PEP BOYS MANNY MOE & JACK PBY Cash Flow

Pep boys manny moe & jack (PBY)

CashFlow / Quarterly

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 earnings (loss)
1,266	4,811	11,893	-26,668	-1,963	-270	1,608	-3,331	965	5,368	3,863	-14,541	-6,759	33,048	1,062	-4,419	7,011	13,943	12,368
Adjustments to reconcile net earnings (loss) to net cash provided by continuing operations:
(Earnings) loss from discontinued operations, net of tax
188	74	34	-13	-194	-96	-29	-64	-49	-10	-65	-223	-64	14	-72	-228	-12	52	-37
Depreciation
16,131	16,301	16,894	19,581	19,172	18,026	18,320	18,498	19,756	19,333	20,852	19,825	19,970	19,371	19,938	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,125	19,770	19,884
Amortization of deferred gain from asset sales
3,272	3,235	3,236	3,936	3,151	3,151	3,151	3,151	3,151	3,151	3,151	3,393	3,151	3,139	3,163	3,151	3,149	3,159	3,143
Amortization of deferred financing costs
626	626	626	626	626	647	664	1,041	650	652	650	728	2,435	635	633	-	-	-	-
Stock compensation expense
1,076	1,250	1,017	724	-266	973	826	541	791	791	869	677	-421	391	652	698	631	1,270	638
Deferred income taxes
1,665	2,334	7,927	-6,522	-2,793	1,984	743	399	-2,303	5,697	-3,872	-6,945	-5,964	19,766	719	2,280	3,783	-220	4,458
Net (gain) loss from disposition of assets
6,000	267	218	-13,287	-109	-400	-10	440	-66	-31	-116	-1,091	-221	-9	-2	-34	-25	-3	89
Loss from asset impairment
775	1,678	798	2,292	1,404	2,667	1,172	2,777	2,033	1,666	1,183	-	-	-	-	-	-	-	-
Other
38	81	473	-99	159	-32	111	171	53	143	126	207	54	-14	22	-	-	-335	63
Changes in operating assets and liabilities:
Decrease in accounts receivable, prepaid expenses and other
-5,068	-7,328	-7,347	15,278	-7,072	-8,398	-4,174	24,942	-8,784	-10,346	699	23,112	-12,330	-3,752	-6,428	27,914	-5,951	-14,410	-7,406
Decrease in merchandise inventories
-6,084	-14,769	-5,496	-10,481	7,891	-4,007	-8,800	7,453	15,069	1,684	6,940	6,958	7,697	-759	13,178	7,882	21,957	-406	13,323
Decrease in accounts payable
3,134	-13,757	4,735	8,531	-1,903	-25,688	-8,903	632	26,357	-18,873	262	-13,526	11,700	-15,312	18,122	5,113	7,715	-9,180	21,223
Decrease in accrued expenses
-11,436	2,682	-17,829	16,510	-13,196	-2,700	-12,467	12,704	-5,893	1,515	-2,211	14,689	-1,757	-8,836	6,385	-52	14,509	-24,960	-8,242
Decrease in other long-term liabilities
-1,395	-980	-859	-209	-905	-1,046	-231	-991	-1,254	238	-1,338	4,856	-817	-1,018	466	1,020	-652	-373	-2,458
Net cash provided by continuing operations
13,496	33,385	34,084	15,844	-3,650	4,375	11,483	-3,369	31,728	21,796	9,523	-27,486	28,902	49,426	38,116	-11,087	33,732	12,582	38,696
Net cash used in discontinued operations
175	61	-255	-25	-283	-271	-29	-81	-72	-33	-88	-252	-123	14	-106	-313	84	22	-66
Net cash provided by operating activities
13,671	33,446	33,829	15,819	-3,933	4,104	11,454	-3,450	31,656	21,763	9,435	-27,738	28,779	49,440	38,010	-11,400	33,816	12,604	38,630
Cash flows from investing activities:
Capital expenditures
10,273	9,835	12,267	12,294	15,965	24,445	14,565	15,648	13,832	11,662	12,840	17,936	10,413	14,407	11,940	23,953	20,157	12,513	18,123
Proceeds from dispositions of assets
11,417	1,551	515	-	-	-	-	2	1	16	2	-	-	-	-	426	0	0	89
Release of collateral investment
-	-	-	-	-	-	-	-	-	-	-1,000	-	-	-	-	-	-	-	-
Collateral investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,763
Premiums paid on life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42	54	741
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144
Net cash used in investing activities
1,144	-8,284	-11,752	7,877	-15,944	-24,410	-14,565	-17,261	-24,572	-11,646	-11,838	-16,017	-10,398	-14,407	-11,940	-26,402	-20,343	-55,180	-23,682
Cash flows from financing activities:
Borrowings under line of credit agreements
13,692	17,038	95,155	119,057	140,259	174,973	164,206	38,819	572	764	590	539	674	582	524	540	136	3,978	1,067
Payments under line of credit agreements
13,692	17,038	112,155	137,057	130,259	156,973	160,706	35,319	572	764	590	539	849	407	524	540	136	3,978	1,067
Borrowings on trade payable program liability
36,597	40,018	40,872	38,848	49,261	44,645	49,708	40,181	34,114	34,509	46,181	56,343	42,572	38,114	42,722	46,780	38,303	34,508	24,589
Payments on trade payable program liability
43,187	44,941	42,497	43,049	41,370	41,552	45,388	45,083	48,768	34,539	46,512	32,343	32,600	22,782	27,522	29,886	31,423	26,128	27,816
Debt payments
500	500	500	500	500	500	500	500	500	500	500	0	294,583	269	270	270	270	269	270
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,587	1,586	1,586	1,585
Proceeds from stock issuance
1,199	503	1,170	619	493	319	177	1,016	487	428	164	694	681	1,123	195	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	268
Net cash (used in) provided by financing activities
-5,891	-4,920	-17,955	-22,082	17,884	20,912	7,497	-1,656	-16,171	-1,348	-667	24,274	-90,547	16,361	15,125	15,330	5,266	4,179	-4,814
Net increase in cash and cash equivalents
8,924	20,242	4,122	1,614	-1,993	606	4,386	-22,367	-9,087	8,769	-3,070	-19,481	-72,166	51,394	41,195	-22,472	18,739	-38,397	10,134
Supplemental disclosure of cash flow information:
Cash paid for income taxes
41	898	42	-	-	-	-	55	1,034	1,858	1,430	191	930	478	1,227	135	386	572	57
Cash received from income tax refunds
-	-	-	48	0	70	174	1,200	0	0	51	-	-	-	-	-	-	-	-
Cash paid for interest
2,746	2,583	2,674	2,895	2,898	2,925	2,659	2,878	3,041	3,121	2,987	2,736	17,105	8,509	2,940	8,520	3,054	8,638	2,885
Non-cash investing activities:
Accrued purchases of property and equipment
-802	-137	2,247	1,996	-2,187	-2,211	5,748	1,098	338	976	1,055	-637	1,376	-1,338	1,970	-86	70	423	993