CONNS INC CONN Cash Flow

Conns inc (CONN)

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
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
18,553	2,769	31,944	22,030	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from operating activities:
Net income (loss)
1,378	15,143	19,974	19,509	29,476	14,630	17,011	12,732	3,201	1,569	4,273	-2,580	-74	-3,815	-11,924	-9,749	1,061	-2,421	16,538	15,677	15,458	-3,064	17,650	28,469	27,735	24,376	19,162	22,176	17,665	11,785	11,606	11,556	7,701	-12,723	-3,102	4,401
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
9,670	9,489	8,830	8,852	8,322	7,828	7,774	7,660	7,668	7,782	7,725	7,631	7,637	7,436	7,137	6,636	6,306	5,821	5,802	4,777	-	-	-	-	4,429	3,373	3,185	2,490	7,114	2,181	2,194	2,402	3,509	3,756	2,720	2,884
Provision for bad debts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,208	51,646	47,543	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,152
Amortization of Right of Use Asset
-	6,825	7,024	6,739	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from retirement of leasehold improvement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Amortization of debt issuance costs
3,418	2,200	2,437	1,773	1,845	2,413	3,090	3,292	3,555	2,133	5,410	5,614	4,880	5,352	6,082	7,730	7,272	5,382	835	831	832	-8,368	5,618	5,037	200	903	763	1,474	-	1,417	1,590	739	-	-	1,894	897
Provision for bad debts and uncollectible interest
95,065	57,958	63,942	52,330	70,374	60,937	63,105	55,660	69,308	66,863	59,743	65,748	81,523	67,265	65,224	67,860	73,860	68,080	60,256	55,961	65,638	80,157	46,363	27,189	43,903	26,543	24,069	15,787	14,533	15,359	14,625	11,282	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
2,650	3,264	3,436	3,200	3,703	2,914	3,080	2,520	2,781	1,711	2,605	1,583	1,073	1,042	1,589	1,297	1,650	1,156	933	872	839	1,017	1,151	1,090	1,060	1,017	1,031	841	880	780	687	598	663	635	582	474
Charges, net of credits, for facility relocations
6,284	-2,462	15	-695	0	0	0	0	1,051	40	65	323	135	954	0	0	-	-	-	-	-	-	-	1,754	-	2,834	0	0	706	0	0	163	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	374	100	332	9	846	106	10,449	-9,291	7,140	-2,592	1,997	-166	-588	116	50	0	0	0
Restructuring Costs and Asset Impairment Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	212	0	425	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Income Tax Expense (Benefit)
4,308	2,705	-749	1,224	-4,377	-71	-1,034	-742	50,990	-120	-1,106	114	-4,532	4,009	-1,655	955	-3,730	-2,598	-5,695	-4,651	-1,859	-11,662	-8,597	-3,422	1,187	-1,369	-1,622	617	-2,593	-115	1,420	1,272	4,365	-7,493	3,443	426
Loss (gain) from current and deferred sale/disposal of property and equipment
-	-	-	-	-	-	-	-	107	-6,007	136	235	231	79	2	178	35	786	330	187	-134	368	-27	4	27	-75	44	-6	260	-3	-170	66	12	-77	13	-1
Tenant improvement allowances received from landlords
-6,229	-5,431	-9,447	-4,807	-7,289	-5,170	-2,232	-2,130	-2,010	-3,075	-104	-1,893	-600	-4,814	-11,888	-6,972	-8,956	-5,654	-5,821	-1,391	-9,160	-9,357	-3,960	-1,304	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	390	-26	-265	103	160	251	353	482
Payments for (Proceeds from) Tenant Allowance
-6,229	-5,431	-9,447	-4,807	-7,289	-5,170	-2,232	-2,130	-2,010	-3,075	-104	-1,893	-	-	-	-	-	-	-	-	-	-9,357	-3,960	-1,304	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Customer accounts receivable
104,922	66,246	87,477	8,352	124,550	75,864	78,696	21,635	103,547	73,091	60,506	-6,943	92,420	53,847	61,843	16,253	147,375	101,126	117,368	66,513	161,349	106,206	107,239	61,224	653,661	-378,752	173,036	-44,024	242,130	-37,019	-54,544	6,768	53,111	20,639	-10,914	-36,092
Other accounts receivables
