SPARTANNASH COMPANY SPTN Cash Flow

Spartannash company (SPTN)

CashFlow / Quarterly

Dec'19	Oct'19	Jul'19	Apr'19	Dec'18	Oct'18	Jul'18	Apr'18	Dec'17	Sep'17	Jun'17	Apr'17	Dec'16	Sep'16	Jul'16	Apr'16	Jan'16	Sep'15	Jul'15	Apr'15	Jan'15	Sep'14	Jun'14	Apr'14	Dec'13	Oct'13	Jul'13	Mar'13	Dec'12	Aug'12	Jun'12	Mar'12	Dec'11	Aug'11	Jun'11	Mar'11	Dec'10	Aug'10	Jun'10
Cash flows from operating activities
Net earnings (loss)
5,424	-337	-6,814	7,469	-14,008	17,465	17,772	12,343	34,607	-123,506	21,029	15,025	12,846	16,647	17,484	9,851	16,729	15,393	20,261	10,327	11,871	17,096	17,319	12,310	-14,756	6,571	8,926	7,702	3,400	10,305	6,003	10,500	4,977	10,252	6,029	7,773	7,308	11,239	5,987
Loss from discontinued operations, net of tax
-49	-27	-47	-52	19	-80	-66	-92	-103	-54	-31	-40	40	-83	-76	-109	-435	145	-46	-120	-166	-73	-76	-209	-297	-88	-103	-237	-72	-50	-73	247	-11	-18	-106	124	-162	-106	-88
Earnings (loss) from continuing operations
5,473	-310	-6,767	7,521	-14,027	17,545	17,838	12,435	34,710	-123,452	21,060	15,065	12,806	16,730	17,560	9,960	17,164	15,248	20,307	10,447	12,037	17,169	17,395	12,519	-14,459	6,659	9,029	7,939	3,472	10,355	6,076	10,477	4,988	10,270	6,135	7,649	7,470	11,345	6,075
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Non-cash restructuring, asset impairment, and other charges
2,545	882	14,333	893	32,297	307	-915	6,104	2,746	224,513	-328	916	9,253	3,667	4,609	14,662	1,298	2,908	-315	5,864	6,233	-1,272	1,078	127	-	-	-	-	-	-	-	-	-	-	-	192	-2,137	184	2,293
Convertible debt interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	379	1,109	904	890	951	1,136	835	823	815	1,053	771	823
Depreciation and amortization
21,009	21,092	21,095	27,401	19,733	19,580	19,308	25,569	18,024	20,004	20,512	25,850	18,747	18,396	18,145	23,895	18,953	20,038	19,746	26,168	20,432	20,341	19,726	27,976	15,104	9,618	12,548	9,420	11,870	8,549	9,015	8,595	11,408	8,405	8,359	8,229	11,094	8,086	7,864
Non-cash rent
1,591	1,483	1,647	2,555	144	186	211	421	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
LIFO expense
2,130	1,269	1,068	1,425	2,252	655	154	1,540	424	192	692	1,590	-4,049	-341	1,059	1,412	-4,396	178	1,294	1,723	526	1,550	1,555	1,972	-134	167	895	-649	-396	590	790	-1,260	1,134	869	658	-282	-695	100	142
Postretirement benefits expense
135	3,929	-2,040	948	-789	1,096	59	-303	71	877	-66	465	1,623	107	-62	112	-495	-108	86	476	1,593	-1,750	1,465	1,378	1,164	66	262	-181	484	400	-52	1,189	2,165	162	301	281	1,401	922	897
LIFO income - warehouse consolidation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,500	1,950
Deferred taxes on income
-525	-4,244	-1,887	4,396	-2,177	2,507	-245	7,322	-17,664	-76,822	4,846	9,719	7,476	-5,467	1,936	2,816	-2,103	2,387	-1,795	4,023	-103	-542	1,416	2,766	-3,889	-907	1,230	-8,208	-2,356	2,581	3,862	4,345	1,745	7,195	4,576	3,291	7,804	3,627	4,933
Stock-based compensation expense
577	637	715	5,383	606	773	977	5,290	1,018	1,102	1,139	6,352	926	943	1,043	5,024	770	808	909	4,753	922	953	1,135	3,929	4,898	738	1,315	812	968	916	1,366	1,064	1,304	959	1,721	1,796	1,431	1,039	1,106
Postretirement benefit plan contributions
109	283	101	130	118	1,590	93	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposals of assets
-190	-215	-62	6,925	-2	19	40	49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit on stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	196	862	174	48	50	470	131	71	22	85	39	20	41	199	109	36	8	84	44	-3	21	150
Other, net
-	-	-	-	-	-	-	-	-	11	69	6	20	155	26	53	92	47	6	-123	8	49	50	106	912	-49	7	-57	-299	656	-24	-79	545	-49	-18	71	-299	117	80
Gain on repurchase of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	69
Changes in operating assets and liabilities:
Accounts receivable
