The simply good foods company (SMPL)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17Nov'16
Operating activities
Net income

10,657

-4,793

6,091

13,466

12,722

15,257

11,706

7,137

41,394

10,218

450

-

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

4,594

2,525

1,890

1,929

1,939

1,886

1,879

1,911

1,948

1,934

1,000

-

Amortization of deferred financing costs and debt discount

1,114

455

351

333

334

334

335

332

323

322

192

-

Stock compensation expense

2,100

1,700

1,579

1,422

1,400

1,100

1,029

1,000

932

1,068

412

-

Change in warrant liabilities

-

-

-

-

-

-

0

-

-

-

0

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

0

0

0

0

33

500

-436

614

-3,668

642

0

-

Gain on settlement of TRA liability

0

0

0

0

0

1,534

0

0

0

0

0

-

Unrealized (gain) loss on foreign currency transactions

-194

16

-31

-153

130

-398

216

-1,075

601

355

513

-

Deferred income taxes

4,338

-1,853

1,067

1,378

3,998

4,465

-232

2,522

-26,523

3,125

-382

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

0

-

Amortization of operating lease right-of-use asset

1,026

626

-

-

0

0

-

-

-

-

-

-

Other Operating Activities, Cash Flow Statement

223

566

-

-

0

0

-

-

-

-

-

-

Changes in operating assets and liabilities, net of acquisition:
Accounts receivable, net

23,366

-4,304

1,597

-2,386

8,182

592

-5,079

140

-2,313

6,985

5,556

-

Inventories

-10,508

9,740

-3,428

-4,155

7,743

8,112

5,084

-719

-5,972

2,688

-4,130

-

Prepaid expenses

-2,640

3,513

-434

874

-1,658

2,042

-2,143

387

534

375

1,107

-

Other current assets

4,392

1,416

1,902

-1,839

-475

2,567

-5,428

-12

2,399

-53

-5,340

-

Accounts payable

3,580

-6,533

-1,550

141

366

5,777

1,073

-2,075

-5,228

2,627

2,089

-

Accrued interest

-1,361

1,536

215

-1,053

1,985

-36

55

-19

15

-30

561

-

Accrued expenses and other current liabilities

-17,316

8,556

10,263

5,508

75

-1,885

1,759

-1,523

2,493

-767

-34,096

-

Other assets and liabilities

-1,519

-305

113

-7

-37

5

227

-325

42

44

124

-

Net cash (used in) provided by operating activities

-6,958

-7,928

20,413

30,798

8,883

12,948

24,815

10,872

16,518

8,833

-27,356

-

Investing activities
Purchases of property and equipment

201

280

260

-110

393

494

423

461

225

661

458

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

0

-

Increase (Decrease) in Notes Receivables

0

1,250

-

-

0

0

-

-

-

-

0

-

Acquisition of business, net of cash acquired

0

-984,201

0

0

0

0

0

0

0

-1,757

-600,825

-

Cash withdrawn from trust account

-

-

-

-

-

-

-

-

-

-

-403,979

-

Net cash (used in) investing activities

-201

-985,731

-1,010

110

-393

-494

-409

-461

-225

-2,418

-197,304

-

Financing activities
Proceeds from option exercises

723

208

188

157

308

53

120

0

0

0

0

-

Issuance of common stock

10

70

172

4

5

0

-

-

-

-

0

-

Finance Lease, Principal Payments

79

78

-

-

0

0

-

-

-

-

-

-

Cash received from warrant exercises

0

0

36

0

0

113,464

1

0

231

0

0

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

0

-

Payment of TRA liability

0

0

0

0

0

26,468

0

0

0

0

0

-

Excess tax benefits of stock-based compensation

-

-

-

-

-

-

-

-

-

-

0

-

Payments of Financing Costs

0

8,208

0

0

0

0

-

-

-

-

0

-

Principal payments of long-term debt

20,000

1,000

500

500

500

500

500

500

500

0

0

-

Proceeds from Issuance of Common Stock

0

352,542

-

-

0

0

-

-

-

-

-

-

Payments of Stock Issuance Costs

0

3,323

-

-

0

0

-

-

-

-

-

-

Proceeds from issuance of private placement equity, net of issuance costs

-

-

-

-

-

-

-

-

-

-

97,000

-

Proceeds from Issuance of Long-term Debt

0

460,000

-

-

0

0

-

-

-

-

191,899

-

Payment of Conyers Park deferred equity issuance costs

-

-

-

-

-

-

-

-

-

-

8,100

-

Net cash provided by financing activities

-19,366

800,071

-965

-1,884

-324

86,549

-499

-819

-269

0

280,799

-

Cash and cash equivalents
Net (decrease) increase in cash

-26,525

-193,588

18,438

29,024

8,166

99,003

23,907

9,592

16,024

6,415

56,139

-

Effect of exchange rate on cash

-71

-42

285

-303

-30

-213

-297

-241

111

-41

159

-

Supplemental disclosures of cash flow information
Cash paid for interest

10,836

2,978

3,028

4,148

1,025

2,963

2,992

2,745

2,754

2,727

909

-

Cash paid for taxes

3,972

373

3,692

3,339

67

353

2,479

343

1,414

341

0

-

Operating lease right-of-use assets recognized at ASU 2016-02 transition

0

5,102

-

-

0

0

-

-

-

-

-

-

Finance lease right-of-use assets recognized at ASU 2016-02 transition

-26

1,211

-

-

0

0

-

-

-

-

-

-

Operating lease right-of-use assets recognized after ASU 2016-02 transition

-18,096

20,829

-

-

0

0

-

-

-

-

-

-

Predecessor
Net income

-

-

-

-

-

-

-

-

-

-

-

6,787

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

2,453

Amortization of deferred financing costs and debt discount

-

-

-

-

-

-

-

-

-

-

-

491

Stock compensation expense

-

-

-

-

-

-

-

-

-

-

-

526

Change in warrant liabilities

-

-

-

-

-

-

-

-

-

-

-

-722

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-

-

-

-

-

-

-

-

-

-

-

0

Unrealized (gain) loss on foreign currency transactions

-

-

-

-

-

-

-

-

-

-

-

-610

Deferred Income Tax Expense (Benefit)

-

-

-

-

-

-

-

-

-

-

-

4,712

Accounts receivable, net

-

-

-

-

-

-

-

-

-

-

-

-6,910

Inventories

-

-

-

-

-

-

-

-

-

-

-

-3,908

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

815

Other current assets

-

-

-

-

-

-

-

-

-

-

-

3,692

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-7,143

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

205

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-5,628

Other

-

-

-

-

-

-

-

-

-

-

-

33

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

8,635

Purchases of property and equipment

-

-

-

-

-

-

-

-

-

-

-

41

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

0

Cash withdrawn from trust account

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-41

Proceeds from option exercises

-

-

-

-

-

-

-

-

-

-

-

109

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

109

Net increase in cash

-

-

-

-

-

-

-

-

-

-

-

8,703

Effect of exchange rate on cash

-

-

-

-

-

-

-

-

-

-

-

-205

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

6,282

Cash paid for taxes

-

-

-

-

-

-

-

-

-

-

-

5