Cracker barrel old country store, inc. (CBRL)
CashFlow / Quarterly
Jan'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09
Cash flows from operating activities:
Net income

61,168

43,223

65,025

50,414

60,755

47,207

61,354

48,747

91,139

46,380

53,893

46,924

52,727

48,355

51,023

49,169

48,242

40,865

47,399

35,317

47,163

34,024

39,185

28,728

37,055

27,160

34,303

24,602

35,168

23,192

34,696

18,974

25,609

23,802

17,543

15,154

28,777

23,734

27,413

14,428

25,393

18,024

Loss from unconsolidated subsidiary

-3,584

-5,980

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

29,599

28,678

29,038

27,443

26,218

24,838

25,395

23,953

22,713

21,631

22,691

21,798

21,296

20,534

20,742

19,698

19,096

18,687

19,027

18,422

17,995

17,511

17,788

17,300

16,824

16,477

17,120

16,643

16,398

15,959

16,725

16,403

15,886

15,453

16,251

16,083

15,427

15,027

15,395

15,130

16,381

14,118

Loss on disposition of property and equipment

-2,265

-1,740

-2,743

-1,762

-2,704

-3,056

-2,362

-1,728

-1,825

-1,204

-1,825

-1,288

-1,365

-1,107

-3,334

-1,145

-1,242

-1,425

-1,459

-1,418

-1,825

-2,170

-2,004

-1,070

-1,212

-877

-1,733

-859

-810

-655

-870

-574

-756

-502

-644

3,755

-2,485

792

-7,640

910

1,088

945

Impairment

0

664

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

2,122

1,798

2,509

1,539

2,044

2,089

914

1,742

2,286

2,035

2,111

2,336

2,586

1,425

4,309

3,938

3,003

1,952

5,415

4,465

3,595

2,735

1,792

1,886

1,426

2,820

6,843

5,587

3,540

1,869

4,990

3,484

3,399

2,547

2,461

2,416

2,457

2,462

3,105

4,263

2,912

2,913

Represents noncash lease expense incurred during the period.

15,515

15,330

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

1,433

0

141

1,062

563

115

28

1,920

1,481

925

336

1,963

636

8

36

568

371

672

15

1,274

2,581

1,766

72

83

1,770

44

3,132

-838

9,904

-3,613

-904

-324

Changes in assets and liabilities:
Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-255