-28,722	11,217	-11,589	27,069	-16,675	8,594	23,961	-14,703	-19,461	18,833	7,025	18,879	-36,165	15,308	5,814	-15,494	-5,151	21,801	-13,792	30,205	-18,112	-28,549	22,949	24,229	-39,545	-1,063	316	10,287	-9,534	-1,475	2,663	1,891	-3,254	-2,281	5,953	7,472	-5,942	1,215	-890
Inventories
-51,784	23,568	-23,541	10,786	-36,115	30,543	-14,691	-17,950	-964	36,678	16,477	-3,713	-25,659	25,755	4,351	14,009	-55,298	21,408	-13,088	-12,495	-35,586	49,887	9,206	-29,511	-46,519	11,607	4,121	-9,871	-4,013	4,187	33,447	-22,390	755	-10,320	29,320	-31,056	5,270	-322	8,223
Prepaid expenses and other assets
4,841	10,870	1,429	-1,388	6,622	-585	1,493	-1,063	4,872	-1,260	3,698	1,108	3,219	32,775	1,156	8,356	4,564	-2,840	4,016	-5,195	-8,616	-1,553	3,503	-6,626	-1,845	-744	-1,198	-4,899	-6,161	-474	4,598	11,817	1,823	740	2,792	-1,039	-1,731	-1,465	1,804
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,984	194	-	-	-	-	-	-	-	-
Accounts payable
-69,876	47,601	17,139	20,077	-53,848	45,880	8,216	-18,606	-67,319	45,211	23,790	-26,159	-30,550	59,914	5,968	-13,386	-15,546	14,096	354	31,346	-88,310	35,513	24,608	-1,042	-45,575	2,420	5,907	2,918	-11,507	1,564	20,009	-5,349	-15,939	-1,248	31,377	-24,431	-8,310	9,284	8,961
Accrued payroll and benefits
319	4,724	-3,157	-5,191	-2,378	-544	1,953	-7,326	2,628	-920	566	-19,527	7,846	5,163	-314	-11,502	11,395	4,186	-946	-13,812	8,620	596	-4,512	-13,105	-14,829	112	-9,105	4,720	5,165	-2,141	-8,069	4,122	2,991	1,980	-8,248	4,845	2,323	1,799	-4,269
Postretirement benefit payments
-	-	-	-	-	-	-	-	-	-	-88	-90	-	-106	-73	-77	-	-77	-2	-650	-139	782	-1,175	-3,623	-2,820	-41	-103	-108	-3,898	-386	-122	-2,438	-4,121	-108	-79	-246	-5,851	-68	-86
Accrued income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,325	9,314	-2,589	2,589	-12,352	-	-	-	-	-	-	-	-
Other accrued expenses and other liabilities
4,216	-1,872	8,926	-3,257	1,535	-9,206	7,681	-4,802	-7,989	-3,135	3,794	-8,192	-6,696	-1,061	8,681	-16,015	7,689	-12,538	12,780	-8,831	-2,381	-44	4,865	-11,973	-15,215	4,626	87	-2,807	4,597	-6,243	476	2,113	1,956	-5,477	-770	705	-903	-2,245	-6,066
Net cash provided by operating activities
40,158	36,198	90,317	13,519	29,112	38,246	43,919	60,381	-18,720	33,206	48,648	-10,291	76,057	23,952	47,205	9,977	93,654	6,514	74,414	48,941	21,688	53,412	31,378	32,595	40,669	8,696	15,396	32,045	26,401	20,083	-19,188	42,553	8,718	35,741	6,722	27,306	16,991	34,012	11,447
Cash flows from investing activities
Purchases of property and equipment
27,910	15,134	15,765	16,006	18,895	18,004	13,555	21,041	15,614	17,503	18,313	19,476	16,214	15,879	23,246	18,090	22,532	19,676	24,462	12,724	32,401	19,991	14,781	22,839	16,496	9,258	11,446	8,080	12,926	14,462	6,544	9,602	12,033	11,215	9,668	7,611	10,426	8,676	6,316
Net proceeds from the sale of assets
2,304	327	257	15,872	333	429	5,989	150	96	227	3,144	557	339	228	683	4,739	586	3,729	6,943	9,670	5,640	1,941	1,623	1,804	-	-	-	-	-	-	-	30	625	0	23	-23	2	0	62
Acquisitions, net of cash acquired
0	0	0	86,659	-	-	-	-	527	11,817	0	214,595	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans to customers
151	1,092	1,059	1,233	175	250	0	698	-	-	-	-	-	-	-	-	-2,113	1,488	640	1,435	1,514	371	2,494	2,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments from customers on loans
747	1,293	1,201	833	655	435	359	662	2,044	467	683	754	486	641	534	522	318	581	334	500	789	411	1,412	1,041	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
517	430	18	32	541	2	1	6	14,913	54	92	133	302	36	573	97	4	37	29	534	-161	-95	144	19	-173	771	221	103	-63	-328	52	772	131	-160	739	-2,236	1,074	75	-28
Net cash provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-74
Net cash used in investing activities
