Chefs’ warehouse, inc. (CHEF)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

8,974

24,193

22,187

21,919

20,992

20,402

21,003

19,697

16,552

14,366

14,025

12,517

388

3,023

536

4,416

16,235

16,209

14,753

13,738

14,193

14,215

13,852

13,805

15,332

16,990

15,758

15,412

14,525

14,511

16,118

11,117

9,311

7,698

0

0

0

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, Depletion and Amortization

15,209

13,328

12,601

11,851

10,861

10,296

9,428

8,789

8,710

8,516

8,438

8,372

7,998

7,082

6,707

6,303

6,279

5,960

5,102

4,160

3,203

3,113

2,826

2,796

2,650

2,521

2,553

1,964

2,136

2,074

1,677

2,042

1,726

1,442

0

0

0

Amortization of Intangible Assets

13,084

12,663

12,446

12,111

11,884

11,910

12,270

12,285

12,116

12,033

11,441

11,597

11,470

11,433

11,403

10,431

10,891

9,453

7,479

6,782

5,007

5,130

5,664

5,432

5,188

4,796

0

0

0

-

-

-

-

-

-

-

-

Provision for allowance for doubtful accounts

22,561

4,981

4,256

4,058

4,144

3,790

4,031

3,960

3,891

4,061

3,391

3,419

2,857

3,224

3,565

3,195

3,281

2,909

2,454

1,993

1,727

1,195

1,240

1,018

862

924

1,148

1,464

1,432

1,434

988

993

1,104

1,189

0

0

0

Non-cash operating lease expense

1,750

2,043

2,106

1,450

995

770

485

561

642

285

3,162

3,186

2,392

1,568

-15

-260

-34

850

-420

-180

157

105

1

-130

-249

-331

-360

-414

-513

-302

-174

53

284

290

0

0

0

Original issue discount amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,127

0

0

0

Deferred taxes

-968

2,063

3,996

3,701

3,345

2,554

-1,897

-1,106

-1,526

-703

3,577

2,789

2,995

2,991

2,120

1,036

1,072

-809

-516

572

380

173

-329

-822

-1,474

970

-217

-163

1,241

-83

734

1,291

1,141

1,164

0

0

0

Unrealized gain on interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

81

0

0

0

Unrealized gain on forward contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accrual of paid in kind interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,825

