CARROLS RESTAURANT GROUP, INC. TAST Cash Flow

Carrols restaurant group, inc. (TAST)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Jun'18	Apr'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows provided from (used for) operating activities:
Net Income (Loss) Attributable to Parent
-22,209	-9,906	-6,812	-3,732	-11,469	1,807	3,611	-	7,788	-3,102	-3,102	3,921	2,795	6,039	-5,596	29,462	4,489	9,376	2,145	7,018	7,239	-4,977	-9,276	-27,035	-1,721	-1,932	-7,429	-2,062	-2,762	-3,496	-5,199	-8,908	-6,342	-111	-3,527	59	3,405	5,508	2,246
Loss (income) from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-114	-2	668	-624	-	-	-	-
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Loss on disposals of property and equipment
-50	689	-107	-362	-146	59	-162	-	-134	-75	-75	-269	227	-412	-67	563	-77	232	-169	-112	-118	37	-171	-216	-128	-74	-119	-653	-72	-94	-106	-115	-88	-9	0	-103	-210	364	-114
Stock-based compensation
1,132	1,238	1,707	1,282	1,526	1,311	1,531	-	1,385	1,585	1,585	1,009	723	903	883	426	456	606	565	367	367	363	341	297	296	291	296	306	302	296	301	337	309	177	102	242	273	-153	675
Gain on bargain purchase
-	-	-	-	-	-	0	-	210	20	20	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on settlement agreement
0	-	0	0	1,913	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	22	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment and other lease charges
2,881	-	500	367	910	-	164	-	2,881	309	309	-	1,039	432	531	-	685	286	222	-	396	706	1,630	-	773	429	620	-	1,079	2,198	630	-	-	-	-	-	-	-	-
Impairment and other lease charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26	-	57	-109	1,080
Depreciation, Depletion and Amortization
21,031	21,061	21,200	17,121	15,292	15,042	14,555	-	14,621	14,250	14,250	13,987	13,655	13,366	13,151	12,682	12,070	11,486	11,057	10,629	9,418	9,793	10,005	9,802	9,318	9,045	8,758	8,604	8,536	8,391	8,063	7,784	7,695	6,149	4,693	4,346	3,924	-320	8,108
Amortization of deferred financing costs
482	485	490	420	299	301	300	-	301	300	300	300	298	232	205	198	198	198	197	211	195	211	257	253	252	251	251	252	251	250	251	251	248	160	118	285	-6	226	233
Amortization of bond premium and discount on debt
67	95	89	-26	-238	-234	-230	-	-226	-223	-223	-220	-215	-24	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of unearned income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-44	-47	-9	-	0	0	0	-	-	-	-
Sale Leaseback Transaction, Current Period Gain Recognized
-	-	-	-	-	398	396	-	395	395	395	396	391	403	436	440	444	443	461	582	1,057	448	448	448	446	449	450	450	450	449	450	450	444	441	441	654	415	79	839
Deferred income taxes
6,983	-	1,833	8,565	-346	-	-146	-	-176	138	138	-	48	-1,267	611	-	0	0	0	-	-	-	-	-	2,632	1,352	3,790	-	-2,532	1,686	5,284	-	-2,102	-3,897	1,798	-	-	-	-
Change in refundable income taxes
-6	108	135	9	32	-55	0	0	-	0	-	-	-	-	-	-	-	-	-	0	0	0	-2,416	0	0	-145	-32	-1,890	4,269	0	0	-	-	-	-1,626	-	-	-	-
Change in refundable income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,396
Changes in other operating assets and liabilities
247	-	-8,871	4,505	-3,121	-	-9,107	-	7,466	-7,197	-7,197	-	-10,240	3,491	-1,802	-	-5,023	3,798	3,088	-	-8,894	2,711	-9,384	-	-6,823	8,714	-1,944	-	-8,281	5,077	-3,771	-	-6,441	-12,623	717	-	-4,341	-15,314	9,413
Net cash provided by (used for) operating activities
-3,790	13,692	24,184	2,844	7,988	12,992	28,950	-	18,989	19,838	19,838	16,215	27,839	18,733	9,996	11,449	22,554	17,479	10,806	15,117	25,570	15,535	14,480	3,777	12,791	-2,212	351	5,399	13,528	474	2,180	-5,482	5,402	17,237	1,050	7,734	9,589	11,525	4,600
