| Sep'19 | Sep'18 | Oct'17 | Sep'16 | Sep'15 | Sep'14 | Sep'13 | Sep'12 | Sep'11 | Sep'10 | Sep'09 | Sep'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net earnings | |||||||||||
94,437 | 121,371 | 135,332 | 124,073 | 108,812 | 88,950 | 51,152 | 57,651 | 80,600 | 70,210 | 118,408 | 119,279 |
Earnings from discontinued operations | |||||||||||
2,690 | 17,032 | 6,759 | 17,600 | - | - | - | - | - | - | -12,638 | 1,070 |
Earnings from continuing operations | |||||||||||
91,747 | 104,339 | 128,573 | 106,473 | - | - | - | - | - | - | 131,046 | 118,209 |
Adjustments to reconcile net earnings to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
55,181 | 59,422 | 67,398 | 72,786 | 89,468 | 91,384 | 96,219 | 97,958 | 96,147 | 101,514 | 100,830 | 96,943 |
Amortization of franchise tenant improvement allowances and other | |||||||||||
1,983 | 862 | 121 | 3 | - | - | - | - | - | - | - | - |
Deferred finance cost amortization | |||||||||||
3,121 | 2,803 | 3,487 | 2,736 | 2,309 | 2,175 | 2,277 | 2,695 | 2,554 | 1,658 | 1,461 | 1,462 |
Loss on debt extinguishment | |||||||||||
-2,757 | 0 | 0 | - | - | -789 | -939 | 0 | 0 | -513 | - | - |
Loss on interest rate swap termination | |||||||||||
-23,551 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Excess tax benefits from share-based compensation arrangements | |||||||||||
113 | 2,031 | 4,232 | 7,461 | 18,602 | 17,664 | 2,094 | - | - | - | - | - |
Deferred income taxes | |||||||||||
4,100 | 25,352 | -16,074 | 33,293 | -3,191 | 4,152 | -18,604 | -6,615 | -12,832 | -27,554 | -15,331 | 6,643 |
Share-based compensation expense | |||||||||||
8,074 | 9,146 | 10,637 | 11,327 | 12,420 | 10,358 | 11,392 | 6,883 | 8,062 | 10,605 | 9,341 | 10,566 |
Pension and postretirement expense | |||||||||||
1,484 | 2,324 | 4,215 | 13,484 | 18,749 | 13,760 | 31,147 | 33,526 | 23,845 | 29,140 | 12,243 | 14,433 |
(Gains) losses on cash surrender value of company-owned life insurance | |||||||||||
-4,475 | -2,280 | -2,424 | -5,365 | 1,240 | -6,049 | -8,998 | -12,137 | 1,094 | -6,199 | 1,910 | 8,172 |
Gains on the sale of company-operated restaurants | |||||||||||
1,366 | 46,164 | 38,034 | 1,230 | -3,139 | -3,548 | 4,640 | 29,145 | 61,125 | 54,988 | 78,642 | 66,349 |
Gains on the acquisition of franchise-operated restaurants | |||||||||||
- | - | - | - | - | - | - | - | 426 | 0 | 958 | - |
Gains on the disposition of property and equipment, net | |||||||||||
6,244 | -1,627 | -2,891 | -2,280 | -1,847 | -1,680 | -789 | -6,281 | -7,650 | -10,757 | -11,418 | -17,373 |
Impairment charges and other | |||||||||||
5,414 | 2,505 | 1,815 | 1,543 | 6,815 | 10,434 | 30,785 | 9,403 | 1,367 | 12,970 | 6,586 | 3,507 |
Changes in assets and liabilities, excluding acquisitions: | |||||||||||
Accounts and other receivables | |||||||||||
-3,504 | -24,220 | 1,868 | 9,723 | 82 | -19,589 | -33,994 | -3,497 | 26,116 | 8,174 | -3,519 | 9,172 |
Inventories | |||||||||||