2,208	-14,218	18,856	-1,500	5,007	-25,268	13,796	883	8,558	2,896	-2,241	-6,296	-3,320	-7,530	5,994	-11,745	14,161	2,680	10,891	-3,311	-1,535	11,123	-2,692	1,191	-	-	-	-	2,863	993	6,260	-3,095	8,085	-1,043	-2,152	3,180
Inventories
-27,859	34,102	411	-6,932	-7,129	31,436	5,415	-21,582	-23,585	38,711	25,769	6,143	-39,681	12,895	10,099	-20,426	-36,184	64,576	44,188	-29,679	-9,536	30,979	-239	17,333	104,893	-74,923	32,053	-15,177	25,755	-6,986	-13,974	6,350	-34,163	19,623	-8,042	2,768
Other assets
-1,011	2,176	-1,346	7,164	-4,523	932	-1,635	-15,724	16,438	-837	-2,232	2,105	1,175	-2,696	2,077	-864	2,208	752	139	-340	-	-	-	-	-	-	-2,238	-5,096	-	-	-	-	-	-	-	-
Increase (Decrease) in Prepaid Expense and Other Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38	258	1,127	-	-	-	-	-	-790	612	-500	-	-	-	-783
Accounts payable
-37,354	13,550	14,615	-13,852	-35,856	24,266	36	11,055	-39,406	11,246	-6,488	3,428	-13,908	3,511	20,113	8,718	-54,716	35,132	16,208	7,450	-12,613	-3,863	-22,117	35,219	-23,562	25,174	6,499	5,141	3,434	866	4,497	16,100	-14,769	9,097	-2,300	-5,057
Accrued expenses
-12,866	-1,455	3,781	-11,149	-2,347	-9,405	31,991	-9,081	3,729	7,579	11,206	2,586	-12,446	4,719	2,463	4,360	-1,056	180	6,381	-5,874	11,402	3,994	-5,607	-3,241	-11,058	8,786	1,850	4,542	4,538	3,090	-3,044	-2,953	872	5,627	-5,993	1,524
Increase (Decrease) in Operating Lease Liabilities
-11,113	-24,077	3,873	-4,499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
-3,186	-1,934	7,402	-12,212	13,480	4,337	-6,688	38,556	-30,741	534	797	-1,180	8,316	10,134	-6,046	-4,443	-11,956	1,526	-3,172	13,258	2,453	-6,689	-20,781	16,672	-6,254	6,822	-10,935	6,606	5,113	1,444	-4,292	5,651	-602	988	-7,847	5,849
Deferred revenues and other credits
539	-1,550	1,172	700	-4,108	-3,031	-3,974	-3,231	-458	-3,200	-2,619	848	-225	1,651	7,044	1,714	-6,139	-1,414	-414	-296	-3,975	326	2,513	-463	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenues and allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171	386	2,055	-	-138	-432	708	1,812	-848	-831	65	-	-	-	-1,966
Net cash provided by operating activities
-12,463	3,085	39,784	49,660	-30,293	26,442	20,313	135,339	-31,377	-8,642	-223	90,764	22,160	51,072	23,285	108,654	-106,975	-51,848	-69,797	56,351	-63,107	-74,118	-83,354	30,678	-100,563	-70,511	-32,675	-6,513	-38,049	-7,220	-14,601	37,067	-10,353	-10,906	34,746	51,030
Cash flows from investing activities:
Purchases of property and equipment
9,222	14,994	20,211	13,119	10,205	10,443	5,997	6,169	4,923	5,860	1,849	4,286	4,752	9,784	15,024	16,996	16,738	17,011	20,054	9,602	8,580	14,996	23,848	14,272	89,249	-56,432	26,538	-7,228	53,684	-10,114	-15,621	4,404	2,073	975	1,063	275
Proceeds from asset dispositions
-	-	-	-	-	-	-	-	-	-	-	-	10,120	0	-10	696	38	5,574	0	35	-119	123	19,275	4	0	-3	41	6	22,532	0	54	296	0	0	0	0
Net cash used in investing activities
-9,222	-14,270	-20,211	-13,119	-10,205	-10,443	-5,997	-6,169	-4,923	-5,860	-1,849	-4,286	5,368	-9,784	-15,034	-16,300	-16,700	-11,437	-20,054	-9,567	-8,699	-14,873	-4,573	-14,268	-15,005	-17,815	-12,041	-7,222	11,510	-10,114	-6,759	-4,108	-2,073	-975	-1,063	-275
Cash flows from financing activities:
Proceeds from issuance of asset-backed notes
485,960	0	0	381,790	0	358,300	0	0	572,220	0	0	469,814	0	574,310	0	493,540	0	1,118,000	0	0	-	-	-	-	-	-	-	-	0	0	0	103,025	-	-	-	-
Payments on asset-backed notes
154,018	117,262	138,948	95,214	120,201	137,791	249,299	232,584	185,459	231,269	350,368	232,931	296,576	198,447	248,180	289,639	215,401	184,349	0	0	-	-	-	-	65,026	-65,026	65,026	-32,513	123,601	-24,990	-27,444	0	-	-	-	-
Changes in restricted cash balances
