Red lion hotels corp (RLH)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities:
Net income (loss)

-20,973

14,467

-1,488

-4,840

4,016

2,303

-17,047

-14,681

-7,062

-8,619

-6,664

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

14,567

17,003

18,888

16,281

13,315

12,762

14,147

15,815

19,021

20,919

20,954

Noncash PIK interest and amortization of debt issuance costs

1,077

942

-

-

-

-

-

-

-

-

-

Noncash PIK interest and amortization of debt issuance costs

-

-

1,187

1,166

935

124

100

-

-

-

-

Amortization of key money and contract costs

1,166

748

0

0

-

-

-

-

-

-

-

Amortization of contract liabilities

1,167

753

0

0

-

-

-

-

-

-

-

Loss (gain) on asset dispositions, net

7,067

42,021

449

2,437

17,692

4,006

-660

-80

33,379

26

243

Noncash loss on early retirement of debt

276

794

0

0

2,763

0

0

-

0

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

14,236

0

-

Asset impairment

-

-

-

-

-

-

8,858

16,294

9,449

5,792

-

Asset impairment

14,128

10,582

0

0

-

-

-

-

-

-

-

Asset impairment

-

-

-

-

-

-

-

-

-

-

8,686

Termination of sublease agreement, net

-

-

-

-

-

-

-

-

-

2,109

-

Deferred income taxes

-

-

-

-

-

6

-764

-8,314

4,458

-5,168

-3,184

Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax

-

-

244

0

0

-

-

-

-

-

-

Deferred income taxes

-29

-1,302

-3,497

249

59

-

-

-

-

-

-

Equity in investments

-

-

0

157

-55

-36

-53

-1

-52

-48

9

Stock-based compensation expense

1,780

3,955

3,309

2,640

1,932

1,455

1,819

1,344

1,251

1,594

1,238

Provision for doubtful accounts

3,935

1,014

528

433

654

170

110

423

176

378

212

Fair value adjustments to contingent consideration

0

581

1,670

339

0

0

-

-

-

-

-

Change in operating assets and liabilities:
Restricted cash for interest payments and other