Cash flows used for investing activities:
New restaurant development
10,517	16,337	18,139	13,613	5,507	5,418	5,596	-	5,025	7,132	7,132	11,033	1,120	760	1,846	2,371	2,596	2,716	545	18	537	1	18	35	47	206	1,408	2,584	553	-92	121	0	0	0	0	138	47	-1,835	3,407
Restaurant remodeling
5,885	23,279	24,836	5,383	7,607	10,446	10,510	-	3,941	7,054	7,054	10,468	10,355	7,189	5,492	20,455	19,227	13,377	12,708	13,775	8,118	10,897	8,792	14,852	9,953	9,372	4,020	5,876	9,433	11,195	10,946	10,724	4,062	4,544	2,012	2,340	2,696	498	2,999
Other restaurant capital expenditures
3,475	3,279	6,859	4,310	4,474	3,398	4,355	-	4,772	3,201	3,201	5,313	5,803	4,522	3,288	3,131	3,506	4,266	4,265	3,405	2,735	2,080	2,552	2,187	1,810	1,440	1,283	1,479	1,692	1,936	2,096	2,386	1,846	837	1,178	7,974	2,489	684	1,485
Corporate and restaurant information systems
4,954	5,308	4,472	1,611	587	2,226	1,323	-	797	541	541	2,042	568	1,873	1,844	2,755	552	465	1,164	2,119	493	604	704	2,224	2,248	671	254	189	1,394	729	355	821	515	4,470	4,247	2,149	1,269	886	545
Total capital expenditures
24,831	48,203	54,306	24,917	18,175	21,488	21,784	-	14,535	17,928	17,928	28,856	17,846	14,344	12,470	28,712	25,881	20,824	18,682	19,317	11,883	13,582	12,066	19,298	14,058	11,689	6,965	10,128	13,072	13,768	13,518	13,931	6,423	9,851	7,437	12,601	6,501	233	8,436
Properties purchased for sale-leaseback
12,441	1,207	0	0	0	0	0	-	-50	2,173	2,173	0	1,404	0	0	-	-	-	-	-62	1,584	1,294	697	0	0	0	3,412	3,144	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale-leaseback transactions
13,685	41,346	2,381	2,335	2,302	3,920	1,642	-	1,570	1,292	1,292	0	1,540	2,717	0	24,205	11,707	12,672	5,015	6,012	0	1,328	1,808	12,961	1,149	3,834	1,621	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of restaurants, net of cash acquired
-	-	-	-	-	10,507	27,595	-	0	-	0	1,367	-7	16,190	20,373	14,681	14,200	12,080	7,127	51,093	852	805	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance recoveries
1,385	200	0	0	123	0	642	0	-	0	-	-	-	-	-	197	200	516	500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from lease incentives
234	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,082	-	-	-	-
Proceeds from sale-leaseback transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	1,861
Net cash used for investing activities
-21,968	3,757	-55,490	-150,562	-15,750	-28,075	-47,095	-	-12,915	-18,809	-18,809	-30,223	-17,222	-27,817	-32,843	-23,941	-32,270	-19,716	-20,294	-64,336	-14,319	-13,819	-10,955	-25,516	-25,195	-8,536	-8,756	-10,128	-13,072	-13,768	-13,518	-13,321	-5,246	-41,986	-5,355	-9,305	-8,559	-1,522	-6,575
Cash flows provided by financing activities:
Repayments of Term Loan B Facility
1,063	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on prior revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25,800
Repayments on prior revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,500
Scheduled principal payments on term loans under prior credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,222	2,814
Capital contribution to Fiesta Restaurant Group
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,500	-	-	-	-
Payments on finance lease liabilities
-	-	-	-	-	-	-	-	448	-	440	429	418	409	395	386	378	362	354	335	320	314	311	294	259	252	245	286	268	263	258	290	249	81	0	0	-3	-15	20
Borrowings under prior revolving credit facility
0	-	0	-89,250	89,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under prior revolving credit facility
