BRINKER INTERNATIONAL, INC. EAT Cash Flow

Brinker international, inc. (EAT)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09
Cash flows from operating activities
Net income
30,800	27,900	14,900	46,700	49,800	32,000	26,400	43,800	46,900	25,300	9,900	50,561	42,369	34,637	23,233	62,217	57,502	47,694	33,207	55,188	65,427	41,306	32,738	28,820	56,263	39,744	29,212	46,367	51,951	37,177	27,864	47,004	44,933	35,674	23,621	41,919	40,246	37,464	21,431	63,615	39,998	18,324	15,767
Adjustments to reconcile Net income to Net cash provided by operating activities:
Income from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,517	4,490	3,487	5,488
Depreciation and amortization
43,500	39,300	38,100	38,100	36,400	36,100	37,000	37,700	37,500	37,700	38,500	38,874	39,335	39,305	38,886	39,033	39,050	39,114	39,171	37,029	36,599	36,072	35,542	35,169	34,218	33,538	33,156	32,651	33,222	32,979	32,629	31,789	30,929	31,153	31,183	31,564	31,858	32,452	32,573	32,860	33,307	34,512	35,153
Stock-based compensation
-700	2,600	7,100	3,400	5,800	3,600	3,600	3,200	4,700	2,800	3,500	1,263	5,085	4,118	4,034	3,064	4,573	3,333	4,189	3,215	4,595	3,204	3,788	3,084	4,794	3,196	5,000	3,000	3,595	2,793	6,521	3,068	3,944	2,531	3,918	3,185	3,149	2,496	3,959	3,223	4,075	3,513	4,784
Restructure charges and other impairments
18,700	9,300	-3,200	12,100	6,000	6,500	1,900	5,600	1,600	5,500	9,000	5,563	837	2,850	5,150	11,508	4,708	655	574	-2,766	76	7,393	933	4,697	1,745	1,451	640	7,633	765	2,580	447	5,354	144	1,869	3,029	2,142	2,156	1,122	3,007	4,518	3,102	21,305	2,841
Net loss (gain) on disposal of assets
-600	-200	-300	5,500	9,300	4,700	13,600	-200	-100	-900	-400	-228	-183	1,292	-481	-720	359	-959	1,233	-704	-845	-2,260	-714	-1,953	-1,157	-852	-1,199	8,020	-1,211	1,041	-945	1,051	-968	-937	364	-797	-270	565	903	1,333	0	3,545	0
Undistributed loss on equity investments
-	-	-	-	-	-	-	0	0	-100	-200	-82	12	-116	186	49	309	40	173	85	95	80	108	-25	147	84	122	-99	245	-349	-648	-196	237	-1,256	-135	-	-	-	-	-	-	-	-
Other
400	700	600	900	800	500	800	700	700	700	1,000	918	888	704	490	528	567	388	435	35	-203	199	219	352	24	166	165	158	68	69	68	96	97	97	509	101	101	168	35	-	-	-	-
Changes in assets and liabilities:
Accounts receivable, net
-61,500	55,700	-7,000	7,100	-36,400	40,200	-7,900	6,000	-39,900	43,600	-6,400	7,578	-49,596	46,779	-8,261	8,395	-46,264	48,455	-6,904	5,518	-57,115	57,989	-8,324	8,192	-52,264	57,873	-8,429	145	-42,554	45,708	-8,697	3,541	-47,960	53,309	-9,498	6,111	-53,829	59,283	-12,820	2,065	-48,880	53,746	-13,014
Inventories
700	600	-100	-800	-100	700	-800	-100	-400	700	-200	-1,386	557	849	-20	774	-1,505	742	-22	-1,038	-1,001	1,046	518	-700	-27	346	-531	-148	-1,752	736	256	-1,366	-646	1,226	801	-640	-1,483	843	-61	-884	-2,373	-1,160	-2,127
Restaurant supplies
-	-	-	-	-	-	-	100	0	300	800	162	324	230	784	621	549	343	138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-217	425	86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-9,200	4,300	-5,900	1,700	-1,100	-3,900	6,300	5,600	-1,900	-2,000	0	3,973	-1,916	-3,629	2,272	13,375	-6,476	3,603	676	4,304	-5,659	1,820	-4,315	2,288	-498	-2,213	-1,404	1,504	2,508	-1,422	-2,672	6,373	-28	412	-3,773	7,797	-2,748	1,892	-4,791	5,423	-201	2,390	-9,459
Operating lease assets, net of liabilities
3,300	1,300	1,700	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
2,300	-5,200	-1,300	-8,000	6,000	1,700	76,100	4,400	2,700	-5,900	-4,600	14,016	2,328	3,388	2,968	60,437	-20,230	-14,930	-1,375	-7,685	25,853	-5,187	1,218	-21,551	-3,808	456	1,862	5,074	-5,463	-7,808	3,404	-2,209	585	4,147	9,285	41,988	-7,244	-27,321	7,854	-14,179	18,753	-33,723	3,633
