| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Operating activities: | |||||||||
Net (loss) earnings | |||||||||
- | - | - | - | - | - | - | - | 6,743 | 11,277 |
Net earnings (loss) | |||||||||
30 | -1,142 | 758 | 1,873 | - | - | - | - | - | - |
Net loss | |||||||||
- | - | - | - | -706 | 13 | 4,807 | 5,359 | - | - |
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities: | |||||||||
Depreciation | |||||||||
8,231 | 8,168 | 7,743 | 8,375 | 9,128 | 9,726 | 10,297 | 11,665 | 12,059 | 11,939 |
Amortization of credit facility origination fees | |||||||||
41 | 57 | 89 | 111 | 133 | 183 | 101 | 90 | 72 | 39 |
Stock-based compensation | |||||||||
239 | 295 | 326 | 375 | 580 | 682 | 793 | 905 | 1,192 | 952 |
Deferred income taxes | |||||||||
394 | 519 | -56 | -508 | -723 | -519 | -318 | -389 | -85 | 187 |
Losses on equity investments | |||||||||
-30 | - | - | - | - | - | - | - | - | - |
Impairment charge | |||||||||
- | - | - | - | 358 | - | 0 | - | - | - |
Gain from insurance settlement | |||||||||
- | - | - | - | - | 22 | - | - | - | - |
Loss on extinguishment of debt | |||||||||
- | - | - | - | - | - | - | -45 | - | - |
Changes in assets and liabilities: | |||||||||
Impairment charge | |||||||||
- | - | - | - | - | - | - | - | - | 2,177 |
Accounts receivable | |||||||||
740 | 50 | 581 | -912 | -410 | 155 | 111 | 884 | 462 | -25 |
Due from State of Delaware | |||||||||
1,778 | -1,565 | -667 | 694 | -967 | -1,483 | 268 | -389 | -1,240 | 199 |
Inventories | |||||||||
47 | 18 | -2 | 129 | -174 | 36 | 61 | -129 | 168 | 145 |
Prepaid expenses and other | |||||||||
-20 | 446 | -204 | 146 | -154 | -662 | -310 | 995 | 392 | -42 |
Receivable from/payable to Dover Motorsports, Inc. | |||||||||
2 | - | 51 | 66 | -26 | 4 | -11 | 29 | - | - |
Income taxes receivable | |||||||||
-200 | 96 | -99 | 197 | -114 | - | - | - | - | - |
Income taxes receivable | |||||||||
- | - | - | - | - | 138 | 928 | -869 | 187 | - |
Receivable from/payable to Dover Motorsports, Inc. | |||||||||
- | - | - | - | - | - | - | - | -13 | -16 |
Accounts payable | |||||||||
274 | 23 | 100 | -662 | -505 | 915 | -470 | 604 | 664 | -184 |
Purses due horsemen | |||||||||
1,719 | -1,835 | 176 | 556 | -1,061 | -1,855 | 829 | -825 | -390 | 33 |
Accrued liabilities | |||||||||
1,781 | -127 | 1,182 | 184 | -2,369 | 152 | -1,571 | -374 | 3,498 | 1,369 |
Deferred credits | |||||||||
-27 | 37 | 51 | - | - | - | - | - | - | - |
Contract liabilities | |||||||||
402 | 261 | 93 | - | - | - | - | - | - | - |
Income taxes payable | |||||||||
- | - | - | - | - | - | - | - | - | -653 |
Deferred revenue | |||||||||
- | - | - | 19 | -74 | 117 | 92 | -53 | 1 | 94 |
Liability for pension benefits | |||||||||
-826 | -437 | -345 | -416 | -274 | - | - | - | - | - |
Liability for pension benefits | |||||||||
- | - | - | - | - | -75 | -325 | -913 | -278 | 800 |
Net cash provided by operating activities | |||||||||
- | - | - | - | 6,280 | 11,137 | 13,166 | 15,651 | 23,494 | 27,737 |
Net cash provided by operating activities | |||||||||
9,995 | 6,700 | 10,355 | 9,719 | - | - | - | - | - | - |
Investing activities: | |||||||||
Capital expenditures | |||||||||
4,826 | 2,193 | 2,812 | 1,651 | 900 | 1,574 | 2,625 | 1,853 | 5,576 | 4,535 |
Purchase of available-for-sale securities | |||||||||
41 | 59 | 55 | 16 | 35 | 37 | - | 291 | 67 | 104 |
Proceeds from sale of available-for-sale securities | |||||||||
29 | 48 | 49 | 8 | 26 | 31 | - | 214 | 65 | 102 |
Proceeds from sale of property and equipment | |||||||||
- | - | - | 25 | - | - | - | - | - | - |
Insurance settlement proceeds | |||||||||
- | - | - | - | - | 74 | - | - | - | - |
Net cash used in investing activities | |||||||||
- | - | - | - | -909 | -1,506 | -2,625 | -1,930 | -5,578 | -4,537 |
Net cash used in investing activities | |||||||||
-4,838 | -2,204 | -2,818 | -1,634 | - | - | - | - | - | - |
Financing activities: | |||||||||
Borrowings from revolving line of credit | |||||||||
41,290 | 69,280 | 46,850 | 52,060 | 94,530 | 72,160 | 19,620 | 180,683 | 116,300 | 157,875 |
Repayments of revolving line of credit | |||||||||
46,190 | 74,630 | 53,100 | 59,570 | 102,560 | 83,620 | 30,120 | 190,283 | 132,825 | 171,075 |
Repurchase of common stock | |||||||||
74 | 74 | 66 | 65 | 104 | 70 | - | 150 | 117 | 59 |
Credit facility fees | |||||||||
33 | 35 | 40 | 93 | 108 | - | 3,575 | 268 | - | - |
Net cash used in financing activities | |||||||||
-5,007 | -5,459 | -6,356 | -7,668 | - | - | - | - | - | - |
Net increase (decrease) in cash | |||||||||
150 | -963 | 1,181 | - | - | - | - | - | - | - |
Net increase (decrease) in cash | |||||||||
- | - | - | 417 | - | - | - | - | - | - |
Dividends paid | |||||||||
- | - | - | - | - | 144 | 107 | 3,888 | 3,870 | 6,415 |
Net cash used in financing activities | |||||||||
- | - | - | - | -8,242 | -11,674 | -14,182 | -13,906 | -20,512 | -19,674 |
Net (decrease) increase in cash | |||||||||
- | - | - | - | -2,871 | -2,043 | -3,641 | -185 | -2,596 | 3,526 |
Supplemental information: | |||||||||
Interest paid | |||||||||
755 | 780 | 778 | 1,108 | - | - | - | - | - | - |
Interest paid | |||||||||
- | - | - | - | 1,589 | 1,524 | 1,728 | 2,847 | 3,121 | 2,801 |
Income tax payments, net of refunds received | |||||||||
-207 | 101 | 569 | 1,547 | 569 | - | - | - | - | - |
Income tax payments | |||||||||
- | - | - | - | - | 1,041 | 4,904 | 3,331 | 5,024 | 8,275 |
Change in accounts payable for capital expenditures | |||||||||
20 | -212 | 220 | 67 | - | - | - | - | - | - |
Change in accounts payable for capital expenditures | |||||||||
- | - | - | - | - | - | - | - | - | -1,581 |