-82 | -1,587 | -1,839 | 181 | -105 | 300 | -27,415 | -4,334 | 1,540 | -284 | -7,596 | 4,452 |
Prepaid expenses and other current assets | |||||||||||
-8,728 | 9,432 | -12,718 | 13,966 | -35,255 | -14,051 | -15,211 | 12,849 | -19,163 | 22,967 | -11,496 | -7,026 |
Accounts payable | |||||||||||
4,524 | 4,890 | -3,359 | 2,739 | 2,281 | -627 | -26,945 | -3,264 | 1,498 | -2,219 | -14,975 | 4,167 |
Accrued liabilities | |||||||||||
-7,505 | -38,329 | -16,654 | 4,877 | 798 | 7,140 | -10,560 | 247 | 2,446 | -36,934 | - | - |
Pension and postretirement contributions | |||||||||||
6,194 | 5,467 | 5,363 | 101,052 | 25,374 | 25,349 | 23,886 | 20,318 | 4,790 | 24,072 | 26,233 | 25,012 |
Franchise tenant improvement allowance distributions | |||||||||||
10,593 | 14,893 | 0 | 0 | - | - | - | - | - | - | - | - |
Other | |||||||||||
-9,355 | -16,426 | -11,997 | -8,151 | -9,114 | 16,999 | - | - | - | - | - | - |
Cash flows provided by operating activities | |||||||||||
168,405 | 104,055 | 133,689 | 104,412 | 226,875 | 201,022 | 198,872 | 136,730 | 124,260 | 61,866 | 148,750 | 172,384 |
Cash flows from investing activities: | |||||||||||
Purchases of property and equipment | |||||||||||
47,649 | 37,842 | 38,970 | 43,261 | 86,226 | 60,525 | 84,690 | 80,200 | 129,312 | 95,610 | 153,500 | 178,605 |
Proceeds from the sale of property and equipment | |||||||||||
9,714 | 10,259 | 2,921 | 850 | - | - | - | - | - | - | - | - |
Purchases of assets intended for sale and leaseback | |||||||||||
- | - | - | 9,500 | 10,396 | 2,801 | 26,058 | 35,927 | 31,798 | 40,243 | - | - |
Proceeds from the sale and leaseback of assets | |||||||||||
4,447 | 9,336 | 6,057 | 15,461 | 0 | 5,698 | 47,431 | 27,844 | 28,536 | 85,591 | -36,824 | -14,003 |
Proceeds from the sale of company-operated restaurants | |||||||||||
-1,280 | -26,486 | -99,591 | -1,439 | 3,951 | 10,536 | 30,619 | 47,115 | 119,275 | 66,152 | 94,927 | 57,117 |
Collections on notes receivable | |||||||||||
16,759 | 54,453 | 1,500 | 3,433 | 5,917 | 2,974 | 6,448 | 12,230 | 20,848 | 8,322 | 31,539 | 7,942 |
Disbursements for loans to franchisees | |||||||||||
- | - | - | - | - | - | - | 3,977 | 14,473 | 0 | - | - |
Payments to Acquire Businesses, Net of Cash Acquired | |||||||||||
- | - | - | - | 0 | 1,750 | 12,064 | 48,945 | 31,077 | 8,115 | 6,760 | - |
Other | |||||||||||
-1,630 | -2,969 | 3,729 | 922 | -2,281 | -2,889 | -4,375 | -344 | -2,199 | -3,076 | 989 | 4,857 |
Cash flows provided by (used in) investing activities | |||||||||||
-13,819 | 65,661 | 67,370 | -32,500 | -84,473 | -42,979 | -33,939 | -81,516 | -35,802 | 19,173 | -40,959 | -134,370 |
Cash flows from financing activities: | |||||||||||
Borrowings on revolving credit facilities | |||||||||||
229,798 | 757,100 | 747,900 | 705,000 | 857,000 | 652,000 | 646,000 | 576,380 | 721,160 | 881,000 | 541,000 | 650,000 |
Repayments of borrowings on revolving credit facilities | |||||||||||
960,220 | 523,700 | 533,300 | 817,578 | 768,000 | 521,000 | 721,000 | 602,540 | 605,000 | 721,000 | 632,000 | 559,000 |
