RED LION HOTELS CORP RLH Cash Flow

Red lion hotels corp (RLH)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities:
Net income (loss)
-9,254	-6,522	-6,447	-3,445	-4,559	-8,821	17,613	-1,663	7,338	-67	3,627	75	-5,123	-3,155	3,513	622	-5,820	-7,686	2,556	-987	10,133	-4,418	5,101	5,138	-3,518	-13,957	1,227	-1,207	-3,110	-3,637	-906	-2,970	-7,168	-20,923	-128	18,760	-4,771
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization
2,537	3,375	3,636	4,109	3,447	4,289	3,621	4,701	4,392	5,082	4,667	4,596	4,543	4,927	3,814	4,038	3,502	3,712	3,484	3,143	2,976	3,196	3,137	3,206	3,223	3,303	3,562	3,614	3,668	3,712	3,851	4,129	4,123	4,528	4,430	4,757	5,306
Noncash PIK interest and amortization of debt issuance costs
182	-	680	202	47	-	111	189	592	295	296	299	297	286	287	291	302	352	258	193	132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of key money and contract costs
264	169	538	253	206	213	182	242	111	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of contract liabilities
165	173	460	337	197	190	226	177	160	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on asset dispositions, net
7,892	7,112	-1	-38	-6	-73	26,244	1,807	14,043	121	111	98	119	1,707	101	512	117	1,100	89	88	16,415	569	-40	3,404	73	92	-752	-22	22	-64	-223	103	104	-319	115	33,497	86
Noncash loss on early retirement of debt
-750	-	0	-67	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash loss on early retirement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-49	-395	444	0	-	-	-	-	-	-	-	-
Loss on early retirement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-85	1,159	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	643	4,084	4,891	6,676	7,293	2,156	0	0
Loss on early retirement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment
1,760	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-65	-	347	46	52	-	-885	-642	82	-	152	151	113	-	165	34	34	-	-38	31	7	-1	1	-1	7	695	1,180	-643	-1,996	-2,232	307	-1,991	-4,398	-5,078	-53	12,604	-3,015
Equity in investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-14	0	1	170	46	-1	-133	33	-2	-18	-16	0	-15	-34	1	-5	17	-7	-8	-3	-16	-13	-13	-10
Stock-based compensation expense
373	-723	941	646	916	1,059	1,160	1,096	640	917	898	798	696	680	692	660	608	924	530	228	250	490	325	310	330	327	824	368	300	284	309	452	299	292	304	430	225
Provision for doubtful accounts
9,739	2,155	1,308	227	245	363	172	244	235	121	299	-127	235	221	37	76	99	74	328	254	-2	21	41	107	1	52	5	17	36	40	150	37	196	17	94	81	-16
Fair value adjustments to contingent consideration
-	-	-	-	-	0	0	424	157	345	1,297	262	-234	339	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Restricted cash for interest payments and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	641	1,923	5,358	-	0	0	0	-6	-595	-1,982	166	-451	112	-602	0	-2,135	786	-85	672
Accounts receivable
-501	-2,059	1,328	-189	1,009	-3,649	4,985	1,866	442	-215	392	942	3,011	-1,481	2,194	1,038	1,432	-847	1,361	1,044	343	-100	544	-82	273	837	-55	-100	29	-335	-793	1,496	-1,368	99	1,053	621	-9
Notes receivable
-	-	-	-	-	-	0	1	6	19	37	-4	36	42	23	23	22	-10	0	2	175	8	37	73	35	0	0	-13	13	-	-	-	0	-	-	-	-
Key money disbursements
129	192	130	299	236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	-	-	-	-16	48	0	-	0	16	-79	-344	111	134	-135	-90	8	4	-120	16	-102	132	106	-175	131	146	-41	-57	-116	235	-6
Other current assets
-504	-	-159	-1,471	616	-	366	-3,421	4,795	-	855	-778	1,247	-	1,242	117	600	-1,455	725	149	25	887	1,002	-572	-427	-421	305	386	-40	-568	-145	992	396	-955	-162	1,170	-17
Accounts payable
459	335	-2,782	1,444	1,383	-156	-383	-19	1,807	-1,763	-310	-392	-78	-4,703	389	6,675	-3,367	700	-3	2,058	626	-1,094	-773	425	-369	-1,973	442	893	-623	-463	1,021	-30	511	-467	502	-611	-1,642
Accrued payroll and related benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-98	929	496	-	-773	1,436	1,179	-1,653	-1,267	1,784	-1,128
Accrued interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	-859	726	-	-155	-21	905	-20	-4	-36	15
