| Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|
Cash Flows from Operating Activities: | |||||||||
Net income | |||||||||
40,449 | 148,245 | 39,545 | -34,363 | 31,147 | -6,458 | 42,119 | -6,444 | 44,481 | -10,303 |
Loss (income) from discontinued operation | |||||||||
- | - | - | - | 5,710 | -246 | 326 | 883 | -782 | -4,145 |
Cash (used) provided by activities of discontinued operation | |||||||||
- | - | - | - | -5,710 | -246 | 326 | 1,267 | -3,845 | -1,513 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||
Deferred loan cost amortization | |||||||||
1,525 | 1,540 | 1,520 | 1,676 | 2,014 | 2,386 | 2,525 | 2,499 | 3,584 | 3,101 |
Impairment of goodwill | |||||||||
- | 1,117 | - | 98,868 | 0 | 89,037 | - | 48,609 | - | 7,273 |
Loss on early debt redemption and refinancing, non-cash | |||||||||
- | - | - | - | - | -18,467 | - | -2,816 | - | - |
Gain on disposals of property and equipment and other assets | |||||||||
2,286 | 944 | 1,412 | -653 | 2,205 | -62 | 3,145 | -155 | 2,304 | -131 |
Interest expense accretion of debt discount and premium, net | |||||||||
- | - | - | - | -672 | 5 | 1,702 | 1,860 | 1,527 | 1,120 |
Depreciation and amortization | |||||||||
54,506 | 64,831 | 54,368 | 61,964 | 78,426 | 54,725 | 55,499 | 54,004 | 52,762 | 52,654 |
Amortization of deferred income | |||||||||
798 | 905 | 944 | 2,458 | 2,345 | 5,895 | 5,772 | 2,692 | 1,534 | 1,680 |
Deferred income tax provision | |||||||||
-124 | -127,722 | 19,543 | -12,516 | 15,201 | -52,201 | 24,119 | 27,248 | 24,168 | 29,826 |
Equity investee losses | |||||||||
- | - | - | - | - | - | - | - | - | -76,657 |
Share-based compensation | |||||||||
3,483 | 3,366 | 3,405 | 3,383 | 2,610 | 2,224 | 1,936 | 1,885 | 1,979 | 1,585 |
Changes in operating assets and liabilities: | |||||||||
Accounts receivable | |||||||||
-11,053 | -881 | -10,256 | 5,314 | 741 | -797 | -3,066 | -1,802 | 1,770 | -2,174 |
Prepaid, refundable and accrued income taxes | |||||||||
1,365 | 4,597 | 1,543 | -214 | 585 | -2,766 | 6,850 | -1,544 | 3,902 | 1,968 |
Inventories | |||||||||
735 | -929 | -499 | 361 | -255 | -189 | 164 | -752 | -1,842 | -2,737 |
Prepaid expenses and other current assets | |||||||||
867 | -774 | -2,426 | - | - | - | - | - | - | - |
Prepaid expenses | |||||||||
- | - | - | -19 | 287 | -144 | -31 | -331 | 356 | 91 |
Accounts payable | |||||||||
-382 | -1,256 | 101 | 1,735 | -1,433 | -294 | -1,322 | 2,413 | -1,789 | -1,733 |
Deferred race event and other income | |||||||||
-14,430 | -4,261 | -14,891 | 3,405 | -2,843 | 2,545 | -4,685 | -5,618 | -11,482 | -26,826 |
Accrued interest | |||||||||
-12 | -4 | 20 | -2,764 | 11 | 813 | -29 | 2,395 | -71 | 1,576 |
Accrued expenses and other liabilities | |||||||||
-1,984 | -326 | -2,316 | 1,817 | 3,224 | 1,595 | -1,419 | 1,771 | -1,716 | -2,059 |
Deferred income | |||||||||
109 | 217 | 138 | 1,042 | 331 | 393 | 733 | 4,113 | 389 | 312 |
Other assets and liabilities | |||||||||
463 | 519 | 281 | 132 | -1,388 | 276 | -73 | 4,223 | 3,935 | 3,251 |
Net Cash Provided By Operating Activities | |||||||||
