Sonic corp (SONC)
CashFlow / TTM
Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09
Cash flows from operating activities:
Net income

71,205

73,444

70,619

61,975

63,663

68,269

64,871

64,727

64,067

64,926

70,015

66,858

64,485

57,014

53,348

49,793

47,916

41,289

39,306

38,776

36,701

39,005

38,619

36,719

36,085

33,869

14,811

17,482

19,225

11,935

28,691

24,739

25,839

0

0

0

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

38,355

38,209

38,163

38,337

39,248

40,488

42,373

43,696

44,418

44,719

44,749

45,231

45,892

45,757

45,344

43,836

42,210

41,027

39,788

39,826

40,387

41,097

41,602

42,043

41,914

41,683

41,534

41,391

41,225

41,463

41,969

42,249

42,615

0

0

0

Stock-based compensation expense

4,556

4,354

4,211

3,839

3,942

3,984

3,649

3,883

3,766

3,636

3,654

3,524

3,520

3,530

3,688

3,866

3,742

3,602

3,521

3,415

3,630

3,903

4,109

4,216

4,295

4,374

4,648

5,188

5,644

6,317

6,902

7,320

7,666

0

0

0

Noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,630

0

0

0

Amortization of debt costs to interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

Other

3,276

1,698

11,573

4,636

1,265

5,599

-5,757

-1,854

452

10,196

7,678

9,531

10,311

-512

2,281

2,176

735

37

-658

829

2,381

1,897

2,250

954

788

-696

2,232

3,048

2,404

2,735

1,164

-356

1,091

0

0

0

(Increase) decrease in operating assets:
Restricted cash

-889

-1,425

-3,799

1,570

-886

631

457

712

2,829

1,022

1,158

113

61

95

-1,009

933

1,428

1,564

1,686

-390

2,431

-1,243

323

-2,408

-2,586

-2,135

1,968

5,003

5,136

0

0

0

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts receivable and other assets

4,354

1,707

483

-4,230

-1,918

-4,530

-4,216

-3,605

-2,109

729

2,377

1,690

-2,885

2,740

4,478

5,306

5,977

2,346

-1,265

-1,555

-1,613

2,189

1,446

1,794

2,591

-4,534

-3,302

2,370

2,124

1,399

644

-515

-292

0

0

0

Increase (decrease) in operating liabilities:
Accounts payable

-2,507

-2,215

-2,019

-6,623

-4,404

-7,146

-2,025

-2,618

380

1,239

587

5,173

-1,288

4,180

2,445

3,549

640

-1,213

-878

-1,459

2,324

336

1,211

1,157

-932

-1,206

-1,622

-4,307

-552

614

1,393

272

-522

0

0

0

Accrued and other liabilities

-151

-2,181

-4,174

-3,698

-10,884

-4,920

-1,153

-2,879

4,520

-1,063

5,112

2,851

10,296

11,128

7,814

7,777

7,347

6,649

6,123

4,606

5,129

3,255

-381

2,645

-828

265

-5,009

-4,895

-281

0

0

0

-

-

-

-

Deposits from franchisees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Accrued and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Income taxes

