Tailored brands, inc. (TLRD)
CashFlow / Yearly
Feb'20Feb'19Feb'18Jan'18Jan'17Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10Jan'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) earnings

-82,276

83,240

96,703

96,703

24,956

24,956

-1,026,719

-95

84,217

132,063

120,466

67,678

46,215

58,844

Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization

107,174

104,216

106,493

106,493

115,205

115,205

132,329

112,659

88,749

84,979

75,968

75,998

86,090

90,665

Non-cash lease expense

194,529

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental product amortization

34,300

35,100

38,000

38,021

42,171

42,171

34,592

34,424

32,266

28,315

28,858

33,485

37,184

38,180

Goodwill impairment charge.

-

23,991

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment charge

-

-

1,500

-

-

-

-

-

-

-

-

-

-

-

Goodwill and intangible asset impairment charges

-

-

-

1,500

-

-

1,243,354

-

11,349

-

-

-

-

-

Loss (gain) on extinguishment of debt, net

-77

-30,253

5,445

5,445

1,737

1,737

-12,675

-2,158

-

-

-

-

-

-

Amortization of deferred financing costs and discount on long-term debt

1,878

3,422

7,066

7,066

7,503

7,503

7,915

5,885

523

372

-

-

-

-

Loss on divestiture of business

-83,513

-3,766

-

-

-

-

-

-

-

-

-

-

-

-

Loss on release of cumulative foreign currency translation adjustment

-26,885

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposition of assets

-2,628

-4,821

-1,237

-1,237

-6,396

-6,396

-3,548

-12,328

-158

-1,958

-2,778

-223

-1,778

-73

Asset impairment charges

3,400

1,000

3,500

3,547

19,358

19,358

27,480

302

368

482

2,042

5,854

19,473

1,812

Gain on bargain purchase acquisition

-

-

-

-

-

-

-

-

-

-

-

524

-

-

Deferred rent expense

-

-

-

-

-

-

-

-

-

-

-

-

2,305

808

Gain on sale of certain distribution facility assets

-

-

-

-

-

-

-

-

-

-

-

-

-

8,818

Share-based compensation

8,902

14,770

20,636

20,636

17,436

17,436

14,839

16,513

17,120

16,515

13,798

11,892

10,168

9,797

Excess tax benefits from share-based plans

-

-

-

-

11

11

1,584

3,766

2,145

2,997

1,903

1,107

392

138

Deferred tax benefit

-13,461

-8,009

-5,763

-5,763

-23,988

-23,988

-184,841

-13,107

2,272

5,180

29,428

8,735

-30,165

8,270

Other

80

272

938

-

-

-

-

-

-

-

-

-

-

-

Deferred rent expense and other

-

-

-

938

-1,725

-1,725

4,066

-4,233

-2,884

-1,030

-1,084

-3,001

-

-

Changes in operating assets and liabilities:
Accounts receivable

-3,161

-2,264

9,440

9,440

5,593

5,593

-8,165

6,151

-14,517

6,447

-3,615

19,846

167

-1,513

Inventories

-26,243

4,482

-114,652

-114,652

-61,707

-61,707

94,889

26,586

39,342

-16,026

86,726

-16,804

-14,407

-40,224

Rental product

30,513

16,217

9,582

9,582

41,779

41,779

65,866

-37,185

-50,577

-55,281

-39,194

-19,234

-40,528

-54,414

Other assets

20,015

-9,385

5,956

5,956

-71,338

-71,338

8,815

19,250

6,339

11,461

-7,088

7,473

-23,505

-3,802

Accounts payable, accrued expenses and other current liabilities

-39,325

43,706

-10,843

-10,843

-44,630

-44,630

22,953

3,831

34,514

9,103

5,351

19,155

-24,918

-34,535

Income taxes payable

-11,750

9,993

4,650

4,650

849

849

289

6,135

-2,713

5,172

683

-22,026

20,990

-25,169

Operating lease and other liabilities

-195,782

-18,803

2,354

2,354

-4,828

-4,828

2,206

2,436

1,109

721

-539

-2,668

-2,790

-1,424

Net cash provided by operating activities

99,641

322,672

350,768

350,768

242,628

242,628

131,697

94,764

188,930

225,730

162,797

169,947

163,155

129,490

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures

88,502

82,286

94,958

94,958

99,694

99,694

115,498

96,420

108,200

121,433

91,820

58,868

56,912

88,225

Proceeds from divestiture of business, net

45,034

17,755

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of certain distribution facility assets

