BRINKER INTERNATIONAL, INC. EAT Cash Flow

Brinker international, inc. (EAT)

CashFlow / TTM

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
120,300	139,300	143,400	154,900	152,000	149,100	142,400	125,900	132,661	128,130	137,467	150,800	162,456	177,589	190,646	200,620	193,591	201,516	195,128	194,659	168,291	159,127	157,565	154,039	171,586	167,274	164,707	163,359	163,996	156,978	155,475	151,232	146,147	141,460	143,250	141,060	162,756	162,508	143,368	137,704	0	0	0
Adjustments to reconcile Net income to Net cash provided by operating activities:
Income from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,982	0	0	0
Depreciation and amortization
159,000	151,900	148,700	147,600	147,200	148,300	149,900	151,400	152,574	154,409	156,014	156,400	156,559	156,274	156,083	156,368	154,364	151,913	148,871	145,242	143,382	141,001	138,467	136,081	133,563	132,567	132,008	131,481	130,619	128,326	126,500	125,054	124,829	125,758	127,057	128,447	129,743	131,192	133,252	135,832	0	0	0
Stock-based compensation
12,400	18,900	19,900	16,400	16,200	15,100	14,300	14,200	12,263	12,648	13,966	14,500	16,301	15,789	15,004	15,159	15,310	15,332	15,203	14,802	14,671	14,870	14,862	16,074	15,990	14,791	14,388	15,909	15,977	16,326	16,064	13,461	13,578	12,783	12,748	12,789	12,827	13,753	14,770	15,595	0	0	0
Restructure charges and other impairments
36,900	24,200	21,400	26,500	20,000	15,600	14,600	21,700	21,663	20,900	18,250	14,400	20,345	24,216	22,021	17,445	3,171	-1,461	5,277	5,636	13,099	14,768	8,826	8,533	11,469	10,489	11,618	11,425	9,146	8,525	7,814	10,396	7,184	9,196	8,449	8,427	10,803	11,749	31,932	31,766	0	0	0
Net loss (gain) on disposal of assets
4,400	14,300	19,200	33,100	27,400	18,000	12,400	-1,600	-1,628	-1,711	481	400	-92	450	-1,801	-87	-71	-1,275	-2,576	-4,523	-5,772	-6,084	-4,676	-5,161	4,812	4,758	6,651	6,905	-64	179	-1,799	-490	-2,338	-1,640	-138	401	2,531	2,801	5,781	4,878	0	0	0
Undistributed loss on equity investments
-	-	-	-	-	-	-	-300	-382	-370	-386	0	131	428	584	571	607	393	433	368	258	310	314	328	254	352	-81	-851	-948	-956	-1,863	-1,350	0	0	0	-	-	-	-	-	-	-	-
Other
2,600	3,000	2,800	3,000	2,800	2,700	2,900	3,100	3,318	3,506	3,510	3,000	2,610	2,289	1,973	1,918	1,425	655	466	250	567	794	761	707	513	557	460	363	301	330	358	799	804	808	879	405	0	0	0	-	-	-	-
Changes in assets and liabilities:
Accounts receivable, net
-5,700	19,400	3,900	3,000	1,900	-1,600	1,800	3,300	4,878	-4,818	-1,639	-3,500	-2,683	649	2,325	3,682	805	-10,046	-512	-1,932	742	5,593	5,477	5,372	-2,675	7,035	-5,130	-5,398	-2,002	-7,408	193	-608	1,962	-3,907	2,067	-1,255	-5,301	-352	-5,889	-6,083	0	0	0
Inventories
400	-400	-300	-1,000	-300	-600	-600	0	-1,286	-329	-180	0	2,160	98	-9	-11	-1,823	-1,319	-1,015	-475	-137	837	137	-912	-360	-2,085	-1,695	-908	-2,126	-1,020	-530	15	741	-96	-479	-1,341	-1,585	-2,475	-4,478	-6,544	0	0	0
Restaurant supplies
-	-	-	-	-	-	-	1,200	1,262	1,586	1,516	1,500	1,959	2,184	2,297	1,651	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-9,100	-1,000	-9,200	3,000	6,900	6,100	8,000	1,700	73	57	-1,572	700	10,102	5,542	12,774	11,178	2,107	2,924	1,141	-3,850	-5,866	-705	-4,738	-1,827	-2,611	395	1,186	-82	4,787	2,251	4,085	2,984	4,408	1,688	3,168	2,150	-224	2,323	2,821	-1,847	0	0	0
Operating lease assets, net of liabilities
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes, net
-12,200	-8,500	-1,600	75,800	88,200	84,900	77,300	-3,400	6,216	5,844	15,132	22,700	69,121	46,563	28,245	23,902	-44,220	1,863	11,606	14,199	333	-29,328	-23,685	-23,041	3,584	1,929	-6,335	-4,793	-12,076	-6,028	5,927	11,808	56,005	48,176	16,708	15,277	-40,890	-14,893	-21,295	-25,516	0	0	0
Other assets
