Tailored brands, inc. (TLRD)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Oct'18Aug'18Jul'18May'18Apr'18Feb'18Jan'18Oct'17Jul'17Apr'17Jan'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) earnings

-34,094

-89,590

34,266

7,142

6,218

-

13,875

49,238

49,238

13,909

13,909

-

-499

36,892

58,471

1,839

-

-30,089

28,433

24,975

1,637

-1,057,713

-27,154

47,779

10,369

-35,922

7,001

12,368

16,458

-30,195

38,478

42,978

32,956

-3,156

49,069

59,570

26,580

-3,898

39,902

57,270

27,192

-14,194

25,348

42,962

13,562

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

27,780

25,584

27,115

26,695

26,128

-

25,369

-

26,040

26,679

26,679

-

27,564

25,522

26,981

26,426

-

27,367

27,563

29,969

30,306

34,167

32,949

33,307

31,906

32,037

30,844

27,849

21,929

23,077

22,222

22,095

21,355

23,181

20,023

21,094

20,681

19,396

18,767

19,153

18,652

18,788

20,325

18,195

18,690

Operating lease right-of-use asset amortization

-

-

-

49,969

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental product amortization

4,561

10,692

10,699

8,348

4,380

-

10,965

-

10,999

8,756

8,756

-

5,242

11,574

13,327

7,878

-

6,189

12,806

14,872

8,304

4,096

10,501

12,391

7,604

4,386

10,077

12,464

7,497

3,554

9,708

11,676

7,328

2,985

7,374

11,968

5,988

2,935

8,847

11,530

5,546

1,753

10,920

13,834

6,978

Loss (gain) on extinguishment of debt, net

-

-

-

-

0

-9,400

-9,420

-

-8,122

-12,711

-12,711

-

-1,090

2,539

3,281

715

-

-

-

-

-

0

0

0

-12,675

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

447

459

486

486

486

-

708

-

895

1,333

1,333

-

1,675

1,730

1,812

1,849

-

1,853

1,852

1,882

1,916

2,764

1,666

1,689

1,796

2,871

1,893

981

140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of discount on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

258

340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposition of assets

-

-

-

-

3,778

-

-831

-

-4,150

-3,618

-3,618

-

170

-26

56

-1,437

-

-5,780

-567

-40

-9

-4,381

1,719

-462

-424

-81

-10,606

-284

-1,357

-1,150

1,993

-589

-412

-105

-419

-353

-1,081

-615

-1,497

-578

-88

-14

0

10

-219

Asset impairment charges

2,215

1,001

0

184

496

-

235

-

0

269

269

-

680

0

0

2,867

-

15,065

429

2,702

1,162

-

-

-

-

0

0

0

302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

359

-

457

851

830

Share-based compensation

1,049

2,811

2,644

2,398

3,215

-

2,139

-

4,835

4,581

4,581

-

5,786

6,755

3,360

4,735

-

3,478

5,219

4,621

4,118

2,225

4,185

3,954

4,475

4,259

4,218

4,062

3,974

4,402

3,649

4,571

4,498

4,343

3,850

4,205

4,117

3,632

3,666

3,530

2,970

3,105

3,064

3,086

2,637

Excess tax benefits from share-based plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

