| Aug'18 | Aug'17 | Aug'16 | Aug'15 | Aug'14 | Aug'13 | Aug'12 | Aug'11 | Aug'10 | Aug'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net income | |||||||||
71,205 | 63,663 | 64,067 | 64,485 | 47,916 | 36,701 | 36,085 | 19,225 | 25,839 | 64,793 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Depreciation and amortization | |||||||||
38,355 | 39,248 | 44,418 | 45,892 | 42,210 | 40,387 | 41,914 | 41,225 | 42,615 | 48,064 |
Stock-based compensation expense | |||||||||
4,556 | 3,942 | 3,766 | 3,520 | 3,742 | 3,630 | 4,295 | 5,644 | 7,666 | 6,910 |
Noncontrolling interests | |||||||||
- | - | - | - | - | - | - | - | 4,630 | 15,351 |
Provision for impairment of long-lived assets | |||||||||
- | - | - | - | - | - | - | - | 15,161 | 11,163 |
Loss from debt transactions | |||||||||
-1,310 | 0 | -8,750 | 0 | - | -4,443 | - | -23,035 | -314 | 6,382 |
Provision (benefit) for deferred income taxes | |||||||||
-15,812 | -2,469 | 4,509 | - | - | - | - | - | - | - |
Gain on disposition of assets | |||||||||
5,086 | 14,994 | 4,691 | 945 | - | - | - | - | - | 12,506 |
Other | |||||||||
3,276 | 1,265 | 452 | 10,311 | 735 | 2,381 | 788 | 2,404 | 1,091 | 4,730 |
(Increase) decrease in operating assets: | |||||||||
Restricted cash | |||||||||
-889 | -886 | 2,829 | 61 | 1,428 | 2,431 | -2,586 | 5,136 | -4,465 | -126 |
Accounts receivable and other assets | |||||||||
4,354 | -1,918 | -2,109 | -2,885 | 5,977 | -1,613 | 2,591 | 2,124 | -292 | 2,149 |
Increase (decrease) in operating liabilities: | |||||||||
Accounts payable | |||||||||
-2,507 | -4,404 | 380 | -1,288 | 640 | 2,324 | -932 | -552 | -522 | -5,001 |
Accrued and other liabilities | |||||||||
-151 | -10,884 | 4,520 | 10,296 | 7,347 | 5,129 | -828 | -281 | -1,440 | -4,003 |
Income taxes | |||||||||
-135 | -3,299 | -9,242 | 1,267 | 8,363 | -6,338 | 13,811 | 662 | -13,247 | 7,141 |
Total adjustments | |||||||||
20,341 | 11,209 | 52,142 | 71,877 | 55,632 | 51,138 | 59,043 | 64,877 | 51,765 | 32,742 |
Net cash provided by operating activities | |||||||||
91,546 | 74,872 | 116,209 | 136,362 | 103,548 | 87,839 | 95,128 | 84,102 | 77,604 | 97,535 |
Cash flows from investing activities: | |||||||||
Purchases of property and equipment | |||||||||
36,690 | 46,528 | 46,553 | 42,153 | 79,008 | 41,338 | 24,175 | 21,200 | 24,468 | 36,145 |
Decrease (increase) in notes receivable | |||||||||
- | - | - | - | - | - | - | - | - | 572 |
Proceeds from sale of assets | |||||||||
21,646 | 91,741 | 16,206 | 13,701 | 2,148 | 33,475 | 9,929 | 6,448 | 14,271 | 84,986 |
Proceeds from the sale of investments in refranchised drive-in operations | |||||||||
0 | 8,357 | 0 | 0 | - | - | - | - | - | - |
Issuance of notes receivable | |||||||||
15,779 | 7,338 | 12,705 | - | - | - | - | - | - | - |
Collections on notes receivable | |||||||||
16,232 | 11,911 | 7,229 | - | - | - | - | - | - | - |
Other | |||||||||
-530 | -2,345 | -1,763 | -3,132 | -6,337 | -6,679 | 9,863 | 1,321 | -814 | 187 |
