Travelcenters of america inc. /md/ (TANNI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net loss

-18,541

43,117

1,872

1,209

-12,729

-5,921

-70,481

-33,924

-10,078

-20,710

62,307

-2,939

-29,375

-6,545

10,975

3,585

-9,944

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: loss from discontinued operations, net of taxes

-

-

-

-

-

1,052

-72,070

-42,562

-4,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

-

-

-

-

-

-6,973

1,589

8,638

-6,027

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities of continuing operations:
Noncash rent expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,168

-2,192

-2,236

-2,271

-2,129

-1,968

-2,854

-2,667

-2,139

-1,176

-1,218

-1,227

-1,325

Net (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,729

-

12,796

13,634

197

11,975

15,803

15,984

-12,139

-2,459

18,990

29,852

-14,185

-2,475

20,793

21,828

-16,572

Adjustments to reconcile net loss to net cash provided by operating activities:
Noncash rent adjustments

-

-

-

-

-

-

-

-

-3,608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash rent credits, net

-5,335

-7,173

-5,746

-6,961

-1,526

-

-

-

-

-3,624

-3,855

-3,491

-3,662

-3,366

-3,549

-3,422

-3,346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

772

-

467

561

534

933

350

611

541

Depreciation and amortization expense

28,560

28,142

24,146

23,213

24,759

21,103

20,407

21,123

20,546

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,128

-

14,646

14,025

13,223

14,396

12,874

12,405

11,859

13,067

11,770

11,007

11,622

Noncash rent expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

201

9,298

2,336

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

-

-

-

-

-

-

-

-

-

-

-

28,649

31,800

27,844

22,698

21,322

20,525

19,297

17,445

18,116

17,525

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

6,114

-11,370

526

731

4,403

-15,688

12,308

-648

3,625

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from equity investees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

436

-

801

662

-200

455

497

396

-179

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

154

-

88

88

87

189

72

72

70

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-55,977

-2,482

-20,729

-

3,707

1,494

-4,121

-

445

51

35

5,938

3,820

3,756

276

-29,901

335

95

85

216

217

157

51

-

52

374

-270

Charge for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

-

13

237

-223

-201

83

146

71

Changes in operating assets and liabilities:
Accounts receivable

2,175

40,021

-13,353

9,066

40,902

-71,494

6,888

9,121

28,145

-14,932

25,162

3,617

4,590

-11,142

-7,625

16,209

17,061

-24,044

-11,198

6,599

23,567

-40,412

-30,158

10,056

51,676

-49,787

-25,453

11,177

61,925

-70,240

21,676

-12,092

36,456

-23,060

-11,580

20,847

62,237

Inventory

-27,420

1,380

-4,509

5,538

-2,563

-2,068

6,141

6,968

-1,939

-3,459

14,216

-829

-6,282

12,253

2,592

6,509

-1,676

-4,813

-5,139

7,211

-3,723

-8,568

-7,039

-4,986

-7,001

1,267

668

3,480

-3,004

2,205

19,057

-378

-3,839

11,651

8,061

-4,579

11,915

Other assets

-2,702

2,320

-4

-983

-6,485

-1,450

833

1,820

-2,587

498

805

707

-3,805

-12,122

-2,855

-101

-6,497

2,168

4,088

-865

-2,521

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,037

1,711

8,073

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-65

-

-3,590

-5,444

-635

-612

-1,757

-2,923

-1,237

-

-

-

-

Accounts payable and other liabilities

-17,555

-47,329

-6,255

16,967

63,315

-139,819

34,770

34,654

38,463

-39,668

30,173

9,063

4,308

-22,844

8,521

43,730

16,998

-67,251

341

32,280

42,702

-67,228

-9,410

24,067

40,561

-50,015

-41,505

27,785

73,278

-86,961

15,865

18,375

39,590

-6,726

-16,694

28,735

38,532

Other, net

-2,041

-5,789

-2,002

-639

-636

3,218

-12,120

-6,443

-4,213

-90

-15,237

-574

-1,418

1,183

-2,571

-734

-246

-5,648

-306

-839

-601

-1,366

-115

-424

-1,023

410

577

-1,847

-737

-2,516

-291

-90

-77

-656

-481

696

30

Net cash provided by operating activities of continuing operations

-

-

-

-

-

-42,149

39,091

49,973

26,343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,407

-

14,841

47,740

15,281

-6,202

8,974

75,829

4,471

17,325

19,748

42,475

-49,407

Net cash provided by operating activities of discontinued operations

-

-

-

-

-

925

1,706

3,863

1,854

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

11,003

-9,805

33,359

20,715

38,198

-41,224

40,797

53,836

28,197

-10,753

31,291

25,879

-10,743

1,670

52,811

44,826

11,470

-3,773

40,411

43,317

56,933

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Acquisitions of travel centers from SVC