-	-	-	-	-	-	-	-	-	-	-	-	-	70,494	-23,092	40,498	-	97,924	0	0	-	-	-	-	-9,434	9,434	-9,434	4,717	11,158	1,851	-18,334	10,042	-	-	-	0
Borrowings under revolving credit facility
378,245	469,029	455,028	323,138	570,489	427,097	446,078	393,158	459,960	412,111	579,006	265,935	195,345	123,974	234,985	170,393	329,207	56,835	157,205	63,041	129,849	141,473	162,837	53,146	144,929	125,358	93,971	87,335	91,383	51,768	61,016	33,729	38,932	38,512	121,723	25,216
Payments on revolving credit facility
649,674	334,229	291,528	589,638	387,039	605,247	332,428	322,608	734,960	260,111	379,006	443,435	17,845	423,474	13,350	421,735	0	620,743	67,050	117,400	52,200	52,200	318,400	71,350	326,775	-257,474	165,773	-56,036	476,338	-11,099	-336,677	160,182	27,780	27,594	56,996	78,238
Borrowings from warehouse facility
0	0	0	0	0	0	121,060	52,226	0	79,940	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on warehouse facility
0	2,074	22,610	28,951	30,774	36,650	22,321	29,905	56,874	23,066	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs and amendment fees
4,460	-76	50	3,442	37	3,842	3,006	533	5,702	577	-10	7,605	-59	3,686	800	5,289	3,905	31,871	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,629	73
Payment of promissory notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58	42	41
Proceeds from stock issued under employee benefit plans
153	238	194	403	182	221	567	267	307	1,106	1,649	256	444	206	233	385	619	346	1,346	342	694	368	121	486	6,505	-3,689	3,558	10,944	3,899	1,590	1,036	2,932	1,255	105	775	0
Tax payments associated with equity-based compensation transactions
207	228	327	1,454	411	415	628	1,888	612	272	298	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for Debt Extinguishment or Debt Prepayment Cost
0	0	0	0	1	0	883	294	-1	837	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from stock issued under employee benefit plans, including tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25
Excess Tax Benefit from Share-based Compensation, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	374	100	332	9	846	106	-	-	-	-	-	166	356	116	-	0	0	0
Other
-159	-176	-341	-300	-308	-229	-278	-253	-264	-136	-327	84	-192	-147	-238	-223	-221	-166	-115	-131	-406	1,080	-1,049	-332	-3,502	-184	377	-251	1,639	-2,878	-576	-2,072	-	-	-	-
Net Cash Provided by (Used in) Financing Activities
48,621	-10,678	-31,601	-13,668	31,900	1,444	-41,138	-142,414	48,617	-23,111	-149,334	52,118	-30,905	2,242	-4,258	-93,066	105,434	165,488	91,760	-54,048	78,269	90,730	87,755	-17,944	117,594	88,228	44,205	14,196	26,119	16,408	19,825	-32,494	12,181	10,111	-34,024	-53,111
Net change in cash, cash equivalents and restricted cash
26,936	-21,863	-12,028	22,873	-8,598	17,443	-26,822	-13,244	12,317	-37,613	-151,406	138,596	-3,377	43,530	3,993	-712	-18,241	102,203	1,909	-7,264	6,463	1,739	-172	-1,534	2,026	-98	-511	461	-420	-926	-1,535	465	-245	-1,770	-341	-2,356
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for new financing lease liabilities
-1,110	142	532	436	1,193	0	0	0	0	0	0	3,196	704	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment purchases not yet paid
1,159	-5,683	8,647	5,594	103	1,091	2,604	1,759	1,049	-1,775	2,064	732	-948	-4,671	0	6,476	2,084	-1,015	368	3,038	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental cash flow data:
Cash interest paid
16,995	11,937	12,954	8,605	16,714	8,349	16,667	8,838	19,152	10,744	16,013	17,804	18,165	14,671	19,955	18,448	19,992	11,362	10,581	7,257	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash income taxes paid (refunded), net
50	260	860	15,999	21	1,501	-56,976	35,007	205	315	2,034	529	-126	-17,440	1,755	61	15,501	3,063	17,988	342	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-