Freds inc (FRED)
CashFlow / Quarterly
May'19Feb'19Oct'18Jul'18May'18Apr'18Feb'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
Cash flows from operating activities:
Net loss

-29,543

-67,234

-27,170

-22,924

-21,963

-19,855

-25,370

-

-52,482

-28,916

-37,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-38,393

-6,928

1,256

-

1,436

-4,877

-29

-8,154

-10,434

-16,434

6,118

3,966

7,308

3,330

11,411

6,556

6,561

6,054

10,458

9,796

9,032

5,086

9,514

Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation and amortization

5,104

7,254

4,177

9,798

8,314

10,044

-

16,247

4,756

10,686

10,891

8,688

12,002

11,761

11,563

9,313

11,397

11,507

10,883

10,721

10,259

10,210

9,839

9,588

10,631

10,527

10,301

10,823

9,880

9,474

9,364

9,878

8,409

8,130

7,773

Net gain on asset disposition

-310

3,187

54

396

-13

-13

-

135

16

77

47

455

711

-280

-40

230

2,550

64

43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairments

284

31,471

1,608

164

-

0

-

3,070

18,584

2,199

0

1,248

24,037

0

77

1,061

0

0

315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on asset disposition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

607

-

783

450

213

450

472

-438

-13

3,080

-66

-34

-219

Benefit for store closures and asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

145

-

-

-

-

-

-

-

-

-

-

-

-

Provision (benefit) for store closures and asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

-927

893

-

-14

-67

24

-39

-34

-47

232

Stock-based compensation

522

572

462

999

1,246

1,246

-

-21

1,610

1,902

1,128

6,566

713

742

754

526

793

709

219

471

598

699

665

-153

730

638

576

613

376

557

509

737

441

456

441

(Recovery) for uncollectible receivables

1,010

792

-912

425

-330

-330

-

-278

345

-286

-22

122

-274

-502

-265

-237

-421

480

344

1,086

-943

1,125

115

-533

465

181

-10

275

-96

236

212

-

-

-

-

Provision for uncollectible receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

LIFO reserve increase

-1,509

-

2,522

701

-530

-530

-

638

1,999

-389

-970

1,913

2,091

157

930

3,988

276

2,877

404

2,366

257

1,494

617

2,622

-612

817

1,699

963

1,165

29

1,780

1,194

506

-371

1,463

Deferred income tax benefit

-15

123

-11

-12

-

0

-

-3,369

301

0

985

2,266

-5,695

-2,963

-1,380

2,995

-315

-3,351

-160

-4,298

-1,577

-5,790

-1,624

-2,195

-2,148

-22

-800

-1,142

583

-605

581

3,716

2,119

-2

629

Income tax benefit (charge) upon exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

0

-214

67

-10

-4

-54

-43

-12

-3

35

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

225

162

309

0

123

123

-

91

91

47

44

26

26

27

26

26

27

531

-430

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in operating assets:
Income tax benefit upon exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

-

-

-

-

Income tax benefit upon exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

Trade and non-trade receivables

519

-10,159

-1,486

2,761

-5,734

-5,734

-

-2,312

5,348

-16,183

9,497

3,494

-4,576

100

-5

-2,241

-2,864

-13,816

22,491

-6,989

6,504

-1,695

27

3,601

3,012

512

-1,912

8,886

2,783

-5,573

2,127

1,346

6,701

2,525

-2,259

Insurance receivables

-

-

0

0

-

0

-

119

-440

-6

51

-78

620

-248

-225

65

47

0

189

425

16

0

0

0

-360

62

0

-219

26

464

2

-179

0

-30

4

Inventories

-26,566

7,557

-10,049

-28,338

13,316

13,316

-

-34,227

16,511

-17,333

6,100

-33,643

38,571

-4,047

10,758

-25,438

46,600

-1,988

11,177

-32,577

10,105

-27,293

21,361

-19,191

36,604

-21,082

18,622

-38,304

53,565

-20,227

30,220

-44,414

52,485

-6,282

19,613

Other assets

93,814

-331

-1,005

1,453

475

475

-

-827

265

-6,816

395

-1,270

1,741

-990

-76

-2,152

1,158

-704

-1,247

-377

858

-1,309

408

-2,197

2,909

-525

-76

1,422

4,716

-5,422

-101

-1,895

3,676

-1,040

-1,348

Increase (decrease) in operating liabilities:
Accounts payable and accrued expenses

