Container store group, inc. (TCS)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Feb'16Dec'15Nov'15Sep'15Aug'15Jun'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13
Operating activities
Net income

2,412

3,646

-4,099

-

9,321

-

3,241

-6,764

-

-

28,379

-875

-7,677

8,377

5,092

3,541

-2,057

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,731

-

2,673

-5,788

-5,199

13,048

6,249

6,955

-3,579

18,340

-9,486

4,107

-4,795

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization

9,689

8,742

9,706

8,953

8,887

-

9,128

9,337

9,398

-

9,477

9,505

9,542

9,063

9,236

9,478

9,347

8,981

-

8,834

-

8,378

8,231

8,037

8,412

7,776

7,567

7,256

7,733

7,570

7,580

7,470

Stock-based compensation

799

965

811

859

632

-

769

586

437

-

585

510

494

634

599

391

365

392

-

487

-

349

327

328

339

404

269

277

283

14,641

114

99

Excess tax provision (benefit) from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

-5

15

-

-

-

-

Gain on disposal of assets

8

0

4

-221

324

-

0

-40

-42

-

-83

-102

-51

-16

0

-44

3

-

-

-

-

-7

-

-5

-

-

-114

-100

-136

3

-51

-22

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

56

-2

-

10

-

-

-

-

-

-

-

-

-

Deferred tax benefit

-3,213

81

-1,891

2,396

-1,032

-

947

-3,874

1,710

-

-22,917

235

-4,573

948

-1,081

959

-922

3,665

-

-827

-

1,064

-3,424

-3,043

174

1,691

1,664

-2,106

-7,331

1,461

1,870

-1,791

Noncash refinancing expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

128

0

723

Non-cash interest

465

466

465

465

468

-

659

759

759

-

759

666

480

480

481

480

480

480

-

482

-

489

489

489

489

489

489

489

490

466

467

434

Other

-

-

-

-

-

-

-

-

-99

-

43

88

195

106

10

8

-153

18

246

-

-

54

219

83

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

2,291

-342

2,200

-3,260

4,282

-

483

-110

-3,919

-

3,326

-1,855

-744

-3,982

3,503

3,504

2,836

4,185

-

-602

-

3,778

760

-2,023

964

-1,606

-937

-2,558

3,898

2,734

2,023

-2,090

Inventory

6,139

14,065

11,923

-7,325

4,947

-

7,091

9,975

-11,071

-

406

1,909

350

-6,088

-2,345

8,748

19,283

-23,002

-

3,436

-

1,684

20,542

19,811

-18,380

9,554

1,766

9,728

-19,195

13,040

185

9,523

Prepaid expenses and other assets

-906

-980

670

3,343

-2,978

-

-2,073

198

2,366

-

-1,545

-5,253

6,565

-1,096

3,701

-6,389

-244

-1,580

-

394

-

1,708

-260

-1,009

-5,165

5,381

448

-5,369

3,071

729

5,250

-5,076

Accounts payable and accrued liabilities

-13,794

15,149

2,275

147

171

-

3,274

10,030

-13,378

-

1,819

11,871

5,937

-8,917

-2,607

3,992

18,497

1,969

-

2,940

-

-3,484

6,197

4,415

2,413

4,900

3,738

-5,489

710

-188

9,296

-4,205

Net change in lease assets and liabilities

123

274

-152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

3,707

-3,245

-1,009

1,136

2,519

-

-2,780

-3,303

3,086

-

800

-1,141

-2,120

-1,562

3,785

1,129

175

618

-

-151

-

-273

-1,422

-1,524

2,078

-344

-976

-3,340

4,782

731

-737

-3,128

Other noncurrent liabilities

465

542

370

-203

-4,669

-

-363

-68

8,604

-

-405

-792

-939

453

-199

-72

-4,523

-34

-

104

-

734

-205

-416

-341

603

399

445

2,741

2,408

1,318

255

Net cash (used in) provided by operating activities

-6,891

14,076

-8,321

37,073

9,687

-

11,456

-3,320

22,784

-

16,436

27,737

-4,781

20,764

10,457

14,087

-669

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investing activities
Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,006

