Capital senior living corp (CSU)
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
Operating Activities
Net loss

-36,030

-72,540

-62,898

-59,424

-53,596

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-43,875

-

-23,457

-13,509

-14,229

-14,284

-12,235

-20,865

-25,518

-24,126

-22,620

-26,824

-19,075

-16,504

-15,750

-6,724

-5,338

-3,119

-1,132

315

1,870

3,025

0

0

0

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

64,190

64,018

63,880

63,426

62,824

62,228

63,133

64,358

66,199

67,157

64,654

63,080

60,398

58,135

56,457

54,753

53,017

52,865

53,983

51,331

49,487

45,662

42,355

42,300

43,238

0

0

0

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Amortization of deferred financing charges

1,612

1,665

1,707

1,713

1,709

1,691

1,685

1,666

1,626

1,539

1,426

1,303

1,193

1,046

1,014

1,001

1,029

1,215

1,297

1,347

1,361

1,277

1,160

1,055

1,100

1,092

1,023

1,047

788

618

538

375

352

0

0

0

Amortization of deferred lease costs and lease intangibles, net

-

-

-

-

849

850

848

848

859

892

923

947

679

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of lease incentives

-

-

-

-

2,074

1,812

1,595

1,474

1,336

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred lease costs and lease intangibles, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,295

1,266

1,238

1,230

1,108

1,129

1,147

1,164

1,279

1,214

987

753

547

760

1,250

1,710

0

0

0

Amortization of lease incentives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income

-1,078

-111

838

1,371

1,391

1,210

1,239

1,359

1,397

1,328

960

595

414

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

638

586

616

1,542

837

684

1,666

-345

1,196

2,139

1,816

3,542

3,307

3,198

2,669

0

0

0

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,793

8,399

2,799

-3,486

-3,532

-4,211

-4,698

-3,382

-2,493

0

0

0

Operating lease expense adjustment

5,243

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease incentives

-

-

-

-

-

-

-

-

5,673

6,831

7,295

8,920

7,530

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on facility lease termination

-

-

-

-

-

-

-

-

12,858

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of deferred loan costs and prepayment premiums

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,766

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-down of assets held for sale

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) Loss on disposition of assets, net

-

-

-

-

28

13

5

5

-123

-138

-153

-159

-65

-75

6,359

6,300

6,225

7,042

623

674

784

1,431

1,445

1,457

1,454

12

-15

-20

-19

0

0

0

-

-

-

-

Equity in earnings of unconsolidated joint ventures, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

105

162

205

171

133

100

31

-77

-217

-382

-579

-709

-760

0

0

0

Provision for bad debts

3,765

2,918

3,149

3,336

2,990

2,647

2,227

1,764

1,748

1,868

1,893

1,683

1,727

1,533

1,457

1,415

1,192

1,073

889

743

717

684

648

715

497

529

628

580

749

714

535

468

287

0

0

0

Stock-based compensation expense

2,509

3,383

4,580

5,501

8,428

8,452

8,319

7,701

7,682

9,996

10,513

11,062

11,645

9,570

9,392

9,619

8,833

8,331

7,629

7,629

7,262

6,840

6,110

4,686

4,322

3,759

3,492

2,795

2,444

2,320

2,148

1,884

1,497

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

1,326

1,482

1,837

2,122

3,173

6,401

7,411

9,106

8,159

9,470

12,475

13,099

14,519

12,248

10,387

7,823

6,605

3,216

2,993

1,695

2,457

1,742

-21

-1,731

-980

945

1,505

4,108

1,452

316

636

367

1,036

0

0

0

Accounts receivable from affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-314

71

-196

-337

-526

-446

-218

45

295

312

9

-203

0

0

0

Property tax and insurance deposits

545

-32

114

774

1,213

461

25

879

279

297

393

-273

-267

-1,046

-774

-1,665

-2,200

-1,503

-1,593

-715

-1,162

1,840

1,892

1,296

406

-3,178

-2,601

99

-47

481

-265

542

-336

0

0

0

Prepaid expenses and other

1,013

2,586

857

-1,379

-1,100

669

2,235

856

-33

-2,504

-995

1,870

1,995

1,761

-32

-1,539

-2,427

1,196

956

565

192

-2,100

-1,301

1,906

1,847

1,816

-628

-3,356

-1,310

-221

2,741

2,058

1,172

0

0

0

Other assets

500

290

-198

-1,324

-1,350

-179

912

161

-4,061

-3,383

-3,718

-1,421

2,228

1,427

2,063

-18

1,289

1,243

-91

827

163

-2,112

-951

814

1,745

2,497

1,691

-2,883

-3,721

-1,054

-51

3,975

6,548

0

0

0

Accounts payable

-715

-4,594

-4,522

-1,343

1,294

5,031

-1,461

-3,621

2,750

1,672

6,853

5,596

1,695

1,615

-907

-2,716

815

-3,369

1,031

932

-1,267

1,507

-885

1,264

-3,166

382

-307

306

4,369

152

975

518

660

0

0

0

Accrued expenses

4,343

4,632

4,740

4,160

1,129

1,016

2,192

2,813

1,689

3,984

3,595

-1,730

4,798

-2,123

2,662

4,444

2,146

2,313

3,339

2,559

2,833

3,937

2,418

3,031

4,876

6,177

5,693

5,441

5,359

3,815

1,480

3,141

2,961

0

0

0

Other liabilities

-

-

-

-

-

-540

359

4,097

5,017

7,011

8,986

10,765

12,014

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Federal and state income taxes receivable/payable

