Playa hotels & resorts n.v. (PLYA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income

-22,556

-17,924

-30,461

1,040

42,988

-14,239

-5,422

16,821

21,817

-11,683

-5,667

-10,530

27,639

-24,615

-1,560

9,854

36,537

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

24,959

24,261

29,417

25,908

22,311

21,569

20,138

15,882

15,689

13,038

13,808

13,875

12,410

13,935

13,022

12,653

13,134

Amortization of debt discount and issuance costs

339

345

345

342

339

348

348

500

327

342

512

611

777

780

757

821

771

Share-based compensation

3,223

2,233

1,850

2,014

2,748

1,044

1,182

2,104

1,786

962

1,843

960

0

-

-

-

-

Loss on derivative financial instruments

-6,369

907

923

895

-2,017

-14,293

5,537

7,305

-11,025

0

0

0

0

-

-

-

-

Goodwill impairment loss

16,173

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on property damage insurance proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

39

179

1

129

Gain on insurance recoverables

-

-

-

-

-

-

-

-

-

-

-

-

-

39

179

1

129

Deferred income taxes

2,500

-

4,555

-736

-13,605

-

0

0

0

-

-

-

-

-

-

-

-

Amortization of key money

-206

-76

-77

-76

-34

0

0

0

0

-

-

-

-

-

-

-

-

Other

-471

454

1,390

141

487

115

393

473

119

689

-14

263

-10

-463

-37

14

41

Changes in assets and liabilities:
Trade and other receivables, net

-9,880

25,801

-14,168

-5,820

4,077

26,058

-17,415

-7,656

10,549

17,780

-9,428

-7,129

2,319

18,098

-5,098

-20,602

13,849

Accounts receivable from related parties

35

1,686

-1,211

-2,776

1,272

109

3,231

662

933

367

-394

-423

769

-30

-620

-1,332

1,057

Insurance recoverable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-206

Inventories

545

1,538

-544

-714

938

242

-158

431

-59

116

-69

-62

915

-297

478

-70

221

Prepayments and other assets

-946

324

5,573

2,080

2,765

-7,241

5,145

-812

-488

-23,802

-2,199

19,490

9,273

-1,458

-4,716

12,034

-3,088

Trade and other payables

-13,596

14,500

-7,370

6,011

-11,523

18,540

4,283

-11,174

2,076

-17,432

-3,863

24,693

-11,647

52,612

-24,550

-2,762

-14,657

Payables to related parties

2,171

-248

-831

1,731

2,648

2,046

-1,476

-235

1,019

-397

-5

-1,916

354

-2,293

997

241

800

Income tax payable

-976

2,931

-594

-1,257

273

724

-692

-2,429

3,206

-5,294

-13,597

5,530

9,323

16,805

6

-79

-4,358

Deferred consideration

-

-

-

-

-

-

-

-

-

0

5

675

-26

-36

28

48

161

Other liabilities

-1,450

-10,089

-677

-100

5,126

-2,895

405

-228

527

-937

-65

-224

588

116

-453

-273

166

Net cash provided by operating activities

26,725

-20,862

6,974

41,353

44,723

23,374

22,616

21,784

46,656

-1,575

5,047

34,587

26,132

27,281

-2,013

30,280

20,633

INVESTING ACTIVITIES
Capital expenditures

6,434

43,486

73,446

43,690

48,348

43,599

27,194

19,765

20,293

30,660

62,897

9,498

3,175

7,448

5,971

3,833

2,010

Receipt of key money

8,500

4,000

0

1,500

1,000

2,000

0

0

0

-

-

-

-

-

-

-

-

Purchase of intangibles

56

1,084

1,061

747

677

1,327

187

72

1,246

565

259

169

10

102

64

82

108

Proceeds from disposal of property and equipment

3

110

98

1

5

22

0

-2

2

51

35

14

4

1

53

0

0

Property damage insurance proceeds

0

0

0

0

2,009

0

203

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

2,013

-40,460

-74,409

-42,936

-46,011

-42,904

-27,178

-112,967

-21,537

-31,174

-65,821

-9,653

-3,181

-7,510

-5,709

-3,709

-2,118

FINANCING ACTIVITIES
Repayment of deferred consideration

-

-

-

-

-

-

-

-

-

0

1,125

735

630

619

628

638

625

Repayment of Term Loan

2,525

2,525

2,525

2,525

2,525

2,525

2,525

2,525

2,275

2,277

1,325

361,875

938

937

938

937

938

Proceeds from borrowings on revolving credit facility

40,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings on revolving credit facility

15,000

-

-

-

0

-

-

-

-

-

-

-

-

17,000

8,000

10,000

15,000

Recapitalization transaction

-

-

-

-

-

-

-

-

-

0

0

0

79,658

0

0

0

0

Repurchase of ordinary shares

2,500

3,387

6,385

2,400

1,522

314

0

0

0

-

-

-

-

-

-

-

-

Repurchase of shares for tax withholdings

34

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

19,941

54,088

-8,910

-4,925

-4,047

-2,839

-2,580

96,974

-2,275

7,580

-2,450

36,484

78,090

-18,111

-9,566

-11,575

-16,563

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

48,679

-7,234

-76,345

-6,508

-5,335

-22,369

-7,142

5,791

22,844

-25,169

-63,224

61,418

101,041

1,660

-17,288

14,996

1,952

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid for interest, net of interest capitalized

14,034

9,716

10,757

11,156

11,460

12,637

12,629

20,318

7,836

14,015

19,449

4,825

22,777

4,002

21,041

4,066

21,292

Cash paid for income taxes, net

2,000

1,632

1,537

2,577

2,413

1,759

3,559

558

5,014

4,474

4,761

6,302

6,045

3,977

2,897

3,742

6,337

SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Capital expenditures incurred but not yet paid

4,083

11,912

3,233

5,273

540

45

149

-716

1,006

1,530

10,798

-250

527

430

-11

-286

350

Intangible assets capitalized but not yet paid

236

-208

-15

52

422

-158

281

142

251

0

0

0

0

-

-

-

-

Interest capitalized but not yet paid

0

6

-60

15

80

-27

43

-540

540

-

-

-

0

-

-

-

-

Key money invoiced but not yet received

0

-

-

-

1,500

-

-

-

0

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for new operating lease liabilities

0

0

0

0

1,393

-

-

-

-

-

-

-

-

-

-

-

-

Par value of vested restricted share awards

55

9

1

15

29

1

0

21

0

-

-

-

-

-

-

-

-

Dividends, Paid-in-kind

-

-

-

-

-

-

-

-

-

0

0

0

7,922

10,512

11,469

11,011

10,684

Purchase of cumulative redeemable preferred shares

-

-

-

-

-

-

-

-

-

0

0

0

239,492

0

0

0

0

Temporary Equity, Settlement of Dividends

-

-

-

-

-

-

-

-

-

0

0

0

114,381

0

0

0

0