Net cash provided by (used in) investing activities | |||||||||
-14,061 | 60,488 | -34,060 | -25,320 | -70,523 | -1,184 | -24,109 | -16,073 | -9,383 | 49,226 |
Cash flows from financing activities: | |||||||||
Proceeds from sale of noncontrolling interests | |||||||||
- | - | - | - | - | - | - | - | - | 5,190 |
Purchases of noncontrolling interests | |||||||||
- | - | - | - | - | - | - | - | 9,277 | 11,753 |
Purchases of treasury stock | |||||||||
141,095 | 171,562 | 150,444 | 120,463 | 79,786 | 36,582 | 30,000 | - | - | - |
Payment of dividends | |||||||||
23,914 | 24,062 | 21,309 | 18,808 | - | - | - | - | - | - |
Payments on debt | |||||||||
173,125 | 24,416 | 422,090 | 90,290 | 9,976 | 189,499 | 15,220 | 624,171 | 106,296 | 64,838 |
Debt issuance and extinguishment costs | |||||||||
5,145 | 10 | 18,420 | 12 | 151 | 5,137 | 57 | 40,248 | - | - |
Proceeds from borrowings | |||||||||
253,000 | 83,000 | 563,000 | 91,000 | - | 155,000 | - | 535,000 | - | 12,495 |
Restricted cash for securitization obligations | |||||||||
33,460 | -46,730 | 6,587 | 151 | 181 | 1,921 | 269 | 6,409 | -209 | -487 |
Proceeds from exercise of stock options | |||||||||
4,147 | 2,682 | 3,842 | 18,732 | 17,407 | 16,343 | 280 | 2,130 | 3,404 | 3,794 |
Other | |||||||||
-7,318 | -4,014 | 1,586 | 145 | -2,902 | -3,452 | -3,153 | -3,676 | -7,404 | 2,169 |
Net cash used in financing activities | |||||||||
-59,990 | -185,112 | -37,248 | -119,545 | -75,227 | -61,406 | -47,881 | -124,556 | -119,782 | -53,430 |
Net increase (decrease) in cash and cash equivalents | |||||||||
17,495 | -49,752 | 44,901 | -8,503 | -42,202 | 25,249 | 23,138 | -56,527 | -51,561 | 93,331 |
Supplemental cash flow information | |||||||||
Cash paid during the year for: | |||||||||
Interest | |||||||||
30,581 | 27,082 | 24,883 | 23,330 | 23,701 | 27,352 | 29,283 | 29,033 | 32,184 | 38,446 |
Income taxes (net of refunds) | |||||||||
18,764 | 37,642 | 27,821 | 11,360 | 14,143 | 25,440 | 11,114 | 10,523 | 25,534 | 12,961 |
Net additions to capital lease obligations | |||||||||
- | - | - | - | - | - | - | - | 446 | 5,299 |
Non-cash investing and financing activities: | |||||||||
Change in obligation to acquire treasury stock | |||||||||
-1,917 | 1,350 | -2,099 | 3,323 | 259 | -1,102 | 1,102 | - | - | - |
Notes receivable and direct financing leases from property dispositions | |||||||||
- | - | - | - | - | 8,661 | - | - | - | - |
Accounts and notes receivable and decrease in capital lease obligations from property and equipment sales | |||||||||
- | - | - | - | - | - | - | - | - | 4,412 |
Stock options exercised by stock swap | |||||||||
12,375 | 451 | 6,396 | 3,385 | 4,634 | - | - | 1,572 | 78 | 713 |
Accrued PP&E at year end | |||||||||
4,783 | 1,577 | 3,471 | 3,346 | 3,297 | -477 | -1,061 | - | - | - |
Change in obligation for purchase of property and equipment | |||||||||
- | - | - | - | - | - | - | -524 | 3,208 | -1,162 |