0	-	0	-83,000	83,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Term Loan B Facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-61,750	0	61,750	1,625	-	-	-	-
Borrowings under new revolving credit facility
190,000	123,500	136,750	175,750	0	0	-4,500	-	0	4,500	4,500	-183,250	0	86,500	96,750	-	37,500	12,750	0	-	-	-	-	-	0	12,250	20,500	-	0	0	0	0	0	13,700	5,500	-	-	-	-
Repayments under new revolving credit facility
124,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under new revolving credit facility
-	-	-	-	-	0	-4,500	-	4,500	0	0	-196,750	0	124,000	72,750	-	27,000	12,750	0	-	-	-	-	-	0	14,000	18,750	-	0	0	0	0	0	14,600	8,600	-	-	-	-
Payments on finance lease liabilities
567	-	574	505	476	-	457	448	-	440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	0	0	825	-	-	-	-
Costs associated with financing long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	102	5	102	4,914	148	55	0	7	0	0	0	0	8	14	553	5,341	37	24	1,821	-330	330
Costs associated with financing long-term debt
314	-	0	11,158	358	-	0	-	154	0	0	-	45	1,814	107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	295	280	86	98	87
Net cash provided by financing activities
64,056	-17,436	30,855	149,462	5,416	-466	-457	-	-2,410	4,060	4,060	-455	-463	40,152	23,498	4,357	10,122	-362	-456	-340	-422	35,001	-459	-349	-259	65,318	1,505	-286	-268	-263	-266	-193	-802	76,438	-6,142	-562	16,065	-15,783	3,223
Net increase (decrease) in cash and cash equivalents
38,298	-	-	-	-2,346	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,996	-646	51,689	-10,447	-	-	-	-
Net cash provided from (used for) operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-117	1	4,676	-842	-	-	-	-
Net cash provided from (used for) investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-4,382	-10,625	-	-	-	-
Net cash provided from (used for) financing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	794	2,524	-	-	-	-
Net increase (decrease) in cash from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-117	1	1,088	-8,943	-	-	-	-
Net increase (decrease) in cash
-	-	-	-	-	-15,549	-18,602	-	3,664	5,089	5,089	-14,463	10,154	31,068	651	-8,135	406	-2,599	-9,944	-49,559	10,829	36,717	3,066	-22,088	-12,663	54,570	-6,900	-5,015	188	-13,557	-11,604	-19,113	-645	52,777	-19,390	2,429	20,499	-2,659	1,248
Supplemental disclosures:
Interest paid on long-term debt
6,705	-	-	-	503	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures:
Interest paid on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	777	977	8,894	336	7,848
Interest paid on long-term debt
-	-	-	-	-	-	-	-	11,319	320	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid on lease financing obligations
26	26	26	26	26	27	26	-	26	26	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	20	25	-194	245
Accruals for capital expenditures
5,528	1,906	8,274	-279	5,161	4,016	359	-	-347	3,577	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	363	-747	812	-738	980
Income taxes paid
0	-49	55	183	-45	-59	-78	-	-134	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	-6	75	804	-1,319
Non-cash reduction of lease financing obligations
-	-	-	-	-	-	2,538	-	0	-	0	-	0	0	1,744	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease assets obtained in exchange for new operating lease liabilities
-	-	-	-	-	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligations acquired or incurred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Non-cash reduction of lease financing obligations
-	-	-	-	-	-	2,538	-	0	-	0	-	0	0	1,744	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-