-

2,821

-16,408

-13,604

48,961

4,480

18,947

-7,763

39,959

1,311

16,608

-7,273

Additions to property and equipment

7,762

12,831

8,703

12,342

10,659

-

6,213

4,456

7,545

-

6,972

7,948

5,181

7,505

5,796

7,201

8,013

9,985

-

10,599

-

12,515

12,199

13,332

8,381

9,442

17,499

13,418

15,845

9,514

13,599

9,450

Proceeds from sale of property and equipment

8

0

4

-16

908

-

6

1

77

-

1

16

2

0

0

0

7

3

-

8

-

3

191

188

-

-

-

-

331

19

1

388

Net cash used in investing activities

-7,754

-12,831

-8,699

-12,358

-9,751

-

-6,207

-4,455

-7,468

-

-6,971

-7,932

-5,179

-7,505

-5,796

-7,201

-8,006

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing activities
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,591

-

-12,033

-12,008

-13,144

-8,366

-4,667

-17,493

-13,418

-15,514

-9,495

-13,598

-9,062

Borrowings on revolving lines of credit

15,907

17,467

17,961

14,945

-5,148

-

37,823

7,581

432

-

27,360

14,818

4,876

-404

18,969

12,636

11,530

9,650

-

16,693

-

15,562

15,016

13,967

14,037

14,851

27,189

18,334

16,689

18,306

15,458

16,334

Payments on revolving lines of credit

27,024

16,077

13,599

9,228

20,989

-

12,604

6,663

432

-

27,360

17,433

2,261

-437

20,461

17,175

9,017

17,581

-

18,010

-

13,017

11,890

9,327

21,251

20,840

33,422

9,961

17,671

23,115

12,374

11,205

Borrowings on long-term debt

36,000

10,000

19,000

5,000

54,000

-

257,500

15,000

0

-

5,000

325,000

5,000

0

10,000

8,000

12,000

0

-

10,000

-

15,000

23,000

8,000

-359

9,733

17,015

8,000

6,000

14,500

10,500

95,000

Payments on long-term debt

5,737

15,034

1,741

48,461

13,754

-

292,543

1,954

29,518

-

2,334

328,201

1,350

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

616

0

3,046

Payments on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,361

9,405

6,355

-

-

6,341

-

1,320

1,327

1,320

-

4,786

5,361

5,172

-

33,809

17,568

2,203

Payment of taxes with shares withheld upon restricted stock vesting

16

9

347

0

6

-

0

122

0

-

0

0

39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of distributions to preferred shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

205,826

0

90,000

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

56

1

3

34

40

77

587

-

-

-

-

Net cash provided by financing activities

19,130

-3,653

21,274

-37,744

13,963

-

-12,068

13,842

-29,518

-

2,654

-17,050

6,226

-21,342

5,147

-5,944

8,158

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

80

-5

15

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,084

-

16,281

24,800

11,323

-28,901

-922

5,493

11,803

-17,278

6,461

-4,037

4,880

Effect of exchange rate changes on cash

457

33

-214

-576

-142

-

-71

-364

-52

-

389

174

214

328

-646

198

-103

140

-

-307

-

-519

494

260

-665

-224

-259

-58

57

-199

68

-193

Net increase in cash

4,942

-2,375

4,040

-13,605

13,757

-

-6,890

5,703

-14,254

-

12,508

2,929

-3,520

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,162

1,140

-620

-

13,556

-1,808

-1,000

-5,493

-3,122

-

-

-

-

-

-

-

-

-

Net decrease in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,165

-

-

-

-9,436

-

-1,922

-959

-11,648

Supplemental information for non-cash investing and financing activities:
Purchases of property and equipment (included in accounts payable)

-207

-413

1,590

-1,590

1,427

-

340

852

-153

-

-51

-203

1,148

-166

-513

66

751

-674

-

163

-

-297

750

2,194

3,454

348

-982

2,098

-

-

-

-

Capital lease obligation incurred

-

-

-

-

-

-

-

-

37

-

87

55

36

33

38

473

147

167

-

16

-

127

237

231

-

-

-

-

-

-

-

-