RED LION HOTELS CORP RLH Cash Flow

Red lion hotels corp (RLH)

CashFlow / TTM

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)
-25,668	-20,973	-23,272	788	2,570	14,467	23,221	9,235	10,973	-1,488	-4,576	-4,690	-4,143	-4,840	-9,371	-10,328	-11,937	4,016	7,284	9,829	15,954	2,303	-7,236	-11,110	-17,455	-17,047	-6,727	-8,860	-10,623	-14,681	-31,967	-31,189	-9,459	-7,062	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization
13,657	14,567	15,481	15,466	16,058	17,003	17,796	18,842	18,737	18,888	18,733	17,880	17,322	16,281	15,066	14,736	13,841	13,315	12,799	12,452	12,515	12,762	12,869	13,294	13,702	14,147	14,556	14,845	15,360	15,815	16,631	17,210	17,838	19,021	0	0	0
Noncash PIK interest and amortization of debt issuance costs
0	-	0	0	0	-	1,187	1,372	1,482	1,187	1,178	1,169	1,161	1,166	1,232	1,203	1,105	935	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of key money and contract costs
1,224	1,166	1,210	854	843	748	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of contract liabilities
1,135	1,167	1,184	950	790	753	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on asset dispositions, net
14,965	7,067	-118	26,127	27,972	42,021	42,215	16,082	14,373	449	2,035	2,025	2,439	2,437	1,830	1,818	1,394	17,692	17,161	17,032	20,348	4,006	3,529	2,817	-609	-660	-816	-287	-162	-80	-335	3	33,397	33,379	0	0	0
Noncash loss on early retirement of debt
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash loss on early retirement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-
Loss on early retirement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,294	22,944	21,016	16,125	9,449	0	0	0
Loss on early retirement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	86	-	-1	38	6	6	702	1,881	1,239	-764	-3,691	-4,564	-5,912	-8,314	-11,160	-11,520	3,075	4,458	0	0	0
Equity in investments
-	-	-	-	-	-	-	-	-	-	-	-	-	157	217	216	82	-55	-103	-120	-3	-36	-49	-65	-48	-53	-21	6	-3	-1	-34	-40	-45	-52	0	0	0
Stock-based compensation expense
1,237	1,780	3,562	3,781	4,231	3,955	3,813	3,551	3,253	3,309	3,072	2,866	2,728	2,640	2,884	2,722	2,290	1,932	1,498	1,293	1,375	1,455	1,292	1,791	1,849	1,819	1,776	1,261	1,345	1,344	1,352	1,347	1,325	1,251	0	0	0
Provision for doubtful accounts
13,429	3,935	2,143	1,007	1,024	1,014	772	899	528	528	628	366	569	433	286	577	755	654	601	314	167	170	201	165	75	110	98	243	263	423	400	344	388	176	0	0	0
Fair value adjustments to contingent consideration
-	-	-	-	-	581	926	2,223	2,061	1,670	1,664	367	105	339	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Restricted cash for interest payments and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-6	-601	-2,583	-2,417	-2,862	-2,155	-775	-941	-2,625	-1,951	-1,434	-762	0	0	0
Accounts receivable
-1,421	89	-1,501	2,156	4,211	3,644	7,078	2,485	1,561	4,130	2,864	4,666	4,762	3,183	3,817	2,984	2,990	1,901	2,648	1,831	705	635	1,572	973	955	711	-461	-1,199	397	-1,000	-566	1,280	405	1,764	0	0	0
Notes receivable
-	-	-	-	-	-	26	63	58	88	111	97	124	110	58	35	14	167	185	222	293	153	145	108	22	0	0	0	0	-	-	-	0	-	-	-	-
Key money disbursements
750	857	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	-	-	-	0	0	5	-	-407	-296	-178	-234	20	-83	-213	-198	-92	-202	-74	152	-39	194	208	61	179	-68	21	56	0	0	0
Other current assets
0	-	0	0	0	-	0	0	0	-	0	0	2,796	-	504	-13	19	-556	1,786	2,063	1,342	890	-418	-1,115	-157	230	83	-367	239	675	288	271	449	36	0	0	0
Accounts payable
-544	380	-111	2,288	825	1,249	-358	-285	-658	-2,543	-5,483	-4,784	2,283	-1,006	4,397	4,005	-612	3,381	1,587	817	-816	-1,811	-2,690	-1,475	-1,007	-1,261	249	828	-95	1,039	1,035	516	-65	-2,218	0	0	0
Accrued payroll and related benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	189	-305	43	-2,264	0	0	0
Accrued interest payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	709	860	845	-45	0	0	0
Deferred income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17	-14	7	275	0	0	0
Other accrued liabilities
-1,638	-1,497	-1,452	-1,795	756	-203	4,129	1,966	-553	2,114	-1,628	-309	-2,243	-1,738	-5,055	1,008	1,756	5,944	5,851	1,486	1,954	1,399	1,341	2,235	2,685	-912	92	6	128	373	672	-1,716	-2,687	-1,059	0	0	0
Net cash provided by (used in) operating activities
5,120	5,382	9,068	4,287	1,222	-3,514	-2,114	7,863	11,721	14,516	7,489	4,598	7,997	5,562	13,323	18,238	9,925	14,084	1,611	-474	4,740	10,958	9,803	12,088	11,318	7,087	9,549	10,357	9,189	13,470	17,722	11,369	8,878	1,797	0	0	0
Investing activities:
Capital expenditures
4,221	4,939	6,529	7,774	8,423	8,615	7,945	8,046	8,428	9,779	11,269	19,290	31,374	33,511	29,680	28,398	19,488	16,542	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Atlanta hotel property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-8,534	626	1,106	0	11,178	10,162	9,285	8,442	44,816	46,210	47,045	46,278	0	0	0
Acquisition of Vantage Hospitality
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from disposition of property and equipment
81,033	44,137	-90	53,967	68,086	113,748	113,838	59,788	45,690	28	0	0	0	-	-	-	-	38,681	38,870	38,898	54,750	17,316	16,177	18,758	14,474	16,025	24,745	34,229	22,661	20,819	12,101	19	68,349	68,346	0	0	0
Collection of notes receivable
262	283	324	304	83	62	494	494	494	694	728	2,457	2,491	2,309	1,791	69	3,191	3,509	5,213	5,252	2,208	1,914	176	1,905	3,748	3,706	0	0	0	-	-	-	-	-	-	-	-
Advances on notes receivable
0	90	601	601	1,003	1,048	538	527	390	409	1,023	1,034	768	943	953	953	966	652	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	18,085	18,695	6,025	1,000	635	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted cash for property improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances to Red Lion Hotels Capital Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	27	27	27	27	27	27	27	27	0	0	0
