Speedway motorsports inc (TRK)
CashFlow / Quarterly
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash Flows from Operating Activities:
Net income

17,375

8,554

-12,793

24,856

30,706

-2,320

113,663

9,211

27,306

-1,935

271

13,666

24,747

861

-3,338

5,598

-32,224

-4,399

-12,914

14,995

27,199

1,867

50,427

12,294

-67,811

-1,368

4,348

10,967

26,950

-146

-398

23,745

-28,273

-1,518

Loss (income) from discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

209

78

67

-28

1,494

-158

-179

-274

Cash (used) provided by activities of discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

443

-78

-11

-28

-272

-158

-179

1,876

Adjustments to reconcile net income to net cash provided by operating activities:
Deferred loan cost amortization

393

393

393

380

375

377

385

386

382

387

390

385

372

373

389

394

385

508

682

531

301

500

507

518

655

706

649

624

622

630

601

640

590

668

Gain on disposals of property and equipment and other assets

-4

22

26

-92

2,364

-12

636

422

363

-477

73

1,002

325

12

-444

-698

1

488

-161

20

1,069

1,277

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early debt redemption and refinancing, non-cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,475

-23

-7,433

Interest expense accretion of debt discount and premium, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

17

-149

-176

-171

-166

-159

-150

-139

78

216

411

419

431

441

451

460

470

479

Depreciation and amortization

13,852

13,524

15,026

13,252

13,138

13,090

20,023

13,834

13,469

17,505

13,411

14,016

13,570

13,371

14,950

20,304

13,375

13,335

35,975

13,540

15,359

13,552

-

-

-

13,741

13,251

14,239

14,093

13,916

13,509

13,922

13,323

13,250

Amortization of deferred income

1,049

569

183

160

288

167

205

177

341

182

212

186

353

193

655

480

1,147

176

646

272

1,248

179

1,703

1,098

2,093

1,001

1,484

1,201

2,115

972

756

556

1,183

197

Deferred income tax provision

-1,428

-621

-1,113

1,383

-1,016

622

-121,457

-1,726

-4,251

-288

-2,356

9,680

11,804

415

4,634

7,821

-22,652

-2,319

-10,324

9,055

15,375

1,095

-44,040

114

-7,316

-959

9,725

3,810

10,784

-200

16

15,901

13,356

-2,025

Share-based compensation

838

789

890

881

865

847

833

868

856

809

845

852

841

867

863

869

855

796

619

682

670

639

582

562

555

525

490

477

472

497

449

493

486

457

Changes in operating assets and liabilities:
Accounts receivable

-17,689

37,369

-26,440

7,707

-4,550

12,230

-5,783

-12,439

-19,258

36,599

-7,332

-11,505

-6,824

15,405

1,201

-12,356

-8,804

25,273

-1,041

-21,060

-12,245

35,087

3,556

-27,242

-10,050

32,939

5,268

-30,464

-7,937

30,067

-1,174

-12,758

-15,226

27,356

Prepaid, refundable and accrued income taxes

-8,951

3,659

-2,111

-4,161

9,194

-1,557

-6,975

-4,974

18,304

-1,758

2,783

-2,907

1,717

-50

-507

-368

607

54

1,077

288

-779

-1

-8,163

-5,236

9,564

1,069

-679

214

7,157

158

-1,699

-135

-393

683

Inventories

135

1,717

-671

49

528

829

-246

-480

-540

337

-202

-2,141

817

1,027

-111

-199

-1,042

1,713

-635

-489

5

864

-693

-145

-805

1,454

1,036

-1,981

-106

1,215

-1,004

-729

-209

1,190

Prepaid expenses and other current assets

-5,595

10,076

-

-

-8,930

13,901

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

-1,188

141

-115

-

-1,234

-518

236

1,075

-968

-728

602

1,194

-1,331

356

68

795

-1,328

-302

691

-1,190

1,032

-185

312

1,107

-1,621

-104

287

Accounts payable

657

4,681

-7,777

4,204

2,527

664

-5,018

1,289

2,381

92

-21,336

17,276

3,480

681

-4,041

-618

937

5,457

-9,386

3,275

-815

5,493

-5,773

-2,563

996

7,046

-9,179

-2,963

5,851

4,969

-2,335

-2,351

3,061

4,038

Deferred race event and other income

-2,990

26,403

2,137

-31,076

-11,670

26,179

6,345

-17,758

-17,622

24,774

6,125

-37,256

-18,525

34,765

14,731

-23,099

-21,836

33,609

10,761

-20,039

-19,377

25,812

10,266

-20,947

-22,261

35,487

5,574

-23,657

-29,021

42,419

10,967

-37,217

-15,631

36,263

Accrued interest

2,568

-2,583

2,568

-2,556

2,563

-2,587

2,573

-2,553

2,569

-2,593

2,572

-2,555

2,570

-2,567

2,572

-2,702

2,559

-5,193

4,235

-4,221

4,217

-4,220

4,218

-4,632

-3,375

4,602

-3,500

3,488

-3,499

3,482

-3,482

3,476

-3,505

5,906

Accrued expenses and other liabilities

5,268

-7,166

-3,625

5,041

5,183

-8,583

-2,836

4,241

6,440

-8,171

-5,306

3,965

4,998

-5,973

-4,677

6,735

4,734

-4,975

-4,390

6,151

5,211

-3,748

-4,207

5,287

3,774

-3,259

-5,386

4,730

4,173

-4,936

-2,153

4,012

3,279

-3,367

Deferred income

37

3,017

31

5

39

34

28

67

73

49

48

5

69

16

153

-510

1,315

84

65

71

-58

253

223

32

85

53

-541

57

721

496

3,076

779

127

131

Other assets and liabilities

289

61

43

107

99

214

364

82

-42

115

-2

103

25

155

119

86

89

-162

-1,261

31

-18

-140

285

-21

60

-48

-309

324

-184

96

85

33

741

3,364

Net Cash Provided By Operating Activities

49,434

836

18,812

10,055

62,105

-563

12,000

16,311

70,019

-7,770

5,608

30,716

51,465

25,731

23,355

28,090

56,277

8,718

17,482

46,714

56,722

3,748

11,589

26,807

33,193

21,822

21,443

26,579

45,031

29,064

18,990

34,001

49,137

32,154

Cash Flows from Financing Activities:
Borrowings under long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,383