-25,527	-15,036	-15,384	-87,225	-18,623	-17,392	-7,208	-20,933	-38,237	-29,355	-14,908	-232,893	-15,691	-17,008	-22,602	-12,926	-23,803	-16,891	-50,083	-4,523	-27,325	-17,915	-14,384	-22,063	-35,589	-10,016	-11,565	-8,183	-26,519	-11,758	-6,596	-10,822	-11,539	-11,055	-10,384	-6,648	-11,498	-8,751	-6,226
Cash flows from financing activities
Proceeds from senior secured credit facility
294,819	299,403	187,507	435,769	251,984	278,839	226,774	259,321	301,836	243,599	263,894	652,573	327,403	323,211	261,846	428,755	312,904	248,838	258,321	269,916	273,433	230,765	237,111	320,864	590,572	114,019	172,442	137,923	184,570	118,692	63,283	4,254	355	-9	333	226	17,480	26,893	98,580
Payments on senior secured credit facility
306,909	252,853	251,773	366,407	314,499	286,691	255,614	266,753	222,066	234,618	277,667	406,140	380,881	319,894	282,446	401,737	313,545	238,090	256,760	301,949	247,966	255,959	256,678	319,051	529,046	108,105	175,088	104,122	184,879	124,424	43,393	49,359	378	-137	333	226	17,643	32,230	93,080
Proceeds from other long-term debt
0	0	0	5,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other long-term debt and finance lease liabilities
1,647	57,055	4,980	4,778	1,714	1,671	2,459	2,331	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,724
Repayment of other long-term debt
-	-	-	-	-	-	-	-	-	1,512	2,018	2,265	2,075	1,926	2,304	2,841	3,642	1,844	1,692	2,979	14,517	1,590	1,851	2,395	51,674	885	1,429	825	2,625	922	893	2,026	1,343	934	1,015	947	1,370	984	1,380
Financing fees paid
97	226	130	352	2,111	-16	115	7	0	4	36	216	2,399	0	1	98	107	38	23	1,845	391	43	313	123	9,410	0	27	0	1,461	0	1,260	-	-	-	-	-	-	-	-
Proceeds from resolution of acquisition contingencies
0	0	0	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share repurchase
-	-	-	-	0	0	0	20,000	-	-	-	-	0	0	0	9,000	0	0	6,474	2,526	-	-	-	-	-	-	-	0	0	526	10,855	-	-	-	-	-	-	-	-
Net payments related to stock-based award activities
0	16	22	1,744	0	26	37	1,567	0	41	556	2,607	0	0	927	1,302	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit on stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	196	862	174	48	50	470	131	71	22	85	39	20	41	199	109	36	8	84	44	-3	21	150
Proceeds from exercise of stock options
19	0	0	181	-	-	-	-	-7	0	0	3,207	1,486	0	96	936	11	1,249	391	2,010	-	-	-	-	-	-	-	-	-	-	-	-	82	586	164	-	97	9	142
Proceeds from sale of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22	101	657	-	70	81	73	148	113	64	-	-	-	-	-	-	-	-
Dividends paid
0	6,905	6,902	6,902	6,471	6,469	6,457	6,526	6,055	6,149	6,245	6,255	5,623	5,620	5,621	5,632	5,076	5,072	5,059	5,092	4,502	4,529	4,526	4,533	1,969	1,969	1,970	1,740	3,479	0	1,680	1,469	2,974	-1	1,484	1,131	2,264	0	1,130
Net cash (used in) provided by financing activities
-13,834	-17,652	-76,300	76,567	-12,527	-16,002	-37,908	-37,863	59,559	-13,352	-30,501	238,297	-62,089	-4,229	-29,357	9,081	-64,244	5,239	-10,434	-42,291	3,950	-33,776	-25,686	-4,450	-1,297	3,152	-5,906	-26,625	1,973	-7,026	5,465	-60,522	-4,222	-211	-2,251	-1,933	-3,703	-6,291	-7,442
Cash flows from discontinued operations
Net cash used in operating activities
-61	-23	-44	-86	-50	-92	-57	-85	-89	-71	-29	52	-324	-133	-117	-164	-1,380	47	688	-95	82	-93	48	-234	-67	10	-364	-100	-386	99	-64	208	22	-108	-198	-168	-1,647	-361	-434
Net cash used in discontinued operations
-61	-23	-44	-86	-50	-92	-57	-85	-89	-71	-29	52	-324	-133	-117	-164	8,602	563	-9,287	-95	82	-93	48	-234	-67	10	-364	-100	-386	99	-64	208	22	-108	-198	-168	-1,647	-287	-508
Net increase (decrease) in cash and cash equivalents
736	3,487	-1,411	2,775	-2,088	4,760	-1,254	1,500	2,513	-9,572	3,210	-4,835	-2,047	2,582	-4,871	5,968	14,209	-4,575	4,610	2,032	-1,605	1,628	-8,644	5,848	3,716	1,842	-2,439	-2,863	1,469	1,398	-20,383	-28,583	-7,021	24,367	-6,111	18,557	143	18,683	-2,729