KIRKLAND'S, INC KIRK Cash Flow

Kirkland's, inc (KIRK)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Oct'18	Aug'18	Jul'18	May'18	Apr'18	Feb'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
-4,918	-22,306	-17,120	-8,921	14,157	-	-2,780	-	-6,715	-882	-882	-	12,865	-2,362	-3,772	-1,435	-	14,543	-846	-3,567	916	16,602	-270	-2,288	2,529	15,554	1,260	-1,055	2,055	12,326	1,008	-577	1,773	14,253	-416	-1,997	1,955	15,178	1,247	-480	3,170
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation of property and equipment
6,564	6,861	7,051	7,244	7,461	-	7,602	-	7,324	7,066	7,066	-	7,309	6,806	6,638	6,397	-	6,619	6,435	6,295	5,973	6,086	5,557	5,310	5,229	5,238	4,670	4,431	4,300	4,157	4,049	3,950	3,791	3,833	3,122	3,205	3,015	3,522	2,914	2,733	3,241
Amortization of deferred rent
-	-	-	-	-	-	1,770	-	2,692	-	2,364	-	2,363	2,040	1,936	1,808	-	1,923	1,450	1,138	1,268	1,404	1,140	1,170	1,546	1,332	1,027	1,582	1,456	1,477	1,526	1,492	1,312	1,204	826	1,101	1,066	1,376	868	1,039	1,623
Cash received for landlord construction allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,789	-1,059	-2,460	-13,921	1,745	2,120	2,234	-13,146	2,267	905	2,653	3,226	3,084	1,038	1,271	4,331	9,942	-1,040	-2,053
Amortization of debt issuance costs
15	14	13	14	13	-	14	-	13	14	14	-	14	13	14	13	-	19	12	13	45	19	20	19	19	19	20	19	19	19	20	19	19	20	19	19	19	5	21	6	6
Asset impairment
11,978	3,392	1,981	1,878	0	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative Effect on Retained Earnings, Net of Tax
0	0	0	331	0	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property and equipment
-50	-11	-13	-126	-43	-	-163	-	-148	-29	-29	-	-16	-37	-28	-92	-	-18	-144	-43	-108	-68	-72	0	-5	-51	-70	-33	-191	-67	-47	4	-66	-49	76	-46	5	-6	-24	-56	-72
Stock-based compensation expense
1,305	704	731	560	659	-	450	-	498	393	393	-	368	582	395	789	-	679	817	809	895	892	830	815	1,236	717	670	748	637	718	720	729	663	627	629	663	793	731	733	900	749
Excess tax benefits from exercise of stock options and vesting of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-89	377	815	-	-	-	-	-	-	-	-	0	-74	92	28	-	-	-	-
Deferred income taxes
-581	8,066	-3,684	-3,623	-475	-	-295	-	1,071	212	212	-	-3,809	443	1,337	532	-	-2,447	-116	472	-151	585	179	143	-165	453	-299	64	-178	-719	-165	25	-107	3,826	421	154	-110	1,821	82	359	-59
Changes in assets and liabilities:
Inventories, net
-45,548	31,989	17,827	5,972	-29,325	-	18,293	-	12,302	1,909	1,909	-	-23,486	33,458	-1,282	-626	-	-24,630	25,823	5,059	885	-27,839	29,565	7,604	2,516	-21,681	20,092	6,662	-1,935	-16,196	14,854	6,090	-1,688	-14,614	14,418	2,289	178	-12,634	12,284	3,036	168
Prepaid expenses and other current assets
-1,408	-327	-1,181	-935	-2,951	-	1,737	-	825	-244	-244	-	-2,321	1,916	3,499	-3,019	-	-754	-1,004	2,069	-1,773	4,478	250	740	1,461	-1,062	224	633	-25	-259	-88	1,276	-706	-854	-224	591	485	-2,804	1,893	1,115	700
Other noncurrent assets
-	-	-	-	-	-	-33	-	730	-	2	-	5	539	225	790	-	1,922	-37	491	546	-154	-438	301	136	60	80	56	209	34	86	96	140	122	52	-52	212	55	63	-25	148
Accounts payable
-	8,407	27,186	-7,748	-	-	12,923	-	6,958	-10,025	-10,025	-	1,142	13,904	5,265	-8,667	-	-10,635	15,076	7,504	-4,273	-20,757	23,252	-1,822	1,367	-7,602	9,615	2,969	-3,637	-1,649	3,309	509	-709	-6,151	5,210	4,533	-3,542	-3,383	7,964	-2,813	-412
Accounts payable to related party vendor
0	0	-9,736	1,570	-3,095	-	4,514	-	-1,053	277	277	-	-148	3,053	-173	-217	-	-3,606	5,297	1,205	-146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
5,213	-1,119	1,336	-3,764	3,415	-1,480	-	506	-	-4,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes (refundable) payable