24,567

-19,366

-14,188

-17,047

8,869

8,869

-

-15,802

12,735

-2,747

10,897

-73,122

81,660

-40,455

3,953

-63,624

92,615

3,156

791

-23,225

45,161

-23,864

18,617

-25,353

49,072

-14,635

3,751

-36,915

48,921

-7,972

4,034

-43,499

53,952

-4,699

19,710

Income taxes receivable

10

193

81

-216

1,197

1,197

23

-

0

-28

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

6,992

-3,021

1,455

1,749

-774

763

-3,700

12,143

-3,188

-4,473

-8,670

2,648

-

679

-4,749

3,484

6,012

-1,479

-7,225

5,319

-1,029

-1,398

-1,423

2,131

Other noncurrent liabilities

52,636

-5,380

-842

-2,667

-1,638

-1,638

-

-2,127

-1,073

-656

9,763

-1,941

2,103

-1,627

-1,377

-4,655

4,858

-786

-1,678

-3,034

12,607

-1,754

2,483

-3,136

3,318

-2,315

3,119

-5,774

2,515

-3,937

1,009

-1,100

3,707

-1,311

505

Net cash used in operating activities of continuing operations

-14,166

-54,076

-21,478

-7,051

-12,756

-8,918

-10,797

-

-34,834

22,073

-21,145

-

-

-32,868

6,874

-

63,936

22,560

-9,635

13,752

32,799

276

16,876

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,472

13,425

17,612

-

6,819

27,775

1,081

21,995

13,998

10,786

26,551

Cash flows from investing activities of continuing operations:
Cash flows from investing activities of continuing operations:
Capital expenditures

1,444

1,482

2,602

2,453

2,468

2,468

-

3,335

5,140

5,155

2,123

3,625

7,189

8,517

4,609

7,239

5,260

4,735

5,566

5,423

6,585

2,881

8,419

12,865

5,263

5,393

2,397

7,139

5,116

2,636

5,312

8,085

6,126

927

1,632

Capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,210

-

6,629

7,099

6,854

8,354

6,968

6,020

6,049

8,210

10,099

12,322

15,050

Proceeds from asset dispositions

90

-

-

-

-

-

-

930

4

13

1,259

751

1,442

411

15

346

3,155

136

110

351

703

2,964

843

3,009

1,013

1,530

715

645

633

301

14

3,235

102

6

11

Insurance recoveries for replacement assets

-

-

-

-

-

-

-

-

-

-

-

100

53

0

263

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset acquisitions, net (primarily intangibles)

-

-

-

-

-

-

-

-135

0

0

1,853

766

2,777

5,457

3,700

3,876

6,187

3,740

2,793

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities of continuing operations

-1,354

-

-

-

-2,468

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,703

-10,962

-8,536

-

-11,451

-8,355

-11,347

-13,060

-16,123

-13,243

-16,671

Acquisition of Reeves-Sain Drug Store, Inc., net of cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51,872

-7

-48

42,805

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities of continuing operations

-

213,987

-1,820

-1,032

-

-2,468

-2,151

-

-5,136

-5,142

-2,717

-

-

-13,563

-8,031

-

-8,285

-8,291

-51,054

-14,355

-17,659

-11,252

-12,786

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities of continuing operations:
Payments of indebtedness and capital lease obligations

17

16

16

16

16

16

-

14

16

14

15

15

14

13

579

22

22

21

489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of indebtedness and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