-

-

-

-

-

-

-

-

-

-

-

-

-

9,588

Acquisition of business, net of cash

-

-

457

457

-

-

-

1,491,393

94,906

-

-

97,786

-

-

Purchases of available-for-sale investments

-

-

-

-

-

-

-

-

-

-

-

-

-

17,121

Proceeds from sales of available-for-sale investments

-

-

-

-

-

-

-

-

-

-

-

-

19,410

59,921

Proceeds from sales of property and equipment

311

-

5,480

5,480

617

617

2,617

160

4,127

33

59

76

797

811

Purchase of non-controlling interest

-

-

-

-

-

-

-

6,651

-

-

-

-

-

-

Net cash used in investing activities

-43,157

-64,531

-89,935

-89,935

-99,077

-99,077

-112,881

-1,587,653

-198,979

-123,475

-91,761

-156,578

-36,705

-35,026

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from previous term loan

-

-

-

-

-

-

-

-

100,000

-

-

-

-

-

Payments on previous term loan

-

-

-

-

-

-

-

97,500

2,500

-

-

-

-

-

Payments on original term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

31,880

Payments on original term loan

-

993,420

53,379

-

-

42,451

-

-

-

-

-

46,738

-

-

Proceeds from new term loan

-

895,500

-

-

-

-

-

-

-

-

-

-

-

-

Investment in trademarks, tradenames and other assets

-

-

-

-

-

-

-

-

-

2,075

-

-

-

-

Proceeds from new term loan

-

-

-

-

-

-

-

1,089,000

-

-

-

-

-

-

Payments on new term loan

9,370

9,000

-

53,379

42,451

-

8,000

2,750

-

-

-

-

-

-

Proceeds from asset-based revolving credit facility

1,333,000

655,500

276,300

276,300

609,537

609,537

180,500

348,000

-

-

-

-

-

150,600

Payments on asset-based revolving credit facility

1,331,500

607,000

276,300

276,300

609,537

609,537

180,500

348,000

-

-

-

-

25,000

130,975

Proceeds from issuance of senior notes

-

-

-

-

-

-

-

600,000

-

-

-

-

-

-

Repurchase and retirement of senior notes

54,425

199,365

145,371

145,371

21,924

21,924

-

-

-

-

-

-

-

-

Deferred financing costs

-

6,713

2,580

2,580

-

-

3,566

51,080

1,776

-

-

1,577

-

-

Cash dividends paid

28,071

36,946

35,761

35,761

35,240

35,240

34,980

34,785

35,549

37,084

25,098

19,111

14,722

14,600

Proceeds from issuance of common stock

1,561

6,649

1,903

1,903

2,189

2,189

2,974

8,082

10,739

8,457

8,354

3,900

4,106

2,853

Tax payments related to vested deferred stock units

1,216

7,901

1,687

1,687

1,362

1,362

4,538

6,940

3,865

4,421

2,955

2,748

1,634

1,399

Excess tax benefits from share-based plans

-

-

-

-

11

11

1,584

3,766

2,145

2,997

1,903

1,107

392

138

Repurchases of common stock

10,000

-

-

-

-

-

277

251

152,129

41,296

63,988

144

90

156

Net cash used in financing activities

-100,021

-302,696

-236,875

-236,875

-98,777

-98,777

-46,803

1,500,891

-82,935

-71,347

-81,784

-65,311

-36,948

-25,419

Effect of exchange rate changes

2,526

-3,621

8,760

-

-

-3,865

-

-

-

-

-

-

-

-

(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-41,011

-48,176

32,718

-

-

40,909

-

-

-

-

-

-

-

-

Effect of exchange rate changes

-

-

-

8,760

-3,865

-

-4,294

-4,993

-3,827

-151

-317

2,295

9,104

-21,079

DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

32,718

40,909

-

-32,281

3,009

-96,811

30,757

-11,065

-49,647

98,606

47,966

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for:
Interest

65,669

77,571

106,372

106,372

96,408

96,408

96,994

44,765

2,338

1,154

1,047

1,144

1,108

4,189

Income taxes, net

38,031

11,431

39,537

39,537

-39,682

-39,682

21,857

33,815

52,591

60,437

23,127

59,261

4,337

-

Increase in capital in excess of par due to purchase of non-controlling interest

-

-

-

-

-

-

-

7,249

-

-

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

48,862

Additional capital in excess of par resulting from tax benefit related to share-based plans

-

-

-

-

-

-

-

-

-

-

1,883

882

-297

-751

Treasury stock contributed to employee stock plan

-

-

-

-

-

-

-

-

-

-

-

9

-

1,000

Unpaid capital expenditure purchases
Unpaid capital expenditure purchases

2,800

11,700

2,900

2,900

12,200

12,200

12,800

15,000

10,000

14,000

12,700

6,300

-

-