Travelcenters of america inc. /md/ (TANNI)
CashFlow / TTM
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

27,657

33,469

-15,569

-87,922

-123,055

-120,404

-135,193

-2,405

28,580

9,283

23,448

-27,884

-21,360

-1,929

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: loss from discontinued operations, net of taxes

-

-

-

-

-

-117,631

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations

-

-

-

-

-

-2,773

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,867

-8,828

-8,604

-9,222

-9,618

-9,628

-8,836

-7,200

-5,760

-4,946

0

0

0

Net (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

38,602

41,609

43,959

31,623

17,189

20,376

34,244

32,198

32,182

33,985

25,961

23,574

0

0

0

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

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash rent credits, net

-25,215

-21,406

0

0

0

-

-

-

-

-14,632

-14,374

-14,068

-13,999

-13,683

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2,495

2,378

2,428

2,435

0

0

0

Depreciation and amortization expense

104,061

100,260

93,221

89,482

87,392

83,179

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

56,290

54,518

52,898

51,534

50,205

49,101

47,703

47,466

0

0

0

Noncash rent expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

-

-

-

-

-

-

-

-

-

-

-

110,991

103,664

92,389

83,842

78,589

75,383

72,383

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-3,999

-5,710

-10,028

1,754

375

-403

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from equity investees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,718

1,414

1,148

1,169

0

0

0

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

452

436

420

403

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

3,211

-

6,469

9,844

13,549

13,790

-22,049

-25,534

-29,195

-29,386

731

613

675

641

0

0

0

-

0

0

0

Charge for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-174

-104

-195

99

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

37,909

76,636

-34,879

-14,638

-14,583

-27,340

29,222

47,496

41,992

18,437

22,227

-10,560

2,032

14,503

1,601

-1,972

-11,582

-5,076

-21,444

-40,404

-36,947

-8,838

-18,213

-13,508

-12,387

-2,138

-22,591

24,538

1,269

-24,200

22,980

-10,276

22,663

48,444

0

0

0

Inventory

-25,011

-154

-3,602

7,048

8,478

9,102

7,711

15,786

7,989

3,646

19,358

7,734

15,072

19,678

2,612

-5,119

-4,417

-6,464

-10,219

-12,119

-24,316

-27,594

-17,759

-10,052

-1,586

2,411

3,349

21,738

17,880

17,045

26,491

15,495

11,294

27,048

0

0

0

Other assets

-1,369

-5,152

-8,922

-8,085

-5,282

-1,384

564

536

-577

-1,795

-14,415

-18,075

-18,883

-21,575

-7,285

-342

-1,106

2,870

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-10,281

-8,448

-5,927

-6,529

0

0

0

-

-

-

-

Accounts payable and other liabilities

-54,172

26,698

-65,792

-24,767

-7,080

-31,932

68,219

63,622

38,031

3,876

20,700

-952

33,715

46,405

1,998

-6,182

-17,632

8,072

8,095

-1,656

-9,869

-12,010

5,203

-26,892

-23,174

9,543

-27,403

29,967

20,557

-13,131

67,104

34,545

44,905

43,847

0

0

0

Other, net

-10,471

-9,066

-59

-10,177

-15,981

-19,558

-22,866

-25,983

-20,114

-17,319

-16,046

-3,380

-3,540

-2,368

-9,199

-6,934

-7,039

-7,394

-3,112

-2,921

-2,506

-2,928

-1,152

-460

-1,883

-1,597

-4,523

-5,391

-3,634

-2,974

-1,114

-1,304

-518

-411

0

0

0

Net cash provided by operating activities of continuing operations

-

-

-

-

-

73,258

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

71,660

65,793

93,882

83,072

106,599

117,373

84,019

30,141

0

0

0

Net cash provided by operating activities of discontinued operations

-

-

-

-

-

8,348

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

55,272

82,467

51,048

58,486

91,607

81,606

112,077

102,571

74,614

35,674

48,097

69,617

88,564

110,777

105,334

92,934

91,425

136,888

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of improvements to HPT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Proceeds from asset sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

68,241

68,290

134

178

146

147

0

0

0

Acquisitions of travel centers from SVC

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

66,168

68,381

49,828

52,070

162,781

154,727

137,352

124,851

0

0

0

Capital expenditures

-

-

-

-

-

-

145,352

118,132

117,075

124,055

186,239

254,969

303,584

329,997

354,370

335,520

311,052

295,437

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from asset sales

505

0

11,667

27,484

43,037

55,829

65,407

61,671

97,842

109,374

123,462

148,169

179,645

193,082

187,501

231,278

396,297

378,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

19,858

19,652

6,044

42,922

71,935

123,118

319,647

313,677

320,290

272,387

98,137

67,229

28,695

107,708

85,293

103,813

109,978

175,498

198,751

192,491

188,694

0

0

0

-

-

-

-

Investment in equity investee

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

208,203

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-160,255

-173,285

-164,729

-172,474

-131,889

-121,055

-91,810

-86,798

0

0

0

Net cash used in investing activities of discontinued operations

-

-

-

-

-

-8,904

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-74,727

-386,417

-102,733

-108,475

-116,373

199,299

-98,262

-100,139

-60,686

-61,885

-111,438

-127,032

-179,549

-220,038

-289,987

-423,889

-228,432

-237,477

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
West Greenwich Loan borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on Credit Facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of Senior Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110,000

0

0

0

-

-

-

-

-

-

-

-

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,750

4,914

4,914

4,913

187

0

0

0

-

-

-

-

Proceeds from sale leaseback transactions with SVC

-

-

-

-

-

517

990

1,394

2,621

2,860

3,082

2,746

1,471

937

216

847

749

1,190

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale leaseback financing obligation payments

-

-

-

-

-

971

1,008

882

811

761

665

656

646

578

641

517

45,829

46,347

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

139

136

105

105

130

101

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale-leaseback transactions with HPT

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

Sale-leaseback financing obligation payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,994

2,013

2,049

2,089

2,152

2,121

2,009

2,046

0

0

0

Other, net

-1,242

-745

209

-106

-103

-103

0

0

0

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

14,873

6,673

-1,783

-2,421

-2,540

-2,402

-2,226

-778

526

841

976

649

-495

-1,035

93,303

93,885

48,491

48,495

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

151

96

-54

6

-84

-198

-173

-90

39

140

-271

-408

-478

-479

13

-14

-31

-94

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

11,416

1,564

14,493

-25,230

-62,636

-57,174

-91,958

-110,775

-91,337

-237,084

-88,547

-52,188

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

113,874

113,206

111,882

6,322

-3,703

-3,685

49,562

49,547

0

0

0

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-27

-9

-8

14

62

-58

-39

-31

0

0

0

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

25,252

5,705

41,027

-83,066

-28,931

-7,425

41,732

-7,141

0

0

0

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

28,178

27,819

28,291

28,416

28,207

29,250

31,649

31,645

31,872

31,611

31,076

30,896

30,546

29,846

25,361

23,114

22,411

21,204

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

13,523

11,686

9,808

10,227

9,518

10,516

9,042

10,462

0

0

0

Income taxes refunded

-1,660

-1,670

-249

-213

-221

-228

87

-129

766

345

247

1,039

-151

243

885

458

2,281

1,984

2,366

2,192

1,649

1,527

685

695

799

750

825

862

858

1,127

1,058

999

903

658

0

0

0