Seaworld entertainment, inc. (SEAS)
CashFlow / Quarterly
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'12
Cash Flows From Operating Activities:
Net loss

-56,519

-24,183

98,028

52,651

-37,020

-11,053

95,988

22,697

-62,844

-20,441

55,034

-175,850

-61,129

-11,905

65,655

17,768

-84,049

-11,028

97,950

5,809

-43,598

-25,446

87,176

37,406

-49,217

-12,969

121,103

-15,854

-40,360

-12,022

92,257

39,120

-45,134

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

38,013

40,232

40,822

40,053

39,450

41,320

41,187

40,018

38,430

42,697

42,230

39,500

38,867

42,972

40,921

40,708

75,048

44,034

44,505

50,110

43,854

47,542

44,371

43,086

41,276

41,932

42,322

40,424

41,408

44,890

44,737

41,439

35,909

Amortization of debt issuance costs and discounts

822

824

849

874

899

1,001

1,149

1,154

1,157

1,201

1,144

1,143

1,324

1,326

1,331

1,333

1,335

1,239

1,157

1,685

2,328

2,331

2,354

2,355

2,359

2,361

1,067

3,201

4,240

-861

4,349

4,321

6,087

Loss on impairment or disposal of assets, net

-

-

-

-

-

-7,204

-4,826

-7,255

-396

-4,172

-7,405

-209

-1,739

-

-

-217

-6,502

-2,351

-590

-3,120

-624

-4,098

-601

-185

-908

-1,971

-3,894

-88

-4,147

-5,084

-39

-2,710

-3,390

Loss on early extinguishment of debt and write-off of discounts and debt issuance costs