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-77	-106	-106	-160	-28	1	-12	-7	-61	100	48	100	97	-433	-154	-46	3	69	-107	-31	430	0	0	0
Net cash provided by (used in) investing activities
77,074	39,391	-7,257	45,647	31,494	76,898	72,282	18,030	30,687	-16,145	-5,957	-22,252	-28,637	-30,688	-65,212	-68,688	-70,890	-30,080	-12,554	7,982	32,954	-5,600	4,334	6,796	3,823	6,441	17,703	26,149	13,395	12,347	-32,811	-46,111	21,308	21,611	0	0	0
Financing activities:
Borrowings on long-term debt, net of discounts
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on long-term debt, net of discounts
-	-	-	-	-	30,000	30,060	30,503	1,065	3,297	8,456	15,235	19,005	24,766	35,939	35,554	44,958	90,772	74,380	67,543	53,807	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt and finance leases
63,490	45,943	22,610	78,557	69,697	107,999	108,313	50,468	39,539	1,373	5,898	5,569	5,245	4,939	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of line of credit borrowing
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from line of credit borrowing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,122	2,966	2,966	5,209	10,844	0	0	0
Repayment of credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,966	2,966	2,966	2,209	0	0	0	0
Repayment of debentures to Red Lion Hotels Capital Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,825	19,570	20,163	29,778	0	-27,920	-28,513	-93	0	48,208	58,226	21,002	20,474	17,075	25,011	25,024	25,542	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	41	24	143	169	181	741	892	1,639	4,028	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
-7,431	0	-13,238	3,654	7,735	304	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock compensation, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	227	247	266	255	402	382	364	876	0	0	0
Proceeds from issuance of common stock under employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	102	121	121	129	0	0	0
Contingent consideration paid for Vantage Hospitality acquisition
-	-	-	-	-	7,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation awards canceled to settle employee tax withholding
1,889	2,150	2,167	2,202	549	647	644	645	577	361	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of interests in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	3,193	5,090	7,584	7,890	23,461	21,565	19,071	17,071	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Stock option and stock purchase plan issuances, net and other
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	57	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction of additional paid in capital for repurchased restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-903	-835	14	9	920	855	25	258	288	727	761	1,694	0	0	0
Tax benefit associated with stock based plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-69,189	-32,754	-3,503	-66,364	-46,953	-98,453	-96,404	-31,795	-45,689	-1,122	19,482	25,318	29,907	37,533	3,886	6,367	17,246	45,847	58,559	50,357	25,630	-13,065	-12,941	-12,367	-6,783	-6,947	-14,096	-24,242	-20,867	-21,321	-16,801	-7,165	-32,352	-25,439	0	0	0
Change in cash, cash equivalents and restricted cash:
Net increase (decrease) in cash, cash equivalents and restricted cash
13,005	12,019	-1,692	-16,430	-14,237	-25,069	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	-	-	-	0	0	9,267	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,196	6,517	8,358	6,581	13,156	12,264	1,717	4,496	-31,890	-41,907	-2,166	-2,031	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during years for:
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	103	111	32	35	31	30	24	24	26	44	64	65	66	46	63	83	85	149	267	499	490	415	0	0	0
Interest on debt
-	-	-	-	-	-	-	-	-	-	-	-	5,342	-	5,215	5,427	5,536	5,604	5,775	5,067	4,706	4,514	4,561	4,784	6,045	5,629	6,724	7,410	6,846	7,000	6,490	6,575	7,044	8,418	0	0	0
Non-cash operating, investing and financing activities:
Reclassification of long-term debt to current
-	-	-	-	-	-	-	-	-	-	-	-	1,599	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of common stock for noncontrolling interest in partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	50	50	50	0	0	0	0
Conversion of restricted cash to accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	75	75	75	0	0	0	0
Reclassification of long-term note receivable to short-term
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	210	210	210	210	0	0	0	0
Reclassification of current and noncurrent liabilities to liabilities held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	51	51	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
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,834	277	36	261	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of property and other assets to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,416	36,413	19,020	18,890	-12,238	-8,976	4,218	4,277	39,388	34,555	-8,186	30,380	0	0	0
Property and equipment, purchases not yet paid
-	-	-	-	-	-	-	-	-	-	-	-	898	2,238	2,989	7,237	4,687	2,930	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares issued for Vantage acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	125	0	0	0	-	-	-	-
Shares issued for Vantage acquisition
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of current and noncurrent assets to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,702	36,416	36,413	19,020	18,890	-12,238	-8,976	4,218	4,277	39,388	34,555	-8,186	30,380	0	0	0
Acquisition of property and equipment through capital lease
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification between current and noncurrent assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclassification of goodwill to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0