| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 |
|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||
Net loss | |||||||||
33,469 | -120,404 | 9,283 | -1,929 | 27,719 | 60,969 | - | - | - | - |
Less: loss from discontinued operations, net of taxes | |||||||||
0 | -117,631 | -10,619 | - | - | - | - | - | - | - |
Income (loss) from continuing operations | |||||||||
33,469 | -2,773 | 19,902 | - | - | - | - | - | - | - |
Adjustments to reconcile income (loss) from continuing operations to net cash provided by operating activities of continuing operations: | |||||||||
Noncash rent expense | |||||||||
- | - | - | - | - | -8,982 | -8,828 | -9,628 | -4,946 | 60,459 |
Net (loss) income | |||||||||
- | - | - | - | - | - | 31,623 | 32,198 | 23,574 | -66,690 |
Adjustments to reconcile net loss to net cash provided by operating activities: | |||||||||
Noncash rent credits, net | |||||||||
-21,406 | -14,799 | -14,632 | -13,683 | -15,170 | - | - | - | - | - |
Share based compensation expense | |||||||||
- | - | - | - | - | - | - | - | 2,435 | 1,745 |
Depreciation and amortization expense | |||||||||
100,260 | 83,179 | 89,379 | - | - | - | - | 51,534 | 47,466 | 44,116 |
Depreciation and amortization expense | |||||||||
- | - | - | 92,389 | 72,383 | 65,584 | 58,928 | - | - | - |
Deferred income tax benefit | |||||||||
-5,710 | -403 | 81,243 | 2,167 | -17,318 | - | - | - | - | - |
Distribution from equity investee | |||||||||
- | - | - | - | - | - | - | 4,800 | - | 960 |
Income from equity investees | |||||||||
- | - | - | - | - | - | - | - | 1,169 | 757 |
Amortization of deferred financing costs | |||||||||
- | - | - | - | - | - | - | - | 403 | 285 |
Deferred income taxes | |||||||||
- | - | - | - | - | 13,790 | -29,386 | 641 | - | 207 |
Loss on extinguishment of debt | |||||||||
- | - | - | 0 | -10,502 | 0 | 0 | - | - | - |
Deferred income tax (benefit) provision | |||||||||
- | - | - | - | - | - | - | - | 429 | - |
Charge for doubtful accounts | |||||||||
- | - | - | - | - | - | - | - | 99 | -183 |
Changes in operating assets and liabilities: | |||||||||
Cash received for tenant improvements | |||||||||
- | - | - | - | - | - | - | - | - | -7,015 |
Accounts receivable | |||||||||
76,636 | -27,340 | 18,437 | 14,503 | -5,076 | -8,838 | -2,138 | -24,200 | 48,444 | 10,250 |
Inventory | |||||||||
-154 | 9,102 | 3,646 | 19,678 | -6,464 | -27,594 | 2,411 | 17,045 | 27,048 | 10,589 |
Other assets | |||||||||
-5,152 | -1,384 | -1,795 | -21,575 | 2,870 | -2,414 | -8,309 | - | - | - |
Other assets | |||||||||
- | - | - | - | - | - | - | -6,529 | 6,916 | 7,551 |
Accounts payable and other liabilities | |||||||||
26,698 | -31,932 | 3,876 | 46,405 | 8,072 | -12,010 | 9,543 | -13,131 | 43,847 | 11,247 |
Other, net | |||||||||
-9,066 | -19,558 | -17,319 | -2,368 | -7,394 | -2,928 | -1,597 | -2,974 | -411 | -879 |
Net cash provided by operating activities of continuing operations | |||||||||
82,467 | 73,258 | 14,313 | - | - | - | - | 83,072 | 30,141 | 30,893 |
Net cash provided by operating activities of discontinued operations | |||||||||
0 | 8,348 | 21,361 | - | - | - | - | - | - | - |
Net cash provided by operating activities | |||||||||
82,467 | 81,606 | 35,674 | 110,777 | 136,888 | 161,125 | 71,513 | - | - | - |
Cash flows from investing activities: | |||||||||
Proceeds from other asset sales | |||||||||
2,919 | 0 | - | - | - | - | - | - | - | - |
Acquisitions of travel centers from SVC | |||||||||
309,637 | 0 | - | - | - | - | - | - | - | - |
Distribution from equity investee | |||||||||
5,756 | 0 | - | - | - | - | - | - | - | - |
Capital expenditures | |||||||||
83,955 | 144,781 | - | - | - | - | - | - | - | - |
Proceeds from sales of improvements to HPT | |||||||||
- | - | - | - | - | - | - | - | 69,122 | - |
Proceeds from asset sales | |||||||||
- | - | - | - | - | - | - | 68,290 | 147 | 17 |