-135

-1,433

-5,083

-4,946

-3,299

-10,668

-8,904

-6,744

-9,242

-3,342

-8,978

-1,989

1,267

8,474

12,960

4,426

8,363

7,291

10,588

8,759

-6,338

-1,515

3,595

5,120

13,811

14,844

-117

2,657

662

-6,945

-3,380

-6,541

-13,247

0

0

0

Total adjustments

20,341

16,180

16,294

16,742

11,209

19,788

40,155

44,945

52,142

49,166

48,322

61,573

71,877

75,978

71,063

59,391

55,632

61,758

62,506

62,364

51,138

48,027

50,617

56,749

59,043

65,943

69,615

57,920

64,877

71,991

58,167

58,543

51,765

0

0

0

Net cash provided by operating activities

91,546

89,624

86,913

78,717

74,872

88,057

105,026

109,672

116,209

114,092

118,337

128,431

136,362

132,992

124,411

109,184

103,548

103,047

101,812

101,140

87,839

87,032

89,236

93,468

95,128

99,812

84,426

75,402

84,102

83,926

86,858

83,282

77,604

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

36,690

33,905

36,919

35,738

46,528

57,232

56,517

52,940

46,553

37,753

36,610

39,781

42,153

55,137

70,772

82,220

79,008

67,698

59,008

43,064

41,338

39,615

30,270

26,357

24,175

19,399

19,472

20,635

21,200

20,015

21,170

25,585

24,468

0

0

0

Proceeds from sale of assets

21,646

45,626

69,658

81,600

91,741

65,898

33,789

25,417

16,206

22,313

20,859

14,711

13,701

4,584

3,450

2,137

2,148

2,786

2,644

31,976

33,475

33,709

33,797

11,922

9,929

12,300

12,381

4,927

6,448

4,024

3,486

6,953

14,271

0

0

0

Proceeds from sale of investment in refranchised drive-in operations

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in notes receivable

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-530

-1,330

1,878

-1,907

-2,345

-5,115

-3,151

-1,324

-1,763

2,694

-3,245

2,760

-3,132

-10,900

-6,423

-12,196

-6,337

-6,124

-7,704

-7,437

-6,679

1,917

4,127

8,621

9,863

10,500

8,959

2,443

1,321

-1,625

-4,621

-983

-814

0

0

0

Net cash provided by (used in) investing activities

-14,061

801

21,667

43,818

60,488

25,559

-9,709

-21,238

-34,060

-18,134

-12,506

-27,830

-25,320

-39,653

-60,899

-67,887

-70,523

-58,788

-48,660

-3,651

-1,184

-7,823

-600

-23,056

-24,109

-17,599

-16,050

-18,151

-16,073

-14,366

-14,211

-17,649

-9,383

0

0

0

Cash flows from financing activities:
Proceeds from sale of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases of noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,277

0

0

0

Purchases of treasury stock

141,095

154,003

147,247

165,201

171,562

167,218

173,436

149,968

150,444

136,272

99,192

149,610

120,463

106,499

117,536

93,056

79,786

68,928

68,879

26,855

36,582

41,004

45,099

37,030

30,000

0

0

0

-

-

-

-

-

-

-

-

Payment of dividends

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt

173,125

184,999

191,000

45,354

24,416

11,487

367,109

390,204

422,090

447,468

144,792

120,791

90,290

66,478

9,978

9,977

9,976

165,763

166,924

188,186

189,499

35,025

35,172

15,221

15,220

50,207

548,840

614,767

624,171

600,680

167,412

103,892

106,296

0

0

0

Proceeds from borrowings

253,000

293,000

307,000

143,000

83,000

43,000

476,000

485,000

563,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash for securitization obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-103

-209

0

0

0

Proceeds from exercise of stock options

4,147

1,789

2,525

3,612

2,682

492

1,880

3,274

3,842

8,847

8,163

11,650

18,732

16,470

19,403

19,125

17,407

21,862

25,670

21,977

16,343

0

0

0

-

-

-

-

-

-

-

-

3,404

0

0

0

Other

-7,318

-5,872

-6,067

-5,466

-4,014

-2,381

-469

1,772

1,586

1,500

416

72

145

-2,136

-2,347

-3,296

-2,902

-1,928

-2,173

-3,046

-3,452

-2,971

-3,319

-3,328

-3,153

-5,594

-8,105

-3,784

-3,676

-1,228

600

-7,444

-7,404

0

0

0

Net cash used in financing activities

-59,990

-97,606

-78,232

-140,093

-185,112

-160,928

-97,533

-84,165

-37,248

-19,518

-96,957

-109,001

-119,545

-105,257

-71,397

-91,969

-75,227

-62,973

-60,522

-44,326

-61,406

-67,327

-80,098

-54,760

-47,881

-79,406

-64,105

-126,749

-124,556

-100,861

-172,419

-115,811

-119,782

0

0

0

Net increase (decrease) in cash and cash equivalents

17,495

-7,181

30,348

-17,558

-49,752

-47,312

-2,216

4,269

44,901

76,440

8,874

-8,400

-8,503

-11,918

-7,885

-50,672

-42,202

-18,714

-7,370

53,163

25,249

11,882

8,538

15,652

23,138

2,807

4,271

-69,498

-56,527

-31,301

-99,772

-50,178

-51,561

0

0

0

Supplemental cash flow information
Cash paid during the year for:
Interest

30,581

29,498

27,968

27,470

27,082

27,110

26,462

25,835

24,883

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes (net of refunds)

18,764

24,832

31,084

35,189

37,642

32,548

29,033

25,243

27,821

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Additions to direct financing leases from property, equipment and capital leases

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net additions to capital lease obligations

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in obligation to acquire treasury stock

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Stock options exercised by stock swap

12,375

3,148

3,148

5,043

451

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit related to exercise of stock awards

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued PP&E at year end

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,490

3,297

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-