Potbelly corporation (PBPB)
CashFlow / TTM
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)

-18,561

-23,585

-26,679

-26,284

-24,770

-8,549

-11,420

-9,697

0

-9,525

-6,690

2,527

4,495

7,990

-

8,436

7,700

7,308

6,334

5,742

5,128

5,623

5,172

4,344

-8

213

976

1,290

0

0

0

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

22,023

22,103

22,097

22,579

22,852

23,142

24,251

24,719

0

25,307

25,680

24,698

24,039

23,269

-

22,734

22,523

22,377

21,989

21,476

21,024

20,553

20,049

19,615

19,131

18,552

18,212

17,875

0

0

0

Noncash lease expense

27,319

27,853

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax

233

13,808

0

0

0

-

-

-

-

-

-

-

-978

-1,544

-

-1,659

382

31

-36

-72

-462

-220

109

-289

-3,536

-2,982

-2,343

-1,969

0

0

0

Deferred rent and landlord allowances

-

-

-

-

-

-

-

-638

0

-1,256

-1,911

-3,268

-3,774

-3,681

-

-3,256

-2,649

-2,618

-3,413

-3,808

-3,772

-2,833

-2,045

-1,787

-1,268

-1,073

-816

-440

0

0

0

Stock-based compensation expense

2,366

2,335

2,276

2,095

2,479

2,882

3,929

5,002

0

4,718

4,676

4,054

3,516

3,200

-

3,057

2,870

2,738

2,538

2,399

2,316

2,229

2,593

2,543

11,262

11,909

11,390

11,610

0

0

0

Excess tax deficiency from stock-based compensation

-

-

-

-

-

-

-

2,492

0

2,145

2,112

285

74

64

-

-31

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairment, store closure and disposal of property and equipment

9,138

2,989

7,108

9,974

11,468

13,762

13,691

10,906

0

12,421

10,947

7,268

7,477

5,133

-

4,243

4,555

3,959

3,436

3,818

3,647

3,689

3,230

3,679

0

0

0

-

-

0

0

Other operating activities

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

-

37

0

37

37

37

36

36

-

34

-17

-8

0

11

70

70

70

70

71

70

71

64

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

-2,911

-480

-269

-1,114

670

-100

-256

-317

0

-383

650

687

1,022

704

-

-674

-753

-480

-1,054

445

700

1,073

1,337

1,013

552

-108

460

-285

0

0

0

Inventories

-48

-9

-143

95

-164

-43

149

-60

0

315

160

275

283

173

-

188

191

198

350

388

377

467

416

505

322

293

194

353

0

0

0

Prepaid expenses and other assets

-1,210

-5,917

-4,886

-3,552

-554

694

2,555

2,738

0

3,448

3,190

-1,011

2,788

-2,489

-

-3,204

966

-2,557

-180

1,155

2,737

1,277

2,730

4,216

2,726

2,658

3,448

2,076

0

0

0

Accounts payable

-886

-249

1,141

-196

288

177

-614

408

0

-820

286

296

166

1,034

-

-1,899

244

1,095

-140

1,876

202

-780

-75

1,301

457

344

751

-176

0

0

0

Operating lease liabilities

-29,518

-29,725

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

-3,624

-3,822

-2,515

-2,850

-1,893

2,097

210

7,430

0

-2,006

764

340

-1,550

2,021

-

4,108

3,064

2,654

3,956

3,558

3,334

4,089

2,781

538

1,053

-72

1,054

2,056

0

0

0

Net cash used in operating activities:

12,725

18,168

18,198

20,109

21,950

30,988

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

36,064

-

-

-

46,496

45,969

-

43,568

45,511

42,060

40,320

33,583

33,745

30,191

26,554

28,795

27,896

28,481

29,880

0

0

0

Purchases of property and equipment

16,653

14,365

14,206

15,011

19,028

21,395

27,880

30,972

0

32,696

34,684

40,355

39,860

37,021

-

36,712

28,284

30,002

34,180

35,725

35,989

33,724

30,836

29,209

27,377

27,073

27,800

28,098

0

0

0

Net cash used in investing activities:

-

-

-

-

-

-

-

-

-

-32,696

-

-

-

-38,129

-37,820

-

-29,392

-31,443

-34,513

-36,058

-36,322

-33,724

-30,836

-29,209

-27,377

-27,073

-27,800

-28,098

0

0

0

Net cash used in investing activities:

-16,653

-14,365

-14,206

-15,011

-19,028

-21,395

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Borrowings under credit facility

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,008

1,043

1,064

85

84

83

88

80

79

0

0

0

Proceeds from exercise of stock options

-

173

250

1,673

6,159

8,244

13,473

12,116

0

8,190

6,487

1,211

3,078

5,701

-

5,776

5,239

4,854

4,127

4,784

7,648

6,543

7,413

6,137

0

0

0

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Employee taxes on certain stock-based payment arrangements

137

91

113

-283

-293

194

0

0

0

0

-

-

-

0

-

-

-

-

896

-

0

0

0

-

-

-

-

-

-

-

-

Treasury stock repurchases

-

4,217

14,649

22,934

23,997

22,916

16,502

11,394

0

11,016

12,941

10,727

10,695

19,950

-

22,321

33,171

43,830

39,707

39,754

0

0

0

-

-

-

-

-

-

-

-

Distributions to non-controlling interest

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of costs associated with initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,499

0

0

0

Contributions from non-controlling interest

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

607

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities:

-

-

-

-

-

-

-

-

-

-1,808

-

-

-

-14,477

-16,776

-

-27,210

-38,252

-35,787

-35,261

-23,896

-16,440

-7,176

-3,919

42,866

47,955

45,578

45,202

0

0

0

Net cash provided by (used in) financing activities:

35,913

-4,772

-14,945

-21,342

-18,027

-15,348

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

0

0

1,560

-

-7,556

-8,739

-6,110

-

-8,627

-13,034

-24,184

-28,240

-30,999

-26,635

-16,419

-7,821

-6,574

44,284

48,778

46,259

46,984

0

0

0

Supplemental cash flow information:
Income taxes paid

192

187

0

0

0

-

-

-

-

-

1,656

4,744

6,202

3,321

-

3,663

2,340

2,860

2,788

2,376

4,666

2,762

2,893

3,232

1,948

2,111

2,061

1,808

0

0

0

Interest paid

109

108

91

120

115

110

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

92

-

-

-

107

108

-

110

126

147

183

210

209

195

179

195

219

282

332

0

0

0

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

2,128

1,198

6

35

-322

751

167

643

0

755

1,741

2,337

3,544

3,490

-

2,727

3,173

2,044

714

3,395

2,995

3,197

5,202

2,690

3,134

2,984

2,144

2,636

0

0

0

Accretion of redeemable convertible preferred stock to maximum redemption value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0