Town sports international holdings inc (CLUB)
CashFlow / TTM
Dec'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 loss including non-controlling interests

-19,281

-13,723

-5,611

-3,453

-125

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-9,110

12,033

8,043

95,298

78,798

26,997

21,158

-129,526

-108,387

-78,238

-68,989

-5,996

-2,538

4,578

12,324

12,566

13,127

12,347

11,966

15,669

14,459

8,632

6,315

0

0

0

Adjustments to reconcile net loss including non-controlling interests to net cash provided by operating activities:
Depreciation and amortization

38,199

38,602

38,334

37,899

37,442

38,606

39,292

39,668

40,849

40,829

41,970

42,851

43,727

44,942

46,117

47,398

47,887

48,060

47,508

47,183

47,307

47,280

48,191

48,749

49,099

49,072

48,671

48,679

49,391

50,134

50,628

51,394

51,536

0

0

0

Impairment of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,571

14,627

2,207

2,083

4,569

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

137

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount

1,014

1,005

995

986

976

966

957

948

939

931

922

936

1,006

1,092

1,192

1,269

1,288

1,298

1,300

1,301

1,304

1,257

1,167

1,080

996

923

803

659

517

0

0

0

-

-

-

-

Amortization of debt issuance costs

-

0

0

542

-

598

600

601

601

603

603

612

644

683

727

764

778

772

436

551

627

778

1,192

1,152

1,153

1,087

1,105

1,120

1,135

1,153

1,149

1,133

1,127

0

0

0

Amortization of building financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124

126

94

63

31

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Noncash rental expense (income)

-454

566

2,657

2,604

3,324

4,104

4,298

4,482

4,250

3,357

2,946

3,263

3,617

3,979

4,324

4,004

3,647

3,180

5,817

5,375

5,399

6,320

4,127

4,841

5,692

5,372

4,466

4,674

4,037

3,596

3,958

3,402

3,663

0

0

0

Share-based compensation expense

3,559

3,385

3,083

2,822

2,616

2,435

2,262

2,111

1,861

1,742

1,774

1,835

1,807

1,730

1,528

1,197

1,386

1,535

1,752

2,089

1,911

2,175

2,213

2,207

2,204

2,111

1,859

1,633

1,306

1,274

1,324

1,393

1,412

0

0

0

Net change in deferred taxes

0

276

140

204

166

-142

-6

-70

-32

0

0

0

-

-

-

-

11,519

-52,177

-34,209

-43,228

-40,129

25,594

6,311

204

-6,120

-6,976

-7,788

-6,746

-5,865

-15,328

-15,448

-13,448

-11,553

0

0

0

Net change in certain operating assets and liabilities

2,793

-26,226

-25,319

-25,542

-25,626

2,353

1,263

1,275

1,049

-186

-315

-359

-84

14

62

32

-416

-537

-342

-343

-137

263

63

410

613

372

830

-241

149

-140

-86

75

-4

0

0

0

Net change in certain operating assets and liabilities

-

0

0

-10,664

-

15,888

11,999

12,203

24,450

-6,086

10,502

413

-1,500

-4,308

-11,448

5,418

-9,185

-2,139

3,811

-288

20,994

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in deferred membership costs

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in certain operating assets and liabilities, net of acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,267

1,974

4,828

8,967

13,394

1,246

4,864

-9,181

0

0

0

Decrease (increase) in deferred membership costs

-

-

-

-

-

-

-

-

-

-

-768

-1,351

-1,937

-3,079

-4,957

-4,435

-4,367

-3,352

-1,269

-1,653

-1,329

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred membership costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