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,078

Inventories

-31,367

33,534

2,376

1,180

-30,167

25,316

-738

-2,592

-31,898

35,114

835

-347

-31,342

34,913

6,426

-5,077

-35,271

33,172

16,653

-4,415

-36,921

12,315

18,048

-695

-25,223

26,609

12,556

-5,436

-37,908

34,208

12,263

3,828

-33,492

19,121

9,552

1,471

8,156

-21,711

-10,314

404

31,829

-15,264

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,790

Other current assets

-5,870

10,875

-8,010

2,824

-4,357

6,691

838

-5,797

7,230

-871

19,845

-3,736

1,513

-13,278

-10,424

7,823

-1,489

3,960

-5,396

8,007

6,410

-7,362

-2,217

-3,075

2,940

4,053

-2,849

-2,671

767

5,786

2,462

-258

2,807

-286

243

-11,067

13,470

-1,843

-

-

-

-

Accounts payable

-22,627

11,848

16,904

-2,568

-13,271

8,824

17,630

-1,800

-23,625

11,732

19,933

-1,926

-18,626

-13,479

44,482

-3,463

-21,794

-19,849

43,790

6,425

-9,499

-6,076

26,506

-10,231

-11,492

-16,943

37,905

-12,377

-13,738

-2,424

13,615

-5,936

-7,875

1,788

17,425

-6,170

-13,203

-14,591

37,980

6,632

-22,173

1,611

Other current liabilities

24,609

-18,000

-3,330

-13,819

17,008

3,633

1,148

-11,923

12,823

-10,169

-543

11,907

-8,080

1,186

8,136

21,458

-25,565

-7,734

-5,627

23,583

-7,198

-6,724

16,911

9,332

-22,468

-5,735

23,178

-19,281

14,154

-11,423

-16,048

19,396

-2,047

1,350

-17

4,693

3,049

-15,588

-2,132

9,249

-8,440

866

Other long-term assets and liabilities

14,303

2,017

-

-956

-1,254

-1,987

-

-1,634

21,601

293

-

20

-788

1,493

-

-2,883

-790

649

-

-8,304

-2,478

-5

-

-1,142

-1,972

2,657

-

-2,251

-1,150

188

-

-5,692

-2,049

6,280

-

-812

-7,632

2,619

-

5,465

105

2,998

Accrued interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-635

Net cash provided by operating activities

139,169

44,835

110,210

61,723

131,236

59,627

109,645

72,470

110,228

38,277

117,695

53,570

114,564

34,938

122,020

63,745

89,968

-4,355

117,375

63,614

116,337

36,729

76,428

38,292

72,136

-9,231

101,800

25,719

94,608

-13,628

77,937

27,926

93,715

20,244

49,034

31,873

67,242

-9,937

75,351

50,491

62,857

23,407

Cash flows from investing activities:
Purchase of property and equipment

30,470

27,901

34,431

33,576

33,216

37,070

50,264

38,257

33,115

30,613

29,342

28,055

26,784

26,410

44,028

33,022

19,915

17,057

30,616

22,451

19,351

18,437

28,451

23,880

21,629

17,686

28,239

16,429

16,355

13,394

23,488

18,599

20,057

18,778

18,552

18,843

22,390

18,177

29,914

12,668

12,646

14,904

Proceeds from insurance recoveries of property and equipment

9

73

150

146

133

324

316

25

189

86

95

128

186

74

172

315

134

41

181

43

123

18

224

11

283

564

16

20

336

84

84

552

50

66

150

34

68

24

17

48

143

33

Proceeds from sale of property and equipment

31

1,534

17

43

11

80

18

53

230

110

90

1

147

265

206

167

427

45

313

246

310

1,007

177

304

1,124

144

5

217

327

6

132

14

370

107

73

7,859

69

196

36

129

50

50

Notes receivable from unconsolidated subsidiary

17,000

16,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

0

32,971

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-47,430

-75,265

-138,449

-33,387

-33,072

-36,666

-49,930

-38,179

-32,696

-30,417

-29,157

-27,926

-26,451

-26,071

-43,650

-32,540

-19,354

-16,971

-30,122

-22,162

-18,918

-17,412

-28,050

-23,565

-20,222

-16,978

-28,218

-16,192

-15,692

-13,304

-23,272

-18,033

-19,637

-18,605

-18,329

-10,950

-22,253

-17,957

-29,861

-12,491

-12,453

-14,821

Proceeds from issuance of long-term debt

86,000

129,000

0

0

0

400,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

92,600

575,000

1,300

24,500

86,200

10,000

69,500

112,100

158,000

Taxes withheld from issuance of share-based compensation awards

0

1,994

-

-

41

2,016

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

The net cash outflow or inflow related to taxes withheld on vested share-based compensation awards and proceeds received from stock option exercises.

