CARROLS RESTAURANT GROUP, INC. TAST Cash Flow

Carrols restaurant group, inc. (TAST)

CashFlow / TTM

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
-42,659	-31,919	-20,206	-9,783	1,737	10,104	12,218	-	11,402	0	9,653	7,159	32,700	34,394	37,731	45,472	23,028	25,778	11,425	4	-34,049	-43,009	-39,964	-38,117	-13,144	-14,185	-15,749	-13,519	-20,365	-23,945	-20,560	-18,888	-9,921	-174	5,445	11,218	0	0	0
Loss (income) from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-72	0	0	0	-	-	-	-
Adjustments to reconcile net loss to net cash provided by (used for) operating activities:
Loss on disposals of property and equipment
170	74	-556	-611	-383	-312	-640	-	-251	0	-529	-521	311	7	651	549	-126	-167	-362	-364	-468	-478	-589	-537	-974	-918	-938	-925	-387	-403	-318	-212	-200	-322	51	-63	0	0	0
Stock-based compensation
5,359	5,753	5,826	5,650	5,753	5,812	5,510	-	4,702	0	4,220	3,518	2,935	2,668	2,371	2,053	1,994	1,905	1,662	1,438	1,368	1,297	1,225	1,180	1,189	1,195	1,200	1,205	1,236	1,243	1,124	925	830	794	464	1,037	0	0	0
Gain on bargain purchase
-	-	-	-	-	-	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on settlement agreement
0	-	0	0	0	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment and other lease charges
0	-	0	0	0	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Impairment and other lease charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Depreciation, Depletion and Amortization
80,413	74,674	68,655	62,010	59,510	58,468	57,413	-	56,513	0	55,258	54,159	52,854	51,269	49,389	47,295	45,242	42,590	40,897	39,845	39,018	38,918	38,170	36,923	35,725	34,943	34,289	33,594	32,774	31,933	29,691	26,321	22,883	19,112	12,643	16,058	0	0	0
Amortization of deferred financing costs
1,877	1,694	1,510	1,320	1,201	1,202	1,201	-	1,199	0	1,130	1,035	933	833	799	791	804	801	814	874	916	973	1,013	1,007	1,006	1,005	1,004	1,004	1,003	1,000	910	777	811	557	623	738	0	0	0
Amortization of bond premium and discount on debt
225	-80	-409	-728	-928	-913	-899	-	-884	0	-682	-459	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of unearned income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Sale Leaseback Transaction, Current Period Gain Recognized
-	-	-	-	-	1,584	1,582	-	1,577	0	1,585	1,626	1,670	1,723	1,763	1,788	1,930	2,543	2,548	2,535	2,401	1,790	1,791	1,793	1,795	1,799	1,799	1,799	1,799	1,793	1,785	1,776	1,980	1,951	1,589	1,987	0	0	0
Deferred income taxes
0	-	0	0	0	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Change in refundable income taxes
246	284	121	-14	-23	-55	0	0	-	0	-	-	-	-	-	-	-	-	-	-2,416	-2,416	-2,416	-2,561	-177	-2,067	2,202	2,347	2,379	0	0	0	-	-	-	0	-	-	-	-
Change in refundable income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Changes in other operating assets and liabilities
0	-	0	0	0	-	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net cash provided by (used for) operating activities
36,930	48,708	48,008	52,774	68,919	80,769	83,992	-	82,881	0	82,625	72,783	68,017	62,732	61,478	62,288	65,956	68,972	67,028	70,702	59,362	46,583	28,836	14,707	16,329	17,066	19,752	21,581	10,700	2,574	19,337	18,207	31,423	35,610	29,898	33,448	0	0	0
Cash flows used for investing activities:
New restaurant development
58,606	53,596	42,677	30,134	21,546	23,171	28,786	-	24,310	0	20,045	14,759	6,097	7,573	9,529	8,228	5,875	3,816	1,101	574	591	101	306	1,696	4,245	4,751	4,453	3,166	582	29	121	0	138	185	-1,650	1,757	0	0	0
Restaurant remodeling
59,383	61,105	48,272	33,946	32,504	31,951	31,973	-	31,818	0	35,066	33,504	43,491	52,363	58,551	65,767	59,087	47,978	45,498	41,582	42,659	44,494	42,969	38,197	29,221	28,701	30,524	37,450	42,298	36,927	30,276	21,342	12,958	11,592	7,546	8,533	0	0	0
Other restaurant capital expenditures
17,923	18,922	19,041	16,537	16,999	15,726	17,641	-	19,089	0	18,839	18,926	16,744	14,447	14,191	15,168	15,442	14,671	12,485	10,772	9,554	8,629	7,989	6,720	6,012	5,894	6,390	7,203	8,110	8,264	7,165	6,247	11,835	12,478	12,325	12,632	0	0	0
Corporate and restaurant information systems
16,345	11,978	8,896	5,747	4,933	4,887	4,703	-	3,948	0	5,024	6,327	7,040	7,024	5,616	4,936	4,300	4,241	4,380	3,920	4,025	5,780	5,847	5,397	3,362	2,508	2,566	2,667	3,299	2,420	6,161	10,053	11,381	12,135	8,551	4,849	0	0	0
Total capital expenditures
152,257	145,601	118,886	86,364	75,982	75,735	83,103	-	79,165	0	78,974	73,516	73,372	81,407	87,887	94,099	84,704	70,706	63,464	56,848	56,829	59,004	57,111	52,010	42,840	41,854	43,933	50,486	54,289	47,640	43,723	37,642	36,312	36,390	26,772	27,771	0	0	0
Properties purchased for sale-leaseback
13,648	1,207	0	0	-50	2,123	2,123	-	3,527	0	3,577	1,404	0	0	0	-	-	-	-	3,513	3,575	1,991	697	3,412	6,556	6,556	6,556	3,144	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale-leaseback transactions
