Rh (RH)
CashFlow / TTM
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)

220,375

179,192

146,843

145,992

135,731

103,963

97,000

26,232

-2,599

11,355

721

15,501

5,401

29,267

47,460

70,477

91,103

100,326

99,045

96,363

91,002

75,119

65,239

20,151

18,195

-36,809

-44,673

-9,222

-12,789

0

0

0

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

100,739

102,383

101,943

95,816

91,372

97,018

92,569

89,901

83,176

66,839

63,329

60,461

56,995

53,738

49,933

47,170

44,595

41,573

39,359

36,802

34,463

32,690

30,404

28,664

27,654

27,222

27,084

26,954

26,748

0

0

0

Amortization of debt discount

46,245

45,727

47,185

46,364

41,868

37,441

33,084

30,880

30,457

30,040

29,627

29,223

28,822

28,428

28,039

25,921

22,114

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax shortfall from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-3,288

6,154

8,473

9,444

10,443

15,048

12,548

12,132

16,421

10,182

10,265

9,049

3,685

0

0

0

-

-

-

-

Stock-based compensation expense

21,800

22,300

20,900

21,698

24,000

25,571

28,634

53,408

50,700

50,432

51,077

30,505

29,214

28,279

26,946

22,922

24,223

23,067

21,902

20,140

17,072

78,182

10,090

66,222

67,622

116,181

179,727

119,427

116,183

0

0

0

Non-cash finance lease interest expense

22,608

22,395

21,560

19,207

16,785

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product recalls

3,517

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net non-cash charges resulting from inventory step-up

-

-

-

-

380

799

1,047

1,337

2,527

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash interest expense

4,334

4,297

4,614

3,942

3,639

2,502

3,730

4,670

4,768

5,064

3,213

2,879

3,121

3,374

3,444

3,063

2,473

2,309

2,162

1,710

1,342

0

0

0

-

-

-

0

-

-

-

-

Amortization of deferred financing fees and debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Change in assets and liabilities:
Accounts receivable

7,309

294

37

8,858

8,583

8,321

5,975

4,493

-2,458

-1,714

-393

-4,100

-588

-2,331

6,179

6,605

2,629

4,770

-1,246

6,625

3,991

5,618

1,538

1,217

4,995

2,998

5,188

123

5,282

0

0

0

Merchandise inventories

-93,266

-135,204

-68,785

1,714

7,399

9,668

-55,441

-150,668

-220,767

-209,577

-188,146

-98,991

4,304

-11,908

70,314

161,480

166,505

151,050

161,161

118,658

106,036

162,617

140,639

118,131

100,937

114,501

131,298

95,852

107,454

0

0

0

Prepaid expense and other assets

-28,404

-5,358

50,670

74,784

88,434

62,439

48,013

11,123

-27,920

-33,901

-16,468

-5,423

35,222

15,882

11,000

11,092

-10,817

-1,018

-36,876

-17,569

-9,093

8,370

26,189

-2,223

22,819

-663

18,989

55,928

24,454

0

0

0

Landlord assets under construction-net of tenant allowances

64,300

68,783

58,911

44,895

59,001

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

371

0

0

0

Accounts payable and accrued expenses

7,445

-19,797

1,782

18,217

10,148

43,085

3,524

17,222

65,105

23,619

43,050

-34,484

-50,307

-82,254

-81,988

6,919

29,196

25,419

34,342

25,549

22,222

53,878

47,086

35,686

57,318

35,908

73,073

41,317

36,154

0

0

0

Deferred revenue and customer deposits

9,799

1,926

600

1,895

8,413

3,642

-6,183

9,293

3,366

21,942

39,014

35,237

23,977

40,570

35,752

41,139

33,213

18,918

15,132

22,663

19,955

15,475

10,722

7,831

8,750

9,302

18,668

10,361

16,224

0

0

0

Other current liabilities

-45,767

-11,040

46,214

54,254

51,214

13,798

10,918

18,285

5,008

2,000

1,759

237

-23,820

3,891

308

12,993

39,580

17,994

25,373

21,135

-3,131

-248

14,885

5,527

28,883

19,855

4,903

5,036

2,689

0

0

0

Current and non-current operating lease liability

-77,004

-66,794

-69,387

-60,333

-70,875

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent and lease incentives

-

-

-

-

-

-

-

-

-

2,555

3,571

4,494

4,662

14,342

14,306

13,225

13,597

3,579

4,058

4,247

3,574

5,923

7,496

7,674

7,196

4,228

6,377

6,633

10,923

0

0

0

Other non-current obligations

-25,077

-23,423

-23,864

-20,183

-18,139

-25,193

-20,371

-17,288

-13,310

-1,655

-1,217

8,263

8,709

8,619

9,107

218

215

-25

-572

-592

-563

542

-233

-185

-190

-995

-1,598

-1,549

-1,427

0

0

0

Net cash provided by operating activities

339,188

363,884

297,716

291,661

249,603

181,133

209,169

347,323

474,505

489,585

468,517

294,810

80,512

125,349

39,435

50,733

126,704

84,371

122,588

122,083

79,243

34,308

26,367

49,925

87,521

46,610

32,198

-14,520

-3,864

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

93,623

71,328

62,359

70,234

79,992

37,438

54,612

64,894

68,393

170,112

155,729

145,928

170,031

146,812

144,199

135,510

119,461

117,470

117,820

123,071

110,359

105,936

102,052

100,646

93,868

81,049

66,157

52,602

49,058

0

0

0

Construction related deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of trademarks and domain names