408

744

114

403

88

88

88

213

107

106

Proceeds from revolving line of credit

215,211

198,469

164,537

150,161

228,043

228,043

-

194,953

250,785

227,350

237,093

301,112

199,101

268,350

222,402

308,547

177,613

202,992

248,012

71,511

79,414

157,184

146,970

42,652

22,016

84,727

85,918

78,444

0

0

0

-

-

-

-

Payments on revolving line of credit

193,186

306,768

146,058

163,116

219,460

219,460

-

196,016

221,291

245,004

208,770

249,782

227,100

220,423

217,657

270,220

231,457

215,319

185,685

67,668

92,393

144,213

146,962

42,632

22,008

84,746

92,893

71,547

0

0

0

-

-

-

-

Debt issuance costs

260

1

122

37

256

256

-

108

32

-3,923

4,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds (payments) from exercise of stock options and employee stock purchase plan

-

-

-

-

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfer (to) from discontinued operations

4,397

-

-

-

-6,767

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of indebtedness and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-933

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax charges from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

214

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-6

-9

Excess tax charges from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-54

-

-12

-3

35

-

-31

35

26

-

-

-

-

Proceeds (payments) from exercise of stock options and employee stock purchase plan

-

-

-

-

-

-31

-

-

-

-

-115

248

54

176

75

119

144

234

1,965

-1,224

140

170

452

364

148

308

548

172

202

325

410

164

76

116

95

Transfer from discontinued operations

-

-

5,358

20,594

-

2,929

-

-

12,132

-1,758

3,139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of shares

-

-

-

-

-

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,120

7,056

0

22,630

5,827

25

Cash dividends paid

-

-

0

0

-

0

-

0

2,283

2,284

2,280

2,249

2,241

2,246

2,233

2,243

2,238

2,229

2,219

2,215

2,213

2,211

2,207

2,209

2,212

2,205

2,204

9,172

2,200

2,200

2,285

1,850

1,927

1,971

1,965

Net cash (used in ) provided by financing activities of continuing operations

17,351

-160,740

23,699

7,468

15,047

11,209

1,864

-

39,350

-17,839

24,672

-

-

45,844

2,008

-

-55,972

-14,424

61,368

-552

-15,633

10,875

-2,626

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in cash and cash equivalents

1,831

-

-

-

-177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flow from discontinued operations
Cash flows from operating activities of discontinued operations, net

-4,397

-7,670

5,359

-17,995

6,449

2,611

-

-5,380

12,295

-1,527

3,159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities of discontinued operations, net

-

-38,906

-1

38,907

-

0

-

-406

-163

-231

-20

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities of discontinued operations, net

4,397

46,576

-5,358

-20,594

-6,767

-2,929

-

5,786

-12,132

1,758

-3,139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,121

-2,321

-9,410

-

-2,370

-4,118

-9,045

-1,783

-24,697

-7,795

-2,010

Net increase (decrease) in cash and cash equivalents

1,831

-829

401

-615

-495

-177

-

1,461

-620

-908

810

138

-489

-587

851

-726

-321

-155

679

-1,155

-493

-101

1,464

-14,860

13,648

142

-334

-7,990

-7,002

15,302

-19,311

7,152

-26,822

-10,252

7,870

Net decrease in cash and cash equivalents

-

-

401

-297

-

-495

-

718

-620

-908

810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

1,831

-829

401

-615

-495

-177

-

1,461

-620

-908

810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

1,831

-829

401

-615

-495

-177

-

1,461

-620

-908

810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

401

-297

-

-495

-

718

-620

-908

810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosures of cash flow information:
Interest paid

1,114

1,966

2,300

1,493

6,297

1,988

-

1,926

1,647

1,437

1,287

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

515

-

352

449

262

99

107

163

135

110

113

129

135

147

129

136

137

134

100

93

70

Income taxes refunded

-

-1,648

430

788

-1,721

-1,218

-

281

-606

-227

-1,169

-8,213

779

-2,990

518

-3,841

-12,919

3,705

144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,120

-

4,872

6,768

3,144

2,803

4,593

7,241

810

1,622

4,294

6,131

1,079

Acquisition related note payable, see Note 11 - Business Combinations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

13,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition related contingent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Assets acquired through term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,497

Restricted stock issued for the aquistion of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

135