Deferred income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-21	7	0	0	0	275
Other accrued liabilities
-1,858	-327	55	492	-1,717	-282	-288	3,043	-2,676	4,050	-2,451	524	-9	308	-1,132	-1,410	496	-3,009	4,931	-662	4,684	-3,102	566	-194	4,129	-3,160	1,460	256	532	-2,156	1,374	378	777	-1,857	-1,014	-593	2,405
Net cash provided by (used in) operating activities
-2,294	427	1,900	5,087	-2,032	4,113	-2,881	2,022	-6,768	5,513	7,096	5,880	-3,973	-1,514	4,205	9,279	-6,408	6,247	9,120	966	-2,249	-6,226	7,035	6,180	3,969	-7,381	9,320	5,410	-262	-4,919	10,128	4,242	4,019	-667	3,775	1,751	-3,062
Investing activities:
Capital expenditures
782	835	1,261	1,343	1,500	2,425	2,506	1,992	1,692	1,755	2,607	2,374	3,043	3,245	10,628	14,458	5,180	-586	9,346	5,548	2,234	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Atlanta hotel property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-5,348	2,246	3,102	-8,534	3,812	2,726	1,996	2,644	2,796	1,849	1,153	39,018	4,190	2,684	386
Acquisition of Vantage Hospitality
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from disposition of property and equipment
36,896	44,137	0	0	0	-90	54,057	14,119	45,662	0	7	21	0	-	-	-	-	951	1	0	37,729	1,140	29	15,852	295	1	2,610	11,568	1,846	8,721	12,094	0	4	3	12	68,330	1
Collection of notes receivable
0	21	20	221	21	62	0	0	0	494	0	0	200	528	1,729	34	18	10	7	3,156	336	1,714	46	112	42	-24	1,775	1,955	0	-	-	-	-	-	-	-	-
Advances on notes receivable
0	0	0	0	90	511	0	402	135	1	-11	265	154	615	0	-1	329	625	0	12	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	25	12,670	5,025	365	635	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted cash for property improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,156	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances to Red Lion Hotels Capital Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	27	-	0	0	27	0	0	0	27	0	0	0	27
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	-78	-28	0	-54	54	1	-13	-49	0	162	-65	3	-3	-368	214	111	46	-302	38	187	507
Net cash provided by (used in) investing activities
36,114	43,323	-1,241	-1,122	-1,569	-3,325	51,663	-15,275	43,835	-7,941	-2,589	-2,618	-2,997	2,247	-18,884	-9,003	-5,048	-32,277	-22,360	-11,205	35,762	-14,751	-1,824	13,767	-2,792	-4,817	638	10,794	-174	6,445	9,084	-1,960	-1,222	-38,713	-4,216	65,459	-919
Financing activities:
Borrowings on long-term debt, net of discounts
0	-	-	-	16,513	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on long-term debt, net of discounts
-	-	-	-	-	0	0	30,000	0	60	443	562	2,232	5,219	7,222	4,332	7,993	16,392	6,837	13,736	53,807	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt and finance leases
17,717	23,433	2,227	20,113	170	100	58,174	11,253	38,472	414	329	324	306	4,939	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of line of credit borrowing
10,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from line of credit borrowing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	757	1,365	844	0	3,000	7,000
Repayment of credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	757	2,209	0	0	0	0
Repayment of debentures to Red Lion Hotels Capital Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	297	0	0	30,528	-10,958	593	9,615	750	-38,878	0	38,035	843	9,330	10,018	811	315	5,931	17,954	824	833
Debt issuance costs
-	-	-	-	-	-	-	-	-	6	6	7	22	-11	125	33	34	549	276	780	2,423	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
0	-7,430	-1	0	7,431	-20,668	16,891	4,081	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock compensation, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	-	0	0	11	216	20	19	0	363	0	1	512
Proceeds from issuance of common stock under employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	0	49	-	47	0	55	0	66	0	63
Contingent consideration paid for Vantage Hospitality acquisition
-	-	-	-	-	3,000	0	0	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation awards canceled to settle employee tax withholding