-

-

-

-

-

-

-

-

-

0

0

123

8,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1

1

-1

-1

-286

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-20,805

-1,707

34,242

22,069

-16,606

-7,584

36,301

11,994

-23,817

-12,040

33,736

-66,372

-41,801

-18,468

71,777

5,585

-49,957

-11,216

58,730

2,772

-27,040

-17,356

53,624

24,376

-32,644

-7,647

64,835

-8,414

-24,046

-21,336

62,297

25,790

-29,814

Equity-based compensation

-3,601

2,662

1,162

4,084

3,198

3,532

5,183

5,892

7,545

3,938

3,245

11,906

4,114

2,919

2,545

2,461

29,590

1,727

1,549

1,398

1,853

444

570

573

762

1,321

2,482

1,902

320

304

325

300

262

Other, including loss on sale or disposal of assets, net

-594

-

-

-

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-7,005

-5,048

-12,850

4,704

2,329

-12,459

-7,052

22,640

21,218

-14,443

-5,589

17,982

5,055

-16,557

-9,013

18,017

5,443

-11,475

-7,511

20,716

1,892

-9,347

-4,410

10,732

-3,231

-10,217

-8,579

19,771

2,240

-12,704

-6,256

15,947

-1,638

Inventories

1,459

-1,640

-6,480

435

6,964

1,246

-5,508

2,121

6,761

-948

-5,311

4,732

4,812

-4,721

-8,603

3,370

7,451

-678

-6,171

872

4,743

-3,266

-7,542

2,520

5,579

-1,133

-8,264

3,666

5,897

-59

-5,120

-1,805

11,140

Prepaid expenses and other current assets

9,586

32,417

-4,082

-1,604

628

5,141

-3,424

-2,583

3,141

3,116

-3,778

-6,720

4,046

8,282

-4,858

-3,112

2,884

2,360

-2,684

-2,724

2,213

3,166

-4,244

-1,063

3,417

5,276

-1,847

-4,211

6,125

4,818

-5,464

-3,538

5,511

Accounts payable and accrued expenses

13,720

-1,042

-11,392

13,452

1,715

4,668

-13,838

5,947

16,540

2,020

-20,428

-1,443

27,198

6,362

-20,941

9,419

8,760

4,294

-28,551

17,761

9,019

-5,045

-28,443

14,061

10,636

8,322

-30,099

14,975

11,095

1,991

-23,844

4,291

11,315

Accrued salaries, wages and benefits

-3,156

-962

1,711

-4,479

-1,737

-4,174

2,442

2,054

5,729

-7,862

9,610

-4,872

-3,332

4,093

5,226

-5,663

5,024

-3,270

-8,078

7,958

-3,348

6,667

-6,625

2,562

-7,532

2,696

-3,290

7,519

-16,017

8,913

-4,440

13,568

-17,142

Deferred revenue

25,875

-14,818

-48,569

12,355

51,697

-10,975

-51,138

25,562

62,162

-17,499

-52,411

17,403

54,875

-23,272

-55,255

22,720

54,271

-21,665

-48,877

19,084

52,401

-15,280

-44,608

12,506

41,293

-16,165

-53,596

25,089

44,766

-17,575

-45,030

17,789

43,372

Other accrued liabilities

-28,349

57,575

3,098

-8,487

5,498

-11,485

1,852

7,171

5,879

-3,241

4,349

7,287

-12,087

4,510

3,470

3,435

866

-8,857

3,453

-7,056

10,113

-14,925

9,744

-5,616

10,034

-15,992

10,989

-8,127

12,306

-20,921

15,095

8,698

-3,632

Right of use assets and operating lease obligations

133

-

-

-

128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

2,266

-904

393

-21

-342

199

-708

1,069

-260

542

-884

-239

-1,817

2,809

-9,827

202

-618

1,604

957

-274

-38

884

-1,009

-1,193

-901

-1,573

573

449

-577

1,673

833

-1,550

-2,284

Net cash (used in) provided by operating activities

-40,767

34,733

146,297

129,698

37,688

26,477

140,644

106,497

20,317

4,678

99,476

82,611

5,692

21,541

147,134

79,506

32,231

6,354

137,838

104,400

37,682

-8,407

136,430

120,498

13,011

13,477

175,253

73,557

24,174

-3,208

161,792

148,972

-8,116

Cash Flows From Investing Activities:
Capital expenditures

49,249

42,337

40,142

64,801

47,937

38,892

43,506

51,550

45,822

32,879

36,463

46,322

56,853

25,022

32,272

55,378

47,846

40,173

33,595

42,861

40,673

31,832

28,962

47,020

46,827

40,406

37,827

55,706

32,319

36,769

39,373

58,540

57,063

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

822

146

-344

-424

200

-101

280

-368

144

-275

504

167

-281

-235

467

-

-

-

-

Other investing activities

-

0

-76

102

-50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-49,249

-42,337

-40,066

-64,903

-47,887

-38,802

-43,378

-52,027

-45,822

-32,750

-34,948

-46,322

-56,853

-24,398

-33,094

-55,524

-47,502

-39,869

-33,795

-42,760

-40,953

-31,464

-31,006

-46,745

-47,331

-40,573

-37,546

-55,471

-32,786

-49,342

-39,373

-58,540

-57,063

Proceeds from the issuance of debt

-

-

-

-

-

-

-

-

-

0

0

0

998,306

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

487,163

Repayments of long-term debt

3,876

3,877

3,876

3,876

3,877

547,812

5,926

5,927

5,927

5,926

5,927

8,720

1,006,336

0

4,212

4,213

4,212

34,212

4,213

264,212

3,513

3,512

35,000

3,513

3,512

3,513

3,513

177,000

5,229

5,229

45,333

5,332

1,786

Proceeds from draws on revolving credit facility

272,500

25,000

50,000

164,000

55,000

40,000

0

10,000

45,000

15,000

0

20,000

60,649

24,351

15,000

10,000

60,000

15,000

0

0

45,000

-

-

-

-

0

0

0

35,000

-

-

-

-

Repayments of revolving credit facility

10,000

25,000

145,000

84,000

20,000

10,000

0

65,000

5,000

0

40,000

45,000

20,000

-

-

-

-

0

0

30,000

15,000

-

-

-

-

0

0

30,000

5,000

133,000

-32,000

-65,000

61,000

Purchase of treasury stock

12,406

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,000

15,000

0

5,650

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to stockholders

-

-

-

-

-

-

-

-

287

-

33

1,392

110

8,550

17,975

21,107

17,674

17,948

18,108

18,164

18,098

18,474

18,232

17,716

17,691

18,051

17,940

0

184

39,797

-7

5,640

457,547

Payment of tax withholdings on equity-based compensation through shares withheld

3,160

220

653

362

3,606

1,035

673

635

1,634

475

143

721

749

25

280

990

334

5

2

831

5

79

4

52

78

-

-

-

-

-

-

-

-

Exercise of stock options

203

217

1,243

1,620

715

1,091

2,006

1,178

7

-

-

-

-

0

0

70

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

234

-

-

-

-

-

-

-

-

0

0

0

15,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,073

0

203

6,821

Other financing activities

-208

-181

-174

-172

-226

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

242,819

-4,061

-98,460

-72,790

28,006

-80,040

-4,614

-60,401

32,159

8,590

-46,103

-35,822

16,370

15,776

-87,467

-36,240

37,792

-67,165

-37,323

-52,078

2,734

-31,415

-53,238

-71,987

-21,281

-66,579

-21,127

16,483

22,304

-44,618

-77,326

-76,175

82,009

Offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,411

2,283

-

-

-

-

Change in Cash and Cash Equivalents, including Restricted Cash

152,803

-11,665

7,771

-7,995

17,807

-92,365

92,652

-5,931

6,654

-19,482

18,425

467

-34,791

12,919

26,573

-12,258

22,521

-100,680

66,720

9,562

-537

-71,286

52,186

1,766

-55,601

-93,675

116,580

34,569

13,692

-97,168

45,093

14,257

16,830

Supplemental Disclosure of Noncash Investing and Financing Activities
Capital expenditures in accounts payable

41,208

13,278

-2,293

-21,067

49,620

7,635

-9,590

-29

32,744

4,791

-13,297

20,895

12,237

8,208

-15,503

-15,192

41,567

10,339

-580

-5,453

24,437

12,114

-8,599

-9,291

31,506

2,711

-6,965

-3,134

34,548

-5,800

-6,289

-3,884

38,669

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

208

-

-

-

1,230

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared, but unpaid

-

-

-

-

-

-

-

-

136

-

-160

-150

815

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-