Stage stores, inc. (SSI)
CashFlow / Quarterly
Nov'19Aug'19May'19Feb'19Oct'18Jul'18May'18Apr'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

-15,914

-23,934

-47,490

-7,761

-31,353

-16,922

-31,678

-31,678

5,644

-17,722

-6,258

-18,987

-6,844

-15,634

41

-15,460

20,985

-10,183

1,615

-8,637

43,720

-5,268

11,192

-18,794

24,862

-10,971

9,607

-6,856

35,793

-8,858

11,662

-418

32,714

-11,306

10,013

-461

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization of long-lived assets

15,272

14,528

15,344

14,520

12,918

16,066

15,151

15,151

17,861

16,123

16,800

16,377

37,371

17,777

18,721

17,787

19,273

16,988

24,422

16,916

16,551

15,635

16,043

15,218

23,873

15,388

15,617

15,047

15,532

14,632

15,226

15,036

15,653

15,174

15,428

15,425

Impairment of long-lived assets

9,680

1,096

519

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on retirements of property, equipment and leasehold improvements

-376

0

678

1,865

522

-47

30

30

-8

398

76

452

-23

-149

-71

-53

-7

-209

-355

-148

744

-199

22

-677

-603

4

-75

-186

-454

0

0

0

224

13

0

-136

Non-cash operating lease expense

17,698

17,331

17,588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

4,987

-11,585

6,637

-1,117

-22,189

3,369

-707

-697

-1,773

-326

-82

-149

3,799

-189

158

-420

39

-917

498

-428

1,206

-547

469

-20

6,796

-107

90

-11

Tax deficiency from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-1,270

-65

-437

-2,793

-131

-61

-91

692

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

-154

280

-37

19

182

1,597

80

-498

-411

-482

-

-

-

-

Tax (deficiency) benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

301

Stock-based compensation expense

691

636

949

950

805

1,491

1,558

1,558

2,195

1,879

2,130

2,182

2,116

793

3,743

2,809

3,468

2,997

3,220

2,709

2,646

2,582

2,810

1,626

1,837

2,555

2,046

1,979

2,344

2,023

2,111

1,325

1,336

2,275

2,297

1,782

Amortization of debt issuance costs

171

171

170

121

100

74

74

74

73

72

72

72

65

55

54

55

54

55

54

55

55

70

75

75

75

75

65

64

64

65

193

95

96

96

80

75

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

34

910

23

3

11

815

35

43

206

1,792

173

301

424

126

87

71

514

667

Deferred compensation obligation

898

-6

-27

52

139

49

41

41

50

38

-137

61

-15

25

157

51

718

34

32

97

-263

8

-150

38

30

39

39

158

-226

38

34

20

20

25

22

67

Amortization of employee benefit related costs and pension settlement charges

456

202

170

319

496

155

199

199

224

587

213

211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of employee benefit related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

295

153

-

194

208

179

-

-

-

100

-

-

-

153

104

104

103

103

-

-

-

-

Amortization of employee benefit related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-39

Construction allowances from landlords

-1,280

-1,686

-1,867

-

-

-

-

-

0

-130

-100

-998

-85

-704

-1,949

-4,341

-1,317

-511

-544

-1,072

-9

-2,773

-331

-2,425

0

-2,744

-450

-968

-60

-2,756

-781

-596

-12

-2,385

-177

-1,925

Other changes in operating assets and liabilities:
Increase in merchandise inventories

82,494

27,001

47,445

-177,728

125,400

-679

39,185

39,185

-137,666

118,048

-13,800

31,999

-159,959

108,226

-21,146

46,267

-181,262

127,042

3,511

45,253

-133,524

123,511

1,918

15,140

-117,143

109,300

-10,383

38,705

-96,887

114,270

-1,542

50,143

-99,693

90,012

-24,806

56,930

Decrease in other assets

-6,647

5,788

-14,252

7,083

-2,498

1,891

-4,303

-4,303

-2,409

-12,299

16,047

7,193

-19,281

9,112

13,740

-4,325

-4,886

-3,194

9,267

-2,738

-1,763

-4,916

-132

8,548

-8,358

2,969

4,239

7,525

15,064

-5,848

6,731

-11,145

2,583

2,206

5,436

-5,856

Decrease in operating lease liabilities

-18,633

-18,629

-18,972

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accounts payable and other liabilities

28,614

35,237

26,551

-101,173

71,352

-870

-19,088

-19,088

-76,555

89,335

-8,732

39,534

-109,776

85,475

-9,637

43,706

-159,874

69,493

12,072

13,911

-94,501

100,417

-24,552

17,156

-84,905

58,592

-719

375

-121,137

132,663

-11,219

35,935

-90,194

84,495

-39,695

38,293

Total adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33,668

24,343

-27,923

-

42,513

1,674

13,484

-

12,105

-2,257

6,291

Net cash used in operating activities

-35,258

-4,450

-37,202

92,481

-67,897

-365

-68,655

-68,655

94,386

-27,114

8,502

-313

79,030

-24,465

21,656

8,063

71,133

-43,938

29,537

-16,432

106,591

-2,288

4,033

-6,122

91,995

-44,639

33,950

-34,779

15,924

33,655

13,336

13,066

63,670

799

7,756

5,830

Cash flows from investing activities:
Additions to property, equipment and leasehold improvements

