Tile shop holdings, inc. (TTS)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'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'12
Cash Flows From Operating Activities
Net income

-2,281

-4,463

-1,297

2,639

7,751

10,442

4,171

4,056

6,821

10,819

18,443

20,588

19,714

18,463

21,976

21,154

18,795

15,696

13,416

11,158

10,497

10,547

10,464

13,011

12,766

-35,660

-72,895

-108,809

-101,737

-46,887

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation & amortization

33,797

33,546

31,724

30,618

29,360

28,396

28,024

27,625

26,903

26,239

25,483

24,450

23,807

23,042

22,593

22,327

22,158

22,236

22,220

21,792

21,163

19,925

18,464

17,031

15,653

14,316

13,141

12,248

11,363

10,530

0

0

0

Amortization of debt issuance costs

595

595

595

716

738

756

772

680

684

691

597

524

504

487

486

452

349

308

292

277

278

210

0

0

0

-

-

-

-

19

0

0

0

Loss on disposals of property, plant and equipment

-

-399

-367

-94

-364

-353

-81

-402

-206

-210

-232

-213

-452

-447

-451

-480

-201

-143

-283

-547

-554

-633

-487

-174

-147

-101

-93

-82

-68

-23

0

0

0

Impairment charges

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-3,526

-2,838

-2,414

-2,382

-6,708

-5,510

-4,329

-2,785

-10,895

-10,334

-8,089

-7,364

8,117

8,070

6,737

6,977

5,378

4,088

3,252

2,999

0

0

0

Change in fair value of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,219

13,863

-27,844

-133,908

-82,063

0

0

0

Stock based compensation

2,472

2,645

2,888

2,963

2,791

2,669

2,347

2,601

2,931

3,156

3,698

3,639

3,946

4,333

4,713

5,367

5,469

5,545

4,933

4,633

4,525

4,617

5,199

5,042

4,985

4,680

4,509

3,645

2,473

1,381

0

0

0

Deferred income taxes

2,771

-1,621

3,204

3,695

4,067

4,429

7,680

8,233

8,940

9,737

2,012

1,699

545

-395

5,854

8,337

7,027

5,743

0

0

0

-

-

-

-

3,788

2,722

-2,197

-2,831

-2,550

0

0

0

Changes in operating assets and liabilities:
Receivables

-1,733

286

888

1,745

3,057

703

1,060

193

-88

-33

103

171

605

448

312

592

104

254

352

257

758

514

481

467

224

189

318

411

164

270

0

0

0

Inventories

-24,509

-12,475

-6,230

6,231

22,487

24,836

35,384

33,140

19,038

10,964

4,547

4,154

5,043

4,417

3,183

-1,458

1,336

1,021

221

5,009

929

1,101

-8,888

897

12,891

20,866

28,335

14,031

4,286

280

0

0

0

Prepaid expenses and other assets

-845

184

-11

1,483

1,445

2,410

2,378

2,197

2,201

-4,159

1,383

1,809

1,836

5,849

56

-177

387

1,387

0

0

0

-

-

-

-

-

-

-

-

4,693

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Deferred taxes and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable

-15,704

-4,503

-4,958

-9,721

6,313

-8,201

77

15,079

8,376

12,048

6,279

2,066

2,485

4,195

2,941

-586

1,386

945

2,308

7,367

3,032

-5,174

-10,192

-13,427

-7,783

2,013

2,464

1,356

-1,363

1,121

0

0

0

Income tax receivable / payable

6,349

-357

653

188

-1,551

-2,229

476

2,260

6,912

4,159

1,892

1,510

881

1,917

3,253

3,281

-1,225

-5,304

-6,776

-9,652

-6,007

-4,591

1,098

-648

5,695

6,999

0

0

0

-

-

-

-

Income tax receivable/ payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accrued expenses and other liabilities

-820

1,503

-269

-3,542

-545

2,008

3,494

5,849

4,451

-11,234

-116

-754

631

13,229

4,955

4,690

4,037

4,027

2,226

3,626

3,664

1,238

8,223

1,547

1,262

2,681

60

2,457

4,994

2,398

0

0

0

Other, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

41,776

38,563

36,061

20,853

27,991

18,170

12,057

30,139

35,495

45,691

52,229

47,619

46,133

53,552

59,561

62,235

61,611

60,264

60,469

59,880

58,120

47,201

46,290

32,626

18,158

21,211

18,716

29,231

45,646

47,222

0

0

0

Cash Flows From Investing Activities
Proceeds from cash surrender value of life insurance policy

