Smart & final stores, inc. (SFS)
CashFlow / Quarterly
Mar'19Dec'18Sep'18Jun'18Mar'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15May'15Mar'15Mar'14
Operating activities
Net loss

-6,677

-121,822

10,160

6,601

-7,094

-7,094

-146,556

5,106

7,128

-4,592

-

-

-

-

-

-

-

-

-

Net (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

7,806

-1,638

9,961

12,380

11,038

4,883

2,507

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

12,714

13,750

17,346

13,727

13,880

13,880

14,063

18,537

13,206

12,783

12,964

16,669

11,563

10,189

9,603

12,357

8,569

8,056

7,652

Amortization

10,698

9,532

12,483

9,398

9,412

9,412

9,261

12,514

9,108

8,900

9,536

11,059

7,690

7,345

7,493

9,529

6,714

6,445

6,367

Amortization of debt discount and debt issuance costs

472

439

683

459

459

459

423

594

446

445

471

760

641

639

666

821

638

655

735

Share-based compensation

2,703

2,293

3,615

3,157

3,285

3,285

3,056

4,200

2,490

1,814

2,555

3,830

1,911

1,507

1,922

3,178

2,519

2,384

-

Excess tax benefits related to share-based payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

215

5

55

-

Deferred income taxes

-628

-

-366

2,062

-257

-257

-

-1,030

240

284

-861

203

-365

-446

1,883

3,320

-995

-883

-

Equity in earnings of joint venture

433

492

651

373

577

577

347

362

47

167

295

502

284

444

333

138

392

515

452

Loss (gain) on disposal of property, plant, and equipment

-85

-108

-590

-1

32

32

1

64

7

-21

-248

31

13

-78

2

12

23

3

2

Asset impairment

322

15,933

1,560

197

1,425

1,425

366

880

225

325

533

609

53

128

851

49

82

431

73

Changes in operating assets and liabilities:
Accounts receivable, net

1,015

-1,166

5,967

2,403

-3,452

-3,452

-870

900

5,621

-2,663

-274

1,926

3,475

-2,401

4,722

1,215

1,820

-4,120

118

Inventories

-15,036

9,975

6,965

-2,742

-1,972

-1,972

18,385

4,758

-129

-12,020

23,244

9,583

10,641

961

2,071

17,652

3,475

-12,313

-19,057

Prepaid expenses and other assets

-6,494

-13,651

7,548

-12,700

-7,520

-7,520

15,999

1,914

-29,842

11,524

17,493

8,486

-8,235

6,218

16,822

-1,062

-5,497

-9,061

1,111

Operating lease assets

-17,528

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-30,215

4,117

13,732

1,129

-24,319

-24,319

20,540

-6,317

14,012

-8,453

19,963

-7,100

26,932

-8,717

2,629

11,231

15,220

-19,828

-4,120

Accrued salaries and wages

652

2,530

1,771

1,380

-5,140

-5,140

1,043

1,900

1,827

-487

-3,607

3,834

1,496

-3,649

5,076

3,826

-5,569

1,944

1,244

Operating lease liabilities

-19,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

3,968

-4,345

3,697

-3,655

14,209

14,209

12,443

4,516

849

7,279

9,518

4,223

-3,355

12,037

14,786

5,022

-7,246

9,059

692

Net cash provided by operating activities

12,051

31,760

44,140

47,122

18,195

18,195

41,455

32,902

73,827

21,311

-

-

-

-

-

-

-

-

-

Investing activities
Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

48,194

12,251

-

43,543

32,944

38,067

32,524

Purchases of property, plant, and equipment

22,208

20,281

37,578

32,835

25,478

25,478

42,269

44,432

38,076

24,570

34,848

42,849

42,129

28,217

31,713

41,675

36,430

22,920

13,645

Proceeds from disposal of property, plant, and equipment

137

3,415

0

0

33

33

8

43

22

1,785

1,822

34

23

386

1

12

3,202

4,889

15

Assets acquired in Haggen Transaction

-

-

-

-

-

-

-

-

-

-

-22

-8

-426

-1,801

-

-

-

-

-

Investment in capitalized software

3,899

6,892

4,734

3,589

3,523

3,523

3,811

3,669

2,312

4,524

441

1,367

689

696

1,011

580

1,211

1,463

599

Other

167

-186

198

14

19

19

203

121

403

55

-82

1,827

70

209

25

-52

44

1,260

39

Net cash used in investing activities

-26,137

-23,572

-42,510

-36,438

-28,987

-28,987

-46,275

-48,179

-40,769

-27,364

-

-

-

-

-

-

-

-

-

Financing activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-43,291

-30,537

-

-42,191

-34,483

-20,754

-14,268

Proceeds from exercise of stock options

27

1,516

455

1,094

336

336

448

154

1,291

2,335

1,190

1,694

1,637

146

523

89

0

107

-

Payment of minimum withholding taxes on net share settlement of share-based compensation awards

45

20

306

274

65

65

24

302

1,418

106

17

546

15

91

-

-

-

-

-

Fees paid in conjunction with debt financing

31

94

43

106

31

31

91

31

92

31

126

8,241

102

31

99

32

1,173

31

31

Borrowings on bank line of credit

36,000

22,000

5,000

15,000

27,000

27,000

25,000

25,000

10,000

28,000

27,000

30,000

15,000

25,000

-

-

-

-

-

Payments on bank line of credit

31,000

27,000

28,000

26,000

39,000

39,000

14,000

5,000

30,000

22,000

-

-

-

-

-

-

-

-

-

Principal payments on finance leases

210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from landlord related to financing lease obligations

-

-

-

-

-

6,671

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash received from landlords related to financing lease obligations

-

-

-

8,026

6,671

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on bank debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,800

Payments of public offering issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

214

-

Excess tax benefits related to share- based payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

215

5

55

-

Stock repurchases

-

-

-

-

-

-

0

6,879

-1

5,995

5,526

22,894

2,112

2,992

-

-

-

-

-

Net cash provided by (used in) financing activities

4,741

-3,145

-3,670

-2,260

-5,089

-5,089

15,601

12,942

-20,218

2,203

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-9,345

-

-

-

-

-15,881

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

8,424

-15,881

-

-

-

12,840

-3,850

-

-

-

-

-

-

-

-

-

Contingent consideration related to acquisition of Smart & Final Holdings Corp

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-592

22,032

-

-405

-1,185

-83

-2,079

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

4,311

3,746

-

947

-2,724

17,230

16,177

Cash paid during the period for:
Interest

6,720

10,163

12,750

15,305

1,116

1,116

7,766

15,179

8,672

2,340

7,984

14,299

7,231

236

7,055

10,964

11,231

212

7,103

Income taxes

-

-

-

-

-

-

-

-

-

-

2,357

2,615

5,472

4

13,500

3,207

6,252

770

-

Non-cash investing and financing activities
Software development costs incurred but not paid

1,509

-1,479

-497

1,890

2,115

2,115

1,066

-9

-4

344

-17

-449

411

79

-

-

-68

117

49

Construction in progress costs incurred but not paid

12,752

-5,759

-1,952

5,575

14,888

14,888

-7,259

16,459

-1,903

11,537

-1,625

153

-118

13,660

-7,613

4,094

-3,894

15,947

17,831

Property acquired through financing lease obligations

-

3,661

9,029

5,108

232

232

-

-

-

-

-

-

-

-

-

-

-

-

-