203	4,416	4,644	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
-	-	-	-	0	0	22,635	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased in accounts payable
-	-	-	-	-	-	-	1,657	0	-911	1,486	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-