-

-

-

-

-

-

-2,417

-941

-762

319

-89

Accounts receivable

89

3,644

4,130

3,183

1,901

635

711

-1,000

1,764

-209

-2,505

Notes receivable

-

-

88

110

167

153

0

109

0

0

-

Key money disbursements

857

5,695

-

-

-

-

-

-

-

-

-

Inventories

-

-

-

-

-234

-198

152

61

56

-22

-160

Other current assets

-

-

-

-

-556

890

230

675

36

-1,308

432

Other current assets

248

1,231

1,229

2,075

-

-

-

-

0

-

-

Accounts payable

380

1,249

-2,543

-1,006

3,381

-1,811

-1,261

1,039

-2,218

1,067

-5,388

Income taxes payable

-

-

-

-

-

-

-

-

0

-

-

Accrued payroll and related benefits

-

-

-

-

-

-

-

-

-2,264

2,203

-2,798

Accrued interest payable

-

-

-

-

-

-

-

-

-45

-42

4

Deferred income

-

-

-

-

-

-

-

-

275

0

900

Other accrued liabilities

-1,497

-203

2,114

-1,738

5,944

1,399

-912

373

-1,059

2,230

-338

Net cash provided by (used in) operating activities

5,382

-3,514

14,516

5,562

14,084

10,958

7,087

13,470

1,797

19,487

15,692

Investing activities:
Capital expenditures

4,939

8,615

9,779

33,511

16,542

24,891

13,193

-

-

-

-

Purchase of Atlanta hotel property

-

-

-

-

6,421

0

0

8,442

46,278

10,615

16,425

Acquisition of Knights Inn

0

27,249

0

0

22,651

0

0

-

-

-

-

Acquisition of Vantage Hospitality

-

-

0

22,603

0

0

-

-

-

-

-

Net payments related to the sale of entertainment business

-

-

6,679

0

-

-

-

-

-

-

-

Purchase of GuestHouse International assets

-

-

-

-

8,856

0

0

-

-

-

-

Liquor license purchase

-

-

-

-

-

-

-

-

-

-

500

Net payments related to the sale of entertainment business

-

-

6,679

0

0

-

-

-

-

-

-

Net proceeds from disposition of property and equipment

44,137

113,748

28

5,898

38,681

17,316

16,025

20,819

68,346

44

16

Proceeds from redemption of trust common securities

-

-

-

-

909

0

0

-

-

-

-

Collection of notes receivable

283

62

694

2,309

3,509

1,914

3,706

0

0

-

-

Advances on notes receivable

90

1,048

409

943

652

0

0

-

-

-

-

Purchases of short-term investments

-

-

-

-

18,720

0

0

-

-

-

-

Proceeds from sales of short-term investments

-

-

0

18,085

635

0

0

-

-

-

-

Change in restricted cash for property improvements

-

-

-

-

-

-

0

-

-

-

-

Advances to Red Lion Hotels Capital Trust

-

-

-

-

-

-

-

27

27

27

27

Other, net

-

-

0

-77

-28

-61

97

3

430

-170

34

Net cash provided by (used in) investing activities

39,391

76,898

-16,145

-30,688

-30,080

-5,600

6,441

12,347

21,611

-10,428

-16,970

Financing activities:
Borrowings on long-term debt, net of discounts

32,935

30,000

3,297

24,766

90,772

0

44,500

0

18,042

0

-

Repayment of long-term debt and finance leases

45,943

107,999

1,373

4,939

30,528

12,973

38,878

-

-

-

-

Proceeds from line of credit borrowing

0

10,000

0

0

-

-

-

-

-

-

-

Proceeds from line of credit borrowing

-

-

-

-

-

-

-

2,122

10,844

15,500

11,000

Repayment of credit facility

-

-

-

-

-

-

11,300

2,966

0

23,500

21,000

Retirement of revolving credit facility

-

-

-

-

-

-

-

-

28,000

0

-

Repayment of debentures to Red Lion Hotels Capital Trust

-

-

-

-

30,825

0

0

20,474

25,542

3,170

3,009

Debt issuance costs

253

1,282

41

181

4,028

6

957

-

-

-

-

Distributions to noncontrolling interest

0

304

0

0

2,638

0

0

-

-

-

-

Distribution to operating partnership unit holders

-

-

-

-

-

-

-

-

34

0

-

Proceeds from stock compensation, net

-

-

-

-

-

-

-

255

876

2,486

-

Proceeds from issuance of common stock under employee stock purchase plan

-

-

-

-

-

-

-

-

129

130

119

Distributions to noncontrolling interest

17,559

21,457

3,057

3,593

-

-

-

-

-

-

3

Contingent consideration paid for Vantage Hospitality acquisition

0

7,000

0

0

-

-

-

-

-

-

-

Stock-based compensation awards canceled to settle employee tax withholding

2,150

647

361

353

347

-

-

-

-

-

-

Proceeds from sale of interests in joint ventures

-

-

0

3,193

23,461

0

0

-

-

-

-

Stock option and stock purchase plan issuances, net and other

-

-

-

-

-

69

-

-

-

-

-

Reduction of additional paid in capital for repurchased restricted stock units

-

-

-

-

-

155

303

-

-

-

-

Proceeds from common stock offering, net

-

-

0

18,460

0

0

-

-

-

-

-

Other, net

-

-

-

-

-

-

9

258

1,694

292

153

Tax benefit associated with stock based plans

-

-

-

-

-

-

-

-

-84

0

-

Stock option and stock purchase plan issuances, net and other

216

236

413

180

-20

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-32,754

-98,453

-1,122

37,533

45,847

-13,065

-6,947

-21,321

-25,439

-8,932

-13,059

Change in cash, cash equivalents and restricted cash:
Net increase (decrease) in cash, cash equivalents and restricted cash

12,019

-25,069

-2,751

12,407

-

-

-

-

-

-

-

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

-

-

-

-

29,851

-

-

-

-

-

-

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

-

-

-

-

29,851

-7,707

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

6,581

4,496

-2,031

127

-14,337

Supplemental disclosure of cash flow information:
Cash paid during years for:
Income taxes

763

963

189

111

30

44

46

149

415

0

-

Interest on debt

4,938

6,338

7,016

5,485

-

-

-

-

-

-

-

Interest on debt

-

-

-

-

5,604

4,514

5,629

7,000

8,418

9,115

8,955

Income taxes

-

-

-

-

-

-

-

44

0

672

296

Non-cash operating, investing and financing activities:
Reclassification of long-term contingent consideration to current

-

-

-

-

0

-

-

-

-

-

-

Reclassification of contingent consideration to equity

-

-

-

-

0

-

-

-

-

-

-

Acquisition of property and equipment through capital lease and other LT obligations

0

328

542

1,352

0

0

-

-

-

-

-

Conversion of accounts receivable to note receivable

-

-

-

-

51

-

-

277

0

377

771

Reclassification of property to other assets

-

-

-

-

-

117

0

0

-

-

-

Reclassification of long-term debt to current

-

-

-

-

0

0

-

-

-

-

-

Exchange of common stock for noncontrolling interest in partnership

-

-

-

-

-

-

-

50

0

0

-

Conversion of restricted cash to accounts receivable

-

-

-

-

-

-

-

75

0

0

-

Reclassification of long-term note receivable to short-term

-

-

-

-

-

-

-

210

0

0

-

Reclassification of current and noncurrent liabilities to liabilities held for sale

-

-

-

-

51

0

67

277

0

377

771

Reclassification of long-term note receivable to short-term

-

-

-

-

261

2,311

0

0

-

-

-

Reclassification of property and other assets to assets held for sale

-

-

-

-

0

-

18,890

4,277

30,380

0

-

Property and equipment, purchases not yet paid

182

27

402

2,238

2,930

0

0

-

-

-

-

Assumption of contingent consideration obligation from acquisition

-

-

-

-

-

0

-

-

-

-

-

Reclassification of restricted cash to accounts receivable

-

-

-

-

-

-

-

-

-

0

-

Reclassification of intangible assets to property and equipment

-

-

-

-

-

-

-

-

953

0

-

Shares issued for Vantage acquisition

-

-

-

-

-

0

-

125

0

237

-

Shares issued for Vantage acquisition

0

2,877

0

5,755

0

-

-

-

-

-

-

Reclassification of current and noncurrent assets to assets held for sale

-

-

-

-

0

17,702

18,890

4,277

30,380

0

-

Acquisition of property and equipment through capital lease

-

-

-

-

-

1,950

1,720

6,000

-

-

-

Reclassification between current and noncurrent assets

-

-

-

-

0

-

-

-

-

-

-

Reclassification of current and noncurrent liabilities to liabilities related to assets held for sale

-

-

-

-

11,171

-

-

-

-

-

-

Accrual of contingent consideration for Vantage acquisition

-

-

0

10,861

0

-

-

-

-

-

-

Assumption of contingent consideration obligation from acquisition

-

-

0

965

0

0

-

-

-

-

-

Exchange of real property for a note receivable

-

-

-

-

-

-

-

-

0

0

-

Common stock redeemed

-

-

-

-

-

-

-

-

144

86

13

Bonuses to employees paid in stock

-

-

-

-

-

-

-

-

-

-

126