Fiesta restaurant group, inc. (FRGI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Apr'18Dec'17Sep'17Jun'17Mar'17Sep'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 income (loss)

-93,992

-84,386

-71,270

-47,041

5,892

7,787

4,969

-5,335

-16,988

-36,232

-23,045

-19,319

-8,243

23,121

35,597

37,930

38,536

38,683

39,893

37,958

36,176

21,635

17,522

13,177

9,257

17,372

15,979

14,931

8,267

5,575

4,348

4,062

9,541

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Loss (gain) on disposals of property and equipment

-7

6

-404

-181

899

757

1,372

1,046

-106

-815

-1,621

-1,685

-1,656

-244

-126

-85

170

196

738

699

369

356

-206

-249

208

176

262

295

-186

-189

-304

-312

-325

0

0

0

Stock-based compensation

2,864

2,844

2,963

3,090

3,372

3,469

3,422

3,631

3,788

3,545

3,416

2,834

2,918

3,724

4,526

4,363

4,293

4,068

3,733

3,717

3,497

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,298

2,112

1,834

1,389

1,834

0

0

0

-

-

-

-

Impairment and other lease charges

17,672

13,101

19,272

22,435

21,468

21,144

9,218

18,706

28,684

61,760

66,118

68,726

58,046

20,508

2,382

2,300

2,382

644

440

472

363

160

-335

89

199

462

729

234

7,039

0

0

0

-

-

0

0

Depreciation and amortization

39,077

39,195

39,216

38,790

38,153

37,604

36,600

35,344

34,770

34,957

36,567

37,597

37,626

35,205

33,288

32,064

30,575

27,930

26,372

24,549

23,047

22,219

21,310

20,910

20,375

19,692

19,049

18,248

18,278

18,657

19,008

19,580

19,537

0

0

0

Amortization of deferred financing costs

271

270

270

270

269

270

324

333

343

352

308

309

309

315

315

315

315

310

309

309

309

524

845

1,166

1,487

1,588

1,583

1,641

1,628

1,667

1,560

1,164

840

0

0

0

Amortization of deferred gains from sale-leaseback transactions

-

-

-

-

-

3,564

3,597

3,598

3,600

3,602

3,599

3,595

3,583

3,592

3,597

3,608

3,618

3,630

3,645

3,663

3,671

3,655

3,599

3,545

3,489

3,423

3,395

3,121

2,328

1,561

799

276

270

0

0

0

Deferred income taxes

-15,100

-10,888

3,138

-4,689

-5,482

-6,830

-21,914

-13,959

-10,368

2,828

16,005

20,526

17,728

0

0

0

-

-

-

-

-957

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in other operating assets and liabilities:
Accretion of interest on lease financing obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

Changes in other operating assets and liabilities

2,985

608

-24,745

-18,895

-606

-36

15,788

12,032

1,739

-288

11,301

3,070

4,016

-8,974

-8,853

-3,864

190

-2,313

-781

-2,247

304

-10,134

-647

-1,595

1,400

5,718

1,052

1,216

1,111

2,085

5,303

7,855

663

0

0

0

Net cash provided by operating activities

61,748

65,032

60,489

67,013

52,662

53,803

47,455

41,727

47,497

50,820

61,975

72,536

74,880

88,741

90,719

86,542

81,352

77,304

72,363

70,030

64,106

61,637

47,193

43,749

36,176

37,006

41,050

37,921

37,975

33,194

34,837

36,350

43,167

0

0

0

Investing activities:
Capital expenditures:
New restaurant development

9,141

11,390

14,229

17,229

20,519

21,445

20,630

19,982

22,921

26,727

37,282

49,152

60,601

68,612

73,139

68,972

70,841

66,998

63,960

62,188

57,102

49,329

37,830

35,645

32,610

35,266

34,572

26,083

23,614

19,359

15,878

15,398

12,576

0

0

0

Restaurant remodeling

3,427

2,573

716

551

420

582

974

2,358

3,136

3,020

4,079

3,230

2,729

3,035

3,762

4,173

4,802

3,676

4,764

6,531

7,588

7,122

5,947

4,100

3,089

5,344

7,188

8,318

8,673

6,874

5,171

4,191

4,435

0

0

0

Other restaurant capital expenditures

16,856

19,335

27,773

27,374

26,584

27,464

25,296

23,849

21,616

17,410

10,150

8,717

7,904

7,142

7,030

7,379

7,714

6,242

5,015

4,788

4,975

5,185

5,367

5,477

5,407

5,769

6,105

6,587

6,917

6,656

6,299

5,759

5,040

0

0

0

Corporate and restaurant information systems

6,369

7,949

9,282

7,079

6,696

8,359

10,350

10,812

11,687

8,709

6,350

5,181

6,014

5,605

5,977

4,580

4,213

4,444

4,216

3,600

4,414

5,536

6,136

6,680

5,919

4,538

3,476

2,817

1,792

1,149

939

935

814

0

0

0

Payments to Acquire Productive Assets

35,793

41,247

52,000

52,233

54,219

57,850

57,250

57,001

59,360

55,866

57,861

66,280

77,248

84,394

89,908

85,104

87,570

81,360

77,955

77,107

74,079

67,172

55,280

51,902

47,025

50,917

51,341

43,805

40,996

34,038

28,287

26,283

22,865

0

0

0

Properties purchased for sale-leaseback

-

-

-

-

-

-

-

-

-

-

-

-

-

2,913

2,913

2,913

250

0

0

0

-

-

-

-

4,438

4,438

2,982

1,277

2,082

0

0

0

-

-

-

-

Proceeds from disposals of properties

0

1,774

1,841

1,841

4,704

4,743

5,050

5,050

2,187

374

0

0

-10

226

236

385

149

149

841

702

1,729

1,729

1,027

1,027

1,734

3,226

4,160

4,160

2,426

0

0

0

-

-

-

-

Proceeds from insurance recoveries

-

-

-

-

-

983

813

531

180

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale-leaseback transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,692