0

250,000

-

-

-

-

0

0

250,000

105,000

-

-

-

-

0

0

0

330,000

Principal payments on long-term debt

0

167

3,000

4,000

20,000

3,162

5,000

5,000

23,000

3,157

2,000

20,000

30,000

2,177

10,375

18,500

52,250

250,375

150,375

20,375

30,375

10,375

20,750

20,750

275,750

95,750

5,750

28,250

14,500

4,500

14,500

14,500

24,500

334,500

Payments of debt refinancing and issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

152

189

3,629

-

-

-

-

7

113

145

5,634

-

-

-

-

-154

-4,475

292

11,044

Exercise of common stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147

137

310

285

84

0

0

47

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payments on common stock

6,125

6,198

6,125

6,133

6,142

6,224

6,143

6,153

6,157

6,241

6,160

6,171

6,179

6,249

6,184

6,192

6,198

6,233

6,198

6,207

6,215

6,240

6,205

6,210

6,214

6,246

6,209

6,213

6,220

6,241

4,143

4,150

4,157

4,173

Repurchases of common stock

258

1,482

1,431

1,115

1,108

1,689

1,770

1,303

1,146

1,899

1,800

1,150

1,161

1,726

1,701

1,321

1,465

2,010

1,555

934

556

1,122

975

591

578

937

678

504

608

784

1,040

854

917

1,066

Net Cash Used By Financing Activities

-6,122

-7,847

-10,556

-11,248

-27,250

-11,075

-12,754

-11,974

-30,303

-11,297

-9,778

-27,321

-37,340

-10,152

-18,118

-24,645

-59,792

-11,962

-9,652

-27,516

-37,146

-17,690

-27,865

-27,633

-32,631

-3,567

-12,637

-34,967

-21,328

-11,525

-19,529

-15,029

-29,866

-20,783

Cash Flows from Investing Activities:
Payments for capital expenditures

7,238

5,117

9,122

5,953

7,781

11,291

3,708

6,894

8,012

7,054

1,195

5,283

9,802

18,355

10,327

7,309

7,008

6,089

2,389

5,428

6,816

7,403

2,161

4,757

2,470

2,648

2,430

6,791

8,905

8,661

5,023

21,448

16,554

16,296

Proceeds from sales of property and equipment

0

-50

-972

953

-2,366

-9

-593

-553

-2,431

-43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for other non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

197

-

-

-

-

-

-

-

-

0

0

15

15

-

-

-

-

Proceeds from sales of property and equipment and insurance recovery

-

-

-

-

-

-

-

-

-

-

-

53

467

0

-383

14

14

491

-155

21

120

1,277

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of note receivable

47

45

44

45

44

43

43

42

42

321

124

40

40

39

139

424

38

37

605

36

126

47

351

35

261

37

377

26

77

51

1,603

1,345

78

77

Net Cash Used By Investing Activities

-7,191

-5,022

-8,106

-6,861

-5,371

-11,239

-3,072

-6,299

-5,539

-6,690

1,151

-5,190

-9,295

-18,316

-10,571

-6,871

-6,759

-5,758

-1,939

-5,371

-6,570

-6,079

-1,755

-4,681

-2,145

-2,611

1,411

-6,658

-8,843

-8,625

-2,914

-18,527

-16,247

-16,219

Net Increase in Cash and Cash Equivalents

36,121

-12,033

150

-8,054

29,484

-22,877

-3,826

-1,962

34,177

-25,757

-3,019

-1,795

4,830

-2,737

-5,334

-3,426

-10,274

-9,002

5,891

13,827

13,006

-20,021

-18,031

-5,507

-1,583

15,644

10,217

-15,046

14,860

8,914

-3,453

445

3,024

-4,848

Change in cash collected for and payable to third party, cash not provided or used by operating activities (Note 2)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,813

513

-

-5,108

5,260

-224

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Cash Flow Information:
Cash paid for interest, net of amounts capitalized

359

5,516

380

5,477

503

5,635

553

5,705

669

5,846

702

3,324

3,347

5,949

914

6,260

1,311

11,497

1,120

9,622

1,152

9,866

1,607

10,634

12,731

6,454

13,876

6,909

13,810

7,015

14,126

6,766

13,701

5,426

Supplemental Non-Cash Investing and Financing Activities Information:
Increase in accounts payable for capital expenditures

-1,540

1,694

-5,412

3,224

-1,714

2,643

302

-1,973

-1,055

2,502

219

-3,270

795

3,540

-1,028

-1,416

1,998

-484

1,332

-579

-316

1,678

-

-

-

-

-1,810

-3,089

2,134

1,174

925

-8,204

3,652

6,517

Increase in deferred income for exchange of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

-194

524

-280

-

-

-

-

-

-

-

-