6,535

4,836

13,774

9,156

8,971

5,892

6,930

6,930

13,288

9,840

8,143

7,359

6,323

10,257

24,445

33,232

21,539

33,584

22,277

13,295

22,272

18,022

15,572

14,714

14,546

16,780

13,128

16,809

13,879

12,989

12,841

9,780

12,565

11,063

10,245

11,858

Proceeds from insurance and disposal of assets

2,209

0

678

-

547

1,757

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance and disposal of assets

-

-

-

-

-

-

-

45

-

-

-

1,223

2

130

-6

1,053

6

5

18

14

1,478

20

51

1,397

16

0

11

0

-

-

-

-

291

29

0

93

Payments to acquire business

-

-

-

-

-

-

-

-

0

0

2,301

33,843

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-4,326

-4,836

-13,096

-5,893

-8,424

-4,135

-6,885

-6,885

-13,279

-8,743

-10,360

-39,979

-6,321

-10,127

-24,451

-32,179

-21,858

-33,579

-22,259

-13,281

-20,794

-18,002

-15,521

-13,317

-14,530

-16,780

-13,117

-16,809

-13,829

-12,989

-12,841

-9,780

-12,274

-11,034

-10,245

-11,765

Cash flows from financing activities:
Proceeds from revolving credit facility borrowings

161,971

108,015

149,411

152,170

182,875

134,438

164,071

164,071

148,902

149,295

123,702

153,311

123,172

136,606

114,219

138,876

146,787

194,436

118,036

116,311

126,224

104,153

111,025

116,340

112,375

167,785

111,600

103,125

95,290

72,215

107,805

82,600

78,700

108,400

51,700

0

Payments of revolving credit facility borrowings

119,373

94,689

91,756

270,698

104,952

154,838

78,310

78,310

236,773

106,960

115,332

96,559

195,228

99,083

108,085

107,615

155,680

112,476

120,819

71,665

208,257

83,370

93,580

86,020

194,580

81,260

121,175

48,475

116,790

85,445

95,650

78,525

132,200

58,400

23,700

0

Proceeds from long-term debt obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,830

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt obligations

1,250

1,420

338

761

752

741

731

731

788

776

767

4,083

745

722

738

2,047

-

-

237

985

335

605

212

1,200

193

188

183

180

175

172

14,829

3,498

3,446

3,396

3,348

3,299

Payments of debt issuance costs

0

0

36

-

-

-

-

-

26

0

0

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

61

-707

36,134

57,410

17,148

Payments for stock related compensation

914

-5

20

58

164

56

204

204

59

57

-122

257

2

40

232

585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for stock related compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,470

-

-49

-34

-1,955

-124

-92

-77

-2,088

196

-67

-38

-417

-

-

-

-

Proceeds from issuance of stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

543

-1

1

30

5,010

23

177

621

9,328

2,970

10,490

5,487

2,359

147

183

1,540

5,416

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

34

910

23

3

11

815

35

43

206

1,792

173

301

424

126

87

71

514

667

Cash dividends paid

-

-

-

1,456

1,430

1,467

1,445

1,445

1,443

1,447

1,423

4,227

4,190

4,145

4,215

4,106

-

-

4,546

4,490

4,487

4,512

4,019

3,952

3,956

4,105

4,152

3,253

3,242

3,195

2,832

2,726

2,777

2,848

2,654

2,754

Net cash provided by financing activities

40,434

11,911

57,261

-96,583

75,573

1,982

83,381

83,381

-90,187

40,055

6,302

48,177

-77,808

32,616

949

30,353

-56,222

76,758

-7,691

37,154

-89,418

14,982

13,221

29,038

-86,420

50,990

-13,285

60,249

-21,578

-5,873

367

-142

-59,716

7,824

-34,455

-17,118

Net increase in cash and cash equivalents

850

2,625

6,963

-9,995

-748

-2,518

7,841

7,841

-9,080

4,198

4,444

7,885

-5,099

-1,976

-1,846

6,237

-6,947

-759

-413

7,441

-3,621

-5,308

1,733

9,599

-8,955

-10,429

7,548

8,661

-19,483

14,793

862

3,144

-8,320

-2,411

-36,944

-23,053

Supplemental disclosures including non-cash investing and financing activities:
Interest paid

-

-

3,745

3,448

3,231

2,750

2,116

2,116

2,061

1,897

1,799

1,525

1,391

1,289

1,134

1,002

889

694

603

519

641

712

678

702

620

685

585

502

660

499

777

743

948

941

777

850

Income taxes refunded

-

-

-

-

-

-

-

180

-

-

-

437

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid (refunded)

-56

0

473

180

-25

194

-180

-

-

-

-

-

-1,330

-160

708

2,383

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

215

1,350

13,488

-33

658

940

5,519

-3,601

755

759

20,876

550

5,884

1,990

5,250

419

2,667

1,686

10,148

Unpaid liabilities for capital expenditures

-911

303

3,863

2,006

-1,174

2,201

2,597

2,597

-2,425

-201

-593

6,156

-688

94

-7,200

11,737

1,425

2,269

-283

8,540

-5,403

2,216

-538

6,893

-3,737

3,425

-654

5,884

-4,021

5,636

-3,450

7,011

-3,378

751

509

6,005