90,409 | 90,560 | 113,520 | 116,440 | 124,666 | 93,411 | 122,117 | 134,282 | 106,614 | 137,803 |
Cash Flows from Financing Activities: | |||||||||
Borrowings under long-term debt | |||||||||
- | - | - | 251,383 | 150,000 | 355,000 | - | 330,000 | - | 296,271 |
Principal payments on long-term debt | |||||||||
30,162 | 36,157 | 54,177 | 331,500 | 211,500 | 413,000 | 53,000 | 388,000 | 51,505 | 311,509 |
Payments of debt refinancing and issuance costs | |||||||||
- | - | - | 3,975 | 1,608 | 5,899 | - | 6,707 | 88 | 11,007 |
Exercise of common stock options | |||||||||
- | 641 | 182 | 879 | 131 | 159 | - | - | - | - |
Dividend payments on common stock | |||||||||
24,624 | 24,694 | 24,759 | 24,807 | 24,860 | 24,875 | 24,883 | 16,623 | 16,774 | 15,352 |
Repurchases of common stock | |||||||||
5,343 | 6,118 | 5,837 | 6,497 | 4,167 | 3,081 | 2,574 | 3,877 | 11,429 | 12,792 |
Net Cash Used By Financing Activities | |||||||||
-60,129 | -66,328 | -84,591 | -114,517 | -92,004 | -91,696 | -80,457 | -85,207 | -79,796 | -54,389 |
Cash Flows from Investing Activities: | |||||||||
Payments for capital expenditures | |||||||||
34,147 | 25,668 | 34,635 | 30,733 | 22,036 | 12,036 | 26,787 | 59,321 | 37,218 | 42,551 |
Proceeds from sales of property and equipment | |||||||||
-2,394 | -3,620 | -2,742 | - | - | - | - | - | - | - |
Payment for other non-current assets | |||||||||
- | - | - | - | - | - | 30 | - | -1,500 | 1,570 |
Proceeds from sales of property and equipment and insurance recovery | |||||||||
- | - | - | 136 | 1,263 | 160 | 3,571 | 1,336 | 2,755 | 98 |
Distributions of short-term investments | |||||||||
- | - | - | - | - | - | - | 975 | - | 4,503 |
Repayment of note receivable | |||||||||
176 | 448 | 243 | 638 | 814 | 684 | 531 | 3,103 | 694 | 1,079 |
Net Cash Used By Investing Activities | |||||||||
-31,577 | -21,600 | -31,650 | -29,959 | -19,959 | -11,192 | -22,715 | -53,907 | -32,269 | -38,441 |
Net Increase in Cash and Cash Equivalents | |||||||||
-1,297 | 2,632 | -2,721 | -28,036 | 12,703 | -9,477 | 18,945 | -4,832 | -5,451 | 44,973 |
Change in cash collected for and payable to third party, cash not provided or used by operating activities (Note 2) | |||||||||
- | - | - | - | - | 412 | 95 | - | - | - |
Supplemental Cash Flow Information: | |||||||||
Cash paid for interest, net of amounts capitalized | |||||||||
11,995 | 12,773 | 13,322 | 19,982 | 21,760 | 31,426 | 41,610 | 40,019 | 52,584 | 45,239 |
Cash paid for income taxes | |||||||||
11,750 | 18,957 | 867 | 1,015 | 557 | 14,302 | 2,856 | 2,475 | 1,616 | 11,856 |
Supplemental Non-Cash Investing and Financing Activities Information: | |||||||||
Increase in accounts payable for capital expenditures | |||||||||
-1,259 | -224 | 1,284 | -930 | 2,115 | -486 | -1,591 | 2,890 | 4,443 | -6,145 |
Increase in deferred income for exchange of property and equipment | |||||||||
- | - | - | 250 | 250 | 110 | 1,247 | 5,960 | - | - |
Net liabilities assumed for Kentucky Speedway acquisition | |||||||||
- | - | - | - | - | - | - | - | 6,313 | - |