480

10

113

981

30

49

685

3,002

613

418

915

199

260

698

79

1,960

311

206

695

691

155

172

17

763

Deferred tax benefit

-11,921

-4,368

1,229

1,599

-5,053

-

-716

-

-2,988

748

748

-

-5,520

-1

27

-269

-

-10,755

-15,123

-1,649

3,539

-123,733

-48,467

-20,511

7,870

12,656

-16,643

-4,794

-4,326

1,987

5,586

-9,756

4,455

-1,497

1,937

-3,690

8,430

16,773

10,577

-5,019

7,097

10,459

-5,906

-2,207

6,389

Other

13

-67

49

85

-123

148

-

174

-

73

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent expense and other

-

-

-

-

-

-

148

-

174

-

73

-

516

113

99

210

-

-444

-644

-933

296

925

642

1,383

1,116

-1,319

-1,740

-1,099

-75

-553

-408

-750

-1,173

-970

151

65

-276

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-2,083

4,874

-13,456

7,504

-7,925

-

16,122

-

-21,332

10,871

10,871

-

-3,752

8,360

-12,600

17,432

-

-7,680

-9,682

4,000

18,955

-1,049

-3,179

-13,566

9,629

-8,279

-4,475

15,319

3,586

-18,175

9,321

-7,509

1,846

-18,580

12,021

1,845

11,161

-8,340

1,660

-5,835

8,900

-3,862

21,445

-5,550

7,813

Inventories

-81,359

32,609

-22,393

44,900

-45,257

-

91,925

-

-54,072

11,886

11,886

-

-128,221

29,270

-43,532

27,831

-

-94,540

30,610

-42,693

44,916

-27,405

104,597

-26,465

44,162

-131,863

95,760

19,494

43,195

-40,002

31,388

4,246

43,710

-65,304

44,447

-25,228

30,059

-41,898

72,491

28,867

27,266

-23,306

23,047

-17,579

1,034

Rental product

4,715

4,348

8,619

12,831

1,552

-

2,563

-

-2,275

14,377

14,377

-

3,028

-1,967

3,688

4,833

-

3,962

1,865

12,823

23,129

20,162

9,739

15,761

20,204

-9,598

-4,395

-10,697

-12,495

-5,476

-7,877

-12,437

-24,787

-11,615

-8,877

-16,632

-18,157

-17,035

-6,621

-5,334

-10,204

-4,742

-5,216

-4,036

-5,240

Other assets

3,211

1,183

15,352

269

1,175

-

-19,932

-

17,496

-8,124

-8,124

-

22,588

-520

-12,224

-3,888

-

13,506

-20,331

1,460

-65,973

15,025

1,701

-14,035

6,124

33,383

-11,761

10,573

-12,945

14,130

-1,449

1,324

-7,666

8,555

-3,910

4,383

2,433

4,590

-623

-3,072

-7,983

11,667

-2,223

-2,449

478

Accounts payable, accrued expenses and other current liabilities

-26,249

17,852

-61,800

30,872

-27,218

-

74,421

-

-86,252

82,755

82,755

-

-35,237

52,838

-61,387

32,943

-

-40,316

25,098

-46,658

17,246

-6,825

52,460

-73,909

51,227

-72,734

64,276

-52,999

65,288

-8,373

19,826

-38,320

61,381

-31,304

32,028

-51,956

60,335

-27,535

18,570

-44,268

58,584

-17,605

23,275

-23,107

36,592

Income taxes payable

-6,511

550

-5,761

-28

-320

-

9,616

-

4,998

-4,301

-4,301

-

-15,220

14,906

3,435

1,529

-

-

-

-

-

-

-

-

-

-10,590

12,534

-2,356

6,547

-7,852

6,627

-1,782

294

1,662

4,015

-60

-445

-25,353

3,602

24,252

-1,818

-9,755

3,131

5,281

-20,683

Operating lease and other liabilities

-47,038

-47,356

-50,936

-50,452

-13,781

-

-498

-

-2,631

-1,893

-1,893

-

4,466

-664

-278

-1,170

-

-39

-2,135

-1,583

-1,071

1,264

-15

674

283

842

2,167

-478

-95

729

1,292

-602

-310

-2,062

1,454

-718

2,047

30

-422

411

-558

-2,471

-27

442

-612

Net cash provided by operating activities

34,079

32,239

21,529

11,794

44,855

-

79,826

-

77,763

120,228

120,228

-

98,230

112,009

107,178

33,351

-

65,744

76,580

53,869

46,435

19,461

17,322

45,929

48,985

35,747

45,138

-55,934

69,813

29,547

58,141

30,576

70,666

59,221

58,077

43,112

65,320

15,251

25,530

42,982

79,034

4,065

35,594

81,014

49,274

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures

25,094

24,316

17,401

21,691

35,359

-

22,282

-

13,665

10,980

10,980

-

39,002

21,983

16,187

17,786

-

19,144

24,638

25,587

30,325

29,092

29,642

26,380

30,384

24,023

31,560

18,294

22,543

26,679

29,260

27,134

25,127

31,348

21,239

38,182

30,664

24,860

28,702

23,974

14,284

15,033

17,970

14,766

11,099

Proceeds from divestiture of business, net

-

-

-

-

0

-

0

-

23

17,732

17,732

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

457

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

3,323

0

2,145

12

-

12

0

104

501

-

-

-

-

-

-

-

-

0

3,936

153

38

8

11

6

8

0

8

29

22

-

-

-

-

Net cash used in investing activities

-24,783

20,718

-17,401

-21,691

-35,359

-

-22,282

-

-13,642

6,752

6,752

-

-35,679

-21,983

-14,042

-18,231

-

-19,132

-24,638

-25,483

-29,824

-29,088

-27,029

-26,380

-30,384

-24,023

-31,400

-1,509,687

-22,543

-25,892

-121,017

-26,981

-25,089

-33,415

-21,228

-38,176

-30,656

-24,860

-28,694

-23,945

-14,262

-15,033

-115,703

-14,743

-11,099

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on previous term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

