Texas Roadhouse, Inc. TXRH Cash Flow

Texas roadhouse, inc. (TXRH)

CashFlow / Yearly

Dec'19	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 including noncontrolling interests
181,518	164,294	137,536	120,573	101,261	90,977	84,087	73,801	66,427	60,689	49,318
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
115,544	101,216	93,499	82,964	69,694	59,179	51,562	46,717	42,709	41,283	41,822
Deferred income taxes
6,335	12,319	-5,069	5,994	411	-480	-947	-2,166	70	1,799	-126
Loss on disposition of assets
-5,885	-6,008	-4,961	-5,125	-5,455	-4,987	-3,794	-2,805	-2,378	-1,766	-1,183
Gain on sale of other concept
-	-	-	-	-	-	1,800	-	-	-	-
Impairment and closure costs
-1,283	105	600	139	974	626	278	1,459	1,127	1,821	2,908
Contribution from executive officer
-	1,000	-	-	-	-	-	-	-	-	-
Equity loss (income) from investments in unconsolidated affiliates
378	1,353	1,488	1,111	1,641	1,602	713	428	366	428	221
Distributions of income received from investments in unconsolidated affiliates
1,837	656	1,424	1,901	502	541	444	429	336	383	322
Provision for doubtful accounts
-22	-9	10	27	-4	6	86	17	183	-43	387
Share-based compensation expense
35,500	33,983	26,934	26,067	22,825	14,883	14,740	13,193	10,525	7,686	7,493
Changes in operating working capital:
Receivables
5,774	15,597	20,379	10,733	11,395	8,634	9,063	4,953	3,139	60	2,777
Inventories
1,414	2,495	48	455	1,377	2,278	1,057	119	1,533	1,193	-136
Prepaid expenses
2,049	3,023	1,211	855	743	277	3,066	146	-159	1,593	-468
Other assets
12,823	4,290	7,401	4,229	2,276	1,231	4,720	2,773	3,497	1,058	2,755
Accounts payable
407	8,882	1,601	138	7,611	5,366	5,712	1,736	3,785	-1,018	-4,293
Deferred revenue-gift cards
16,991	35,519	26,678	28,284	21,812	16,660	9,555	8,842	4,893	4,722	2,178
Accrued wages
5,540	4,481	3,639	-10,194	5,858	1,381	3,964	1,329	2,651	864	4,686
Excess tax benefits from share-based compensation
-	-	-	3,291	4,540	2,885	4,887	3,605	2,255	3,159	1,774
Prepaid income taxes and income taxes payable
5,554	-8,581	3,448	2,300	2,994	5,128	7,931	806	2,055	-3,212	11,962
Accrued taxes and licenses
5,802	2,634	2,299	919	1,187	158	4,088	872	63	3,739	15
Other accrued liabilities
-3,773	7,569	5,148	3,326	1,991	4,905	5,891	3,842	5,262	1,715	-287
Operating lease right-of-use assets and lease liabilities
5,826	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-5,938	-6,038	-4,610	-4,529	-3,222	-3,453	-3,035	-2,676	-2,368	-2,169
Other liabilities
15,075	3,612	8,154	5,566	2,813	1,081	4,504	3,353	1,910	2,985	2,315
Net cash provided by operating activities
374,298	352,868	286,373	257,065	227,941	191,713	173,836	148,046	136,419	120,056	115,129
Cash flows from investing activities:
Capital expenditures-property and equipment
214,340	155,980	161,628	164,738	173,475	125,445	111,478	86,985	79,663	45,051	45,516
Acquisition of franchise restaurants, net of cash acquired
1,536	2,165	16,528	-	-	-	-	4,297	-	-	-25
Investment in unconsolidated affiliates
-	-	-	-	-	-	1,180	-	-	35	34
Proceeds from sale of other concept, net
-	-	-	-	-	-	1,387	-	-	-	-
Proceeds from sale leaseback transaction
1,056	-	-	-	272	1,205	23	1,128	188	235	2,357
Net cash used in investing activities
-214,820	-158,145	-178,156	-164,738	-173,203	-124,240	-111,248	-90,154	-79,475	-44,816	-43,134
Proceeds from revolving credit facility
-	-	-	25,000	-25,000	-	-	-	-	-	-
Debt issuance costs
-	-	476	-	-	-	-	-	-	-	-
Proceeds from noncontrolling interest contribution
-	2,551	3,457	-	-	764	-	1,285	-	-	-
Payment of debt assumed, net of cash acquired, in acquisition of noncontrolling interest
-	-	-	-	-	1,050	-	-	-	-	-
Distributions to noncontrolling interest holders
6,357	5,746	5,171	4,479	3,911	3,856	3,116	2,712	2,270	2,212	2,068
Acquisition of noncontrolling interest
743	122	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	3,291	4,540	2,885	4,887	3,605	2,255	3,159	1,774
Proceeds from restricted stock and other deposits, net
62	418	740	419	1,422	1,083	593	172	494	399	131
Indirect repurchase of shares for minimum tax withholdings
12,471	14,067	11,639	9,312	8,572	6,843	6,958	3,733	3,482	2,828	1,484
Principal payments on long-term debt and finance lease obligation
-	50,000	558	145	128	411	369	303	275	246	284
Proceeds from exercise of stock options
-	-	1,558	2,673	4,696	5,280	15,141	10,670	5,016	11,028	2,832
Proceeds from financing lease obligation
-	-	-	-	3,000	-	-	-	-	-	-
(Repayments of) proceeds from revolving credit facility
-	-	-	-	-	-	-	10,000	-10,000	49,000	31,000
Repurchase of shares of common stock
139,800	-	-	4,110	11,397	42,744	12,761	29,421	59,147	-	-
Dividends paid to shareholders
102,366	68,550	58,154	52,054	46,176	31,333	46,877	24,486	17,012	-	-
Net cash provided by (used in) financing activities
-261,724	-135,516	-70,243	-38,717	-81,526	-76,225	-49,460	-54,923	-64,421	-39,735	-30,395
Net increase in cash and cash equivalents
-102,246	59,207	37,974	53,610	-26,788	-8,752	13,128	2,969	-7,477	35,505	41,600
Supplemental disclosures of cash flow information:
Interest paid, net of amounts capitalized
738	896	1,216	1,011	2,321	2,374	2,400	2,478	2,368	2,628	3,315
Income taxes paid (refunded)
20,440	20,519	50,201	42,890	39,581	34,342	27,156	36,096	24,641	29,095	11,657
Capital expenditures included in current liabilities
15,416	7,332	12,156	2,781	3,726	1,115	1,383	1,065	3,171	-	-
Obligation under capital lease
-	-	-	2,000	-	-	-	-	-	-	-
Stock acquisition on noncontrolling interest in franchise restaurant
-	-	-	-	-	1,284	-	-	-	-	-