Noodles & company (NDLS)
CashFlow / Quarterly
Dec'19Oct'19Jul'19Apr'19Jan'19Oct'18Sep'18Jul'18Jun'18Apr'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Operating activities
Net income (loss)

-1,183

4,243

438

-1,851

19

-

1,050

-

-5,935

-3,575

-3,575

-487

-8,335

-1,815

-26,845

-45,376

-9,841

-14,087

-2,373

-4,254

-9,821

3,062

-2,752

3,534

2,943

3,527

1,424

2,408

3,265

68

924

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

5,460

5,458

5,661

5,507

5,465

-

5,790

-

5,797

5,820

5,820

5,884

6,183

6,279

6,267

7,151

7,006

7,071

6,906

6,843

7,116

6,924

6,919

6,818

6,454

5,905

5,610

5,549

5,238

5,035

4,801

Deferred income taxes, net

4

64

0

0

-20

-

-12

-

-6

-245

-245

-458

-41

80

191

-25

41

1,083

0

-1,052

-6,282

0

-1,544

950

1,991

3,389

0

3,840

-84

84

366

Restaurant impairments, closure costs and asset disposals

-

863

2,639

145

-

-

1,620

-

2,250

1,419

1,419

-

9,426

981

18,460

-

1,014

11,144

745

-

16,444

216

6,080

-

250

194

214

-

-

-

-

Asset disposals, closure costs and restaurant impairments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

339

297

201

Amortization of debt issuance costs

126

124

125

125

116

-

121

-

153

210

210

177

103

102

83

49

33

29

29

25

24

24

25

25

25

26

25

628

-31

57

56

Stock-based compensation

663

-61

1,115

726

747

-

640

-

1,012

580

580

321

248

647

298

298

1,172

501

348

433

411

464

161

302

363

525

140

165

132

3,570

363

Gain on insurance proceeds received for property damage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

-

-

-

0

43

74

67

64

Changes in operating assets and liabilities:
Accounts receivable

-

-265

505

-362

-

-

348

-

-92

-745

-745

-

-677

-490

-1,975

-

-577

159

224

-

-444

466

-708

-

-249

175

-244

-

1,335

41

-100

Inventories

276

2

124

223

-106

-

-104

-

707

44

44

29

-110

345

123

73

416

70

231

113

472

196

277

201

600

639

400

141

513

144

383

Prepaid expenses and other assets

-372

158

954

-50

-587

-

-782

-

1,835

-651

-651

-792

506

-306

260

-1,477

5,486

-3,987

-184

-560

831

412

342

-272

83

1,384

573

468

331

-51

770

Accounts payable

1,270

468

-4,130

2,798

592

-

737

-

-3,448

539

539

-209

-1,110

-1,267

1,284

742

1,620

-2,117

-2,685

2,282

841

-788

459

-508

2,518

-790

1,441

-1,017

-451

1,371

-133

Operating lease assets and liabilities

-453

-1,342

-64

-343

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,250

2,149

1,313

1,121

Deferred rent

-

0

-15

15

-

-

-303

-

-687

-288

-288

-

38

800

679

-

1,645

1,231

1,604

-

1,705

1,676

1,646

-

1,863

4,193

-1,396

-

-

-

-

Income taxes

88

0

0

-6

-63

-

0

-

-20

-26

-26

22

98

-8

68

443

79

1,080

-1,038

-1,731

408

1,593

-463

481

-342

-1,093

930

-1,512

2,011

-346

239

Accrued expenses and other liabilities

4,080

-2,661

4,708

-7,191

1,468

-

-17,513

-

6,549

-6,790

-6,790

3,042

-6,010

-5,984

-10,153

11,221

6,755

-3,091

2,414

-3,553

5,243

-2,778

2,717

-1,916

2,711

-2,032

-194

-1,427

2,421

517

1,140

Net cash provided by operating activities

13,791

7,261

8,894

114

10,214

-

-7,705

-

3,841

-1,004

-1,004

11,031

1,302

-155

-8,076

8,673

3,783

6,602

5,679

6,620

15,230

9,330

13,326

11,574

18,342

8,854

10,257

11,172

12,736

11,765

7,961

Investing activities
Purchases of property and equipment

3,616

5,571

4,053

4,164

4,401

-

2,886

-

2,246

4,805

4,805

3,360

5,255

5,612

6,601

9,551

9,768

11,697

12,319

14,477

13,755

12,078

9,783

16,409

15,484

12,949

11,510

14,641

14,136

12,310

13,342

Franchise restaurant acquisition, net of cash acquired

0

0

0

1,387

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-3,616

-5,571

-3,701

-5,551

-4,401

-

-2,386

-

-2,246

-4,805

-4,805

-3,360

-5,255

-5,612

-6,601

-9,473

-9,268

-11,697

-12,319

-14,477

-13,755

-12,706

-9,783

-18,494

-29,107

-12,949

-11,510

-14,641

-14,136

-12,310

-13,342

Financing activities
Net repayments from swing line loan

-2,188

1,688

187

313

-83,929

-

17,157

-

66,873

0

0

0

0

0

37,015

0

0

0

1,000

-278,404

115,200

92,606

87,298

-120,738

70,484

84,033

41,621

30,028

26,388

136,185

31,925

Net payments from swing line loan

-

0

-3,071

3,071

-

-

0

-

-5,139

5,038

5,038

-6,138

-905

7,144

-197

-4,014

2,150

-117

332

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings on long-term debt

-

-

-

-

0

-

1,500

-

73,389

-

0

0

3,775

842

5,915

4,900

3,400

4,500

7,000

-272,408

145,682

100,069

82,257

-113,926

82,355

87,062

41,909

-

27,895

36,133

37,703

Payments on finance leases

-

205

141

197

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of preferred stock and common stock warrants, net of transaction expenses (see Note 9)

-

-

-

-

-

-

0

-

0

-

0

0

0

-99

16,688

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock, net of transaction expenses

-

-

-

-

-165

-

23,157

-

0

-

0

0

0

-2,211

31,321

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

71

2,777

0

0

0

Proceeds from exercise of stock options and employee stock purchase plan

-

-

-

21

-

-

-

-

-

35

35

-

-

-

38

35

189

678

198

2,981

-3,821

562

1,230

340

432

1,168

736

1,982

0

0

0

Debt issuance costs

-

0

0

0

-

-

-78

-

-1,628

-1

-1

662

0

0

-662

98

-96

0

-2

69

-25

-138

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-2,802

-1,942

-3,655

2,582

-3,076

-

8,369

-

-579

5,072

5,072

-6,387

2,889

5,675

16,088

672

5,643

5,061

6,528

7,795

-1,380

3,751

-3,811

6,578

12,303

4,137

953

3,848

1,371

185

5,778

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-85

22

105

-42

-80

-12

0

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-252

1,538

-2,855

-

-

-1,722

-

1,016

-737

-737

1,273

-1,070

-90

1,411

-129

73

-12

-7

-104

15

363

-268

-342

1,538

42

-300

379

-29

-360

397