Speedway motorsports inc (TRK)
CashFlow / TTM
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

37,992

51,323

40,449

166,905

151,260

147,860

148,245

34,853

39,308

36,749

39,545

35,936

27,868

-29,103

-34,363

-43,939

-34,542

24,881

31,147

94,488

91,787

-3,223

-6,458

-52,537

-53,864

40,897

42,119

37,373

50,151

-5,072

-6,444

0

0

0

Loss (income) from discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

326

1,611

1,375

1,129

883

0

0

0

Cash (used) provided by activities of discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

326

-389

-469

-637

1,267

0

0

0

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

1,559

1,541

1,525

1,517

1,523

1,530

1,540

1,545

1,544

1,534

1,520

1,519

1,528

1,541

1,676

1,969

2,106

2,022

2,014

1,839

1,826

2,180

2,386

2,528

2,634

2,601

2,525

2,477

2,493

2,461

2,499

0

0

0

Gain on disposals of property and equipment and other assets

-48

2,320

2,286

2,896

3,410

1,409

944

381

961

923

1,412

895

-805

-1,129

-653

-370

348

1,416

2,205

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early debt redemption and refinancing, non-cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Interest expense accretion of debt discount and premium, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-297

-479

-662

-672

-646

-614

-370

5

566

1,124

1,477

1,702

1,742

1,783

1,822

1,860

0

0

0

Depreciation and amortization

55,654

54,940

54,506

59,503

60,085

60,416

64,831

58,219

58,401

58,502

54,368

55,907

62,195

62,000

61,964

82,989

76,225

78,209

78,426

0

0

0

-

-

-

55,324

55,499

55,757

55,440

54,670

54,004

0

0

0

Amortization of deferred income

1,961

1,200

798

820

837

890

905

912

921

933

944

1,387

1,681

2,475

2,458

2,449

2,241

2,342

2,345

3,402

4,228

5,073

5,895

5,676

5,779

5,801

5,772

5,044

4,399

3,467

2,692

0

0

0

Deferred income tax provision

-1,779

-1,367

-124

-120,468

-123,577

-126,812

-127,722

-8,621

2,785

18,840

19,543

26,533

24,674

-9,782

-12,516

-27,474

-26,240

11,787

15,201

-18,515

-27,456

-50,147

-52,201

1,564

5,260

23,360

24,119

14,410

26,501

29,073

27,248

0

0

0

Share-based compensation

3,398

3,425

3,483

3,426

3,413

3,404

3,366

3,378

3,362

3,347

3,405

3,423

3,440

3,454

3,383

3,139

2,952

2,767

2,610

2,573

2,453

2,338

2,224

2,132

2,047

1,964

1,936

1,895

1,911

1,925

1,885

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

947

14,086

-11,053

9,604

-10,542

-25,250

-881

-2,430

-1,496

10,938

-10,256

-1,723

-2,574

-4,554

5,314

3,072

-5,632

-9,073

741

5,338

-844

1,351

-797

915

-2,307

-194

-3,066

-9,508

8,198

909

-1,802

0

0

0

Prepaid, refundable and accrued income taxes

-11,564

6,581

1,365

-3,499

-4,312

4,798

4,597

14,355

16,422

-165

1,543

-1,747

792

-318

-214

1,370

2,026

640

585

-8,655

-14,179

-3,836

-2,766

4,718

10,168

7,761

6,850

5,830

5,481

-2,069

-1,544

0

0

0

Inventories

1,230

1,623

735

1,160

631

-437

-929

-885

-2,546

-1,189

-499

-408

1,534

-325

361

-163

-453

594

-255

-313

31

-779

-189

1,540

-296

403

164

-1,876

-624

-727

-752

0

0

0

Prepaid expenses and other current assets

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses

-

-

-

-

-

-

-

0

0

-686

-

-441

-175

-385

-19

100

-263

821

287

-112

-109

-767

-144

-2,129

231

348

-31

2,266

-387

-306

-331

0

0

0

Accounts payable

1,765

3,635

-382

2,377

-538

-684

-1,256

-17,574

-1,587

-488

101

17,396

-498

-3,041

1,735

-3,610

283

-1,469

-1,433

2,180

-3,658

-1,847

-294

-3,700

-4,100

755

-1,322

5,522

6,134

3,344

2,413

0

0

0

Deferred race event and other income

-5,526

-14,206

-14,430

-10,222

3,096

-2,856

-4,261

-4,481

-23,979

-24,882

-14,891

-6,285

7,872

4,561

3,405

-565

2,495

4,954

-2,843

-3,338

-4,246

-7,130

2,545

-2,147

-4,857

-11,617

-4,685

708

-12,852

538

-5,618

0

0

0

Accrued interest

-3

-8

-12

-7

-4

2

-4

-5

-7

-6

20

20

-127

-138

-2,764

-1,101

-2,620

-962

11

-6

-417

-8,009

813

-6,905

1,215

1,091

-29

-11

-23

-29

2,395

0

0

0

Accrued expenses and other liabilities

-482

-567

-1,984

-1,195

-1,995

-738

-326

-2,796

-3,072

-4,514

-2,316

-1,687

1,083

819

1,817

2,104

1,520

1,997

3,224

3,407

2,543

1,106

1,595

416

-141

258

-1,419

1,814

1,096

202

1,771

0

0

0

Deferred income

3,090

3,092

109

106

168

202