-1,000	-900	-900	-900	100	-300	100	-300	-540	-373	-551	-300	-4	-12	-161	-72	-785	335	1,648	2,140	4,900	3,707	3,602	3,397	3,442	4,546	3,845	4,115	2,903	1,893	2,064	-489	-594	-662	-2,113	-406	-265	-790	-154	-551	0	0	0
Accounts payable
-10,000	-13,500	3,800	-4,100	5,500	10,600	1,500	1,600	10,787	3,124	-3,392	3,000	-6,710	1,692	7,784	-5,783	-3,750	1,325	-6,736	1,117	-2,105	2,161	3,903	3,756	10,473	-4,792	6,858	-9,339	-9,262	-3,078	916	12,188	9,492	1,977	-1,953	-21,515	-21,102	-29,304	-21,056	-9,963	0	0	0
Gift card liability
-3,700	-7,400	-11,600	-10,100	-8,800	-5,500	-3,400	-7,300	-4,709	-8,151	-2,696	4,200	2,497	7,528	13,230	6,190	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued payroll
-28,300	4,000	6,600	6,800	7,000	3,600	-1,200	4,200	408	-547	-2,452	-700	2,308	-15,343	427	-17,229	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other accrued liabilities
800	9,800	-500	-7,700	-10,900	-14,400	-9,500	-6,800	-9,676	-8,862	1,310	-5,800	6,619	11,294	-1,093	725	-9,257	-101,349	-19,060	-38,273	-21,416	24,115	25,077	14,617	6,935	15,290	745	-9,381	-17,121	-7,600	-11,634	-17,197	-5,691	-23,931	-17,315	-15,178	-19,500	-20,880	-27,340	-7,483	0	0	0
Current income taxes
-14,000	-11,700	-77,900	-12,700	-2,800	8,900	80,800	-14,900	-4,097	-14,464	-15,766	-7,700	14,454	14,493	12,168	14,875	1,158	-3,708	4,946	7,260	-8,036	6,516	10,468	14,087	1,899	-9,632	-1,291	749	11,500	20,862	5,156	-3,874	14,274	24,024	17,476	-3,976	0	0	0	-	-	0	0
Other liabilities
7,600	6,700	6,500	5,700	-6,200	-6,200	-9,100	-8,000	538	1,169	4,132	4,500	1,399	-1,489	153	2,882	-3,466	-2,377	-657	-749	3,488	5,120	-304	-3,314	-7,998	-6,740	-5,218	-5,304	1,734	768	1,099	-367	-2,865	-1,314	-5,650	-4,397	-12,851	-17,481	-13,671	-11,021	0	0	0
Net cash provided by operating activities
299,900	298,800	249,700	212,700	197,400	221,000	283,900	284,500	307,137	291,976	297,542	315,100	346,242	386,745	422,032	400,160	393,285	362,385	343,599	368,611	357,649	374,986	375,324	359,842	345,152	306,732	313,164	290,688	292,264	320,470	305,525	303,438	305,625	304,228	297,477	259,988	262,981	229,388	235,476	297,402	0	0	0
Cash flows from investing activities
Payments for property and equipment
121,600	140,300	156,900	167,600	159,800	131,400	110,100	101,300	92,370	91,145	97,889	102,600	116,428	120,644	116,168	112,788	109,244	112,980	123,810	140,262	154,194	170,855	171,405	161,066	146,821	131,471	124,374	131,531	138,739	141,503	134,565	125,226	106,646	91,994	82,395	70,361	78,169	71,414	65,227	60,879	0	0	0
Payments for franchise restaurant acquisitions
96,400	99,300	99,300	3,100	0	0	0	-	-	-	-	-	-	-	-	105,577	105,577	105,577	105,577	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
1,200	700	1,800	1,600	6,500	20,800	19,800	19,900	14,923	478	3,300	3,200	3,077	4,522	1,500	4,256	4,256	2,756	3,490	1,950	2,005	2,005	2,104	888	11,455	12,655	16,508	17,157	10,303	9,168	6,238	8,112	4,344	6,102	7,976	8,696	15,731	13,908	29,846	26,603	0	0	0
Proceeds from note receivable
3,000	2,900	2,800	2,800	2,700	2,700	2,600	1,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries
300	300	300	1,700	1,400	2,100	3,100	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale leaseback transactions, net of related expenses
17,100	27,900	38,300	485,900	468,800	458,000	447,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in equity method investee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,170	2,058	2,252	2,069	2,896	1,921	1,556	1,556	0	0	0	0
Net cash (used in) provided by investing activities