81	15	4	1,789	342	32	39	136	440	29	40	68	224	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of interests in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	1,694	1,500	1,896	2,494	2,000	17,071	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock option and stock purchase plan issuances, net and other
45	-	112	-7	112	-	99	45	94	-	134	-9	69	-	88	-9	77	-	61	49	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction of additional paid in capital for repurchased restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161	-	-	-	-49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	5	-909	68	850	0	2	3	20	233	32	442	54	1,166
Tax benefit associated with stock based plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	100	-	-	-14	0	-	-	-	-
Net cash provided by (used in) financing activities
-27,753	-33,139	-2,268	-6,029	8,682	-3,888	-65,129	13,382	-42,818	-1,839	-520	-512	1,749	18,765	5,316	4,077	9,375	-14,882	7,797	14,956	37,976	-2,170	-405	-9,771	-719	-2,046	169	-4,187	-883	-9,195	-9,977	-812	-1,337	-4,675	-341	-25,999	5,576
Change in cash, cash equivalents and restricted cash:
Net increase (decrease) in cash, cash equivalents and restricted cash
6,067	10,611	-1,609	-2,064	5,081	-3,100	-16,347	129	-5,751	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	3,987	2,750	-5,221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	3,987	2,750	-5,221	-	-9,363	4,353	-2,081	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,443	4,717	71,489	-	4,806	10,176	458	-14,244	10,127	12,017	-1,319	-7,669	9,235	1,470	1,460	-44,055	-782	41,211	1,595
Supplemental disclosure of cash flow information:
Cash paid during years for:
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	6	89	0	8	14	10	3	4	13	4	3	6	31	24	4	7	11	41	24	9	75	159	256	0	0
Interest on debt
-	-	-	-	-	-	-	-	-	-	-	-	1,155	-	1,494	1,395	1,298	1,028	1,706	1,504	1,366	1,199	998	1,143	1,174	1,246	1,221	2,404	758	2,341	1,907	1,840	912	1,831	1,992	2,309	2,286
Non-cash operating, investing and financing activities:
Reclassification of long-term debt to current
-	-	-	-	-	-	-	-	-	-	-	-	130	-	74	5,838	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of common stock for noncontrolling interest in partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	50	0	0	0	0
Conversion of restricted cash to accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	75	0	0	0	0
Reclassification of long-term note receivable to short-term
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	0	0	210	0	0	0	0
Reclassification of current and noncurrent liabilities to liabilities held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-29	80	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Funds received in advance for sale of joint venture - classified as restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of long-term note receivable to short-term
-	-	-	-	-	-	-	-	-	-	-	-	-	-	9	14	2	-1,859	2,120	-227	227	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of property and other assets to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	17,527	137	18,734	15	134	7	-12,394	3,277	13,328	66	22,717	-1,556	-29,413	38,632
Property and equipment, purchases not yet paid
-	-	-	-	-	-	-	-	-	-	-	-	417	2,179	-4,248	2,550	1,757	2,930	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares issued for Vantage acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	125	-	-	-	-
Shares issued for Vantage acquisition
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of current and noncurrent assets to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	18	17,527	137	18,734	15	134	7	-12,394	3,277	13,328	66	22,717	-1,556	-29,413	38,632
Acquisition of property and equipment through capital lease
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification between current and noncurrent assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of goodwill to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,726	5,312