337	-82	-946	-13	5,503	-	-524	-	-8,742	-685	-685	-	12,278	-2,163	-10,064	-1,382	-	11,278	-680	-4,178	-5,057	9,496	-1,120	-3,399	-4,653	9,121	832	-4,559	-5,076	-	-	-2,227	-1,535	-	-	-5,566	-1,187	5,810	1,269	-3,357	-688
Operating lease assets and liabilities
3,484	2,866	2,209	2,086	2,289	-1,465	-	1,337	-	-1,114	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities
300	335	299	-934	244	324	-	97	-	-221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other current and noncurrent liabilities
-	-	-	-	-	-	1,398	-	2,494	-	-332	-	3,920	6,763	1,960	4,189	-	1,702	7,113	2,704	5,276	11,656	730	776	-2,169	2,054	2,878	-446	-619	-952	2,357	-35	1,005	953	-1,235	2,295	-2,973	1,654	840	179	-3,433
Net cash used in operating activities
54,172	-30,915	-12,329	-19,197	43,140	-	1,698	-	-14,553	-7,964	-7,964	-	57,394	-10,877	-2,750	1,358	-	39,703	7,020	2,543	2,660	41,734	1,611	-9,579	-616	48,961	45	-4,739	221	40,327	-3,093	-6,582	8,561	39,777	-5,066	369	-2,733	43,682	3,689	-7,666	2,060
Cash flows from investing activities:
Capital expenditures
2,921	4,302	4,531	3,926	3,750	-	6,743	-	7,199	11,083	11,083	-	4,807	9,787	8,243	5,587	-	4,111	8,436	10,951	8,682	9,393	14,966	8,080	2,675	5,598	9,222	7,897	6,930	4,890	6,223	4,519	2,322	6,377	10,210	10,677	4,109	5,477	9,364	8,715	3,096
Net cash used in investing activities
-2,921	-4,302	-4,531	-3,926	-3,750	-	-6,743	-	-7,199	-11,083	-11,083	-	-4,807	-9,787	-8,243	-5,587	-	-4,111	-8,436	-10,947	-8,682	-9,393	-14,966	-8,080	-2,675	-5,598	-9,222	-7,897	-6,930	-4,890	-6,223	-4,519	-2,322	-6,377	-10,210	-10,677	-4,109	-5,477	-9,364	-8,715	-3,096
Cash flows from financing activities:
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	47	224	-	-	-	0	-	-	-	-	-	-	-	-	0	-1	0	7	-	-	-	-
Excess tax benefits from exercise of stock options and restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-89	377	815	-	-	-	-	-	-	-	-	0	-74	92	28	-	-	-	-
Cash Used To Net Share Settle Options And Restricted Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	32	436	1,556	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds received from employee stock option exercises
0	0	0	0	0	-	0	-	0	23	23	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee stock purchases
51	45	77	68	82	-	77	-	79	82	82	-	75	81	76	96	-	85	95	92	97	76	75	129	74	56	59	106	77	58	71	63	75	58	74	85	65	66	245	109	68
Repurchase and retirement of common stock
0	243	1,046	2,368	5,359	-	6,554	-	832	2,972	2,972	-	386	218	0	0	-	-	-	-	-	19,315	3,367	771	1,743	-	-	-	-	-	-	-	-	0	0	13,417	3,205	-	-	-	-
Net cash used in financing activities
-25,321	24,769	-1,013	-2,300	-5,281	-	-6,477	-	-1,131	-2,867	-2,867	-	-316	-145	-117	96	-	85	95	-218	-127	-20,347	-3,413	-26,652	-2,410	-867	-2,649	-1,314	77	-1,021	461	479	75	58	1	-13,240	-3,119	-15,425	-9,088	1,233	68
Cash and cash equivalents:
Net decrease
-	-10,448	-17,873	-25,423	-	-	-11,522	-	-22,883	-21,914	-21,914	-	52,271	-20,809	-11,110	-4,133	-	35,677	-1,321	-8,622	-6,149	11,994	-16,768	-44,311	-5,701	42,496	-11,826	-13,950	-6,632	34,416	-8,855	-10,622	6,314	33,458	-15,275	-23,548	-9,961	22,780	-14,763	-15,148	-968
Supplemental schedule of non-cash activities:
Non-cash accruals for purchases of property and equipment
-	-549	270	2,097	-	-	-771	-	529	2,212	2,212	-	-	960	-1,223	2,260	-	-	-81	-1,078	3,055	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification
0	0	0	295,240	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase of operating lease liabilities from new or modified leases
1,082	1,322	13,129	3,389	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-