-196,400	-207,800	-213,000	321,300	318,300	352,200	363,000	-77,800	-74,547	-89,167	-94,589	-99,400	-113,351	-116,122	-114,668	-214,109	-210,565	-215,801	-225,897	-138,312	-152,189	-168,850	-169,301	-160,178	-158,836	-142,286	-131,336	-137,844	-133,643	-137,713	-133,888	-123,404	-104,360	-88,144	-76,488	-64,561	-64,359	-59,062	-7,188	-4,527	0	0	0
Cash flows from financing activities
Borrowings on revolving credit facility
1,033,800	837,000	948,000	853,000	1,118,000	1,175,000	1,110,000	1,016,000	574,000	470,000	290,000	250,000	200,000	149,000	171,000	256,500	294,500	605,250	596,250	480,750	464,750	123,000	100,000	120,000	98,000	80,000	80,000	110,000	150,000	150,000	130,000	40,000	0	0	0	-	-	-	-	-	-	-	-
Payments on revolving credit facility
877,000	853,000	828,000	1,150,000	1,007,000	1,025,000	1,060,000	588,000	544,000	526,000	382,000	388,000	388,000	228,000	193,000	110,000	0	0	0	-	-	-	-	40,000	190,000	190,000	170,000	150,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
32,300	11,400	73,500	167,700	308,900	399,000	367,000	303,200	182,132	92,706	62,637	370,900	369,516	494,810	583,807	284,905	355,393	333,555	304,000	306,255	264,805	259,285	226,612	239,597	333,396	295,040	313,354	333,384	270,743	293,098	295,800	287,291	271,463	295,919	405,385	422,099	378,999	271,845	114,585	22,868	0	0	0
Payments of dividends
57,600	57,700	58,900	60,300	62,900	66,200	69,200	70,000	69,813	69,256	69,502	70,800	71,961	73,647	74,288	74,066	73,776	72,786	71,710	70,832	69,087	67,459	65,312	63,395	61,738	60,011	58,821	56,343	54,392	52,685	50,662	50,081	50,039	49,696	50,850	53,185	41,018	39,849	37,123	34,448	0	0	0
Payments on long-term debt
16,200	10,800	10,100	9,500	258,200	258,900	259,600	260,300	8,753	7,038	5,410	3,800	3,702	3,566	3,443	3,402	2,966	177,537	183,357	189,177	195,389	26,599	26,560	26,521	316,485	316,450	316,415	316,380	26,347	26,314	20,032	18,749	17,468	16,188	21,157	16,127	261,100	256,066	391,056	391,046	0	0	0
Proceeds from issuances of treasury stock
1,800	1,700	3,800	3,000	3,800	4,100	2,600	2,300	2,395	2,763	2,404	5,600	5,927	8,293	8,237	6,147	6,019	13,975	15,683	16,259	19,686	25,307	26,224	29,295	33,722	26,638	28,288	41,190	47,512	49,282	57,822	43,416	34,152	37,541	36,215	33,057	28,136	14,092	2,463	2,396	0	0	0
Payments for debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	10,200	10,216	10,216	9,183	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,620	1,620	1,620	1,620	0	0	0	0	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	350,000	350,000	350,000	350,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	70,000	70,000	70,000	70,000	0	0	0	0	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,338	10,449	11,269	15,893	17,820	14,654	14,324	18,872	18,939	16,408	16,209	8,778	8,293	7,553	7,237	1,406	972	943	847	291	251	150	128	139	0	0	0
Net cash provided by (used in) financing activities
51,500	-95,200	-18,700	-531,500	-516,800	-571,600	-644,800	-204,800	-228,287	-222,221	-228,162	-238,100	-292,833	-307,853	-339,236	-209,726	-177,278	-153,705	-115,366	-232,863	-206,526	-190,382	-197,936	-201,346	-207,399	-194,896	-190,534	-152,580	-145,677	-165,262	-171,435	-202,919	-235,466	-254,939	-371,950	-458,063	-456,341	-357,129	-343,784	-249,438	0	0	0
Net change in cash and cash equivalents
155,000	-4,200	18,000	2,500	-1,100	1,600	2,100	1,900	4,303	-19,412	-25,209	-22,400	-59,942	-37,230	-31,872	-23,675	5,442	-7,121	2,336	-2,564	-1,066	15,754	8,087	-1,682	-21,083	-30,450	-8,706	264	12,944	17,495	202	-22,885	-34,201	-38,855	-150,961	-262,636	-74,977	4,154	81,235	250,468	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,033	0	0	0
Net cash provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	167,998	0	0	0
Net cash provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	207,031	0	0	0