DUNKIN’ BRANDS GROUP, INC. DNKN Cash Flow

Dunkin’ brands group, inc. (DNKN)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash flows from operating activities:
Net income
242,024	229,906	271,209	175,289	105,229	175,563	146,304	107,624	34,442	26,861	35,008
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization
42,378	45,031	45,239	46,267	45,244	45,539	49,366	56,027	52,522	57,826	62,911
Amortization of debt issuance costs
4,977	5,019	6,179	6,398	5,969	3,968	4,706	5,727	6,278	6,523	7,394
Loss On Debt Extinguishment And Refinancing Transaction
13,076	0	6,996	0	20,554	13,735	5,018	3,963	34,222	61,955	-3,684
Impact of unfavorable operating leases acquired
-	-	-	-	-	-	-	-	3,230	4,320	5,027
Deferred income taxes
-6,257	-9,897	-121,247	-26,362	-21,107	-24,639	-13,191	-6,946	-11,363	-28,389	18,301
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	1,110	-
Long-lived asset impairment charges
-	-	-	-	-	-	-	-	2,060	7,075	8,517
Provision for Doubtful Accounts
2,862	631	457	53	3,343	2,821	3,484	-542	2,019	1,505	7,363
Share-based compensation expense
14,042	14,879	14,926	17,181	16,092	11,287	7,323	6,920	4,632	1,461	1,745
Income (Loss) from Equity Method Investments
17,517	14,903	15,198	14,552	-41,745	14,846	18,370	22,351	-3,475	17,825	14,301
Dividends received from equity method investments
4,367	4,509	4,711	5,247	6,671	7,427	7,226	6,497	7,362	6,603	5,010
Gain on sale of joint venture
-	-	-	-	-	-	6,320	0	0	-	-
Gain on sale of real estate and company-operated restaurants
-	-	-	9,373	1,402	7,458	2,591	1,085	-	-	-
Other, net
714	-2,791	1,767	2,172	-1,083	-570	1,291	834	2,633	137	-123
Change in operating assets and liabilities:
Restricted cash
-	-	-	-	-	0	0	-	-	-101,675	32,520
Accounts, notes, and other receivables, net
-4,392	19,776	18,496	-40,607	26,316	27,224	27,444	-6,321	-19,123	11,815	17,509
Prepaid income taxes, net
10,408	-4,996	-2,441	5,022	12,094	-4,300	-27,847	-38,928	473	1,341	5,737
Prepaid expenses and other current assets
5,677	1,561	6,481	3,695	6,185	-552	-1,879	1,480	-4,406	-6,701	-1,832
Accounts payable
7,735	26,974	5,066	5,374	6,514	397	46	2,804	85	-1,115	3,008
Other current liabilities
-3,407	34,144	30,031	-2,696	40,258	11,876	8,163	38,767	17,904	29,384	16,698
Liabilities of advertising funds, net
-	-	-	-	-1,124	-2,785	4,795	-5,688	-3,572	-346	19,681
Deferred revenue
-5,743	-41,071	59,606	33,651	1,866	5,770	-842	-1,491	-5,658	-12,809	-4,190
Other, net
9,212	2,725	-4,567	-6,240	-12,214	-1,070	-1,385	885	-156	2,040	18
Net Cash Provided by (Used in) Operating Activities
297,734	268,955	283,357	282,479	262,742	199,323	141,799	154,420	162,703	229,004	116,079
Cash flows from investing activities:
Additions to property, equipment, and software
36,762	51,855	21,055	20,826	30,246	23,638	31,099	22,398	18,596	15,358	18,012
Proceeds from sale of real estate
-	-	-	20,523	2,693	14,361	5,387	2,416	-	-	-
Proceeds from sale of joint venture, net
-	-	-	-	-	-	6,682	0	0	-	-
Other, net
-1,270	-20	-752	4,006	7,914	4,827	3,876	2,965	1,211	249	-
Net Cash Provided by (Used in) Investing Activities
-35,492	-51,835	-20,303	-4,309	-35,467	-14,104	-22,906	-22,947	-19,807	-15,607	-18,012
Cash flows from financing activities:
Proceeds from issuance of long-term debt
1,700,000	-	1,400,000	-	2,500,000	-	-	396,000	250,000	1,859,375	-
Repayment of long-term debt
1,707,025	31,600	754,375	25,000	1,837,824	15,000	24,157	15,441	654,608	1,470,985	145,183
Payment of debt issuance and other debt-related costs
-	-	-	-	-	0	0	-	-	16,144	2,276
Repayment of short-term debt
-	-	-	-	-	-	-	-	-	-	64,190
Payment of deferred financing and other debt-related costs
-	-	-	-	-	-	-	-	-	-	613
Dividends paid on common stock
124,089	114,828	117,003	109,703	100,516	96,775	81,008	70,069	0	0	-
Payment of debt issuance and other debt-related costs
17,937	-	18,441	-	41,350	9,213	6,157	5,978	20,087	34,979	-
Proceeds from initial public offering, net of offering costs
-	-	-	-	-	-	-	-	389,961	0	-
Repurchases of common stock
29,715	680,368	127,186	55,000	625,041	130,171	27,963	450,369	286	3,890	3,457
Exercise of stock options
30,729	95,331	36,344	10,647	10,353	5,120	7,963	4,418	266	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	10,758	15,366	11,978	1,494	1,110	-
Other, net
-4,611	-895	-698	-122	-7,211	1,924	1,782	3,859	3,186	644	2,702
Net Cash Provided by (Used in) Financing Activities
-152,648	-732,360	418,641	-179,178	-101,589	-233,357	-114,174	-125,602	-30,074	-132,583	-208,465
Effect of exchange rates on cash, cash equivalents, and restricted cash
62	-538	572	-275	-929	-715	-404	32	-207	76	-29
Decrease in cash, cash equivalents, and restricted cash
109,656	-515,778	682,267	98,717	124,757	-48,853	4,315	5,903	112,615	80,890	-110,427
Supplemental cash flow information:
Cash paid for income taxes
73,383	74,775	135,927	125,681	106,924	99,410	98,483	90,225	43,143	19,206	15,920
Noncash investing activities:
Property, equipment, and software included in accounts payable and other current liabilities
4,253	2,713	2,637	1,847	579	2,383	1,366	5,244	1,641	1,822	1,596
Noncash or Part Noncash Acquisition, Fixed Assets Acquired
0	325	449	624	475	1,094	173	2,818	0	178	-
Cash paid for interest
123,459	126,868	91,606	94,212	90,564	64,485	78,127	54,115	103,147	100,629	107,038
Noncash investing and Financing activities:
Leased assets obtained in exchange for operating lease liabilities, net
15,702	0	0	-	-	-	-	-	-	-	-
Purchase of property, equipment, and software in exchange for note payable
0	1,500	0	0	-	-	-	-	-	-	-
Receivable from exercise of stock options included in notes and other receivables, net
0	0	151	0	0	-	-	-	-	-	-
Purchase of leaseholds in exchange for capital lease obligation
-	-	-	-	-	-	-	-	-	-	1,381