Boston beer co inc (SAM)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows provided by operating activities:
Net income

110,041

92,663

99,049

87,349

98,414

90,743

70,392

59,467

66,059

50,142

31,118

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

56,271

51,968

51,256

49,557

42,885

35,138

25,903

20,208

18,792

17,427

16,919

Impairment of assets

900

700

2,500

716

258

1,777

1,567

149

666

300

1,049

Loss on disposal of property, plant and equipment

-871

-64

-764

616

515

434

-462

-54

-118

-64

-25

Change in ROU assets

-4,207

-

-

-

-

-

-

-

-

-

-

Bad debt (recovery) expense

45

2

-

244

165

-16

19

59

55

15

-24

Stock-based compensation expense

12,337

10,035

6,316

6,148

6,665

6,857

7,318

6,528

6,178

3,124

4,106

Excess tax benefit from stock-based compensation arrangements

-

-

-

12,524

15,350

17,353

5,282

7,894

5,346

3,014

1,640

Deferred income taxes

7,404

14,350

-22,442

8,243

6,986

15,350

11,630

2,066

-453

4,425

2,131

Changes in operating assets and liabilities:
Accounts receivable

12,260

1,636

-2,945

-2,534

2,289

-5,157

10,542

8,305

3,161

2,146

-177

Inventories

24,932

21,312

1,741

-445

5,155

-5,090

12,036

10,289

7,458

1,056

2,850

Prepaid expenses, income tax receivable and other assets

13,862

552

4,511

-14,936

-11,858

9,447

7,616

-6,123

2,146

3,950

-6,483

Accounts payable

21,417

6,352

245

-1,811

5,985

884

3,173

8,002

-617

-5,832

5,052

Accrued expenses and other current liabilities

18,618

10,130

2,671

5,479

-9,014

-4,578

-14,633

19,491

894

7,340

3,398

Change in operating lease liability

3,277

-

-

-

-

-

-

-

-

-

-

Other liabilities

451

731

-1,021

-6,304

8,732

2,019

361

-329

-711

1,021

-427

Net cash provided by operating activities

178,242

163,447

135,982

154,189

168,683

141,211

99,982

95,330

72,760

67,830

65,565

Cash flows used in investing activities:
Purchases of property, plant and equipment

93,233

55,460

32,987

49,913

74,187

151,784

100,655

66,010

19,599

13,608

16,997

Proceeds from disposal of property, plant and equipment

165

27

25

3,855

-

-

18

41

-

20

8

Cash paid for acquisition of intangible assets

-

50

-

-

100

100

2,753

1,726

-

-

-

Investment in Dogfish Head, net of cash acquired

165,517

-

-

-

-

-

-

-

-

-

-

Other investing activities

244

-139

-33

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-40

-57

-53

-62

628

-

-

-

Net cash used in investing activities

-258,829

-55,344

-32,929

-46,018

-74,230

-151,831

-103,328

-67,323

-19,599

-13,588

-16,989

Cash flows provided by financing activities:
Repurchase of Class A Common Stock

-

88,312

144,602

164,658

135,705

7,859

29,585

18,046

62,824

67,981

7,080

Proceeds from exercise of stock options and sale of investment shares

8,063

22,143

15,415

40,127

42,339

27,272

2,541

5,727

4,107

3,661

2,806

Proceeds from note payable

-

-

-

-

-

-

-

628

-

-

-

Net cash paid on note payable and finance leases

378

78

60

58

54

53

787

-

-

-

-

Cash borrowed on line of credit

97,000

-

-

-

-

-

-

-

-

-

-

Cash paid on line of credit

97,000

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation arrangements

-

-

-

12,524

15,350

17,353

5,282

7,894

5,346

3,014

1,640

Net proceeds from sale of investment shares

1,173

906

796

736

1,408

785

956

803

691

552

465

Net cash provided by (used in) financing activities

8,858

-65,341

-128,451

-111,329

-76,662

37,498

-21,593

-2,994

-52,680

-60,754

-2,169

Change in cash and cash equivalents

-71,729

42,762

-25,398

-3,158

17,791

26,878

-24,939

25,013

481

-6,512

46,407

Supplemental disclosure of cash flow information:
Non cash consideration issued in Dogfish Head Transaction

144,743

-

-

-

-

-

-

-

-

-

-

Income taxes paid

30,760

11,353

43,006

30,978

45,078

42,324

29,442

18,782

40,556

24,769

18,193

Income taxes refunded

18

5,000

-

12,064

17,252

-

-

-

-

-

-

Cash paid for amounts included in measurement of lease liabilities
Operating cash flows from operating leases

4,696

-

-

-

-

-

-

-

-

-

-

Operating cash flows from finance leases

56

-

-

-

-

-

-

-

-

-

-

Financing cash flows from finance leases

313

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for operating lease obligations

57,966

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for finance lease obligations

2,837

-

-

-

-

-

-

-

-

-

-

Interest paid on revolving credit facility

451

-

-

-

-

-

-

-

-

-

-

(Decrease) Increase in accounts payable for repurchase of Class A Common Stock

-

-

-

3,000

3,000

-

-

-

-

-

-

Acquisition of property and equipment under capital lease

-

-

-

-

-

-

252

-

-

-

-

Increase (decrease) in accounts payable for purchase of property, plant and equipment

-3,994

-2,609

2,689

2,678

-1,843

268

-

-

-

-

-

Increase in accrued expenses for purchase of property, plant and equipment

2,638

-

-

-

-

-

-

-

-

-

-

Allocation of purchase consideration to brewery acquisition to the following assets:
Property, plant and equipment

-

-

-

-

-

-

110

338

-

-

-

Tradename

-

-

-

-

-

-

1,608

401

-

-

-

Goodwill

-

-

-

-

-

-

1,145

1,161

-

-

-