International speedway corporation (ISCA)
CashFlow / Quarterly
Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10
OPERATING ACTIVITIES
Net income

13,106

15,073

21,555

27,237

12,031

16,669

169,347

76,058

265

13,227

21,273

32,436

2,173

21,898

19,831

32,282

-3,956

13,355

14,953

25,824

191

21,469

19,895

17,205

-7,866

22,440

13,513

24,736

-1,037

13,740

17,139

26,466

9,650

11,873

21,435

15,220

3,609

10,262

25,440

Adjustments to reconcile net income to net cash provided by operating activities:
Gain on assumption of controlling interest in equity investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,447

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

28,386

28,809

29,259

27,194

26,027

26,859

26,739

27,150

27,813

28,269

26,501

25,128

25,996

25,986

25,046

21,737

24,224

24,757

24,009

22,353

22,438

22,788

22,773

27,327

27,162

19,658

19,842

19,878

19,366

19,167

19,459

19,706

18,985

19,034

19,146

18,771

18,910

18,425

18,359

Stock-based compensation

901

855

808

1,019

858

810

775

223

801

966

741

1,315

859

783

749

750

756

732

706

937

770

690

429

646

799

565

523

528

537

490

319

400

436

310

320

427

559

372

461

Amortization of financing costs

413

413

414

414

190

403

403

419

422

419

422

417

441

445

442

454

444

444

445

446

445

444

444

341

338

233

485

384

332

540

349

368

357

367

306

214

166

164

127

Interest and other consideration received on Staten Island note receivable

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,162

1,162

1,162

1,162

1,162

728

4,359

-214

214

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,233

1,273

Deferred income taxes

18,972

-176

-118

-2,874

4,070

1,185

-138,055

-12,442

1,709

-1,211

-2,009

12,931

3,613

5,314

51,078

-3,130

-15,551

-29

3,032

14,183

-19,142

-13,593

6,206

19,328

14,808

1,166

710

4,141

1,332

298

6,413

15,625

4,302

5,611

10,150

19,280

266

1,048

2,205

Income from equity investments

7,032

6,425

5,512

5,328

5,790

6,351

4,308

5,040

4,645

5,799

3,627

3,428

3,346

4,169

3,970

2,828

3,486

4,502

3,244

2,172

2,330

2,795

1,619

2,289

2,894

3,231

1,020

795

868

1,395

-301

-1,361

-1,843

-747

-226

-270

-85

-474

-1,075

Distribution from equity investee

7,194

6,850

5,800

5,609

6,185

6,517

4,621

5,338

5,086

5,933

3,917

3,720

3,633

4,457

4,257

3,115

3,773

4,801

3,520

2,470

2,618

3,082

1,906

209

3,182

4,825

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on retirements of long-lived assets, non-cash

