Boston beer co inc (SAM)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows provided by operating activities:
Net income

104,581

110,041

118,090

111,368

107,047

92,663

101,382

97,058

102,648

99,049

90,685

88,532

86,028

87,349

81,298

88,392

91,703

98,414

101,373

100,675

96,171

90,743

89,748

77,508

71,795

70,392

69,186

64,250

58,886

59,467

60,379

55,925

69,593

66,059

0

0

0

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

59,353

56,271

54,949

52,046

52,011

51,968

51,744

51,651

51,352

51,256

50,624

50,700

50,252

49,557

48,613

46,903

44,602

42,885

41,725

40,202

38,255

35,138

32,408

29,831

28,000

25,903

23,805

22,038

20,575

20,208

20,352

19,460

19,063

18,792

0

0

0

Impairment of assets

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

666

0

0

0

Loss on disposal of property, plant and equipment

-

-871

-468

-142

-478

-64

-238

-768

-594

-764

-173

418

621

951

1,410

1,365

1,153

515

0

0

0

-

-

-

-

-462

-298

-226

-379

-54

-86

-19

-97

-118

0

0

0

Change in ROU assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt (recovery) expense

0

-

-

-

-

2

0

0

0

-

584

316

281

244

-17

159

174

165

-164

-185

-233

-16

220

111

225

19

21

80

52

59

-8

2

48

55

0

0

0

Stock-based compensation expense

12,837

12,337

12,083

11,275

10,644

10,035

8,718

7,473

6,226

6,316

2,619

3,820

5,043

6,148

9,569

8,774

7,730

6,665

6,751

6,552

6,542

6,857

6,879

7,473

7,717

7,318

7,110

6,436

6,680

6,528

6,608

6,530

6,458

6,178

0

0

0

Excess tax benefit from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

12,524

14,624

8,343

6,651

15,350

21,308

22,069

21,831

17,353

9,450

8,588

9,005

5,282

5,606

7,275

8,665

7,894

10,082

8,623

7,161

5,346

0

0

0

Deferred income taxes

8,754

7,404

15,579

19,858

15,201

14,350

-6,043

-21,692

-22,381

-22,442

-802

6,893

8,009

8,243

13,462

6,499

7,342

6,986

14,181

17,313

15,442

15,350

11,900

11,737

11,741

11,630

0

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-3,756

12,260

7,756

15,331

5,473

1,636

10,809

3,705

15,046

-2,945

-2,913

-5,188

-10,076

-2,534

-10,947

4,278

1,011

2,289

7,286

-5,372

-1,854

-5,157

-2,682

14,394

15,867

10,542

18,459

8,761

5,529

8,305

3,351

8,308

3,195

3,161

0

0

0

Inventories

33,435

24,932

17,323

17,618

28,499

21,312

13,247

13,828

5,108

1,741

5,988

1,321

-921

-445

2,042

4,126

5,941

5,155

-2,293

-7,213

-5,211

-5,090

97

12,898

9,296

12,036

21,373

14,268

13,581

10,289

7,370

5,338

4,234

7,458

0

0

0

Prepaid expenses, income tax receivable and other assets

16,082

13,862

6,070

11,731

-5,473

552

15,748

6,899

6,416

4,511

-5,947

-5,147

-3,987

-14,936

-3,037

8,949

9,512

-11,858

-16,077

-27,254

-25,957

9,447

6,763

3,206

7,490

7,616

1,199

-379

-263

-6,123

-2,856

3,479

1,562

2,146

0

0

0

Accounts payable

21,281

21,417

8,180

12,109

18,453

6,352

15,434

12,228

8,798

245

8,131

5,764

-11,890

-1,811

-10,753

-4,580

7,672

5,985

11,022

9,730

4,033

884

-1,868

2,314

2,792

3,173

7,408

5,510

3,681

8,002

1,470

-79

-237

-617

0

0

0

Accrued expenses and other current liabilities

17,504

18,618

18,770

1,308

10,240

10,130

2,736

5,165

8,691

2,671

-1,642

4,739

1,166

5,479

-18,258

383

-5,188

-9,014

-3,619

-24,774

-13,946

-4,578

-21,798

-1,354

-8,116

-14,633

33,056

19,619

16,397

19,491

8,766

-1,800

-1,564

894

0

0

0

Change in operating lease liability

4,142

3,277

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

332

451

245

1,060

1,408

731

62

-1,011

-1,531

-1,021

-248

-54

-4,923

-6,304

-5,491

1,804

7,036

8,732

9,816

2,327

2,089

2,019

472

604

619

361

-110

-229

-413

-329

-179

-578

-574

-711

0

0

0

Net cash provided by operating activities

183,523

178,242

198,073

165,236

187,505

163,447

135,799

128,681

130,607

135,982

154,065

163,912

139,882

154,189

134,572

141,648

156,725

168,683

181,120

181,245

171,246

141,211

135,667

120,314

104,003

99,982

97,418

90,026

80,746

95,330

79,628

53,618

76,827

72,760

0

0

0

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

98,547

93,233

83,468

74,568

66,063

55,460

48,324

41,736

37,483

32,987

36,220

40,680

43,883

49,913

55,689

61,261

68,510

74,187

79,098

102,213

126,302

151,784

155,846

143,543

123,648

100,655

89,597

79,774

73,669

66,010

56,823

45,376

30,869

19,599

0

0

0

Proceeds from disposal of property, plant and equipment

199

165

169

204

26

27

11

11

20

25

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisition of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