Other assets
200	-300	500	-1,400	300	-300	500	-400	-100	100	100	-640	67	-78	351	-344	59	-227	440	-1,057	1,179	1,086	932	1,703	-14	981	727	1,748	1,090	280	997	536	80	451	-1,556	431	12	-1,000	151	572	-513	-364	-246
Accounts payable
3,000	-7,500	2,800	-8,300	-500	9,800	-5,100	1,300	4,600	700	-5,000	10,487	-3,063	-5,816	1,392	777	5,339	276	-12,175	2,810	10,414	-7,785	-4,322	-412	14,680	-6,043	-4,469	6,305	-585	5,607	-20,666	6,382	5,599	9,601	-9,394	3,686	-1,916	5,671	-28,956	4,099	-10,118	13,919	-17,863
Gift card liability
-39,700	50,900	-6,100	-8,800	-43,400	46,700	-4,600	-7,500	-40,100	48,800	-8,500	-4,909	-43,542	54,255	-1,604	-6,612	-38,511	59,957	-8,644	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued payroll
-15,800	1,300	-12,100	-1,700	16,500	3,900	-11,900	-1,500	13,100	-900	-6,500	-5,292	12,145	-2,805	-4,748	-2,284	-5,506	12,965	-22,404	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other accrued liabilities
-3,800	-4,800	19,700	-10,300	5,200	-15,100	12,500	-13,500	1,700	-10,200	15,200	-16,376	2,514	-28	8,090	-3,957	7,189	-12,415	9,908	-13,939	-84,903	69,874	-9,305	2,918	-39,372	70,836	-19,765	-4,764	-31,017	56,291	-29,891	-12,504	-21,496	52,257	-35,454	-998	-39,736	58,873	-33,317	-5,320	-41,116	52,413	-13,460
Current income taxes
-4,600	-7,900	12,300	-13,800	-2,300	-74,100	77,500	-3,900	9,400	-2,200	-18,200	6,903	-967	-3,502	-10,134	29,057	-928	-5,827	-7,427	15,340	-5,794	2,827	-5,113	44	8,758	6,779	-1,494	-12,144	-2,773	15,120	546	-1,393	6,589	-586	-8,484	16,755	16,339	-7,134	-29,936	-	-	34,782	2,331
Other liabilities
-900	200	100	8,200	-1,800	0	-700	-3,700	-1,800	-2,900	400	4,838	-1,169	63	768	1,737	-4,057	1,705	3,497	-4,611	-2,968	3,425	3,405	-374	-1,336	-1,999	395	-5,058	-78	-477	309	1,980	-1,044	-146	-1,157	-518	507	-4,482	96	-8,972	-4,123	-672	2,746
Net cash provided by operating activities
95,500	55,700	86,600	62,100	94,400	6,600	49,600	46,800	118,000	69,500	50,200	69,437	102,839	75,066	67,758	100,579	143,342	110,353	45,886	93,704	112,442	91,567	70,898	82,742	129,779	91,905	55,416	68,052	91,359	98,337	32,940	69,628	119,565	83,392	30,853	71,815	118,168	76,641	-6,636	74,808	84,575	82,729	55,290
Cash flows from investing activities
Payments for property and equipment
30,600	30,900	20,500	39,600	49,300	47,500	31,200	31,800	20,900	26,200	22,400	22,870	19,675	32,944	27,111	36,698	23,891	28,468	23,731	33,154	27,627	39,298	40,183	47,086	44,288	39,848	29,844	32,841	28,938	32,751	37,001	40,049	31,702	25,813	27,662	21,469	17,050	16,214	15,628	29,277	10,295	10,027	11,280
Payments for franchise restaurant acquisitions
-1,600	0	96,200	1,800	1,300	0	0	-	-	-	-	-	-	-	-	0	0	0	105,577	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
700	100	200	200	200	1,200	0	5,100	14,500	200	100	123	55	3,022	0	0	1,500	0	2,756	0	0	734	1,216	55	0	833	0	10,622	1,200	4,686	649	3,768	65	1,756	2,523	0	1,823	3,630	3,243	7,035	0	19,568	0
Proceeds from note receivable
800	700	700	800	700	600	700	700	700	500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries
0	0	0	300	0	0	1,400	0	700	1,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale leaseback transactions, net of related expenses
0	0	0	17,100	10,800	10,400	447,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in equity method investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,087	171	183	729	975	365	0	1,556	0	0	0	0
Net cash (used in) provided by investing activities
