Gnc holdings, inc. (GNC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net loss

-200,086

-33,490

-2,418

16,058

-15,262

58,839

-8,590

13,341

6,190

-212,706

21,056

16,644

24,744

-432,416

32,354

64,028

50,815

42,922

45,750

67,357

63,270

51,768

64,314

69,887

69,903

47,657

73,033

71,688

72,643

47,439

62,229

66,671

63,857

37,743

48,663

36,004

9,923

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization expense

7,858

8,252

8,466

8,514

10,190

11,103

11,896

12,001

12,105

13,121

12,834

14,115

16,739

16,491

15,338

14,164

14,045

14,137

14,472

14,198

14,430

14,919

14,017

13,973

13,428

13,892

12,791

12,582

12,549

12,781

12,147

11,994

12,335

12,446

11,453

11,406

11,485

Loss (income) from equity method investments

-39,643

1,104

1,117

2,120

955

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt costs

16,814

4,260

4,127

4,376

7,988

8,616

5,558

5,416

3,609

3,267

3,291

3,314

3,288

3,279

3,174

3,146

3,099

2,883

2,613

462

463

386

448

447

448

-

629

629

629

-

645

584

582

561

559

632

1,004

Stock-based compensation

1,372

220

1,351

1,658

1,334

1,706

1,628

1,962

1,512

2,334

3,316

1,299

1,410

1,642

4,242

1,530

1,419

1,533

1,667

1,775

1,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt refinancing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-4,897

-14,958

Long-lived asset impairments and other store closing costs

157,500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on forward contracts for the issuance of convertible preferred stock

0

-

-

-

-16,787

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in provision for inventory losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,734

6,092

4,303

-

4,325

4,997

3,993

4,165

2,348

3,757

2,797

4,163

5,735

4,279

4,568

Gains on refranchising

-

-

-

-

-

-

68

208

0

-

190

0

124

-2,241

383

16,885

1,015

5,144

945

1,153

338

278

7,380

-1

2,283

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt refinancing

-

-

-

-

-

0

0

0

-16,740

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on net asset exchange for the formation of the joint ventures

-1,655

0

0

-1,779

-19,514

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense recognized on interest rate swap

-10,810

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on forward contracts for the issuance of convertible preferred stock

-

-

-

-

-

88,942

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Third-party fees associated with refinancing

-

-

-

-

-

0

0

569

15,753

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-47,677

-

-

-

-5,064

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

2,107

-

-

-

21

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Decrease (increase) in receivables

-17,824

-522

533

-8,167

12,567

-4,722

8,192

9,728

-11,840

1,652

12,023

-7,337

-5,890

-7,534

11,602

2,281

-17,402

-6,697

5,816

2,056

-1,597

-4,032

-4,172

-8,076

6,514

-9,765

9,619

4,530

9,418

-6,526

8,224

4,594

10,455

-1,905

15,816

-2,696

2,085

Decrease (increase) in inventory

-17,578

-8,300

-10,424

-6,180

6,886

-22,551

-3,407

-13,565

22,766

-27,150

-30,714

-30,960

15,921

-39,038

18,687

40,052

13,021

6,656

-12,385

11,290

-10,942

-38,424

12,722

31,958

17,833

-11,869

4,430

38,816

23,058

1,765

-12,449

34,758

55,884

10,501

5,534

85

40,799

Increase in prepaid and other current assets

8,401

10,305

1,717

-4,532

3,658

-21,239

3,377

-6,298

9,473

324

3,288

-9,954

11,871

7,530

-6,373

2,659

9,056

-9,860

4,460

-6,354

10,978

7,638

-6,386

2,477

-5,989

1,669

-6,214

-3,052

5,049

609

-2,869

-3,313

1,614

5,235

767

-4,556

1,337

Increase in accounts payable

3,346

-4,298

23,909

-32,836

57,722

-10,211

109

-15,040

21,791

-4,228

18,875

-66,018

27,411

-8,720

-1,051

-4,613

41,364

7,684

-2,858

-4,933

22,482

-17,841

-3,485

-9,577

21,925

-29,463

3,642

19,193

13,256

8,506

-42,330

-2,998

37,473

-12,912

5,997

-27,445

57,603

Decrease in deferred revenue and accrued liabilities

-22,686

-

-3,375

-10,518

4,437

-

-9,548

-1,405

388

-

-

-10,426

-5,660

-

6,957

-26,692

33,250

-1,794

-52

-1,289

12,976

3,979

8,685

-29,093

28,926

-14,886

229

-40,849

27,599

7,674

7,337

-17,837

19,221

-

-

-

-

Decrease in net lease liabilities

-7,035

-6,498

-6,826

-10,071

-8,485

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in deferred revenue and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,565