217

237

175

171

138

243

-272

974

1,042

954

1,535

162

331

489

450

593

393

-371

-346

290

733

4,350

5,072

4,478

4,113

0

0

0

Other assets and liabilities

500

310

463

784

759

618

519

153

174

241

281

402

385

449

132

-1,248

-1,303

-1,410

-1,388

158

106

184

276

-318

27

-217

-73

321

30

955

4,223

0

0

0

Net Cash Provided By Operating Activities

79,137

91,808

90,409

83,597

89,853

97,767

90,560

84,168

98,573

80,019

113,520

131,267

128,641

133,453

116,440

110,567

129,191

129,636

124,666

118,773

98,866

75,337

93,411

103,265

103,037

114,875

122,117

119,664

127,086

131,192

134,282

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

251,383

0

0

0

-

-

-

-

355,000

0

0

0

-

-

-

-

330,000

0

0

0

Principal payments on long-term debt

7,167

27,167

30,162

32,162

33,162

36,162

36,157

33,157

48,157

55,157

54,177

62,552

61,052

83,302

331,500

471,500

473,375

451,500

211,500

81,875

82,250

327,625

413,000

398,000

405,500

144,250

53,000

61,750

48,000

58,000

388,000

0

0

0

Payments of debt refinancing and issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,975

0

0

0

-

-

-

-

5,899

0

0

0

-

-

-

-

6,707

0

0

0

Exercise of common stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

879

816

679

369

131

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividend payments on common stock

24,581

24,598

24,624

24,642

24,662

24,677

24,694

24,711

24,729

24,751

24,759

24,783

24,804

24,823

24,807

24,821

24,836

24,853

24,860

24,867

24,870

24,869

24,875

24,879

24,882

24,888

24,883

22,817

20,754

18,691

16,623

0

0

0

Repurchases of common stock

4,286

5,136

5,343

5,682

5,870

5,908

6,118

6,148

5,995

6,010

5,837

5,738

5,909

6,213

6,497

6,351

5,964

5,055

4,167

3,587

3,244

3,266

3,081

2,784

2,697

2,727

2,574

2,936

3,286

3,595

3,877

0

0

0

Net Cash Used By Financing Activities

-35,773

-56,901

-60,129

-62,327

-63,053

-66,106

-66,328

-63,352

-78,699

-85,736

-84,591

-92,931

-90,255

-112,707

-114,517

-106,051

-108,922

-86,276

-92,004

-110,217

-110,334

-105,819

-91,696

-76,468

-83,802

-72,499

-80,457

-87,349

-67,411

-75,949

-85,207

0

0

0

Cash Flows from Investing Activities:
Payments for capital expenditures

27,430

27,973

34,147

28,733

29,674

29,905

25,668

23,155

21,544

23,334

34,635

43,767

45,793

42,999

30,733

22,795

20,914

20,722

22,036

21,808

21,137

16,791

12,036

12,305

14,339

20,774

26,787

29,380

44,037

51,686

59,321

0

0

0

Proceeds from sales of property and equipment

-69

-2,435

-2,394

-2,015

-3,521

-3,586

-3,620

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for other non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

30

0

0

0

-

-

-

-

Proceeds from sales of property and equipment and insurance recovery

-

-

-

-

-

-

-

-

-

-

-

137

98

-355

136

364

371

477

1,263

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of note receivable

181

178

176

175

172

170

448

529

527

525

243

258

642

640

638

1,104

716

804

814

560

559

694

684

710

701

517

531

1,757

3,076

3,077

3,103

0

0

0

Net Cash Used By Investing Activities

-27,180

-25,360

-31,577

-26,543

-25,981

-26,149

-21,600

-17,377

-16,268

-20,024

-31,650

-43,372

-45,053

-42,517

-29,959

-21,327

-19,827

-19,638

-19,959

-19,775

-19,085

-14,660

-11,192

-8,026

-10,003

-16,701

-22,715

-27,040

-38,909

-46,313

-53,907

0

0

0

Net Increase in Cash and Cash Equivalents

16,184

9,547

-1,297

-5,273

819

5,512

2,632

3,439

3,606

-25,741

-2,721

-5,036

-6,667

-21,771

-28,036

-16,811

442

23,722

12,703

-11,219

-30,553

-45,142

-9,477

18,771

9,232

25,675

18,945

5,275

20,766

8,930

-4,832

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

11,732

11,876

11,995

12,168

12,396

12,562

12,773

12,922

10,541

13,219

13,322

13,534

16,470

14,434

19,982

20,188

23,550

23,391

21,760

22,247

23,259

34,838

31,426

43,695

39,970

41,049

41,610

41,860

41,717

41,608

40,019

0

0

0

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

-2,034

-2,208

-1,259

4,455

-742

-83

-224

-307

-1,604

246

1,284

37

1,891

3,094

-930

1,430

2,267

-47

2,115

0

0

0

-

-

-

-

-1,591

1,144

-3,971

-2,453

2,890

0

0

0

Increase in deferred income for exchange of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110

0

0

0

-

-

-

-

-

-

-

-