Rh (RH)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)

68,433

52,463

63,757

35,722

27,250

20,114

62,906

25,461

-4,518

13,151

-7,862

-3,370

9,436

2,517

6,918

-13,470

33,302

20,710

29,935

7,156

42,525

19,429

27,253

1,795

26,642

9,549

-17,835

-161

-28,362

1,685

17,616

-3,728

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

24,794

23,435

25,321

27,189

26,438

22,995

19,194

22,745

32,084

18,546

16,526

16,020

15,747

15,036

13,658

12,554

12,490

11,231

10,895

9,979

9,468

9,017

8,338

7,640

7,695

6,731

6,598

6,630

7,263

6,593

6,468

6,424

Amortization of debt discount

12,717

10,566

10,585

12,377

12,199

12,024

9,764

7,881

7,772

7,667

7,560

7,458

7,355

7,254

7,156

7,057

6,961

6,865

5,038

3,250

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax shortfall from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-5,563

506

1,693

76

3,879

2,825

2,664

1,075

8,484

325

2,248

5,364

2,245

408

1,032

0

-

-

-

-

Stock-based compensation expense

5,700

5,100

5,305

5,695

6,200

3,700

6,103

7,997

7,771

6,763

30,877

5,289

7,503

7,408

10,305

3,998

6,568

6,075

6,281

5,299

5,412

4,910

4,519

2,231

66,522

-63,182

60,651

3,631

115,081

364

351

387

Non-cash finance lease interest expense

5,744

5,678

5,672

5,514

5,531

4,843

3,319

3,092

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product recalls

1

1,410

320

1,786

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net non-cash charges resulting from inventory step-up

-

-

-

-

0

0

190

190

419

248

480

1,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash amortization of operating lease right-of-use asset

-

-

-

16,279

-

-

-

17,040

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash interest expense

1,028

1,055

1,162

1,089

991

1,372

490

786

-146

2,600

1,430

884

150

749

1,096

1,126

403

819

715

536

239

672

263

168

-

-

-

168

-

-

-

-

Amortization of deferred financing fees and debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

162

147

Change in assets and liabilities:
Accounts receivable

4,500

2,305

-6,714

7,218

-2,515

2,048

2,107

6,943

-2,777

-298

625

-8

-2,033

1,023

-3,082

3,504

-3,776

9,533

-2,656

-472

-1,635

3,517

5,215

-3,106

-8

-563

4,894

672

-2,005

1,627

-171

5,831

Merchandise inventories

9,522

-51,599

-49,536

-1,653

-32,416

14,820

20,963

4,032

-30,147

-50,289

-74,264

-66,067

-18,957

-28,858

14,891

37,228

-35,169

53,364

106,057

42,253

-50,624

63,475

63,554

29,631

5,957

41,497

41,046

12,437

19,521

58,294

5,600

24,039

Prepaid expense and other assets

13,774

-45,060

-14,964

17,846

36,820

10,968

9,150

31,496

10,825

-3,458

-27,740

-7,547

4,844

13,975

-16,695

33,098

-14,496

9,093

-16,603

11,189

-4,697

-26,765

2,704

19,665

12,766

-8,946

-25,708

44,707

-10,716

10,706

11,231

13,233

Landlord assets under construction-net of tenant allowances

14,913

21,832

23,013

4,542

19,396

11,960

8,997

18,648

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-362

1,128

-179

-216

Accounts payable and accrued expenses

48,919

-1,401

-1,478

-38,595

21,677

20,178

14,957

-46,664

54,614

-19,383

28,655

1,219

13,128

48

-48,879

-14,604

-18,819

314

40,028

7,673

-22,596

9,237

31,235

4,346

9,060

2,445

19,835

25,978

-12,350

39,610

-11,921

20,815

Deferred revenue and customer deposits

-4,607

1,419

-8,654

21,641

-12,480

93

-7,359

28,159

-17,251

-9,732

8,117

22,232

1,325

7,340

4,340

10,972

17,918

2,522

9,727

3,046

3,623

-1,264

17,258

338

-857

-6,017

14,367

1,257

-305

3,349

6,060

7,120

Other current liabilities

7,249

-56,195

-12,052

15,231

41,976

1,059

-4,012

12,191

4,560

-1,821

3,355

-1,086

1,552

-2,062

1,833

-25,143

29,263

-5,645

14,518

1,444

7,677

1,734

10,280

-22,822

10,560

16,867

922

534

1,532

1,915

1,055

-1,813

Current and non-current operating lease liability

-138,891

17,374

17,382

27,131

-128,681

14,781

26,436

16,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and lease incentives

-

-

-

-

-

-

-

-

-

-320

440

726

1,709

696

1,363

894

11,389

660

282

1,266

1,371

1,139

471

593

3,720

2,712

649

115

752

4,861

905

4,405

Other non-current obligations

-6,023

-5,293

-7,313

-6,448

-4,369

-5,734

-3,632

-4,404

-11,423

-912

-549

-426

232

-474

8,931

20

142

14

42

17

-98

-533

22

46

1,007

-1,308

70

41

202

-1,911

119

163

Net cash provided by operating activities

128,191

113,864

58,309

38,824

152,887

47,696

52,254

-3,234

84,417

75,732

190,408

123,948

99,497

54,664

16,701

-90,350

144,334

-31,250

27,999

-14,379

102,001

6,967

27,494

-57,219

57,066

-974

51,052

-19,623

16,155

-15,386

4,334

-8,967

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

29,009

39,331

17,367

7,916

6,714

30,362

25,242

17,674

-35,840

47,536

35,524

21,173

65,879

33,153

25,723

45,276

42,660

30,540

17,034

29,227

40,669

30,890

22,285

16,515

36,246

27,006

20,879

9,737

23,427

12,114

7,324

6,193

Construction related deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

168

110

3,551

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of trademarks and domain names