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

687

0

0

0

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment

15,447

27,000

35,233

39,961

42,639

35,287

35,418

33,705

35,439

40,556

35,642

35,553

30,844

27,256

26,443

23,100

20,794

18,994

19,036

23,392

33,731

41,229

50,881

56,458

53,799

52,869

49,243

38,760

33,728

29,053

0

0

0

Proceeds from insurance

-

610

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-15,447

-26,390

-33,492

-38,222

-40,885

-34,143

-35,398

-33,683

-35,432

-40,549

-35,638

-35,549

-30,840

-27,252

-26,452

-23,109

-20,794

-18,994

-19,239

-23,595

-33,675

-40,552

-50,078

-55,655

-53,264

-52,955

-48,254

-38,771

-33,739

-29,064

0

0

0

Cash Flows From Financing Activities
Payments of long-term debt and financing lease obligations

114,310

53,204

51,185

103,731

104,417

103,267

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Release of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-766

0

0

0

-

-

-

-

-

-

-

-

Payments of long-term debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

50,362

46,167

39,063

37,822

116,495

121,902

115,696

124,025

46,616

41,305

40,788

26,412

-15,566

-13,081

6,640

3,714

39,663

32,371

8,586

2,628

0

0

0

Advances on line of credit

101,600

63,000

68,000

137,095

129,095

129,095

119,095

45,000

35,000

35,000

0

0

0

-

-

-

-

88,000

15,250

15,250

21,000

23,000

0

0

0

-

-

-

-

-

-

-

-

Dividends paid

-

7,706

10,310

10,416

10,410

10,404

10,402

10,398

10,385

10,366

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to members of Tile Shop LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,306

0

0

0

Repurchase of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,108

0

0

0

-

0

0

0

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82,413

85,815

86,414

45,822

4,001

0

0

0

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

1,639

1,857

619

875

842

815

582

275

276

81

49

40

35

0

0

0

-

-

-

-

-

-

-

-

Employee taxes paid for shares withheld

253

256

0

0

0

-

-

-

-

318

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Security deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

28

41

25

29

-76

-79

-43

-40

0

0

0

-

-

-

0

-

-

-

0

Net cash used in financing activities

-28,519

-8,622

-4,243

11,894

13,693

14,931

21,032

1,435

-11,281

-10,620

-13,366

-12,815

-12,684

-23,866

-37,902

-38,529

-33,362

-36,688

-32,255

-26,983

-19,773

-2,651

5,612

22,745

23,630

30,518

27,428

-3,567

-11,502

-21,454

0

0

0

Effect of exchange rate changes on cash

-55

-14

-70

-39

-25

-52

-35

-10

4

6

5

-20

-32

-35

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

-2,245

3,537

-1,744

-5,514

774

-1,094

-2,344

-2,119

-11,214

-5,472

3,230

-765

2,577

2,399

-4,809

578

7,446

4,571

8,970

9,303

4,672

3,998

1,824

-284

-11,476

-1,226

-2,110

-13,107

405

-3,296

0

0

0

Supplemental disclosure of cash flow information
Reclassification of warrants from liability to equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Increase in other assets for exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Purchases of property, plant and equipment included in accounts payable and accrued expenses

-1,365

98

3,065

3,711

3,557

3,974

-2,070

-283

-336

636

6,390

3,852

4,086

2,271

344

1,474

1,483

898

524

-877

-1,287

849

0

0

0

-

0

0

0

-

0

0

0

Cash paid for interest

3,634

3,735

3,632

3,329

3,001

2,625

2,215

2,010

1,899

1,822

1,781

1,628

1,619

1,811

1,865

2,004

2,589

2,692

3,167

3,526

3,112

3,146

0

0

0

-

-

-

-

-

-

-

-

Cash paid for income taxes, net

0

-

-

-

-

1,507

268

1,972

7,648

7,603

9,756

12,047

13,511

15,162

11,987

11,565

5,797

22

2,961

-1,345

-4,419

2,792

0

0

0

-

-

-

-

-

-

-

-