Potbelly corporation (PBPB)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Apr'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13
Cash flows from operating activities:
Net income (loss)

-13,350

-1,225

-2,237

-1,749

-18,374

-4,319

-1,842

-235

-2,153

-2,153

-7,190

-119

-63

682

-

2,027

1,849

3,432

1,128

1,291

1,457

2,458

536

677

1,952

2,007

-292

-3,675

2,173

2,770

22

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation expense

5,456

5,617

5,365

5,585

5,536

5,611

5,847

5,858

5,826

5,826

6,720

6,315

6,446

6,199

-

5,738

5,656

5,676

5,664

5,527

5,510

5,288

5,151

5,075

5,039

4,784

4,717

4,591

4,460

4,444

4,380

Noncash lease expense

7,295

6,607

7,420

5,997

7,829

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax

5

4

14

210

13,580

-

-

-

-

-

-

-

789

185

-

-2,056

104

223

70

-15

-247

156

34

-405

-5

485

-364

-3,652

549

1,124

10

Deferred rent and landlord allowances

-

-

-

-

-

-

-

153

23

23

13

-827

-465

-632

-

-1,344

-1,333

-372

-207

-737

-1,302

-1,167

-602

-701

-363

-379

-344

-182

-168

-122

32

Stock-based compensation expense

490

425

446

1,005

459

366

265

1,389

862

862

1,413

1,338

1,105

820

-

791

800

789

677

604

668

589

538

521

581

953

488

9,240

1,228

434

708

Excess tax deficiency from stock-based compensation

-

-

-

-

-

-

-

347

122

122

1,820

203

0

89

-

-7

-8

-10

-6

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment, store closure and disposal of property and equipment

6,236

977

1,579

346

87

5,096

4,445

1,840

2,381

2,381

5,025

1,660

3,355

907

-

1,346

1,869

1,011

17

1,658

1,273

488

399

1,487

1,315

29

848

-

-

53

26

Other operating activities

20

-

15

9

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

-

9

9

9

9

10

9

9

-

9

9

9

7

-42

18

17

18

17

18

17

18

18

17

18

11

Changes in operating assets and liabilities:
Accounts receivable, net

-1,620

-827

539

-1,003

811

-616

-306

781

41

41

-772

-367

715

1,074

-

-735

-32

397

-304

-814

241

-177

1,195

-559

614

87

871

-1,020

-46

655

126

Inventories

-228

156

-40

64

-189

22

198

-195

-68

-68

214

-11

180

-223

-

329

-3

70

-208

332

4

222

-170

321

94

171

-81

138

65

72

78

Prepaid expenses and other assets

3,252

-2,352

-243

-1,867

-1,455

-1,321

1,091

1,131

-207

-207

540

1,274

1,841

-465

-

-3,661

5,073

-3,436

-1,180

509

1,550

-1,059

155

2,091

90

394

1,641

601

22

1,184

269

Accounts payable

-767

-1,012

460

433

-130

378

-877

917

-241

-241

-413

145

-311

865

-

-403

15

557

-2,068

1,740

866

-678

-52

66

-116

27

1,324

-778

-229

434

397

Operating lease liabilities

-7,653

-6,679

-7,765

-7,421

-7,860

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-4,144

546

-2,166

2,140

-4,342

1,853

-2,501

3,097

-352

-352

-34

4,719

-6,339

2,418

-

-458

2,829

-2,768

4,505

-1,502

2,419

-1,466

4,107

-1,726

3,174

-2,774

1,864

-1,211

2,049

-1,648

2,866

Net cash used in operating activities:

-7,816

8,305

2,875

9,361

-2,373

8,335

4,786

11,202

6,665

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Net cash provided by operating activities:

-

-

-

-

-

-

-

-

-

6,665

-

-

-

12,420

12,398

-

9,418

12,260

11,893

9,997

11,361

8,809

10,153

3,260

11,523

5,255

6,516

5,501

10,624

5,840

7,915

Purchases of property and equipment

4,860

4,832

4,303

2,658

2,572

4,673

5,108

6,675

4,939

4,939

11,158

8,200

8,399

6,927

-

16,829

7,705

5,560

6,618

8,401

9,423

9,738

8,163

8,665

7,158

6,850

6,536

6,833

6,854

7,577

6,834

Net cash used in investing activities:

-

-

-

-

-

-

-

-

-

-4,939

-

-

-

-6,927

-16,829

-

-7,705

-6,668

-6,618

-8,401

-9,756

-9,738

-8,163

-8,665

-7,158

-6,850

-6,536

-6,833

-6,854

-7,577

-6,834

Net cash used in investing activities:

-4,860

-4,832

-4,303

-2,658

-2,572

-4,673

-5,108

-6,675

-4,939

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Borrowings under credit facility

39,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

0

1,001

21

21

21

22

20

20

26

14

19

Proceeds from exercise of stock options

-

0

0

3

170

77

1,423

4,489

2,255

2,255

5,306

66

563

552

-

30

1,933

3,186

627

-507

1,548

2,459

1,284

2,357

443

3,329

8

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

8

10

6

-

-

-

-

-

-

-

-

-

-

-

-

Employee taxes on certain stock-based payment arrangements

71

56

0

10

25

78

-396

0

512

512

-

-

-

60

-

-

-

-

69

-

293

464

214

-

-

-

-

-

-

-

-

Treasury stock repurchases

-

70

680

2,323

1,144

10,502

8,965

3,386

63

63

4,088

3,857

3,008

1,988

-

1,874

3,825

12,263

4,359

12,724

14,484

8,140

4,406

-

-

-

-

-

-

-

-

Distributions to non-controlling interest

172

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of costs associated with initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

966

373

-209

369

Contributions from non-controlling interest

143

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

254

238

88

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities:

-

-

-

-

-

-

-

-

-

1,680

-

-

-

-1,496

-1,924

-

-1,900

-9,157

-3,795

-12,358

-12,942

-6,692

-3,269

-993

-5,486

2,572

-12

45,792

-397

195

-388

Net cash provided by (used in) financing activities:

39,686

-425

-880

-2,468

-999

-10,598

-7,277

847

1,680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

27,010

-

-

-

-5,944

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

5,374

3,406

3,406

-

996

-6,194

3,997

-

-6,355

-187

-3,565

1,480

-10,762

-11,337

-7,621

-1,279

-6,398

-1,121

977

-32

44,460

3,373

-1,542

693

Supplemental cash flow information:
Income taxes paid

9

7

0

176

4

-

-

-

-

-

-1,690

93

3,166

87

-

1,398

1,551

285

429

75

2,071

213

17

2,365

167

344

356

1,081

330

294

103

Interest paid

25

42

18

24

24

25

47

19

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

19

-

-

-

21

26

-

25

35

22

28

41

56

58

55

40

42

42

71

64

105

92

Supplemental non-cash investing and financing activities:
Unpaid liability for purchases of property and equipment

1,091

765

-150

422

161

-427

-121

65

1,234

1,234

-1,011

355

177

2,220

-

-415

1,562

123

1,457

31

433

-1,207

4,138

-369

635

798

1,626

75

485

-42

2,118

Accretion of redeemable convertible preferred stock to maximum redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,396