-

-

-

-

-

-

-

-

-

-

-

-

322

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets held for sale—net

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

-

-

-

-

-

-

-

-

16,109

77,627

127,795

219,990

248,485

248,291

249,571

242,512

217,379

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of investments

-

-

-

-

-

-

-

-

46,890

118,290

156,915

179,860

187,338

186,681

186,143

183,198

143,830

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Sales of investments

-

-

-

-

-

-

-

-

145,020

150,220

150,220

150,220

37,096

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-122,545

-77,250

-62,359

-70,234

-79,992

-37,438

-54,612

-54,671

122,531

39,565

42,237

-143,645

-310,504

-307,934

-320,000

-201,030

-227,397

-313,276

-287,407

-217,731

-200,548

-106,359

-102,304

-100,646

-93,868

-81,049

-66,163

-52,912

-49,368

0

0

0

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

122,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under promissory and equipment security notes

16,520

10,280

4,993

31,466

31,974

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

4,636

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gross borrowings under revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

749,945

1,230,643

1,670,445

1,787,212

1,670,876

1,624,095

1,528,036

1,450,970

1,344,468

0

0

0

Gross repayments under revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

835,370

-1,338,888

-1,758,020

-1,752,060

-1,667,952

-1,688,546

-1,570,098

-1,462,441

-1,369,469

0

0

0

Principal payments under finance leases

9,682

9,084

7,717

7,238

6,885

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock-including commissions

250,032

0

0

0

-

-

-

-

1,000,326

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on build-to-suit lease transactions

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

27,138

26,706

22,038

42,327

44,024

45,354

42,935

25,252

24,896

17,039

14,143

5,532

3,261

6,732

14,223

23,681

25,606

30,645

22,265

15,121

16,400

12,413

12,740

11,129

7,629

0

0

0

-

-

-

-

Excess tax shortfall from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-3,288

6,154

8,473

9,444

10,443

15,048

12,548

12,132

16,421

10,182

10,265

9,049

3,685

0

0

0

-

-

-

-

Tax withholdings related to issuance of stock-based awards

7,069

7,093

7,873

9,401

9,502

9,825

10,516

5,961

5,759

5,119

3,763

1,611

1,603

2,097

3,019

4,792

5,027

5,296

4,764

3,175

3,116

2,115

1,306

495

178

0

0

0

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

2,792

3,273

2,700

2,555

2,544

2,870

3,944

4,214

0

0

0

Net cash used in financing activities

-174,804

-257,132

-248,665

-141,494

-188,992

-170,840

-165,214

-369,519

-686,941

-555,899

-527,725

-301,322

-2,241

5,931

15,862

283,939

286,782

295,698

285,238

185,354

253,800

221,123

242,531

52,135

11,505

27,088

38,884

66,852

53,052

0

0

0

Effects of foreign currency exchange rate translation

16

3

-81

-62

-130

-6

-27

176

152

129

52

-525

449

58

166

507

-308

-189

-212

-129

-198

-142

-113

-141

-123

-20

-9

44

22

0

0

0

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

41,855

29,505

-13,389

79,871

-19,511

-27,151

-10,684

-76,691

-89,753

-26,620

-16,919

-150,682

-231,784

-176,596

-264,537

134,149

185,781

66,604

120,207

89,577

132,297

148,930

166,481

1,273

5,035

-7,371

4,910

-536

-158

0

0

0

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

5,161

8,105

10,999

11,440

7,837

-4,850

-8,507

-1,932

7,640

9,842

10,158

12,978

9,201

7,108

15,699

14,449

12,108

20,910

16,533

7,311

10,875

6,942

3,433

8,041

4,204

16,990

15,340

9,697

3,505

0

0

0

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

19,640

16,497

16,014

17,988

12,142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Landlord asset additions from unpaid construction related deposits

195

2,193

2,485

2,213

2,807

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

45,261

73,655

66,499

55,991

61,183

44,402

56,694

96,323

116,981

133,890

124,646

89,829

62,941

40,908

46,081

33,494

0

0

0

-

-

-

-

Property and equipment additions from unpaid construction related deposits

-

-

-

-

-

-

-

-

-

3,320

6,996

6,980

3,807

9,880

9,247

12,713

13,915

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

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

-

-

-

-

243

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

16,575

0

0

0

-

-

-

-

-

-

-

-

Asset based credit facility
Borrowings

322,500

533,000

658,500

626,500

866,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments

380,000

640,500

513,500

845,500

1,008,970

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term Loan
Borrowings

320,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-