| Feb'19 | Feb'18 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
NET LOSS | |||||||||
-53,464 | -95,057 | -95,057 | -131,919 | -27,261 | -168,805 | 35,550 | 60,080 | 33,056 | 49,756 |
Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||||||||
Depreciation, Depletion and Amortization | |||||||||
12,374 | 13,039 | 13,039 | 13,458 | 10,562 | 8,935 | 12,006 | 9,474 | 9,774 | 11,402 |
Deferred income taxes | |||||||||
- | - | 0 | -79,141 | 6,431 | 7,129 | -18,614 | 1,641 | -904 | -4,067 |
Gain (Loss) on Disposition of Property Plant Equipment | |||||||||
1,358 | 0 | 0 | 25,203 | 0 | 113 | 1,567 | 0 | 0 | - |
Amortization of debt issuance costs | |||||||||
2,946 | 2,174 | - | - | - | - | - | - | - | - |
Impairment of goodwill, property, and equipment | |||||||||
- | - | - | - | - | 168,237 | - | - | - | - |
Impairment of goodwill | |||||||||
- | - | - | - | - | - | 0 | - | - | - |
Impairment of property and equipment | |||||||||
2,100 | 3,400 | 3,357 | 9,356 | 3,984 | - | - | - | - | - |
Provision for (recovery of) losses on franchisee receivables | |||||||||
2,594 | 7,361 | 7,361 | -791 | 25,426 | 13,055 | 0 | - | - | - |
Share-based compensation | |||||||||
0 | -103 | -103 | 109 | -70 | 866 | 911 | 0 | 0 | - |
Change in operating assets and liabilities: | |||||||||
Accounts and franchisee receivables | |||||||||
-162 | 2,508 | 2,508 | -2,255 | -1,056 | 12,988 | 26,823 | 10,301 | 11,042 | 2,212 |
Merchandise inventories | |||||||||
-59,009 | -37,521 | -37,521 | -61,031 | -7,897 | -39,364 | 53,670 | 34,779 | -947 | 15,089 |
Payable to related party | |||||||||
-14,002 | -52,642 | -52,642 | 26,598 | -6,963 | -7,307 | -11,095 | 79,491 | 0 | 0 |
Accounts payable | |||||||||
4,089 | -2,112 | -2,112 | -21,909 | 24,874 | -9,241 | -7,701 | 14,674 | 623 | 1,583 |
Store closing accrual | |||||||||
-2,010 | -3,004 | -3,004 | 7,659 | 0 | 0 | - | - | - | - |
Store closing accruals | |||||||||
- | - | - | - | - | - | - | -2,201 | 2,201 | 0 |
Customer deposits | |||||||||
-3,829 | -3,287 | -3,287 | -4,316 | -5,982 | -5,306 | 633 | 3,046 | 4,903 | 3,482 |
Other operating assets and liabilities, net | |||||||||
-6,477 | 10,385 | 8,211 | -13,413 | 1,547 | - | - | - | - | - |
Other operating assets | |||||||||
- | - | - | - | - | -1,069 | -1,525 | 2,602 | 1,654 | -1,352 |
Other operating liabilities | |||||||||
- | - | - | - | - | 3,763 | -22,751 | 6,343 | -1,247 | -5,387 |
Net cash provided by operating activities | |||||||||
15,077 | -105,646 | -105,646 | 28,882 | 25,545 | 24,400 | -54,368 | 121,584 | 38,465 | 48,954 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Proceeds from sale of assets | |||||||||
2,837 | 0 | 0 | 26,073 | 0 | 154 | 2,641 | 0 | 0 | - |
Purchases of property and equipment | |||||||||
6,438 | 9,228 | 9,228 | 12,198 | 11,430 | 12,849 | 10,704 | 8,110 | 9,991 | 5,819 |
Net cash used in investing activities - continuing operations | |||||||||
-3,601 | -9,228 | -9,228 | 13,875 | -11,430 | -12,695 | -8,063 | -8,110 | -9,991 | -5,819 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Net borrowings (payments) of capital lease obligations | |||||||||
- | - | 72 | 37 | 183 | -434 | - | - | - | - |
Net borrowings of capital lease obligations | |||||||||
45 | 72 | - | - | - | - | - | - | - | - |
Net short-term payments on senior ABL facility | |||||||||
-44,900 | 111,100 | 111,100 | -41,500 | -15,800 | -15,000 | 79,100 | - | - | - |
Transfers to Sears Holdings Corporation | |||||||||
- | - | - | - | - | - | - | 12,264 | 26,533 | 40,807 |
Dividend paid to Sears Holdings Corporation | |||||||||
- | - | - | - | - | - | - | 100,000 | 0 | 0 |
Common stock repurchased and retired | |||||||||
- | - | - | - | - | - | 12,523 | 0 | 0 | - |
Net payments of capital lease obligations | |||||||||
- | - | - | - | - | - | 739 | 1,836 | 2,061 | 2,211 |
Proceeds from term loan agreement | |||||||||
40,000 | 0 | - | - | - | - | - | - | - | - |
Debt issuance costs | |||||||||
1,913 | 0 | - | - | - | - | - | - | - | - |
Payments for refinancing fees | |||||||||
- | - | 0 | 5,434 | 0 | 0 | - | - | - | - |
Net short-term borrowings (payments) | |||||||||
- | - | - | - | - | - | - | 20,000 | 0 | - |
Short-term borrowings | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Net short-term borrowings (payments) | |||||||||
- | - | - | - | - | - | - | - | - | 0 |
Net cash used in financing activities | |||||||||
-6,768 | 111,172 | 111,172 | -46,897 | -15,617 | -15,434 | 65,838 | -94,100 | -28,594 | -43,018 |
NET CHANGE IN CASH AND CASH EQUIVALENTS | |||||||||
4,708 | -3,702 | -3,702 | -4,140 | -1,502 | -3,729 | 3,407 | 19,374 | -120 | 117 |
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION | |||||||||
Cash paid for interest | |||||||||
11,546 | 7,848 | - | - | - | - | - | - | - | - |
Cash paid for interest | |||||||||
- | - | 7,848 | 4,168 | 2,945 | 3,622 | 3,226 | 899 | 913 | 421 |
Cash paid for income taxes | |||||||||
1,148 | 808 | 808 | -9,788 | -5,764 | 824 | 21,022 | - | - | - |
Tax adjustment related to separation | |||||||||
- | - | 0 | 0 | 7,554 | 0 | 0 | - | - | - |
Reacquisition rights in exchange for notes receivable | |||||||||
- | - | 0 | 0 | 6,100 | 0 | 0 | - | - | - |
Cash paid (refunded) for income taxes | |||||||||
- | - | - | - | - | - | - | 0 | 0 | - |