-

-

-

-

-

-

456

0

-23

3,383

865

0

-107

6,138

498

-62

100

5,243

1,384

-988

-299

4,719

27

-16

232

8,214

-1,259

-2,573

-4,944

2,322

-34,331

14,592

1,314

823

433

-236

10,036

10,307

1,895

31,001

3,849

715

Principal payments under long-term debt

111,000

44,000

0

0

0

400,000

0

0

0

0

-

-

-

-

-

-

-

-

0

0

400,000

6,250

0

0

0

1

66

125,029

29

29

25,029

28

46

92,630

600,030

3,045

26,245

87,943

29,885

71,327

153,503

159,857

Purchases and retirement of common stock

5,812

14,188

0

0

0

0

0

0

0

14,772

0

0

0

0

0

0

0

14,653

0

0

0

0

0

0

0

12,473

0

3,570

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

0

0

0

0

0

3,022

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends on common stock

31,296

32,063

102,185

30,152

30,190

30,948

118,897

28,805

28,940

30,513

111,798

27,649

27,771

29,649

104,161

26,333

26,439

98,613

23,949

23,920

24,009

23,821

17,865

17,865

17,907

17,847

11,885

11,864

11,919

9,732

5,804

5,746

5,804

5,018

5,046

5,102

5,151

4,547

4,725

4,547

4,646

4,627

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

1,433

0

141

1,062

563

115

28

1,920

1,481

925

336

1,963

636

8

36

568

371

672

15

1,274

2,581

1,766

72

83

1,770

44

1,456

838

222

3,613

904

324

Net cash used in financing activities

-62,108

36,755

-102,462

-30,315

-30,231

-35,986

-119,353

-28,805

-28,917

-48,668

-111,230

-27,649

-27,523

-34,725

-104,096

-26,156

-26,511

-116,589

-23,852

-22,007

-20,661

-32,827

-17,256

-17,841

-18,103

-37,967

-10,321

-137,218

-11,633

-6,165

-30,023

-1,958

-4,464

-4,142

-40,917

-21,686

-6,401

4,855

-77,181

28,240

-52,003

-5,445

Net increase in cash and cash equivalents

29,631

6,325

-130,701

-1,979

67,933

-13,025

-59,638

5,486

48,615

-40,808

-22,692

-2,005

60,590

-25,858

-25,726

5,049

44,103

-137,915

63,401

19,445

76,758

-13,510

31,122

-3,114

33,811

-64,176

63,261

-127,691

67,283

-33,097

24,642

7,935

69,614

-2,503

-10,212

-763

38,588

-23,039

-31,691

66,240

-1,599

3,141

Supplemental disclosures of cash flow information:
Interest, net of amounts capitalized

4,390

4,174

219

7,664

1,647

2,570

7,059

3,433

3,440

3,340

2,967

3,298

3,422

3,160

3,154

3,267

3,189

3,142

3,674

2,597

5,171

3,914

3,906

3,841

3,974

4,135

289

19,150

10,302

218

20,764

10,677

10,664

8,252

13,046

11,060

11,129

11,066

34,058

3,554

3,496

4,212

Interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,111

7,799

6,831

Income taxes

5,110

167

25,321

10,928

19,982

219

10,531

10,051

22,695

194

23,891

25,400

28,017

784

26,184

21,022

35,372

2,290

23,574

19,110

26,960

304

17,769

11,951

29,633

7,091

11,891

10,391

18,610

6,658

7,004

5,352

6,115

297

4,522

6,087

15,176

6,463

3,096

822

16,130

625

Supplemental schedule of non-cash investing and financing activities:
Capital expenditures accrued in accounts payable

-1,622

4,866

4,528

-2,568

-2,527

10,075

1,892

3,554

-3,619

6,356

2,898

1,286

-693

3,252

2,541

850

-983

3,971

1,958

1,296

-223

2,769

782

1,763

645

2,577

2,960

1,963

146

1,783

-

-

-

-

-

-

-

-

-

-

-

-

The amount of gain (loss) related to the increase (decrease) in the fair value of the company's interest rate swaps designated as cash flow hedging instruments during the period.

-2,690

-545

-8,837

-2,957

-5,371

1,699

324

4,330

5,394

3,055

-325

-1,773

11,394

6,106

-4,680

-1,578

-5,048

-4,882

2,789

-8,035

6,112

775

6,419

-1,984

-1,505

128

6,127

4,982

7,010

5,501

4,321

6,348

2,292

4,262

-293

4,316

12,820

-2,166

-4,539

2,509

433

-3,452

The change in the deferred tax asset related to the unrealized gain (loss) related to the increase (decrease) in the fair value of the company's interest rate swaps designated as cash flow hedging instruments during the period.

641

107

2,205

737

1,332

-406

-90

-1,076

-1,855

-1,168

124

678

-4,358

-2,335

1,790

603

1,931

1,849

-191

-3,098

2,357

299

117

-766

-580

50

15,785

-1,921

-2,703

-2,087

-1,651

2,192

120

-312

6,925

-1,987

-3,427

2,349

-720

-738

-386

2,866