Camping world holdings, inc. (CWH)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Operating activities
Net loss

-107,623

-120,301

-110,701

717

25,226

65,581

129,059

166,656

194,617

230,692

247,413

231,908

210,923

198,476

0

0

0

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

60,416

59,932

56,759

55,834

53,516

49,322

42,933

38,136

34,092

31,545

29,370

27,207

25,657

24,695

0

0

0

Equity-based compensation

13,741

13,145

13,066

14,320

13,586

14,088

12,852

9,868

7,608

5,109

0

0

0

-

-

-

-

Loss on debt restructure

-

-

-

-

-

-1,676

0

0

0

-

-

-

-

-

-

-

-

Loss on lease termination

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-lived asset impairment

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal of assets

-12,217

-11,492

-11,070

-4,826

-2,511

-2,810

-1,146

-298

-270

133

629

603

858

564

0

0

0

Provision for losses on accounts receivable

277

-20

1,049

1,940

2,524

2,444

2,819

1,767

965

839

-392

781

1,043

1,332

0

0

0

Non-cash lease expense

55,634

54,921

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of original debt issuance discount

1,034

1,038

1,046

1,072

1,072

1,034

1,000

955

914

942

918

1,002

1,082

1,127

0

0

0

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Non-cash interest

4,437

4,585

0

0

0

-

-

-

-

-

-

-

4,463

4,543

0

0

0

Deferred income taxes

516

14,897

22,363

23,214

25,350

11,364

135,312

129,485

132,324

130,966

3,844

8,432

4,605

3,658

0

0

0

Tax Receivable Agreement liability adjustment

-

-10,005

0

0

0

-

-

-

-

-100,758

0

0

0

-

-

-

-

Change in assets and liabilities, net of acquisitions:
Receivables and contracts in transit

-77,238

-12,217

-2,447

10,044

18,476

16,550

29,926

54,137

57,323

38,019

36,728

33,269

13,760

10,932

0

0

0

Inventories

-189,808

-216,111

-138,157

38,151

469

99,610

234,669

273,753

435,081

342,780

248,960

92,899

-21,579

30,964

0

0

0

Prepaid expenses and other assets

7,249

7,951

1,152

-2,229

8,933

8,290

8,367

19,986

15,975

20,244

2,682

156

-1,016

4,625

0

0

0

Checks in excess of bank balance

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,478

0

0

0

Accounts payable and other accrued expenses

-14,114

-12,586

-19,992

28,532

-22,184

45,230

79,368

74,960

143,252

52,155

62,899

43,596

20,374

13,915

0

0

0

Payment pursuant to Tax Receivable Agreement

-

-

-

-

-

8,914

0

0

0

-

-

-

-

-

-

-

-

Accrued rent for cease-use locations

-

-

-

601

470

-488

-622

-710

-628

-91

568

1,165

1,139

945

0

0

0

Deferred revenue

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and gains

-

-

-

-

-

12,448

15,786

15,027

13,512

12,943

8,647

8,057

5,892

6,143

0

0

0

Operating lease liabilities

-58,877

-54,403

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-23,389

-14,759

-8,204

-5,695

-3,982

-13,767

-12,124

-11,353

-8,949

-9,315

-15,210

-14,665

-12,516

-8,855

0

0

0

Net cash provided by (used in) operating activities

310,765

251,934

205,360

127,351

119,242

136,292

64,406

4,601

-60,267

-16,315

92,790

222,076

291,080

215,775

0

0

0

Investing activities
Purchases of property and equipment

53,696

56,789

70,174

77,720

102,049

133,557

122,013

122,452

92,799

59,559

56,631

43,441

42,872

39,866

0

0

0

Purchase of real property

-

31,567

48,550

64,565

97,041

120,802

104,465

91,429

39,614

21,212

21,026

17,840

13,619

17,077

0

0

0

Proceeds from the sale of real property

-

28,169

0

0

0

-

-

-

-

-

-

-

-

15,892

0

0

0

Purchases of businesses, net of cash acquired

-

48,418

65,453

57,645

107,925

99,240

130,011

221,099

329,992

392,956

356,056

270,415

93,803

78,606

0

0

0

Proceeds from sale of property and equipment

3,827

4,068

8,041

4,258

3,918

3,978

1,084

1,011

929

795

987

1,432

1,541

3,870

0

0

0

Net cash used in investing activities

-90,077

-104,537

-94,582

-128,623

-235,939

-292,689

-356,928

-435,460

-456,999

-468,455

-418,125

-311,248

-134,105

-115,787

0

0

0

Financing activities
Proceeds from credit facilities

-

-

-

-

-

-

-

-

524,397

299,246

0

0

0

-

-

-

-

Payments on long-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings on notes payable - floor plan, net

0

-

-

0

0

-

-

98,082

259,376

358,478

286,515

169,459

4,807

34,785

0

0

0

Borrowings on revolving line of credit

-

14,029

34,790

34,790

24,632

45,164

0

0

0

-

-

-

-

-

-

-

-

Payments of principal on finance lease obligations

-

-

207

389

608

844

908

985

1,091

1,198

1,304

1,394

1,406

1,465

0

0

0

Payments of principal on long-term debt

-

-

-

-

-

-

-

80,925

76,780

7,916

250,455

260,335

280,350

288,520

0

0

0

Payments of principal on right-to-use liability

-

-

-

-

-

161

157

155

152

150

148

160

180

200

0

0

0

Payment of debt issuance costs

-

-

-

-

-

3,345

6,548

6,548

6,548

4,604

0

0

0

-

-

-

-

Dividends on Class A common stock

22,931

22,878

22,835

22,781

22,734

22,697

27,366

26,233

25,000

22,241

0

0

0

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

153

0

0

0

-

-

-

-

-

-

-

-

RSU shares withheld for tax

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Members' distributions

73,068

70,192

64,078

78,301

87,351

101,755

122,986

141,809

147,664

149,633

146,359

227,827

229,484

236,145

0

0

0

Net cash (used in) provided by financing activities

-181,267

-138,433

-105,910

-109,911

-144,619

70,791

254,663

391,141

673,833

594,737

373,494

302,267

-2,197

-77,817

0

0

0

Decrease in cash and cash equivalents

39,421

8,964

4,868

-111,183

-261,316

-85,606

-37,859

-39,718

156,567

109,967

48,159

213,095

154,778

22,171

0

0

0