Landlord contributions to tenant improvements

51

51

15

515

800

800

800

1,427

2,115

2,115

2,115

2,918

2,080

3,072

3,072

1,290

1,288

678

1,330

1,707

1,684

0

0

0

-

-

-

-

1,345

1,320

1,557

1,225

711

0

0

0

Increase (decrease) in insurance reserves

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in insurance reserves

-

-

-

-

-

-

-

-

-

-

282

806

1,130

1,618

1,751

3,150

1,087

411

352

-1,532

482

867

-26

-272

-929

-983

-1,397

-1,973

-2,071

-2,292

-2,027

-1,938

-1,679

0

0

0

Total adjustments

49,866

57,133

47,545

52,661

64,219

22,196

31,867

32,280

23,830

56,068

36,647

10,841

13,147

-75,648

-54,673

-11,512

3,712

154,583

113,222

94,075

73,747

25,025

49,830

55,441

55,064

53,800

56,225

53,069

48,087

49,924

60,372

57,249

68,570

0

0

0

Net cash provided by operating activities

30,585

43,410

41,934

49,208

64,094

40,974

41,311

40,713

28,199

39,188

27,537

22,874

21,190

19,650

24,125

15,485

24,870

25,057

4,835

15,837

4,758

19,029

47,292

60,019

67,388

66,366

69,352

65,416

60,053

65,593

74,831

65,881

74,885

0

0

0

Cash flows from investing activities:
Capital expenditures

16,183

15,268

14,918

14,161

11,887

9,809

7,972

8,776

10,206

14,911

16,575

18,939

19,723

20,037

23,630

27,901

30,471

36,931

42,659

41,252

42,054

39,399

34,748

33,465

30,861

29,870

27,704

24,723

22,490

22,544

26,275

27,920

30,907

0

0

0

Acquisition of businesses

21,667

33,934

45,679

52,944

31,277

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Productive Assets

-

0

0

0

-

16,589

16,589

16,589

12,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,100

1,100

1,100

1,100

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

-36

-156

-156

-135

158

217

571

550

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,939

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-37,850

-49,166

-60,441

-66,949

-47,018

-53,041

-50,218

-44,111

-41,531

-26,184

-17,209

-19,219

-20,003

-20,037

-23,630

-27,901

-31,571

-38,031

-48,759

-42,352

-42,054

-39,399

-29,054

-32,706

-30,606

-29,615

-28,143

-25,227

-22,490

-22,544

-26,275

-27,920

-30,907

0

0

0

Cash flows from financing activities:
Proceeds from building financing arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from building financing arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

500

83,900

83,900

83,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on 2013 Term Loan Facility

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on finance lease obligations

-

0

0

687

-

400

241

85

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on mortgage and term loan

191

189

177

151

103

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on 2011 Term Loan Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,007

0

0

0

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

350

-2,087

350

350

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

0

0

1

1

2

2

1

2

9

42

42

47

50

148

148

148

213

293

293

4,108

7,877

11,653

11,653

7,894

4,088

0

0

0

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

5

16

29

31

30

54

67

65

111

72

46

328

318

319

561

303

283

368

126

146

133

244

310

590

600

476

678

2,016

2,352

2,467

2,265

711

479

0

0

0

Tax benefit from restricted stock vesting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Repayment of 2007 Term Loan Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash (used in) provided by financing activities

-21,768

-21,720

-8,337

2,454

2,603

3,043

102

-2,105

-1,980

-2,052

-2,079

-31,567

-31,763

-39,489

-39,504

-10,501

-10,511

-16,604

65,052

61,469

57,503

70,599

-10,455

-5,603

-975

-10,985

-28,490

-28,166

-47,722

-40,097

-26,298

-41,006

-35,349

0

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-25

-13

30

13

61

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash, cash equivalents and restricted cash

-29,058

-27,489

-26,814

-15,274

19,740

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Summary of the change in certain operating assets and liabilities:
Decrease (increase) in accounts receivable

-61

610

450

724

834

1,437

1,757

1,553

984

242

-353

-546

-763

-1,264

-1,978

-2,493

-1,446

-1,012

0

70

-25

-5,945

-6,139

-5,008

-2,859

5,081

5,598

5,670

645

1,309

-1,226

-1,283

-591

0

0

0

Increase in inventory

-

-

-

-

-

-

-

-

-238

-153

37

-45

-99

-155

-58

79

-219

-107

-287

-251

101

106

156

142

36

202

135

0

148

-102

3

174

-74

0

0

0

Decrease in prepaid expenses and other current assets

-876

-340

2,015

1,551

-8,851

-335

-592

749

9,180

-335

-697

-3,954

-2,997

-2,951

-2,770

74

-596

834

-1,397

1,222

1,549

4,385

1,635

-808

1,278

526

1,366

293

432

-2,649

-1,021

-162

3,212

0

0

0

(Decrease) increase in accounts payable, accrued expenses and accrued interest

-25

2,354

4,144

4,451

7,330

998

1,863

2,810

143

3,306

825

-1,991

-2,298

-1,553

-9,047

-7,091

1,011

-192

3,405

5,478

-9,856

-5,700

-243

-6,569

3,089

-6,069

-8,474

-5,114

-3,094

1,081

976

6,905

-864

0

0

0

Change in prepaid corporate income taxes and corporate income taxes payable

-38

8,738

9,402

12,943

12,898

-12,482

-10,654

-11,779

-12,010

3,899

-8,126

2,415

5,471

9,209

23,830

7,507

4,774

-4,801

-17,685

-12,871

-12,773

-4,533

3,273

984

1,604

-290

304

93

-427

6,919

2,076

4,092

2,347

0

0

0

Decrease in deferred revenue

-3,667

-4,836

-5,285

-4,455

-2,619

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-5,382

-5,532

-7,718

-8,141

-8,174

1,139

6,847

8,785

8,722

3,260

-5,828

1,372

7,684

-5,340

-2,499

-691

-2,122

-4,221

3,952

-4,050

-7,404

-8,117

0

0

0

Net change in certain working capital components

2,793

-5,986

-5,796

-10,664

-25,626

15,888

11,999

12,203

24,450

-6,086

10,502

413

-1,500

-4,308

-11,448

5,418

-9,185

-2,139

3,811

-288

20,994

0

0

0

-

-

-

13,106

8,967

-13,394

-1,246

-4,864

9,181

0

0

0

Cash payments for interest, net of capitalized interest

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Cash payments for income taxes

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

12

214

27

-45

-80

-421

-148

-23

-87

-175

-306

-353

-239

102

117

33

87

-2

-67

37

127

34

203

448

0

0

0

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

10,964

8,463

-27,885

-30,621

-39,956

-39,430

-23,065

-17,235

-29,665

20,953

34,648

19,854

49,990

7,885

21,827

35,840

25,853

12,717

11,956

-10,122

3,079

22,292

-2,842

9,077

0

0

0

Cash payments for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0