95,000

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on original term loan

-

-

-

-

0

-

0

-

0

993,420

993,420

43,500

-

1,750

6,379

1,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from new term loan

-

-

-

-

0

-

0

-

0

895,500

895,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on new term loan

0

2,250

2,250

4,870

2,250

-

2,250

-

2,250

2,250

2,250

-

-

-

-

-

1,750

-

1,750

37,201

1,750

1,750

1,750

0

4,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from asset-based revolving credit facility

268,000

391,500

274,000

399,500

190,000

-

266,000

-

198,000

1,500

1,500

-

40,400

54,350

43,900

137,650

-

88,987

215,001

101,535

204,014

175,000

0

2,500

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on asset-based revolving credit facility

285,500

369,000

277,500

399,500

200,000

-

312,000

-

93,500

1,500

1,500

-

40,400

54,350

43,900

137,650

-

88,987

215,001

101,535

204,014

175,000

0

2,500

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase and retirement of senior notes

-

-

-

-

0

-

0

-

181,125

18,240

18,240

-

38,640

61,564

38,566

6,601

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

0

-

1,069

-

68

5,576

5,576

-

-

-

-

-

-

-

-

-

-

0

0

0

3,566

8

134

49,549

1,389

0

0

5

1,771

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

133

9,154

9,194

9,590

9,113

-

9,089

-

9,126

9,618

9,618

-

8,866

8,862

8,902

9,131

-

8,802

8,762

8,755

8,921

8,711

8,708

8,698

8,863

8,666

8,659

8,648

8,812

8,570

8,629

9,087

9,263

9,252

9,219

9,256

9,357

6,218

6,209

6,262

6,409

4,793

4,783

4,779

4,756

Proceeds from issuance of common stock

341

341

452

427

500

-

2,036

-

464

3,649

3,649

-

569

407

460

467

-

738

519

498

434

520

493

1,053

908

967

948

1,794

4,373

2,448

2,882

4,050

1,359

1,539

2,979

706

3,233

2,359

1,443

3,013

1,539

1,397

1,182

538

783

Tax payments related to vested deferred stock units

98

66

112

940

391

-

1,009

-

1,476

5,025

5,025

-

5

38

12

1,632

-

104

0

11

1,247

0

32

0

4,506

33

38

1,137

5,732

0

0

555

3,310

0

0

404

4,017

0

0

0

2,955

0

92

0

2,656

Excess tax benefits from share-based plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

480

10

113

981

30

49

685

3,002

613

418

915

199

260

698

79

1,960

311

206

695

691

155

172

17

763

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

277

0

0

0

251

0

0

119,120

33,009

0

0

7,430

33,866

0

14,989

0

48,999

0

0

0

144

Net cash used in financing activities

-17,390

-53,054

-14,604

-14,973

-21,254

-

-57,381

-

-89,081

-134,980

-134,980

-

-90,558

-74,271

-53,399

-18,647

-

-9,907

-26,371

-51,015

-11,484

-9,461

-9,987

-7,532

-19,823

-10,460

-14,485

1,537,145

-11,309

-8,009

94,671

-123,802

-45,795

-7,453

-5,542

-16,305

-42,047

-3,548

-19,549

-2,554

-56,133

-51,556

-3,521

-4,224

-6,010

Effect of exchange rate changes

1,321

1,814

203

-812

-1,236

-

47

-

9

-2,441

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-6,773

1,717

-10,273

-25,682

-12,994

-

210

-

-24,951

-10,441

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes

-

-

-

-

-

-

-

-

-

-

-2,441

-

-

-

-

-782

-764

-

-2,053

-2,370

1,322

-4,586

-55

-416

763

-3,719

-1,772

-212

710

-1,158

481

-2,404

-746

-306

310

-948

793

-82

-1,043

161

647

1,052

-27

-109

1,379

DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-10,441

-

-

-

-

-4,309

35,941

-

23,518

-24,999

6,449

-23,674

-19,749

11,601

-459

-2,455

-2,519

-28,688

36,671

-5,512

32,276

-122,611

-964

18,047

31,617

-12,317

-6,590

-13,239

-23,756

16,644

9,286

-61,472

-83,657

61,938

33,544

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: