Franchise Group, Inc. TAX Cash Flow

Franchise group, inc. (TAX)

CashFlow / Quarterly

Dec'19	Oct'19	Jul'19	Apr'19	Jan'19	Dec'18	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11
Interest Costs Capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Ordinary Dividends
-	-	-	0	-	0	2,244	0	2,253	2,187	2,143	2,339	-	2,222	2,225	2,223	-	2,214	2,203	2,212	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Interest Paid, Excluding Capitalized Interest, Operating Activities
237	652	251	0	-	3,021	488	522	5,830	802	480	281	-	812	649	241	-	447	276	251	-	370	347	231	-	396	224	231	-	246	406	199	454	567	422	197
Income Taxes Paid, Net
-4,167	-85	72	-1,157	-	2,453	-4,046	16	3,961	-333	-7,148	137	-	-139	-637	-4,286	-	-92	-138	-2,144	-	101	1,350	9,398	-	245	-3,255	9,398	-	-449	473	6,364	-	140	-18	6,968
Capital Expenditures Incurred but Not yet Paid
-16	-20	36	0	-	-121	4	117	0	-70	16	54	-	-33	-104	144	-	-58	69	281	-	15	-30	267	-	-42	-43	267	-	-953	285	850	-529	-180	477	577
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
-61,233	-24,095	-19,138	40,897	-	-10,808	-12,874	-19,371	24,518	-1,522	-13,103	-9,758	29,330	2,455	-9,342	-9,430	32,290	4,736	-9,070	-8,536	26,743	1,919	-11,328	-8,644	32,331	4,056	-8,478	-5,927	28,428	1,673	-6,111	-6,363	21,034	5,266	-5,366	-4,551
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for doubtful accounts
1,043	1,983	1,725	3,588	-	1,252	1,959	1,939	4,531	4,410	2,047	1,408	3,896	3,195	1,907	1,380	2,693	1,193	1,695	1,701	1,273	1,245	1,752	1,456	2,806	2,456	1,868	1,562	2,517	1,317	1,736	1,528	2,300	1,097	1,401	990
Depreciation, amortization, and impairment charges
-	4,635	3,986	-	3,991	-	3,165	3,194	-	3,996	2,334	2,196	-	2,503	1,815	2,012	-	2,119	1,837	1,670	-	2,527	2,029	2,299	-	2,267	1,745	1,578	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,591	1,312	1,376	1,449	1,374
Amortization of deferred financing costs
-1,036	679	676	-131	-	31	36	102	39	116	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84	78	70	69	165	84	85	84
Gain (Loss) on Disposition of Other Assets
212	140	548	589	-	-86	1,247	4,083	7,631	-1,529	-841	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based Payment Arrangement, Noncash Expense
2,019	342	741	395	-	165	234	205	1,157	550	1,419	554	-	459	378	683	-	482	401	465	-	494	821	687	-	653	566	175	264	340	494	398	226	318	489	396
Share-based Compensation Related To The Liability Classified Awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-50	-	0	0	0	-	-	-	-	0	0	0	-872	-	-	-	-	-	-	-	-
Gain on sale of available-for-sale securities
-	-	127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on bargain purchases and sales of Company-owned offices
-74	-1,032	0	849	-	-17	-193	55	-4,027	2,355	-193	-536	466	693	-87	28	385	82	271	117	104	23	192	95	514	111	167	351	599	-48	166	60	619	20	175	159
Equity in loss of affiliate
31	10	74	-109	-	0	54	-8	-142	71	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-75	-49	0	-69	-	-	-	-
Deferred tax expense
2,696	-11,971	0	786	-	-21	-224	45	-2,482	106	41	-34	-917	-1,589	2,057	578	131	1,675	4,120	1,458	-3,689	-2,014	124	2,034	1,650	-1,643	2,006	592	-833	1,182	1,829	1,941	457	183	81	1,583
Changes in:
Income taxes
-3,255	6,433	-5,190	16,660	-	-4,105	-9,952	-9,489	20,321	-21	-14,911	-6,187	19,215	3,130	-8,861	-10,997	20,041	1,337	-9,760	-9,860	19,619	3,212	-9,700	-20,622	-	-	-	-9,912	-	-	-	-	-	-	-	-
Changes in other assets and liabilities
-	-4,144	6,651	-	-35,246	-	-5,533	5,587	-	42,451	-3,575	-2,167	-	32,496	5,127	6,071	-	42,424	10,811	2,241	-	21,151	1,193	-142	-	28,384	20,868	1,390	-	30,285	10,708	15,390	-	32,255	6,874	11,101
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
-4,538	-26,893	-10,054	68,903	-	-16,035	-22,081	-13,658	90,040	-22,771	-25,100	-14,524	94,491	-23,036	-17,086	-21,923	98,100	-30,964	-21,859	-15,460	78,738	-13,791	-17,687	-22,743	94,332	-22,969	-13,336	-14,545	80,256	-24,174	-11,424	-16,217	64,634	-23,897	-8,910	-11,384
Cash flows from investing activities:
Issuance of operating loans to franchisees
7,615	7,621	7,247	39,343	-	10,112	9,978	8,850	15,957	36,757	9,807	11,275	30,463	39,805	13,037	10,828	20,188	55,038	13,993	12,333	19,067	53,721	12,072	8,505	13,795	44,798	10,124	7,296	14,730	40,020	10,899	9,956	11,049	37,757	11,178	7,985
Payments received on operating loans to franchisees
12	66	749	65,508	-	523	135	1,390	67,270	3,267	565	1,545	85,497	2,299	670	1,096	86,709	1,761	662	654	72,366	14,640	445	1,325	70,190	302	231	999	67,246	309	228	999	57,198	2,025	561	1,134
Purchases of Company-owned offices, AD rights, and acquired customer lists
985	1,860	646	90	-	20	61	58	470	344	1,760	352	1,908	2,469	3,870	1,802	1,074	2,372	1,005	336	28	5,517	2,573	128	2,121	2,149	2,291	2,145	2,239	1,389	1,023	1,329	-	-	1,742	285
Proceeds from sale of Company-owned offices and AD rights
-	-	-	-	1,139	-	90	0	-	375	0	76	48	308	937	46	83	282	330	2,239	-3	390	2,657	643	511	2,163	202	3	1,820	866	1,036	350	1,358	254	447	87
Proceeds from Sale of Available-for-sale Securities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,049	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, equipment, and software
418	381	337	548	-	466	1,156	769	1,408	1,276	1,594	1,110	719	1,211	1,536	1,556	2,007	3,221	2,778	2,686	1,931	2,403	4,315	2,814	1,497	2,189	2,559	2,904	2,751	3,504	3,697	1,976	2,734	2,299	1,988	3,267
Net cash used in investing activities
-176,119	-159,655	-7,481	25,549	-	-8,958	-10,970	-8,287	49,435	-34,735	-12,596	-11,116	52,455	-40,878	-16,836	-7,995	63,523	-63,587	-16,784	-12,462	51,337	-46,611	-15,858	-9,479	53,347	-41,964	-14,085	-11,343	49,346	-43,738	-17,335	-11,912	43,606	-40,333	-13,900	-10,316
Cash flows from financing activities:
Proceeds from the exercise of stock options
322	1,574	306	-	-	-	-	-	-	-	-	-	-	-	-	-	288	1,654	65	279	1,930	1,908	3,602	4,543	7,857	3,124	1,506	1,492	2,209	0	0	1,592	705	16	0	21
Repurchase of common stock
65,000	-40,000	-25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	0	266	439	1,272	398	2,211	11,079	22,620	7,905	2,679	1,632	863	4,822	221	570	843	1,648	407	551	1,654
Repayment of other long-term debt
-1,291	1,434	12,911	3,267	-	-45	1,379	2,901	7,432	-1,654	-1,629	3,283	30	541	2,753	416	1,016	418	26	282	552	21	287	641	1,940	-960	1,928	490	726	333	333	1,561	586	13	815	704
Borrowings under revolving credit facility
90,000	19,260	20,000	47,669	-	27,345	35,884	12,717	57,726	59,268	40,551	20,706	18,869	65,722	38,807	28,002	15,007	93,557	41,112	16,556	18,068	83,691	39,025	13,849	26,697	67,590	25,894	17,210	12,634	68,435	29,069	11,078	6,672	65,547	23,454	28,597
Repayments under revolving credit facility
432	0	24,971	119,923	-	3,366	199	127	177,915	29	212	95	150,084	1,142	156	18	165,689	176	367	0	128,830	24,640	1,136	27	131,289	1,457	3,940	705	-	-	-	-	119,471	468	186	4,145
Tax benefit of stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	-	401	37	495	-	503	764	3,509	-	-	-	258	-	-	-	-	-	-	-	-
Payments of Debt Issuance Costs
5,520	5,128	4,423	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-
Proceeds from Issuance of Debt
70,000	128,000	82,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit of stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	269	0	0	0	458
Cash paid for taxes on exercises/vesting of stock-based compensation
89	0	21	0	-	37	40	6	277	146	153	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
139,486	182,272	84,980	-75,456	-	23,987	32,022	9,683	-124,950	56,331	36,796	14,989	-133,806	63,558	32,899	24,982	-153,666	92,427	38,179	11,246	-112,098	59,230	29,601	-5,227	-105,412	66,237	21,497	15,463	-111,449	67,605	27,691	10,527	-90,451	64,675	21,902	22,573
Effect of exchange rate changes on cash, net
11	12	142	6	-	-145	-25	-74	-87	86	-181	478	-172	76	-120	-88	162	-52	9	-293	260	-283	-100	18	71	-169	-42	-15	11	-2	-2	-18	81	-37	-56	-1
Net increase (decrease) in cash and cash equivalents
-	-	67,587	-	-784	-	-1,054	-12,336	-	-1,089	-1,081	-10,173	12,968	-280	-1,143	-5,024	8,119	-2,176	-455	-16,969	18,237	-1,455	-4,044	-37,431	42,338	1,135	-5,966	-10,440	18,164	-309	-1,070	-17,620	17,870	408	-964	872
Repayments of Amounts Due to Former ADs
-	-	-	-	-	-	-	-	-	-	-	-	337	46	735	423	0	111	0	2,318	138	0	371	3,840	-	-	-	1,439	-	-	-	-	-	-	-	-
Fair value of assets purchased
-	5,791	3,696	-	728	-	-92	1,840	-	3,080	4,338	3,664	-	9,845	8,549	8,622	-	6,581	6,372	2,134	-	10,054	4,509	1,968	-	5,674	8,802	1,968	-	9,970	2,499	3,975	1,609	3,563	2,945	3,933
Receivables applied, net of amounts written off, due ADs and related deferred revenue
-	2,764	2,132	-	371	-	-172	289	-	2,341	1,613	2,714	-	3,647	3,863	4,146	-	2,901	4,759	1,731	-	2,595	1,163	1,714	-	-2,990	4,362	1,714	-	-1,699	2,872	2,370	-3,108	2,054	2,614	4,209
Business Combination, Bargain Purchase, Gain Recognized, Amount
-	854	124	-	176	-	-143	191	-	426	352	322	-	303	130	80	-	68	359	24	-	112	154	9	-	-	-	9	-	-	-	-	-	-	-	-
Long-term obligations and accounts payable issued to seller
-	313	794	-	70	-	162	1,302	-	-31	613	276	-	3,426	686	2,594	-	1,240	249	43	-	1,830	619	117	-	1,600	4,599	117	-	-	-	-	-	-	-	-
Accounts payable canceled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,028	874	-	1,085	639	547
Notes and accounts payable issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,506	44	1,139	257	100
Cash paid to ADs, franchisees and third parties
-	1,860	646	-	111	-	61	58	-	344	1,760	352	-	2,469	3,870	1,802	-	2,372	1,005	336	-	5,517	2,573	128	-	2,149	4,308	128	-	4,233	1,023	1,329	1,167	1,547	1,742	285
Elimination of related deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	370	356	-	92	1,029	114
Cash paid to franchisees and area developers
-	1,860	646	-	111	-	61	58	-	344	1,760	352	-	2,469	3,870	1,802	-	-	-	-	-	-	-	-	-	-	-	-	-	4,233	1,023	1,329	-	1,547	1,742	285
Book value of assets sold
-	0	0	-	4,379	-	-437	1,163	-	824	281	24	-	2,758	5,338	1,191	-	4,880	1,942	1,683	-	3,438	4,657	1,773	-	4,337	99	1,773	-	3,354	2,418	437	926	1,928	2,602	473
Gain on sale - revenue deferred
-	0	0	-	986	-	-45	72	-	-100	49	-37	-	-137	223	12	-	137	-9	28	-	110	15	0	-	121	43	-4	-	-	-	-	-	-	-	-
Gain (loss) on sale - gain (loss) recognized
-	-	-	-	0	-	0	0	-	0	0	18	-	0	605	12	-	0	9	1,679	-	55	1,631	314	-	1,080	-310	310	-	338	473	269	498	198	623	51
Notes received
-	0	0	-	2,254	-	297	312	-	549	232	3	-	2,152	3,255	1,145	-	4,461	1,630	1,095	-	2,993	3,616	1,444	-	3,133	184	1,444	-	2,663	1,742	356	685	1,078	2,762	437
Notes and Accounts Payable Assumed
-	0	0	-	-	-	-	779	-	-	-	0	-	435	1,528	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from ADs and franchisees
-	0	0	-	1,139	-	90	0	-	375	0	76	-	308	937	46	-	282	330	2,239	-	390	2,657	643	-	2,163	-438	643	-	982	1,036	350	1,358	254	447	87