Other operating activities

-1,492

4,007

725

580

-3,637

1,439

832

1,563

1,111

-2,265

-2,077

-212

-197

-165

902

1,122

-4,023

-7,222

545

2,167

-788

5,290

-5,017

-4,825

-4,340

9,988

-3,085

-3,359

-2,383

4,515

384

3,982

-2,404

3,439

-2,841

2,106

-1,724

Net cash (used in) provided by operating activities

-12,085

-1,118

32,315

-3,388

68,711

40,179

6,547

24,070

25,072

70,940

76,718

26,747

46,103

38,451

38,858

-11,436

142,325

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67,258

116,937

-

85,186

30,196

122,632

23,298

89,316

31,305

95,527

81,021

49,086

22,150

70,716

28,294

66,863

14,908

64,609

Cash flows from investing activities:
Capital expenditures

3,858

4,218

4,473

3,443

3,017

5,626

5,022

4,601

3,732

5,913

5,813

6,491

13,906

24,211

14,559

10,267

10,542

15,395

10,301

12,612

7,519

15,219

19,136

23,251

12,849

16,616

12,156

11,558

9,917

12,074

9,018

11,618

9,220

16,009

11,353

8,687

7,768

Refranchising proceeds, net of store acquisition costs

180

-

-

-

667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Refranchising proceeds, net of store acquisition costs

-

-

-

-

-

-

-

710

465

-1,416

1,250

816

1,344

8,871

28,475

1,001

830

1,486

837

500

551

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Store acquisition costs

-

-

-

-

-

-

-

2

116

-

1,498

334

98

100

523

876

519

589

1,645

684

278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from net asset exchange

18,211

-

-1,779

0

101,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contribution to the newly formed joint ventures

0

0

0

0

13,079

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities

14,533

-3,885

-5,710

-2,590

85,571

-5,028

-4,163

-3,893

-3,383

968

-6,061

-6,009

-12,660

-15,440

13,393

-10,142

-10,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-281

-338

-12

-168

-561

512

682

-691

71

507

1,388

450

15

814

608

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,796

-7,246

-

-18,855

-29,315

-12,837

-44,010

-11,595

-12,070

-10,599

-11,383

-9,089

-12,125

-10,608

-15,301

-32,366

-9,501

-8,376

Cash flows from financing activities:
Borrowings under revolving credit facility

30,000

0

0

0

22,000

148,500

157,500

54,000

50,000

140,000

26,500

87,000

64,000

37,500

15,000

92,000

90,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on revolving credit facility

0

0

0

0

22,000

148,500

157,500

71,500

32,500

188,000

109,500

56,000

91,000

47,500

63,000

40,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of convertible preferred stock

0

0

0

0

199,950

100,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on term loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,137

1,137

1,138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred fees associated with pending equity transaction

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,196,200

Proceeds from issuance of convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,199

-

1,203

1,364

1,676

529

957

950

943

932

924

418

415

407

401

300,394

1,054,771

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

115

0

0

1,712

0

8,225

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Original issuance discount and revolving credit facility fees

0

0

0

0

10,365

0

0

19

35,216

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fees associated with the issuance of convertible preferred stock

0

0

0

250

12,564

144

3,217

-1,957

2,183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

17,346

Proceeds from Stock Options Exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

10

38

13

292

146

522

179

896

1,984

18,278

409

1,499

4,306

4,002

1,938

4,342

2,132

4,300

6,604

12,936

-

-

-

-

Gross excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

122

155

320

1,239

958

635

911

4,406

3,993

1,884

5,086

1,863

6,702

8,278

20,625

-

-

-

-

Minimum tax withholding requirements

54

0

5

108

120

0

-2,718

2,791

223

1

5

18

229

43

504

103

519

193

-42

207

216

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

28,167

201,002

200,001

115,000

104,241

60,557

52,881

40,192

40,153

150,000

70,849

57,096

120,000

61,310

0

300,030

54,075

5,885

-

-

-

-

Payments of Ordinary Dividends, Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

13,723

13,639

13,700

14,274

13,743

14,887

15,261

15,756

14,204

14,327

14,405

14,555

14,128

14,231

14,350

14,728

10,916

10,891

11,912

11,497

-

-

-

-

Net cash provided by (used) in financing activities

18,227

0

-5

-34,840

-84,411

-1,281

-12,337

-30,190

-31,960

-48,001

-83,005

-8,733

-28,367

-25,009

-63,236

9,062

-128,353

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-277

192

-636

-406

22

6

-52

-505

141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

20,398

-4,811

25,964

-41,224

69,893

33,876

-10,005

-10,518

-10,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing activities:
Other financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2,500

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-120,576

-76,512

-

-36,486

-54,878

-163,821

169,034

-64,289

-131,478

-67,553

-8,040

-102,991

-51,523

13,264

-30,586

14,166

-281,311

124,083

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

467

122

332

-741

-32

-263

796

-965

-712

-34

-87

124

-147

-112

463

217

221

104

248

148

-378

91

-236

-76

-526

17

-361

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-11,881

12,127

5,408

-2,739

-11,017

-12,779

4,537

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-66,148

33,092

-

29,698

-54,109

-53,563

148,539

13,653

-112,139

17,623

61,746

-63,372

-41,407

73,136

-17,669

48,137

-275,887

179,955

Capital expenditures in current liabilities

-

-

-

-

-

61

57

-83

1,203

-

-

-

-

4,124

718

-157

2,871

3,901

-599

586

2,130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net assets contributed to the joint ventures (Note 8)

0

-

-

-

202,487

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash financing activities:
Accrued treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,939

-

-

-

1,783

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tranche B-1
Payments on term loan facility

0

-

0

0

147,312

-

1,138

1,137

1,138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tranche B-2
Payments on term loan facility

11,719

-

0

9,774

114,000

-

10,700

10,700

10,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-