-27,500	-30,100	-115,800	-23,000	-38,900	-35,300	418,500	-26,000	-5,000	-24,500	-22,300	-22,747	-19,620	-29,922	-27,111	-36,698	-22,391	-28,468	-126,552	-33,154	-27,627	-38,564	-38,967	-47,031	-44,288	-39,015	-29,844	-45,689	-27,738	-28,065	-36,352	-41,488	-31,808	-24,240	-25,868	-22,444	-15,592	-12,584	-13,941	-22,242	-10,295	39,290	-11,280
Cash flows from financing activities
Borrowings on revolving credit facility
343,800	164,000	299,000	227,000	147,000	275,000	204,000	492,000	204,000	210,000	110,000	50,000	100,000	30,000	70,000	0	49,000	52,000	155,500	38,000	359,750	43,000	40,000	22,000	18,000	20,000	60,000	0	0	20,000	90,000	40,000	0	0	0	-	-	-	-	-	-	-	-
Payments on revolving credit facility
214,000	189,000	227,000	247,000	190,000	164,000	549,000	104,000	208,000	199,000	77,000	60,000	190,000	55,000	83,000	60,000	30,000	20,000	0	-	-	-	-	0	0	20,000	20,000	150,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
21,000	0	11,300	0	100	62,100	105,500	141,200	90,200	30,100	41,700	20,132	774	31	349,963	18,748	126,068	89,028	51,061	89,236	104,230	59,473	53,316	47,786	98,710	26,800	66,301	141,585	60,354	45,114	86,331	78,944	82,709	47,816	77,822	63,116	107,165	157,282	94,536	20,016	11	22	2,819
Payments of dividends
14,300	14,200	14,800	14,300	14,400	15,400	16,200	16,900	17,700	18,400	17,000	16,713	17,143	18,646	18,298	17,874	18,829	19,287	18,076	17,584	17,839	18,211	17,198	15,839	16,211	16,064	15,281	14,182	14,484	14,874	12,803	12,231	12,777	12,851	12,222	12,189	12,434	14,005	14,557	22	11,265	11,279	11,882
Payments on long-term debt
7,400	2,600	2,400	3,800	2,000	1,900	1,800	252,500	2,700	2,600	2,500	953	985	972	890	855	849	849	849	419	175,420	6,669	6,669	6,631	6,630	6,630	6,630	296,595	6,595	6,595	6,595	6,562	6,562	313	5,312	5,281	5,282	5,282	282	250,254	248	140,272	272
Proceeds from issuances of treasury stock
100	200	1,300	200	0	2,300	500	1,000	300	800	200	1,095	668	441	3,396	1,422	3,034	385	1,306	1,294	10,990	2,093	1,882	4,721	16,611	3,010	4,953	9,148	9,527	4,660	17,855	15,470	11,297	13,200	3,449	6,206	14,686	11,874	291	1,285	642	245	224
Payments for debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-16	0	1,033	9,183	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,620	0	0	0	0	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	0	0	0	350,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	70,000	0	0	0	0	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	458	155	4,752	-1,027	6,569	975	9,376	900	3,403	645	13,924	967	872	446	6,493	482	132	130	662	48	103	34	106	8	2	12	117
Net cash provided by (used in) financing activities
87,200	-42,600	44,800	-37,900	-59,500	33,900	-468,000	-23,200	-114,300	-39,300	-28,000	-46,687	-108,234	-45,241	-37,938	-101,420	-123,254	-76,624	91,572	-68,972	-99,681	-38,285	-25,925	-42,635	-83,537	-45,839	-29,335	-48,688	-71,034	-41,477	8,619	-41,785	-90,619	-47,650	-22,865	-74,332	-110,092	-164,661	-108,978	-72,610	-10,880	-151,316	-14,632
Net change in cash and cash equivalents
155,200	-17,000	15,600	1,200	-4,000	5,200	100	-2,400	-1,300	5,700	-100	3	-25,015	-97	2,709	-37,539	-2,303	5,261	10,906	-8,422	-14,866	14,718	6,006	-6,924	1,954	7,051	-3,763	-26,325	-7,413	28,795	5,207	-13,645	-2,862	11,502	-17,880	-24,961	-7,516	-100,604	-129,555	162,698	71,615	-23,523	39,678
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,025	9,587	7,259	11,162
Net cash provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	171,717	-1,372	-1,485	-862
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	182,742	8,215	5,774	10,300