-14

-4

-7

14

-23

-189

-189

-213

-165

-96

-78

-71

-107

-151

-215

237

108

-5,077

-5,091

-5,467

-5,342

4,836

4,507

476

1,222

3,544

2,361

-469

-1,537

-6,572

323

780

1,476

0

0

0

Deferred resident revenue

579

753

322

120

561

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-55

-34

-18

-13

-92

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred resident revenue

-

-

-

-

-

-

-

-

-

0

0

-645

-

918

621

-188

176

-418

198

1,664

1,932

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

0

0

-281

-

-380

247

279

320

344

-174

-182

10

88

89

148

-51

39

-10

41

10

-179

-137

236

231

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

54,672

-

52,994

55,884

51,850

48,895

43,702

49,391

49,748

46,312

49,427

43,400

46,445

42,644

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

5,229

9,247

22,513

31,283

36,870

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,114

21,704

18,498

14,084

0

0

0

Investing Activities
Capital expenditures

20,306

18,282

18,975

19,702

21,965

27,748

28,819

32,862

39,959

45,225

54,566

61,317

62,371

66,076

58,637

50,694

42,430

29,013

24,395

21,139

18,742

17,068

16,307

14,533

13,562

13,094

11,795

12,165

12,302

12,431

12,509

11,326

10,472

0

0

0

Cash paid for acquisitions

-

-

-

-

-

-

-

-

85,000

114,000

159,000

159,000

138,750

147,750

152,500

179,400

162,460

139,010

136,635

193,315

160,105

242,205

216,430

158,250

150,391

156,256

134,656

128,456

178,110

0

0

0

-

-

-

-

Proceeds from disposition of assets

-

-

-

-

57

25

10

10

19

0

0

0

-

-

-

-

43,463

44,252

36,599

36,464

796

0

0

0

-

-

-

-

19

0

0

0

-

-

-

-

Contributions to joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

243

571

548

470

801

0

0

0

Distributions from joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

102

202

257

197

197

97

48

48

21

21

15

1,393

1,442

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-220,233

-

-213,791

-203,481

-222,303

-161,427

-123,771

-124,431

-175,398

-175,417

-255,093

-228,484

-171,122

-162,296

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

47,778

-13,359

-14,034

-19,648

-21,908

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-118,557

-172,068

-134,385

-77,437

0

0

0

Financing Activities
Proceeds from notes payable

-

-

-

-

-

-

-

-

77,197

104,890

147,490

169,498

150,798

213,402

218,504

216,756

250,944

183,169

172,030

370,308

300,820

350,983

330,501

134,856

140,237

135,464

119,383

128,223

160,413

0

0

0

-

-

-

-

Repayments of notes payable

95,077

204,133

204,831

202,703

204,093

21,529

20,964

20,536

20,099

20,213

19,799

18,509

17,680

50,072

57,764

57,506

115,896

91,102

81,348

199,365

140,950

131,558

132,383

13,524

23,539

29,597

28,617

28,111

15,900

8,451

7,314

6,954

6,737

0

0

0

Cash payments for capital lease and financing obligations

-

-

-

-

-

-

-

-

-

2,442

1,892

1,693

1,314

1,270

1,128

1,094

978

1,038

1,013

987

971

0

0

0

-

-

-

0

-

258

92

117

137

0

0

0

Increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-137

-916

-917

-918

-1,687

-814

-815

-816

-50

-1,245

-1,246

-1,246

-2,222

-1,005

-1,074

-1,077

-103

-269

-204

-2,768

0

0

0

Cash proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

67

66

66

39

42

43

43

43

170

571

572

2,027

3,163

2,799

2,844

1,420

165

-353

-276

-334

505

0

0

0

Excess tax benefits on stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-1,710

-1,902

-919

-37

397

451

207

291

0

0

0

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

2,496

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payments for capital lease and financing obligations

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing charges paid

1,170

3,874

3,438

3,364

3,263

319

314

335

1,182

1,621

2,342

2,828

2,501

3,496

3,491

3,464

3,765

2,452

2,438

4,154

3,468

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing charges paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

146,369

-

155,944

152,680

151,188

129,410

86,940

86,509

165,122

154,703

214,717

192,704

118,555

114,526

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-60,264

2,170

1,945

257

-1,666

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97,027

135,254

103,660

54,388

0

0

0

Increase (Decrease) in cash and cash equivalents

-7,257

-1,942

10,424

11,892

13,296

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-19,192

-

-4,853

5,083

-19,265

16,878

6,871

11,469

39,472

25,598

9,051

7,620

-6,122

-5,126

-29,533

-16,523

9

-3,546

17,584

-15,110

-12,227

-8,965

0

0

0

Supplemental Disclosures
Cash paid during the year for:
Interest

47,448

48,603

48,613

48,495

49,225

48,259

47,878

47,863

47,022

45,637

44,223

42,090

40,585

38,991

37,157

35,263

33,642

32,690

30,988

30,357

28,856

26,768

25,478

23,232

21,953

20,852

19,743

18,370

16,620

14,956

13,285

12,024

11,266

0

0

0

Income taxes

505

514

517

547

555

555

557

546

543

552

565

571

582

575

565

1,044

1,039

1,038

1,049

698

724

739

720

723

702

4,619

4,662

4,637

4,719

1,332

6,572

6,864

6,810

0

0

0