0

0

0

Amortization of deferred financing fees

2,408

2,168

3,064

3,097

3,128

3,155

2,167

2,122

2,090

2,084

2,172

2,196

1,992

1,807

1,529

1,338

1,302

1,228

1,144

1,011

944

876

882

872

720

647

544

497

516

446

383

363

474

721

0

0

0

Stock compensation

4,335

4,399

4,006

4,188

4,172

4,094

3,633

3,313

3,111

3,018

3,054

2,824

2,763

2,579

2,579

2,488

3,775

3,539

3,211

3,076

1,343

1,374

1,350

1,339

1,276

1,210

1,104

1,776

1,578

1,547

0

0

0

-

-

-

-

Change in fair value of contingent earn-out liabilities

-1,040

5,879

4,753

4,015

1,431

1,448

1,375

-399

-479

-579

-8,358

-8,168

-9,662

-10,031

-1,350

-1,505

173

558

-1,598

-1,592

-1,736

-1,581

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property

-109

-101

-203

-179

-203

-169

0

0

0

-

-

-

-

69

-88

-57

-57

295

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-6

0

0

0

Changes in assets and liabilities, net of acquisitions:
Accounts receivable

-6,150

13,213

16,233

11,869

12,185

19,466

12,153

10,862

12,526

13,611

12,890

8,640

6,946

2,503

3,134

4,302

4,472

11,055

12,144

17,542

20,306

21,332

16,229

12,593

9,076

5,883

7,785

8,149

5,517

7,739

2,363

2,417

3,514

7,033

0

0

0

Inventories

7,615

9,439

9,582

4,113

6,407

6,330

-3,612

13,287

7,602

11,783

18,331

3,375

-1,985

-7,038

-5,711

-474

8,732

6,109

10,978

13,247

6,612

10,809

4,356

2,569

2,293

-395

3,944

2,896

3,141

5,130

4,786

3,966

2,375

3,969

0

0

0

Prepaid expenses and other current assets

10,461

1,813

4,895

2,044

2,846

-120

-2,946

-1,982

-3,468

-4,762

-10,112

-8,935

3,492

7,168

14,861

12,555

577

-1,314

-1,485

-49

2,340

-6,074

3,922

1,951

-798

9,207

-1,168

706

1,654

2,060

2,112

1,759

493

-245

0

0

0

Accounts payable, accrued liabilities and accrued compensation

7,474

3,775

-2,671

2,503

2,991

13,677

-2,861

4,195

7,163

10,406

27,913

27,521

5,751

-941

5,803

781

10,340

15,351

14,564

11,548

7,882

10,744

-2,460

-10,922

-2,094

-1,212

-766

8,454

2,625

1,350

5,573

-536

2,499

6,513

0

0

0

Other assets and liabilities

2,369

6,121

1,116

2,992

775

1,507

6,477

2,686

1,992

1,368

-3,125

-2,095

-2,099

-2,314

-1,572

-850

-586

-471

1,837

4,117

4,394

1,830

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

890

871

860

1,115

959

1,061

1,337

905

960

1,236

1,027

1,095

798

453

592

496

549

576

398

374

-87

-611

59

74

0

0

0

Net cash provided by operating activities

59,601

45,007

35,121

48,054

41,933

45,082

41,800

28,739

33,914

31,497

40,909

57,289

38,122

38,914

42,190

34,516

39,435

37,727

25,914

13,266

6,541

9,797

-3,482

-7,137

7,643

10,638

13,814

21,702

17,075

8,391

19,576

15,808

18,358

16,720

0

0

0

Cash flows from investing activities:
Capital expenditures

15,045

16,077

22,712

22,821

21,039

19,817

11,858

11,486

11,450

12,311

14,951

14,959

17,226

16,623

13,941

14,534

15,764

21,656

27,678

29,076

27,442

24,206

21,819

18,689

16,141

11,704

6,113

4,519

3,854

3,186

3,339

3,226

2,404

2,081

0

0

0

Cash paid for acquisitions, net of cash received

63,537

28,077

30,079

30,294

39,514

13,901

12,272

41,994

32,472

30,095

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

77,995

0

0

0

-

-

-

-

-

-

-

-

Proceeds from asset disposals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,187

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-78,582

-44,154

-52,791

-53,115

-60,523

-33,688

-24,100

-53,450

-43,922

-42,406

-44,123

-34,151

-36,418

-35,815

-33,683

199

-124,924

-129,300

-135,239

-150,963

-25,393

-23,673

-45,000

-42,613

-72,251

-89,699

-59,719

-111,520

-98,260

-75,707

-85,464

-31,620

-20,156

-19,833

0

0

0

Cash flows from financing activities:
Payment of debt, finance lease and other financing obligations

2,544

1,894

1,794

48,828

48,218

49,360

50,548

4,634

12,818

12,830

13,866

38,850

158,174

158,880

173,197

148,919

23,906

23,893

9,194

9,098

7,180

7,054

6,830

5,110

4,986

5,271

3,696

4,642

29,147

30,131

31,613

119,566

94,961

93,285

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,578

6,208

7,587

6,362

5,430

0

0

0

-

-

-

-

-

-

-

-

Payments of Financing Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,202

1,230

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

1,129

1,541

635

558

412

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Surrender of shares to pay withholding taxes

1,118

1,022

1,074

1,061

1,034

764

736

752

732

500

472

464

512

569

584

647

1,167

1,092

1,065

1,086

480

491

485

480

439

269

0

0

0

-

-

-

-

-

-

-

-

Cash paid for contingent earn-out liability

-2,912

-2,412

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-1,420

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under asset-based loan facility

0

-

-

-

0

-

-

-

-

-

-

-

-

33,200

50,882

82,882

198,482

209,982

0

0

0

-

-

-

46,400

70,800

89,100

144,700

373,301

248,258

911,947

743,112

380,940

399,877

0

0

0

Repayments of Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

126,582

144,882

195,782

111,082

116,600

0

0

0

-

-

-

-

145,800

165,500

152,305

102,874

190,640

287,153

371,296

412,156

394,714

0

0

0

Net cash provided by (used in) financing activities

195,289

96,947

-10,701

-10,275

-9,158

-10,442

28,198

27,339

19,209

19,429

-19,012

-34,290

31,380

27,235

16,156

11,145

86,396

91,046

105,962

125,565

-5,123

-2,698

-1,100

62,035

89,302

98,727

98,261

89,581

80,375

65,401

66,538

16,829

2,987

3,168

0

0

0

Effect of foreign currency on cash and cash equivalents

-108

23

-7

37

-9

-46

-112

-39

67

122

106

-95

-23

74

43

20

-122

-347

-309

-207

-193

-112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

176,200

97,823

-28,378

-15,299

-27,757

906

45,786

2,589

9,268

8,642

-22,120

-11,247

33,061

30,408

24,706

45,880

785

-874

-3,672

-12,339

-24,168

-16,686

-49,459

12,400

24,893

19,896

52,422

-126

-810

-1,915

650

1,017

1,189

55

0

0

0

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

11,108

12,004

11,539

12,291

11,268

7,826

3,843

2,641

0

0

0

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

5,043

3,610

3,451

2,781

2,737

3,896

6,116

7,355

0

0

0

Software financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-