Proceeds from issuance of debt | |||||||||||
1,300,000 | 0 | 0 | 417,578 | 300,000 | 200,000 | 200,000 | 0 | 0 | 200,000 | - | - |
Principal repayments on debt | |||||||||||
337,150 | 304,607 | 57,266 | 26,109 | 198,397 | 193,399 | 175,946 | 21,110 | 13,760 | 418,836 | 2,334 | 5,722 |
Debt issuance costs | |||||||||||
34,122 | 1,366 | 0 | 2,385 | 2,030 | 3,607 | 4,392 | 741 | 989 | 9,548 | - | - |
Payments related to termination of interest rate swaps | |||||||||||
23,551 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Dividends paid on common stock | |||||||||||
41,179 | 45,412 | 48,925 | 40,295 | 37,390 | 15,808 | 0 | 0 | - | - | - | - |
Proceeds from issuance of common stock | |||||||||||
1,231 | 7,959 | 5,165 | 10,564 | 15,170 | 31,748 | 61,993 | 10,167 | 5,530 | 5,186 | 4,574 | 8,642 |
Repurchases of common stock | |||||||||||
137,654 | 325,634 | 334,361 | 284,645 | 320,163 | 323,866 | 132,833 | 30,013 | 193,099 | 97,000 | - | 100,000 |
Change in book overdraft | |||||||||||
0 | -2,150 | 2,151 | 0 | 0 | -848 | -39,678 | 8,573 | -2,773 | 34,727 | -14,577 | -3,098 |
Excess tax benefits from share-based compensation arrangements | |||||||||||
0 | 0 | 4,232 | 7,461 | 18,602 | 17,664 | 2,094 | 1,115 | 1,290 | 2,037 | 664 | 3,346 |
Payroll tax payments for equity award issuances | |||||||||||
2,883 | 7,719 | 9,240 | 13,182 | - | - | - | - | - | - | - | - |
Cash flows used in financing activities | |||||||||||
-5,730 | -445,529 | -223,644 | -43,591 | -135,208 | -157,116 | -163,762 | -58,169 | -87,641 | -123,434 | -102,673 | -5,832 |
Cash flows provided by (used in) continuing operations | |||||||||||
148,856 | -275,813 | -22,585 | 28,321 | - | - | - | - | - | - | - | - |
Other | |||||||||||
- | - | - | - | - | - | 6,721 | 1,417 | 13,337 | -7,322 | 13,983 | 16,481 |
Cash flows provided by operating activities from continuing operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | 147,324 | 167,035 |
Net cash provided by operating activities of discontinued operations | |||||||||||
0 | 4,823 | 47,388 | 42,951 | - | - | - | - | - | - | 1,426 | 5,349 |
Cash flows provided by (used in) investing activities from continuing operations | |||||||||||
- | - | - | - | - | - | - | - | - | - | -71,607 | -132,406 |
Net cash provided by (used in) investing activities of discontinued operations | |||||||||||
0 | 266,125 | -34,031 | -71,897 | - | - | - | - | - | - | 30,648 | -1,964 |
Net cash used in financing activities of discontinued operations | |||||||||||
0 | -78 | -138 | -45 | - | - | - | - | - | - | - | - |
Net cash provided by discontinued operations | |||||||||||
0 | 270,870 | 13,219 | -28,991 | - | - | - | - | - | - | - | - |
Effect of exchange rate changes on cash | |||||||||||
0 | 6 | -22 | -43 | -29 | 7 | 4 | 0 | 0 | - | - | - |
Net (decrease) increase in cash | |||||||||||
- | - | - | - | 7,165 | 934 | 1,175 | -2,955 | 817 | -42,395 | 5,118 | 32,182 |