Dover downs gaming & entertainment inc (DDE)
CashFlow / Quarterly
Dec'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) earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,371

-

2,039

1,238

-38

Net earnings (loss)

419

-269

153

-273

-841

-138

33

-196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-239

-

826

631

-352

-516

699

164

-1,053

-418

223

491

-283

-

-

-

-

-

-

-

-

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation

2,031

2,010

2,050

2,140

2,040

2,096

2,086

1,946

1,944

1,959

1,953

1,887

2,022

2,030

2,171

2,152

2,364

2,196

2,273

2,295

2,315

2,378

2,524

2,509

2,528

2,523

2,566

2,680

2,797

2,823

2,901

3,144

Amortization of credit facility origination fees

11

10

10

10

15

16

13

13

12

25

26

26

26

31

27

27

27

15

43

48

43

43

43

54

27

28

23

23

23

23

25

19

Stock-based compensation

52

52

53

82

52

57

58

128

74

75

74

103

90

90

90

105

139

140

139

162

157

158

171

196

193

192

193

215

160

227

227

291

Deferred income taxes

296

100

86

-88

752

-62

-161

-10

-110

101

-93

46

63

-246

-294

-31

-288

-272

-177

14

-186

-235

-155

57

-192

-471

229

116

-709

132

590

-402

Losses on equity investments

-35

7

3

-5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

1,513

-229

-450

-94

779

384

-421

-692

1,483

60

-1,091

129

133

-568

-1,093

616

338

-272

-935

459

560

197

-448

-154

960

502

-1,122

-229

1,998

293

-1,187

-220

Due from State of Delaware

-1,460

4,164

2,928

-3,854

-2,019

3,912

1,938

-5,396

-1,088

4,076

1,634

-5,289

-806

4,140

1,963

-4,603

-1,310

4,083

1,587

-5,327

-1,076

4,334

2,418

-7,159

-1,426

4,839

2,688

-5,833

-812

5,452

2,809

-7,838

Inventories

-84

127

-22

26

-146

-113

80

197

-240

99

113

26

-23

89

203

-140

-149

113

58

-196

-76

76

-3

39

-163

30

146

48

-344

100

-65

180

Prepaid expenses and other

-691

659

671

-659

-739

796

615

-226

-1,024

1,013

366

-559

-1,123

539

851

-121

-1,088

-53

1,174

-187

-1,461

278

907

-386

-1,227

-691

1,674

-66

-870

-683

1,316

1,232

Receivable from Dover Motorsports, Inc.

-

-

7

5

-

-

25

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable from/payable to Dover Motorsports, Inc.

-

-

-

-

-

-

-

-

139

-30

-4

-54

-

-

-

11

7

10

-39

-4

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

146

74

-145

21

95

216

-382

-28

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-78

-

-438

-388

383

400

-115

-49

-98

601

-44

2,032

-1,661

-

-

-

-

Receivable from/payable to Dover Motorsports, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-1

-12

-

0

23

-9

Accounts payable

201

620

-760

213

-215

925

-593

-94

-688

633

-407

562

12

-470

375

-579

888

169

-1,125

-437

1,339

109

-748

215

1,029

-1,295

-39

-165

-479

1,311

-1,286

1,058

Purses due horsemen

-1,427

4,161

2,910

-3,925

-1,950

3,897

1,783

-5,565

-761

4,076

1,584

-4,723

-1,288

4,140

2,644

-4,940

-1,690

4,077

2,331

-5,779

-1,332

4,334

2,335

-7,192

-1,307

4,849

2,590

-5,303

-1,256

5,443

2,552

-7,564

Accrued liabilities

1,520

873

231

-843

721

686

293

-1,827

2,021

382

-373

-848

982

-2,335

-900

2,437

-2,408

544

-454

-51

655

191

0

-694

212

793

-1,055

-1,521

3,602

1,023

-472

-4,527

Deferred credits

44

2

48

-121

60

108

25

-156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

172

-17

58

189

-208

20

-23

472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

762

Deferred revenue

-

-

-

-

-

-

-

-

-

-166

37

95

-93

-165

74

203

-61

124

-101

-36

126

-40

141

-110

15

-31

92

16

-

-

-

-55

Liability for pension benefits

-178

-327

-177

-144

-90

-148

-105

-94

-51

-83

-62

-149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for pension benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-109

-

-121

-73

-141

-55

30

30

-80

50

-99

-100

-176

-501

-621

-69

278

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

2,427

-

-900

2,987

3,250

761

4,148

1,485

-114

4,313

2,352

2,042

2,430

3,282

3,002

897

5,985

6,512

7,354

2,182

-397

Net cash provided by operating activities

3,985

2,517

1,430

2,063

2,161

2,248

1,267

1,024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities:
Capital expenditures

1,797

1,636

611

782

429

568

622

574

343

530

660

1,279

533

203

443

472

260

119

311

210

291

307

407

569

467

311

1,320

527

415

479

661

298

Purchase of equity investments

-

12

10

11

-

7

9

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equity investments

-

11

8

10

-

6

8

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of available-for-sale securities

-

-

-

-

-

-

-

-

8

36

10

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89

107

0

95

Proceeds from sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87

106

0

21

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-1,280

-

-204

-445

-472

-267

-120

-312

-210

-295

-308

-334

-569

-467

-311

-1,320

-527

-417

-480

-661

-372

Net cash used in investing activities

-1,805

-1,637

-613

-783

-437

-569

-623

-575

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities:
Borrowings from revolving line of credit

7,110

4,350

5,070

24,760

10,610

11,950

16,990

29,730

8,970

17,050

5,380

15,450

5,930

9,680

21,630

14,820

13,060

22,960

32,820

25,690

16,020

7,870

18,580

29,690

6,710

1,280

7,400

4,230

11,740

14,366

115,452

39,125

Repayments of revolving line of credit

8,610

5,850

6,570

25,160

12,210

13,450

17,990

30,980

11,220

17,550

8,380

15,950

8,090

10,920

24,730

15,830

14,550

26,170

34,110

27,730

21,480

10,370

20,080

31,690

9,710

4,720

6,960

8,730

14,255

17,951

117,502

40,575

Repurchase of common stock

0

0

0

74

0

0

0

74

0

0

0

66

0

0

0

65

0

0

0

104

-74

0

0

144

-

0

0

107

0

0

0

150

Credit facility fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

70

-

-

-

-

-

-

-

-

Net cash used in financing activities

-1,500

-1,533

-1,500

-474

-1,600

-1,535

-1,000

-1,324

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash

-

-

-

806

-

-

-

-875

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,818

975

975

975

972

972

972

972

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-566

-

-1,333

-3,100

-1,075

-1,490

-3,318

-1,290

-2,144

-5,460

-2,500

-1,500

-2,214

-3,650

-4,415

-535

-5,582

-3,487

-4,557

-3,290

-2,572

Net (decrease) increase in cash

-

-

-

-

-

-

-

-

-

957

-770

581

-

-2,437

-558

1,703

-996

710

-117

-2,468

-1,442

-456

208

-353

-835

-1,724

-958

-124

2,608

2,317

-1,769

-3,341

Supplemental information:
Interest paid

177

183

198

197

190

200

198

192

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

203

-

261

313

332

363

389

404

433

418

420

339

347

361

381

407

579

601

561

834

851

Income tax payments, net of refunds received

-

-

-

-

0

50

0

51

0

395

205

-31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

447

1,183

3,024

250

-

-

-

-

Change in accounts payable for capital expenditures

95

0

0

-75

1

-36

10

-187

-62

349

0

-67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in accounts payable for capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

115