0

-

-

-

309,637

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

16,640

-

-

-

16,688

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of improvements to HPT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,409

-

30,217

5,005

13,060

-

-

-

-

Proceeds from asset sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,837

-

-

-

7

68,200

-21

55

56

44

23

23

57

Acquisitions of travel centers from SVC

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,010

-

40,968

52,168

32,535

-59,503

43,181

33,615

34,777

51,208

35,127

16,240

22,276

Capital expenditures

-

-

-

-

-

-

44,333

39,337

23,086

38,596

17,113

38,280

30,066

100,780

85,843

86,895

56,479

125,153

66,993

62,427

40,864

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from asset sales

505

0

0

0

0

11,667

15,817

15,553

12,792

21,245

12,081

51,724

24,324

35,333

36,788

83,200

37,761

29,752

80,565

248,219

19,714

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

1,500

-141

0

-

1,500

1,500

1,500

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

4

13,744

0

6,110

-202

136

36,878

35,123

50,981

196,665

30,908

41,736

3,078

22,415

0

3,202

82,091

0

18,520

9,367

147,611

23,253

12,260

5,570

-

-

-

-

Investment in equity investee

0

-

-

-

1,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities of continuing operations

-

-

-

-

-

272,156

-30,016

-23,643

-10,294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,375

-

-23,208

-49,371

-19,486

-68,190

-36,238

-40,815

-27,231

-27,605

-25,404

-11,570

-22,219

Net cash used in investing activities of discontinued operations

-

-

-

-

-

-1,475

-1,704

-3,866

-1,859

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-16,135

-13,003

-25,978

-19,611

-327,825

270,681

-31,720

-27,509

-12,153

-26,880

-33,597

11,944

-13,352

-76,433

-49,191

-40,573

-53,841

-146,382

-183,093

154,884

-62,886

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
West Greenwich Loan borrowings

16,600

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on Credit Facility

7,900

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of Senior Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

110,000

-

-

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

1

4,748

165

0

0

22

-

-

-

-

Proceeds from sale leaseback transactions with SVC

-

-

-

-

-

26

0

146

345

499

404

1,373

584

721

68

98

50

0

699

0

491

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale leaseback financing obligation payments

-

-

-

-

-

169

323

243

236

206

197

172

186

110

188

162

118

173

64

45,474

636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

32

31

0

76

29

0

0

101

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale-leaseback transactions with HPT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

268

-

649

1,289

246

-

-

-

-

-

-

-

-

Sale-leaseback financing obligation payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

589

-

524

513

509

448

543

549

549

511

512

437

586

Other, net

-523

-87

-603

-29

-26

867

-918

-26

-26

-

-

-

-

-

0

0

-74

-

-173

16

7

-

0

-3

-11

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

8,145

7,436

-603

-105

-55

-1,020

-1,241

-224

83

-844

207

1,080

398

-709

-120

-64

-142

93,629

462

-45,458

-138

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

99

32

-17

37

44

-118

43

-53

-70

-93

126

76

31

-504

-11

6

30

-12

-38

-11

-33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

3,112

-

-

-

-289,638

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

7,879

26,050

16,057

-38,570

-1,973

38,979

-23,666

-75,976

3,489

4,195

-42,483

-56,538

-142,258

152,732

-6,124

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-332

-

125

775

104,989

7,985

-543

-549

-571

-2,040

-525

52,698

-586

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9

-

13

-17

-9

-14

31

-16

13

34

-89

3

21

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,309

-

-8,229

-873

100,775

-66,421

-27,776

34,449

-23,318

-12,286

-6,270

83,606

-72,191

Supplemental disclosure of cash flow information:
Interest paid, net of capitalized interest

7,248

6,923

7,113

6,894

6,889

7,395

7,238

6,685

7,932

9,794

7,234

6,912

7,671

9,259

7,054

6,562

6,971

4,774

4,807

5,859

5,764

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid (including rent classified as interest and net of capitalized interest)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,989

-

4,300

4,243

1,997

2,983

2,463

2,365

2,416

2,274

3,461

891

3,836

Income taxes refunded

464

-1,815

39

-348

454

-394

75

-356

447

-79

-141

539

26

-177

651

-651

420

465

224

1,172

123

847

50

629

1

5

60

733

-48

80

97

729

221

11

38

633

-24