Acquisitions of travel centers from SVC | |||||||||
- | - | - | - | - | - | - | 52,070 | 124,851 | 59,485 |
Capital expenditures | |||||||||
- | - | 124,055 | 329,997 | 295,437 | 169,825 | 164,242 | - | - | - |
Proceeds from sale of convenience stores business, net | |||||||||
0 | 310,496 | 0 | - | - | - | - | - | - | - |
Proceeds from asset sales | |||||||||
0 | 55,829 | 109,374 | 193,082 | 378,250 | 64,927 | 78,181 | - | - | - |
Acquisitions of businesses, net of cash acquired | |||||||||
0 | 10,482 | 19,858 | 71,935 | 320,290 | 28,695 | 109,978 | 188,694 | 31,216 | - |
Investment in equity investee | |||||||||
1,500 | 2,859 | 6,000 | 11,188 | 0 | 825 | 0 | - | - | 76 |
Net cash (used in) provided by investing activities of continuing operations | |||||||||
-386,417 | 208,203 | -40,539 | - | - | - | - | -172,474 | -86,798 | -59,544 |
Net cash used in investing activities of discontinued operations | |||||||||
0 | -8,904 | -21,346 | - | - | - | - | - | - | - |
Net cash used in investing activities | |||||||||
-386,417 | 199,299 | -61,885 | -220,038 | -237,477 | -134,418 | -196,039 | - | - | - |
Cash flows from financing activities: | |||||||||
Proceeds from issuance of Senior Notes | |||||||||
- | - | - | 0 | 100,000 | 120,000 | 110,000 | - | - | - |
Payments of Stock Issuance Costs | |||||||||
- | - | - | - | - | 14 | - | - | - | - |
Proceeds from issuance of common shares, net of offering costs | |||||||||
- | - | - | - | - | - | 65,102 | - | 53,135 | - |
Proceeds from borrowings under credit facility | |||||||||
- | - | - | - | - | - | - | - | 1,000 | - |
Repayment of borrowings under credit facility | |||||||||
- | - | - | - | - | - | - | - | 1,000 | - |
Payment of deferred financing costs | |||||||||
- | - | - | 0 | 4,506 | 6,135 | 4,750 | 187 | 1,542 | - |
Proceeds from sale leaseback transactions with SVC | |||||||||
0 | 517 | 2,860 | 937 | 1,190 | 1,398 | 6,319 | - | - | - |
Sale leaseback financing obligation payments | |||||||||
0 | 971 | 761 | 578 | 46,347 | 2,380 | 1,644 | - | - | - |
Acquisition of treasury stock from employees | |||||||||
346 | 1,744 | 1,175 | 1,394 | 1,842 | 928 | 0 | - | - | - |
Distributions to noncontrolling interest | |||||||||
136 | 101 | 83 | 0 | 0 | - | - | - | - | - |
Revolving Credit Facility borrowings | |||||||||
7,900 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale-leaseback transactions with HPT | |||||||||
- | - | - | - | - | - | - | 8,598 | - | - |
Sale-leaseback financing obligation payments | |||||||||
- | - | - | - | - | - | - | 2,089 | 2,046 | 1,628 |
Other, net | |||||||||
-745 | -103 | - | - | - | - | - | - | - | - |
Net cash provided by (used in) financing activities | |||||||||
6,673 | -2,402 | 841 | -1,035 | 48,495 | 111,941 | 175,027 | - | - | - |
Effect of exchange rate changes on cash | |||||||||
96 | -198 | 140 | -479 | -94 | -30 | -33 | - | - | - |
Net increase (decrease) in cash and cash equivalents | |||||||||
-297,181 | 278,305 | - | - | - | - | - | - | - | - |
Net (decrease) increase in cash and cash equivalents | |||||||||
- | - | -25,230 | -110,775 | -52,188 | 138,618 | 50,468 | - | - | - |
Net cash used in financing activities | |||||||||
- | - | - | - | - | - | - | 6,322 | 49,547 | -1,628 |
Effect of exchange rate changes on cash | |||||||||
- | - | - | - | - | - | - | 14 | -31 | 43 |
Net decrease in cash and cash equivalents | |||||||||
- | - | - | - | - | - | - | -83,066 | -7,141 | -30,236 |
Supplemental disclosure of cash flow information: | |||||||||
Interest paid, net of capitalized interest | |||||||||
27,819 | 29,250 | 31,611 | 29,846 | 21,204 | 16,055 | 15,226 | - | - | - |
Interest paid (including rent classified as interest and net of capitalized interest) | |||||||||
- | - | - | - | - | - | - | 10,227 | 10,462 | 23,826 |
Income taxes refunded | |||||||||
-1,670 | -228 | 345 | 243 | 1,984 | 1,527 | 750 | 1,127 | 658 | 859 |