-

-

-

-

-

-

-

-

-

-

-

-

158

0

0

164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets held for sale—net

-

-

-

-

-

-

-

-

-

0

10,223

4,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

-

-

-

0

0

0

16,109

61,518

50,168

92,195

44,604

61,324

51,448

85,136

19,471

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of investments

-

-

-

-

-

-

-

-

0

0

0

46,890

71,400

38,625

22,945

54,368

70,743

38,087

20,000

15,000

-

-

-

-

-

-

-

-

-

-

-

-

Sales of investments

-

-

-

-

-

-

-

-

0

0

0

145,020

5,200

0

0

31,896

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-52,009

-45,253

-17,367

-7,916

-6,714

-30,362

-25,242

-17,674

35,840

-47,536

-25,301

159,528

-47,126

-44,864

-211,183

-7,331

-44,556

-56,930

-92,213

-33,698

-130,435

-31,061

-22,537

-16,515

-36,246

-27,006

-20,879

-9,737

-23,427

-12,120

-7,628

-6,193

CASH FLOWS FROM FINANCING ACTIVITIES
Borrowings under promissory and equipment security notes

23,000

30,000

9,000

60,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under promissory and equipment security notes

6,240

5,287

4,010

983

0

0

30,483

1,491

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

0

0

137

4,499

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross borrowings under revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

280,351

469,594

480,698

439,802

397,118

353,258

433,917

343,743

320,052

246,756

Gross repayments under revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,670,740

0

-429,497

-405,873

-503,518

-419,132

-423,537

-321,765

-524,112

-300,684

-315,880

-228,793

Principal payments under finance leases

2,546

2,737

2,270

2,129

1,948

1,370

1,791

1,776

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock-including commissions

0

0

0

250,032

-

-

-

-

0

0

700,186

300,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on build-to-suit lease transactions

-

-

-

-

-

-

-

-

-

4,133

3,312

1,289

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

8,629

11,286

5,997

1,226

8,197

6,618

26,286

2,923

9,527

4,199

8,603

2,567

1,670

1,303

-8

296

5,141

8,794

9,450

2,221

10,180

414

2,306

3,500

6,193

741

695

0

-

-

-

-

Excess tax shortfall from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-5,563

506

1,693

76

3,879

2,825

2,664

1,075

8,484

325

2,248

5,364

2,245

408

1,032

0

-

-

-

-

Tax withholdings related to issuance of stock-based awards

531

304

5,984

250

555

1,084

7,512

351

878

1,775

2,957

149

238

419

805

141

732

1,341

2,578

376

1,001

809

989

317

0

0

178

0

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

100

82

76

-

96

81

85

-

65

54

83

-

177

493

985

1,137

658

-80

840

1,126

984

994

1,110

Net cash used in financing activities

-66,796

-41,985

-131,856

65,833

-149,124

-33,518

-24,685

18,335

-130,972

-27,892

-228,990

-299,087

70

282

-2,587

-6

8,242

10,213

265,490

2,837

17,158

-247

165,606

71,283

-15,519

21,161

-24,790

30,653

64

32,957

3,178

16,853

Effects of foreign currency exchange rate translation

19

72

-81

6

6

-12

-62

-62

130

-33

141

-86

107

-110

-436

888

-284

-2

-95

73

-165

-25

-12

4

-109

4

-40

22

-6

15

13

0

Net increase (decrease) in cash and cash equivalents and restricted cash equivalents

9,405

26,698

-90,995

96,747

-2,945

-16,196

2,265

-2,635

-10,585

271

-63,742

-15,697

52,548

9,972

-197,505

-96,799

107,736

-77,969

201,181

-45,167

-11,441

-24,366

170,551

-2,447

5,192

-6,815

5,343

1,315

-7,214

5,466

-103

1,693

Non-cash transactions:
Property and equipment additions in accounts payable and accrued expenses at period-end

-6,698

984

2,346

8,529

-3,754

3,878

2,787

4,926

-16,441

221

9,362

14,498

-14,239

537

12,182

10,721

-16,332

9,128

10,932

8,380

-7,530

4,751

1,710

11,944

-11,463

1,242

6,318

8,107

1,323

-408

675

1,915

Landlord asset additions in accounts payable and accrued expenses at period-end

-835

-580

1,574

19,481

-3,978

-1,063

3,548

13,635

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Landlord asset additions from unpaid construction related deposits

0

0

-1,861

2,056

1,998

292

-2,133

2,650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment additions due to build-to-suit lease transactions

-

-

-

-

-

-

-

-

-

8,123

9,057

18,283

9,798

36,517

1,901

7,775

14,990

19,736

14,193

47,404

35,648

36,645

4,949

12,587

8,760

14,612

10,122

0

-

-

-

-

Property and equipment additions from unpaid construction related deposits

-

-

-

-

-

-

-

-

-

-2,370

935

4,913

-158

1,306

919

1,740

5,915

673

4,385

2,942

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Issuance of non-current notes payable related to share repurchases from former employees

-

-

-

-

0

0

0

243

-

-

-

-

-

-

-

-

-

-

-

-

0

0

893

15,682

-

-

-

-

-

-

-

-

Asset based credit facility
Borrowings

0

20,500

208,000

94,000

210,500

146,000

176,000

334,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments

0

165,500

63,000

151,500

260,500

38,500

395,000

314,970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term Loan
Borrowings

0

0

0

320,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-