Stein mart inc (SMRT)
CashFlow / Quarterly
Nov'19Aug'19May'19Feb'19Nov'18Oct'18Aug'18Jul'18May'18Apr'18Feb'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
Cash flows from operating activities:
Net loss

-12,092

-2,085

3,969

4,434

-

-16,622

-

-1,144

7,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

7,334

-

-

-

-

3,700

-4,907

-11,010

3,007

13,311

6,250

-197

4,094

13,564

12,305

-1,211

1,737

14,075

7,421

28

3,414

14,692

13,547

-1,659

2,306

10,833

5,893

-1,696

1,834

13,900

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

7,097

6,785

7,338

7,934

-

8,298

-

8,145

8,070

8,070

-

8,079

8,028

8,141

8,085

8,964

8,025

7,951

7,660

7,823

7,516

7,311

7,223

7,407

7,387

7,331

6,991

-

-

7,003

6,812

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,568

5,510

5,167

5,004

4,597

4,513

4,500

Share-based compensation

302

316

730

1,136

-

1,131

-

847

995

995

-

1,497

815

1,856

1,523

1,617

2,795

1,921

1,590

743

1,761

2,229

1,783

2,104

1,947

2,176

1,369

2,043

1,951

1,935

1,362

2,434

1,647

1,393

729

1,277

610

1,020

914

Store closing benefits

70

-93

-8

395

-88

-

-208

-

116

116

-

-

-

-

286

-

-

-

-

0

-43

-1

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Store closing (benefit) charge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

46

-

-

-

-

-

-

-

-

-

-

-

-

Store closing charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-406

85

176

-

455

53

146

466

207

263

-143

Impairment of property and other assets

-

-

-

2,312

-

3

-

189

299

299

-

3,152

0

609

31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-1

-42

-1

-542

-

-35

-

-5

-99

-99

-

-42

-51

-4

-232

-177

-4

-1

-9

-114

-10

-42

-1

-198

-46

-16

-59

-115

-332

-134

-120

-395

-111

-722

-96

142

-89

-90

-40

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-5,122

-2,299

-659

4,858

1,315

-458

781

197

-4,352

1,012

-1,681

-100

-198

508

-3,284

4,175

-7,406

4,583

292

1,865

5,888

-8,527

6,243

-688

825

7,621

457

3,344

Tax expense from equity issuances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-687

9

-51

-145

-190

107

7

3,722

1,057

0

94

662

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit (deficiency) from equity issuances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

389

-

-

-

-

-

-

-

-

Tax deficiency from equity issuances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