760

640

381

933

937

1,439

1,162

9,117

127

374

30

1,507

-4

-15

911

3,062

49

0

379

2,026

351

249

18

3,285

5,554

465

719

2,575

-223

5,653

50

1,568

247

0

2,872

7,798

405

433

223

Other, net

695

-97

126

269

106

-284

517

-34

310

-97

-2

52

-2

207

20

100

-42

638

6

-269

7

-134

16

-67

60

-11

44

9

-78

94

804

-123

-465

50

-13

-365

-37

7

-3

Changes in operating assets and liabilities:
Receivables, net

6,971

-44,147

43,534

-7,532

-2,235

-51,717

67,048

-7,965

-10,636

-46,171

66,596

-7,401

1,696

-66,033

65,071

7,200

-14,452

-33,917

55,683

-6,508

-12,827

-33,407

54,518

-8,308

-14,556

-30,183

48,127

-5,763

-11,595

-41,671

53,761

-9,527

2,686

-68,236

77,240

-4,456

-10,071

-79,645

86,173

Prepaid expenses and other assets

-6,300

1,682

14,668

1,078

-3,005

-2,282

18,803

-10,948

5,070

483

6,931

-4,303

8,208

408

10,438

-11,490

1,323

1,953

3,748

-11,571

1,465

-3,614

11,743

-10,890

2,839

-3,510

12,040

-12,874

4,461

-3,052

10,499

-12,391

-5,909

13,641

5,260

-

-

-

-

Inventories, prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,506

7,154

Accounts payable and other liabilities

6,092

-4,347

1,575

-131

4,667

-4,763

-2,601

1,796

2,113

-7,708

-3,197

4,282

5,773

-729

-4,489

5,122

3,564

-5,795

2,237

-1,601

3,486

-4,766

2,364

-768

4,130

-5,820

6,116

1,752

2,825

-8,378

1,280

-8,575

14,147

-12,152

5,931

-16,950

7,444

-10,510

765

Deferred income

-8,340

7,918

34,324

-35,968

-20,124

-5,322

59,018

-46,095

-3,999

-3,923

55,385

-44,894

-9,724

-7,454

62,264

-45,917

-1,358

-1,733

51,629

-43,941

-3,638

5,266

40,621

-43,789

-6,286

-4,582

45,667

-39,438

-4,959

-8,315

49,689

-39,083

-27,836

23,724

38,240

-37,564

-26,166

-8,253

56,326

Income taxes

-19,539

-7,544

7,120

11,591

-6,202

15,863

3,150

-18,429

-6,965

-9,443

13,562

2,200

-4,135

-5,328

8,518

14,652

-2,316

-12,388

5,339

-2,688

-395

-1,927

16,051

803

-20,338

-2,499

8,318

4,961

-9,084

482

1,296

6,556

1,861

1,086

3,635

-22,850

3,185

-6,186

-545

Net cash provided by operating activities

39,547

84,628

37,278

35,881

27,983

107,592

33,883

57,042

27,983

66,889

39,473

47,266

15,377

92,975

90,270

34,651

20,476

52,130

44,730

36,913

20,508

67,848

37,578

41,563

30,246

66,924

34,662

37,350

15,433

66,911

31,231

46,433

27,680

105,145

19,774

3,185

12,222

84,608

12,379

INVESTING ACTIVITIES
Capital expenditures

22,983

17,553

25,009

37,612

57,161

56,737

8,282

67,574

36,991

18,976

21,592

30,559

28,456

27,189

54,589

49,279

29,809

32,510

43,418

51,450

57,778

43,461

31,247

38,659

25,248

15,526

6,106

34,224

22,556

13,296

12,796

21,714

29,833

13,602

11,699

31,190

23,595

27,249

23,900

Proceeds from short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

600

-400

200

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

400

-400

200

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-1,200

-2,874

-5,069

Distribution from equity investee

1,332

-260

382

-

2,192

-142

629

-

4,164

-333

333

-

5,017

1,393

243

-

7,477

3,199

1,980

-

2,882

2,418

2,594

-

818

175

4,500

-

0

0

0

-

-

-

-

-

-

-

-

Equity investments and advances to affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

0

990

50,566

22,754

15,696

21,864

311

10,191

7,180

51

14,123

Cash included in assumption of ownership interest in equity investee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,686

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of Staten Island property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-214

214

6,100

-

5,322

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

0

0

30

-

12

107

311

-

330

14

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of assets

-1

0

7,969

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

1

-1

280

0

0

0

0

-4

5

3

5

0

4

50

-48

108

-60

-40

-3

-7

223

-13

-235

-504

-31

-111

0

-15

0

-158

-1,250

-

-

-

-

-

-

-

-

Net cash used in investing activities

-21,651

-17,812

-32,846

-16,371

-54,957

-56,772

-7,342

-66,152

-32,649

-19,298

-21,264

-27,291

-23,573

41,354

-54,298

-40,760

-22,272

-29,271

-41,435

-47,683

-55,439

-41,762

-17,632

-30,364

-19,077

-15,240

-1,606

-23,637

-22,556

-14,128

-62,112

-44,476

-44,574

-35,467

-12,010

-41,452

-29,375

-24,426

-32,954

FINANCING ACTIVITIES
Proceeds under credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

100,000

30,000

-

-

-

-

-

-

-

-

Payments under credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

30,000

52,000

-

-

-

-

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

65,000

-

-

-

-

Payment of long-term debt

258

253

250

3,376

242

238

235

3,066

228

223

221

2,777

213

211

207

2,591

286

282

278

2,274

180

178

175

2,008

171

168

166

1,789

161

87,200

156

1,607

720

740

149

64,334

-22,450

25,835

255

Deferred financing fees

-

-

-

-

-

-

-

5

201

0

43

1,058

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

15

424

-

-

-

-

Exercise of Class A common stock options

-

-

-

-1

274

0

718

0

170

358

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

51

-

-

-

-

Reacquisition of previously issued common stock

-

-

-

-

-

-

-

-1

19,027

14,309

3,014

17,742

11,517

20,232

6,221

1

0

983

0

-

-

-

-

-

-

-

-

0

0

257

10,299

16,151

8,994

9,865

2,394

2,807

0

176

5,279

Net cash used in financing activities

-21,564

-1,262

-250

-28,897

-21,761

-7,413

483

-3,070

-38,527

-14,174

-3,278

-21,577

-30,453

-20,443

-6,428

-2,592

-12,413

-1,265

-278

-2,274

-11,361

-501

-175

-1,745

-10,373

-376

-166

-22,762

-9,517

-47,457

19,545

12,242

-18,299

-40,620

10,084

33,208

-60,256

-26,011

-5,534

Net increase in cash and cash equivalents

-

-

4,182

-

-

-

27,024

-12,180

-43,193

33,417

14,931

-1,602

-38,649

113,886

29,544

-8,701

-14,209

21,594

3,017

-13,044

-46,292

25,585

19,771

9,454

796

51,308

32,890

-9,049

-16,640

5,326

-11,336

14,199

-35,193

29,058

17,848

-5,059

-77,409

34,171

-26,109