10,580

15,960

18,843

15,662

17,217

13,328

10,457

7,934

1,491

2,771

5,922

7,783

0

0

0

Net cash used in investing activities

-35,751

-39,431

-49,947

-49,940

-48,712

-52,124

-51,387

-51,420

-56,993

-55,492

-57,861

-66,280

-73,616

-83,439

-88,943

-87,632

-87,671

-81,211

-77,114

-76,417

-66,658

-54,863

-39,749

-35,193

-34,067

-34,912

-36,835

-30,465

-32,718

-33,695

-27,598

-22,443

-15,082

0

0

0

Financing activities:
Excess tax benefit from vesting of restricted shares

-

-

-

-

-

-

-

-

-

-

-

-

-

250

670

770

1,566

1,564

1,466

1,603

1,765

1,767

1,704

1,915

865

0

0

0

-

-

-

-

-

-

-

-

Borrowings from (payments to) former parent, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

-4,961

-127,458

-136,235

-138,953

0

0

0

Capital contribution from former parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

0

0

0

-

-

-

-

Borrowings on revolving credit facility

92,420

32,000

29,000

22,000

22,000

26,000

102,000

101,000

101,000

91,000

11,000

14,000

17,000

19,400

21,900

27,900

28,500

25,500

25,000

24,000

25,000

104,000

97,000

89,000

81,000

0

0

0

-

-

-

-

-

-

-

-

Repayments on revolving credit facility

103,420

35,000

30,000

34,000

20,000

23,000

92,900

88,900

93,900

85,900

16,000

21,000

15,000

21,000

25,000

27,000

23,500

24,000

20,000

18,000

30,000

38,000

31,000

25,000

10,000

0

0

0

-

-

-

-

-

-

-

-

Principal payments on finance leases

195

164

134

109

104

101

98

96

89

88

87

85

79

62

56

50

53

57

56

62

61

57

58

58

59

60

61

60

59

59

58

57

56

0

0

0

Financing costs associated with issuance of debt

-

-

-

-

-

150

1,087

1,087

1,087

937

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to purchase treasury stock

15,811

14,282

11,642

4,016

4,619

2,769

2,484

952

349

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13

-6

-6

-6

-15

-15

-15

-15

0

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-27,006

-17,446

-12,776

-16,125

-2,723

-20

5,431

9,965

5,575

4,075

-4,732

-6,639

2,395

-1,412

-2,486

1,620

6,513

3,000

6,403

7,504

-3,339

-10,781

-10,845

-12,604

-6,664

694

320

-5,729

-3,394

-5,508

-10,210

-11,781

-16,998

0

0

0

Net change in cash

-1,009

8,155

-2,234

948

1,227

1,659

1,499

272

-3,921

-597

-618

-383

3,659

3,890

-710

530

194

-907

1,652

1,117

-5,891

-4,007

-3,401

-4,048

-4,555

2,788

4,535

1,727

1,863

-6,009

-2,971

2,126

11,087

0

0

0

Supplemental disclosures:
Supplemental disclosures:
Interest paid on long-term debt

3,651

4,395

4,561

4,722

4,677

3,508

3,112

2,729

2,357

2,363

2,230

2,095

1,916

1,878

1,850

1,803

1,748

1,741

1,814

1,919

1,971

7,028

15,418

15,016

23,707

18,203

18,310

18,453

18,699

0

0

0

-

-

-

-

Interest paid on lease financing obligations

-

-

-

-

-

-

-

-

-

83

118

141

142

0

0

0

-

-

-

-

-

-

-

-

137

255

310

1,517

4,207

7,124

9,655

11,192

11,240

0

0

0

Accruals for capital expenditures

1,669

4,097

4,051

5,827

7,352

6,191

5,797

8,974

5,083

8,409

3,647

5,067

4,278

9,124

6,138

7,610

4,858

6,101

7,087

5,968

2,889

2,999

77

3,835

3,009

2,346

3,617

1,434

802

225

461

-104

161

0

0

0

Income tax payments (refunds), net

-16,572

-15,557

-15,341

-14,710

-3,122

-3,081

-3,260

-3,533

3,000

3,103

3,336

7,084

9,677

13,911

13,477

18,543

17,472

19,377

21,577

17,835

18,718

12,540

8,518

7,207

7,204

7,959

6,380

3,545

3,454

0

0

0

-

-

-

-

Right-of-use assets obtained in exchange for lease liabilities:
Operating lease ROU assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease ROU assets

528

495

495

304

0

322

322

322

322

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets and lease liabilities reduced for terminated leases:
Operating lease ROU assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use assets obtained and lease liabilities incurred as a result of adoption of ASC 842:
Operating lease ROU assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-