-667

-

-184

-129

80

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

-440

466

5

57

121

31

3,723

1,063

93

98

688

524

453

133

24

581

8

18

33

72

9

170

124

Changes in assets and liabilities:
Inventories

68,691

-35,848

18,397

-49,126

-

64,197

-

-56,151

26,727

26,727

-

-41,018

65,012

-75,787

30,920

-92,822

104,241

-37,206

23,289

-79,304

95,669

-25,538

17,158

-58,098

77,506

-28,975

33,673

-68,174

78,963

-27,707

35,090

-53,344

58,792

-24,883

43,948

-53,595

48,497

-30,449

24,683

Prepaid expenses and other current assets

-7,449

-1,021

4,311

-7,312

-

1,423

-

-1,382

8,977

8,977

-

-6,262

-2,450

6,899

-4,242

888

9,242

-1,751

4,090

-13,027

1,595

5,470

5,156

-9,374

4,427

-1,109

960

-1,360

6,027

1,851

-2,336

3,269

-8,160

6,407

-13,352

1,771

7,946

6,262

-2,993

Other assets

4,892

8,009

-7,553

-532

-

-447

-

18

2,311

2,311

-

-3,074

254

1,762

-1,196

577

68

-146

909

-932

373

-947

-29

-477

2,118

685

788

484

369

-42

-103

2,902

1,308

-391

318

2,876

366

113

160

Accounts payable

39,376

-27,351

24,951

-32,382

-

56,087

-

-27,793

-25,735

-25,735

-

-60,202

92,098

-74,724

47,924

-93,684

110,232

-54,264

46,501

-96,055

79,338

-40,952

33,231

-84,683

94,205

-57,640

46,881

-67,974

85,014

-51,508

34,657

-54,065

71,605

-36,218

43,587

-62,315

63,247

-11,908

21,494

Accrued expenses and other current liabilities

3,242

-8,618

6,422

-4,612

-

8,596

-

-4,836

217

217

-

-377

6,832

-3,347

296

-2,563

8,019

-6,008

4,801

1,861

4,006

-4,072

-2,111

6,036

5,871

507

-8,107

-774

8,148

-9,168

329

1,669

4,164

-11,973

6,590

-1,688

6,167

-5,466

-2,531

Other liabilities

-1,008

9,876

-13,065

-2,266

-

-944

-

-2,398

-586

-586

-

-2,171

-157

-1,054

-1,355

210

-185

314

14,635

199

3,175

4,873

3,178

-1,506

1,059

529

4,889

3,236

650

-744

-826

-2,515

1,705

3,302

552

4,240

781

3,187

-824

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,020

4,585

-7,674

60,266

11,607

-1,073

-7,166

34,534

9,852

26,856

-19,116

34,839

-

-

-23,032

25,771

-

-

-

-

-

-

-

-

Net cash used in operating activities

-29,694

4,651

15,183

34,463

-

-8,677

-

30,322

-47,206

-47,206

-5,092

-

27,861

-15,155

40,098

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,093

-9,800

35,398

-

24,621

17,479

19,086

Cash flows from investing activities:
Net acquisition of property and equipment

1,687

1,779

1,679

1,614

-

3,297

-

2,418

1,664

1,664

-

4,076

5,407

4,579

7,182

7,352

11,087

12,668

11,271

9,895

14,684

12,701

7,085

6,188

11,754

13,048

9,241

5,994

11,283

11,292

7,697

-

-

-

-

-

-

-

-

Proceeds from canceled corporate owned life insurance policies

-

-

-

0

-

0

-

0

2,514

2,514

-

1,256

59

1,362

83

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,466

9,120

8,544

13,444

8,905

7,119

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,032

-10,896

-12,613

-11,271

-9,385

-14,684

-12,701

-7,085

-6,299

-11,754

-13,048

-9,241

-

-

-11,292

-7,697

-

-

-

-

-

-

-

-

Net cash used in investing activities

1,213

-1,697

-1,679

-1,614

-

-3,297

-

-2,122

850

850

-2,820

-

-5,348

-3,217

-7,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,146

-11,466

-9,120

-

-13,444

-8,905

-7,119

Cash flows from financing activities:
Proceeds from borrowings

119,744

83,263

102,025

73,768

-

252,364

-

352,174

428,877

428,877

-

184,360

60,075

121,183

108,911

161,617

127,270

84,058

80,855

139,978

123,911

142,223

267,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of debt

87,261

98,546

102,325

111,218

-

236,067

-

386,336

375,587

375,587

-

179,051

79,892

108,034

133,261

159,517

114,970

65,658

122,055

141,578

102,278

124,467

114,756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

0

-

250

-

94

802

802

-

-

-

-

-

-

-

-

-

0

0

11

369

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

21

21

49

76

-

25

-

-25

147

147

-

42

34

69

3,494

4,322

3,493

3,442

3,443

3,398

3,424

3,442

228,825

3,366

3,345

3,344

2,240

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease payments

-

198

168

185

-

184

-

184

183

183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

806

1,391

2,041

1,143

1,467

1,415

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

-440

466

5

57

121

31

3,723

1,063

93

98

688

524

453

133

24

581

8

18

33

72

9

170

124

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

356

276

366

1,073

777

85

414

63

441

14

361

52

1,000

2,113

1,506

14

37

21

400

13

391

0

491

2,009

Repurchase of common stock

6

11

103

85

-

10

-

10

37

37

-

22

8

13

205

541

129

55

943

354

152

451

2,609

1,259

79

165

2,641

872

116

95

8

580

838

282

2,239

1,899

7,845

2,342

55

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,352

8,514

15,735

-44,508

-4,518

18,263

14,297

-75,573

-3,121

-3,317

-3,050

-4,141

-

-

-1,476

-1,361

-

-

-

-

-

-

-

-

Net cash provided by financing activities

31,953

-15,406

-620

-37,684

-

15,828

-

-34,335

52,121

52,121

5,082

-

-19,860

13,395

-28,049

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,952

-1,331

-3,608

-

-9,892

-1,681

2,078

Net increase in cash and cash equivalents

3,472

-12,452

12,884

-4,835

-

3,854

-

-6,135

5,765

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

5,765

-

-

-

-

4,950

-3,364

2,203

-4,552

4,487

-2,296

2,506

-5,570

-48,124

432

11,785

-35,214

21,457

7,337

11,371

-35,800

16,713

-36,888

9,995

-22,597

22,670

-7,888

1,285

6,893

14,045

Supplemental disclosures of cash flow information:
Income taxes paid (received)

35

264

-182

-111

-

-37

-

-67

-228

-228

-

-1,319

-10,009

126

-8,220

-67

29

9,717

2,072

-

-

-

-

1,754

3,337

5,352

113

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

2,137

1,972

2,587

2,554

-

2,782

-

2,880

2,096

2,096

1,238

-

1,111

1,142

1,087

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

956

908

871

936

903

848

725

557

72

72

146

55

-

-

-

-

-

-

-

-

-

-

-

-

Accruals and accounts payable for capital expenditures

-11

155

414

-82

-

-530

-

475

379

379

-

-1,850

570

445

1,464

-1,038

393

-1,380

3,853

-

-

-

2,904

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment included in accounts payable, accrued expenses and other current liabilities at the end of the period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,280

890

1,746

-

-

-

-

-

-

-

-

-

-

-

-