0

0

0

-

-

-

-

-

-

-

-

1,726

0

0

0

-

-

-

-

Other investing activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

0

-128

-

26

21

0

-40

-62

-56

-56

-57

-55

-55

-55

-53

-55

-55

-55

-62

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-264,041

-258,829

-248,873

-232,963

-66,031

-55,344

-48,140

-41,589

-37,335

-32,929

-32,379

-36,830

-40,021

-46,018

-55,623

-61,205

-68,454

-74,230

-79,143

-102,358

-126,447

-151,831

-155,873

-146,223

-126,328

-103,328

-91,389

-78,922

-73,443

-67,323

-59,035

-47,479

-32,346

-19,599

0

0

0

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

-

-

-

-

-

88,312

111,378

106,147

127,974

144,602

148,138

115,163

134,151

164,658

189,966

240,598

189,990

135,705

0

0

0

-

-

-

-

29,585

35,063

40,050

29,012

18,046

24,522

47,779

65,029

62,824

0

0

0

Proceeds from exercise of stock options and sale of investment shares

8,036

8,063

8,234

4,760

5,807

22,143

21,784

22,882

20,850

15,415

17,834

24,668

33,649

40,127

38,791

31,528

22,941

42,339

44,831

44,478

44,021

27,272

23,713

23,451

23,693

2,541

3,626

4,528

5,688

5,727

7,167

6,486

5,467

4,107

0

0

0

Net cash paid on note payable and finance leases

515

378

246

115

87

78

78

78

63

60

60

60

60

58

58

58

58

54

54

54

54

53

596

778

778

787

0

0

0

-

-

-

-

-

-

-

-

Payment of tax withholdings on stock-based payment awards and investment shares

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash borrowed on line of credit

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

12,524

14,624

8,343

6,651

15,350

21,308

22,069

21,831

17,353

9,450

8,588

9,005

5,282

5,606

7,275

8,665

7,894

10,082

8,623

7,161

5,346

0

0

0

Net proceeds from sale of investment shares

-

-

-

-

-

906

855

779

667

796

810

860

781

736

824

939

1,157

1,408

1,025

962

932

785

1,090

1,055

975

956

936

936

923

803

765

731

759

691

0

0

0

Net cash provided by (used in) financing activities

107,135

8,858

9,041

-5,435

-65,232

-65,341

-88,817

-82,564

-106,520

-128,451

-128,907

-83,011

-91,096

-111,329

-136,295

-199,846

-159,299

-76,662

-24,543

36,814

49,381

37,498

33,658

32,317

18,007

-21,593

-25,139

-27,373

-13,170

-2,994

-5,880

-31,311

-51,642

-52,680

0

0

0

Change in cash and cash equivalents

26,617

-71,729

-41,759

-73,162

56,242

42,762

-1,158

4,528

-13,248

-25,398

-7,221

44,071

8,765

-3,158

-57,346

-119,403

-71,028

17,791

77,434

115,701

94,180

26,878

13,452

6,408

-4,318

-24,939

-19,110

-16,269

-5,867

25,013

14,713

-25,172

-7,161

481

0

0

0

Supplemental disclosure of cash flow information:
Income taxes paid

30,558

30,760

16,860

21,695

11,101

11,353

31,850

41,549

43,240

43,006

31,447

27,135

29,240

30,978

43,025

43,995

46,624

45,078

43,125

44,457

40,790

42,324

35,453

26,445

27,104

29,442

26,789

22,114

21,863

18,782

23,825

37,482

41,086

40,556

0

0

0

Decrease in accounts receivable for ASU 2014-09 adoption

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes refunded

-

-

-

-

-

-

-

-

-

-

64

66

66

12,064

12,029

12,026

12,000

17,252

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

5,908

4,696

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating cash flows from finance leases

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing cash flows from finance leases

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

42,020

57,966

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

2,837

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in purchase of property, plant and equipment in accounts payable and accrued expenses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of property and equipment under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

252

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-2,609

3,106

7,013

3,689

2,689

-2,320

-1,742

2,791

2,678

-1,383

161

-1,862

-1,843

-2,347

-8,816

-3,577

268

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

338

0

0

0

-

-

-

-

Tradename

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

401

0

0

0

-

-

-

-

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,161

0

0

0

-

-

-

-