| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | ||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
12,642 | 9,832 | 12,445 | -10,632 | 3,774 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Depreciation of property and equipment | ||||||
11,788 | 10,599 | 11,371 | 10,649 | 10,287 | ||
Amortization of intangible and other assets | ||||||
1,782 | - | - | - | 2,562 | ||
Amortization of debt issuance costs and bond discounts | ||||||
502 | - | - | - | 762 | ||
Debt extinguishment and modification costs | ||||||
198 | 0 | 472 | 5,162 | 0 | ||
Loss on disposal of assets | ||||||
-1,053 | - | -85 | -233 | -182 | ||
Share-based compensation | ||||||
20,277 | 5,586 | 2,892 | 22,750 | 211 | ||
Provision for accounts receivable | ||||||
848 | 202 | 309 | 581 | 1,483 | ||
Deferred income taxes | ||||||
-1,801 | 83 | 3,576 | -4,223 | 1,436 | ||
Other | ||||||
-2 | - | - | - | 0 | ||
Changes in operating assets and liabilities: | ||||||
Changes in operating assets and liabilities: | ||||||
Independent operator and other accounts receivable | ||||||
3,219 | 6,462 | 397 | -3,239 | 29 | ||
Merchandise inventories | ||||||
-31,073 | 13,001 | 3,704 | -9,806 | 14,216 | ||
Prepaid expenses and other current assets | ||||||
-847 | -4,769 | 232 | 5,027 | -988 | ||
Income and other taxes payable | ||||||
722 | 607 | 2,044 | -1,021 | -439 | ||
Trade accounts payable, accrued compensation and other accrued expenses | ||||||
-14,412 | 2,366 | 16,613 | -10,140 | 13,760 | ||
Changes in operating lease assets and liabilities, net | ||||||
-5,518 | - | 5,320 | 16,723 | -1,479 | ||
Net cash provided by operating activities | ||||||
67,820 | 28,345 | 64,772 | 17,478 | 22,240 | ||
Cash flows from investing activities: | ||||||
Cash advances to independent operators | ||||||
1,485 | 3,449 | 3,689 | 3,502 | 2,171 | ||
Repayments of cash advances from independent operators | ||||||
1,136 | 1,366 | 1,081 | 1,133 | 893 | ||
Purchase of property and equipment | ||||||
28,173 | 25,770 | 31,618 | 21,407 | 18,399 | ||
Proceeds from sales of assets | ||||||
79 | -94 | 69 | 210 | 401 | ||
Intangible assets and licenses | ||||||
1,350 | 139 | 1,253 | 960 | 721 | ||
Net cash used in investing activities | ||||||
-29,793 | -28,086 | -35,410 | -24,526 | -19,997 | ||
Cash flows from financing activities: | ||||||
Proceeds from exercise of share-based compensation awards | ||||||
6,033 | 3,474 | 656 | 314 | 0 | ||
Proceeds from loans | ||||||
90,000 | - | - | - | 0 | ||
Other direct costs paid related to the initial public offering | ||||||
0 | - | 0 | -1,442 | 1,442 | ||
Principal payments on term loans | ||||||
187 | 15,000 | 0 | 398,000 | 1,813 | ||
Principal payments on other borrowings | ||||||
191 | 246 | 169 | 249 | 201 | ||
Dividends paid | ||||||
147 | 3,266 | 42 | 83 | 254 | ||
Debt issuance costs paid | ||||||
700 | 0 | 679 | 11 | 0 | ||
Net cash provided by (used in) financing activities | ||||||
94,808 | -16,178 | -4,019 | 6,129 | -3,710 | ||
Net increase in cash and cash equivalents | ||||||
132,835 | -15,919 | 25,343 | -919 | -1,467 | ||