Sportsman's warehouse holdings, inc. (SPWH)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Oct'18Jul'18May'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jul'13Apr'13
Cash flows from operating activities:
Net (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

311

-

9,541

8,200

-1,360

-

-

-

-3,368

7,656

4,459

Net income

9,683

10,493

5,498

-5,459

10,629

12,399

6,550

-5,828

-5,828

5,887

9,809

6,553

-4,507

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment

5,224

4,825

4,639

4,606

4,644

4,430

4,500

4,387

4,387

4,313

4,120

3,941

3,490

-

3,361

3,243

2,884

2,681

2,553

2,581

2,458

2,171

2,161

2,016

1,766

1,401

1,081

732

Amortization and write-off of discount on debt and deferred financing fees

87

82

86

84

84

66

1,701

192

192

174

190

171

173

-

190

383

194

355

265

190

182

180

5,520

303

334

340

-

-

Amortization of discount on debt and deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

368

Amortization of definite lived intangible

6

7

6

7

6

7

0

276

276

487

452

451

452

-

451

452

451

451

452

452

451

451

452

451

452

451

434

179

Change in deferred rent

-

-

-

-

-

-

-

-

-

-186

6,746

914

624

-

1,292

1,130

1,979

1,906

-

-

-

-

-

-

-

-

-

-

Change in deferred rent

-

-

-

-

-

-585

216

649

649

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-108

-

309

-4,909

-652

-111

45

(Gain) loss on asset dispositions

0

0

0

311

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash lease expense

4,877

8,130

6,392

7,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

955

-552

-124

431

-1,480

2,074

-117

237

237

-110

-135

-138

885

-

-195

74

-345

633

1,337

-229

1,355

599

-

-

-

-

-78

-421

Excess tax benefits from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-21

470

3

0

0

283

-

-

-

-

-

-

Stock-based compensation

537

619

495

453

394

381

482

1,572

1,572

857

385

402

650

-

723

905

933

625

586

594

480

597

513

522

524

1,734

-

-

Change in operating assets and liabilities, net of amounts acquired:
Accounts receivable, net

284

381

-50

40

-170

31

6

63

63

-85

-37

59

-29

-

-

-

-137

-23

76

-26

-135

129

-45

98

-65

24

-980

-286

Operating lease liabilities

-5,803

-7,676

-6,382

-8,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merchandise inventories

-62,389

29,432

-2,152

14,862

-92,457

39,989

22,867

35,607

35,607

-47,732

16,097

13,921

42,019

-

-57,755

38,326

14,753

33,171

-36,088

18,436

18,716

30,821

-44,693

23,221

5,041

41,006

21,663

23,106

Prepaid expenses and other

1,736

469

1,152

-1,786

3,144

391

1,726

78

78

3,883

-3,070

-4,353

4,221

-

5,556

-2,080

2,086

-4,498

7,091

1,678

40

-3,374

-1,317

147

3,254

-2,063

821

-2,268

Accounts payable

-57,561

31,230

13,700

25,340

-66,930

18,872

8,831

27,501

27,501

-33,102

9,273

-10,684

42,049

-

-40,239

882

11,914

11,913

-15,210

1,696

6,217

25,495

-33,612

12,425

-1,340

23,363

6,659

9,868

Accrued expenses

5,325

1,589

7,114

-5,254

5,462

-1,143

2,790

630

630

1,038

3,923

-2,886

-3,115

-

2,542

4,172

2,211

-2,037

2,012

3,216

-2,420

-1,825

7,824

1,988

701

-2,386

159

-1,206

Income taxes payable and receivable

-3,680

3,948

-483

-2,435

3,454

-527

-2,057

-1,619

-1,619

-624

3,927

1,646

-3,342

-

-297

-891

4,201

-3,364

-484

5,929

3,288

-1,478

-

-

-

-2,414

-4,128

-5,267

Net cash provided by operating activities

20,019

22,413

31,991

3,443

46,594

-3,237

-2,135

-9,049

-9,049

23,198

25,700

-9,271

-8,852

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,646

-

4,590

2,187

-2,921

34,226

4,365

1,076

-19,194

-9,240

-11,885

Cash flows from investing activities:
Purchase of property and equipment, net of amounts acquired

7,458

8,153

11,359

3,402

2,753

4,598

6,111

4,474

4,474

1,952

7,356

18,660

13,204

-

8,660

7,362

14,675

8,720

4,137

10,406

10,545

8,869

6,629

3,948

10,794

8,796

6,027

5,858

Purchase of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

47,767

Proceeds from sale of property and equipment

0

0

0

311

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-7,387

-27,227

-11,359

-3,091

-2,753

-2,914

-6,111

-4,474

-4,474

940

-1,729

-18,143

-13,204

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,720

-

-2,642

-10,545

-8,869

-6,629

-3,948

-10,794

-8,796

-6,027

-53,625

Cash flows from financing activities:
Net (payments) borrowings on line of credit

-14,687

3,639

-14,446

-2,734

-37,260

7,745

106,955

6,874

6,874

-18,462

-23,290

23,678

17,094

-

-24,341

19,242

2,732

38,076

-24,413

1,317

-3,897

10,357

-20,995

-21

12,948

20,915

17,581

23,339

Issuance of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-70,299

-

-

Increase in book overdraft

1,774

3,437

-4,600

4,919

-5,071

-436

-2,498

8,358

8,358

-5,568

52

3,746

6,359

-

-7,362

1,434

-3,786

7,887

-13,689

-1,507

11,232

2,841

-3,600

278

-1,843

7,774

-1,202

9,148

Excess tax benefits from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

0

0

283

0

0

0

287

-

-

Payment of withholdings on restricted stock units

0

0

0

369

4

0

0

699

699

-3

-1

0

639

-

0

0

0

1,228

5

0

0

1,036

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

9

Principal payments on unsecured note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,756

Principal payments on long-term debt

0

2,000

2,000

2,000

2,000

2,000

134,727

400

400

400

400

400

400

-

399

400

400

20,074

400

400

400

400

159,162

588

3,588

70,887

312

313

Net cash (used in) provided by financing activities

-12,684

5,076

-20,872

-184

-44,186

5,309

8,601

14,133

14,133

-24,524

-23,637

26,966

22,414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash

-52

262

-240

168

-345

-842

355

610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,661

-

-590

6,935

12,045

-27,584

-331

9,618

28,388

16,067

29,409

Net change in cash

-

-

-

-

-

-

-

-

610

-

-

-

358

-780

-

113

174

295

168

1,358

-1,423

255

13

86

-100

398

800

-36,101

Cash paid during the period for:
Interest, net of amounts capitalized

1,184

2,405

2,335

2,021

2,829

2,544

4,730

3,137

3,137

4,063

2,764

3,808

2,897

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest, net of amounts capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,954

-

3,014

3,273

3,151

-

-

-

-

-

-

Income taxes, net of refunds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,780

5,956

2,992

1,716

9,531

276

495

26

-

-

-

-

-

-

Supplemental schedule of noncash activities:
Noncash change in operating lease right of use asset and operating lease liabilities from remeasurement of existing leases and addition of new leases

17,358

34,214

1,374

13,149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment included in accounts payable and accrued expenses

-1,524

1,065

215

1,356

702

-2,488

1,146

1,829

1,829

928

-2,567

-5,308

8,089

-

4,165

-1,421

591

2,637

508

-1,109

-495

2,359

-

-

-

-

-

-