59,747	48,364	10,938	10,199	9,434	8,424	4,504	-	4,402	0	5,549	4,257	28,462	38,629	48,584	53,599	35,406	23,699	12,355	9,148	16,097	17,246	19,752	19,565	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of restaurants, net of cash acquired
-	-	-	-	-	38,102	28,962	-	1,360	-	17,550	37,923	51,237	65,444	61,334	48,088	84,500	71,152	59,877	52,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance recoveries
1,585	323	123	765	765	642	0	0	-	0	-	-	-	-	-	1,413	1,216	1,016	500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from lease incentives
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of other properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,082	0	0	0	-	-	-	-
Proceeds from sale-leaseback transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	0
Net cash used for investing activities
-224,263	-218,045	-249,877	-241,482	-103,835	-106,894	-109,042	-	-79,169	0	-94,071	-108,105	-101,823	-116,871	-108,770	-96,221	-136,616	-118,665	-112,768	-103,429	-64,609	-75,485	-70,202	-68,003	-52,615	-40,492	-45,724	-50,486	-53,679	-45,853	-74,071	-65,908	-61,892	-65,205	-24,741	-25,961	0	0	0
Cash flows provided by financing activities:
Repayments of Term Loan B Facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on prior revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayments on prior revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Scheduled principal payments on term loans under prior credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Capital contribution to Fiesta Restaurant Group
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	0	0	0	-	-	-	-
Payments on finance lease liabilities
-	-	-	-	-	-	-	-	1,735	-	1,696	1,651	1,608	1,568	1,521	1,480	1,429	1,371	1,323	1,280	1,239	1,178	1,116	1,050	1,042	1,051	1,062	1,075	1,079	1,060	878	620	330	78	-18	2	0	0	0
Borrowings under prior revolving credit facility
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under prior revolving credit facility
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Term Loan B Facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,625	0	0	0	-	-	-	-
Borrowings under new revolving credit facility
626,000	436,000	312,500	171,250	-4,500	0	-183,250	-	-178,750	0	-92,250	0	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	0	0	13,700	19,200	0	0	0	-	-	-	-
Repayments under new revolving credit facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under new revolving credit facility
-	-	-	-	-	0	-196,750	-	-192,250	0	-72,750	0	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	0	0	14,600	23,200	0	0	0	-	-	-	-
Payments on finance lease liabilities
0	-	0	0	0	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	936	0	0	0	-	-	-	-
Costs associated with financing long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,123	5,169	5,219	5,117	210	62	7	7	0	8	22	575	5,916	5,945	5,955	7,223	1,552	1,845	0	0	0
Costs associated with financing long-term debt
0	-	0	0	0	-	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	295	575	661	759	551	0	0	0
Net cash provided by financing activities
226,937	168,297	185,267	153,955	2,083	727	738	-	732	0	43,294	62,732	67,544	78,129	37,615	13,661	8,964	-1,580	33,783	33,780	33,771	33,934	64,251	66,215	66,278	66,269	688	-1,083	-990	-1,524	75,177	69,301	68,932	85,799	-6,422	2,943	0	0	0
Net increase (decrease) in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,600	0	0	0	-	-	-	-
Net cash provided from (used for) operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,718	0	0	0	-	-	-	-
Net cash provided from (used for) investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,007	0	0	0	-	-	-	-
Net cash provided from (used for) financing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,318	0	0	0	-	-	-	-
Net increase (decrease) in cash from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,971	0	0	0	-	-	-	-
Net increase (decrease) in cash
-	-	-	-	-	-25,398	-24,312	-	4,444	0	31,848	27,410	33,738	23,990	-9,677	-20,272	-61,696	-51,273	-11,957	1,053	28,524	5,032	22,885	12,919	29,992	42,843	-25,284	-29,988	-44,086	-44,919	21,415	13,629	35,171	56,315	879	21,517	0	0	0
Supplemental disclosures:
Interest paid on long-term debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures:
Interest paid on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,984	18,055	0	0	0
Interest paid on long-term debt
-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid on lease financing obligations
104	104	105	105	105	105	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-124	96	0	0	0
Accruals for capital expenditures
15,429	15,062	17,172	9,257	9,189	7,605	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-310	307	0	0	0
Income taxes paid
189	144	134	1	-316	-270	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	958	-446	0	0	0
Non-cash reduction of lease financing obligations
-	-	-	-	-	-	0	-	0	-	0	-	0	0	0	-	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
-	-	-	-	-	-	0	-	0	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-