Life time fitness, inc. (LTM)
CashFlow / Yearly
Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities:
Net income

114,370

120,977

110,757

92,617

80,692

72,384

71,821

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

143,931

121,843

117,887

98,843

92,313

90,770

72,947

Deferred income taxes

-742

5,853

-3,338

5,557

6,162

23,270

14,815

Gain on disposal of property and equipment, net

663

-251

-1,086

-1,779

-2,001

-1,229

-985

Gain on sale of land held for sale

17

74

196

0

527

1,132

0

Amortization of deferred financing costs

3,285

2,197

2,003

2,269

2,706

2,544

1,663

Share-based compensation

12,903

12,469

14,686

19,767

12,835

8,082

7,456

Excess tax benefit related to share-based compensation

1,318

5,895

8,502

3,537

2,453

507

103

Changes in operating assets and liabilities

7,448

-1,901

-22,143

-10,277

1,207

10,951

-13,543

Other

-3,589

-93

31

371

-257

514

-61

Net cash provided by operating activities

260,712

259,429

256,557

227,943

192,265

186,203

183,066

Cash flows from investing activities:
Purchases of property and equipment

432,259

348,948

224,194

165,335

131,671

146,632

463,337

Acquisitions, net of cash acquired

16,009

13,238

30,614

70,264

16,659

0

0

Proceeds from sale of property and equipment

1,389

1,445

969

794

851

8

161,888

Proceeds from sale of land held for sale

785

678

1,758

0

1,019

1,954

0

Proceeds from property insurance settlements

0

177

909

464

0

0

318

Increase in other assets

1,564

-1,187

-333

-92

-2,943

390

7,695

Increase in restricted cash

-337

-1,237

-102

-1,484

-369

-995

-2,831

Net cash used in investing activities

-444,193

-359,836

-251,403

-232,949

-149,034

-143,285

-305,995

Cash flows from financing activities:
Proceeds from long-term borrowings

161,750

125,000

0

0

-

18,151

43,272

Repayments of long-term borrowings

32,993

35,276

6,929

79,192

40,394

11,001

13,143

Proceeds from credit facility, net

224,500

56,500

22,000

77,800

-3,900

-56,500

101,800

Repayments of financing lease obligation

1,232

1,012

812

-

-

-

-

Increase in deferred financing costs

4,968

4,631

914

4,989

499

1,092

6,664

Excess tax benefit related to share-based compensation

1,318

5,895

8,502

3,537

2,453

507

103

Proceeds from stock option exercises

2,908

1,734

2,342

3,162

5,142

2,470

3,036

Proceeds from employee stock purchase plan

1,593

1,367

1,206

1,061

907

0

0

Stock purchased for employee stock purchase plan

1,531

1,309

1,290

1,113

995

0

-

Repurchases of common stock

166,878

61,959

19,099

0

0

-

0

Net cash provided by financing activities

184,467

86,309

5,006

266

-37,286

-47,465

128,404

Effect of exchange rates on cash and cash equivalents

-145

5,933

-1,148

0

0

-

-

Increase in cash and cash equivalents

841

-8,165

9,012

-4,740

5,945

-4,547

5,475