Texas Roadhouse, Inc. TXRH Cash Flow

Texas roadhouse, inc. (TXRH)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income including noncontrolling interests
146,477	181,518	168,600	160,833	160,108	164,294	162,611	164,676	157,892	137,536	129,434	123,913	119,595	120,573	122,685	117,276	104,681	101,261	96,863	95,191	96,950	90,977	89,514	87,636	84,476	84,087	80,634	81,284	81,267	73,801	71,932	69,854	65,705	66,427	64,252	62,317	61,286	60,689	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
116,825	115,544	110,298	107,794	104,505	101,216	99,755	97,446	95,387	93,499	91,482	88,889	86,021	82,964	79,418	76,320	72,898	69,694	66,491	63,812	61,429	59,179	58,380	55,678	53,435	51,562	48,860	48,226	47,582	46,717	45,706	44,449	43,456	42,709	42,146	41,837	41,546	41,283	0	0	0
Deferred income taxes
7,862	6,335	6,513	5,976	7,876	12,319	2,724	2,320	3,169	-5,069	3,617	5,609	1,352	5,994	5,330	2,221	919	411	-4,358	-2,706	-364	-480	-3,519	-2,568	-942	-947	2,484	1,229	-181	-2,166	-5,766	-5,886	-2,478	70	137	1,359	-81	1,799	0	0	0
Loss on disposition of assets
-5,948	-5,885	-5,807	-5,478	-5,971	-6,008	-5,810	-5,474	-5,326	-4,961	-5,106	-4,768	-4,906	-5,125	-4,926	-5,366	-5,751	-5,455	-5,564	-5,567	-5,312	-4,987	-4,614	-4,046	-3,622	-3,794	-2,734	-3,075	-2,623	-2,805	-3,560	-3,090	-2,846	-2,378	-2,260	-2,107	-2,164	-1,766	0	0	0
Impairment and closure costs
-676	-1,283	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,821	0	0	0
Equity loss (income) from investments in unconsolidated affiliates
-235	378	303	838	1,142	1,353	1,489	1,467	1,492	1,488	1,429	1,074	1,079	1,111	1,184	1,629	1,621	1,641	1,915	1,876	1,762	1,602	1,117	880	745	713	696	664	567	428	398	328	304	366	344	428	423	428	0	0	0
Distributions of income received from investments in unconsolidated affiliates
1,850	1,837	630	635	646	656	1,360	1,421	1,443	1,424	721	1,273	1,927	1,901	1,853	1,189	483	502	531	562	558	541	525	481	466	444	436	457	442	429	411	387	359	336	345	345	369	383	0	0	0
Provision for doubtful accounts
42	-22	-43	-45	-48	-9	7	8	26	10	37	11	55	27	46	75	34	-4	-44	-43	-49	6	10	-11	89	86	88	103	11	17	19	272	225	183	0	0	0	-	-	-	-
Share-based compensation expense
33,615	35,500	34,179	35,000	35,640	33,983	32,928	30,425	28,191	26,934	26,546	26,729	26,497	26,067	25,523	24,313	23,709	22,825	19,595	17,699	16,166	14,883	15,094	15,168	14,849	14,740	14,022	13,840	13,652	13,193	12,128	11,116	10,618	10,525	10,132	9,683	8,816	7,686	0	0	0
Changes in operating working capital:
Receivables
-11,297	5,774	-1,729	6,031	8,565	15,597	9,832	2,865	5,081	20,379	2,977	8,204	1,865	10,733	-872	1,294	-1,777	11,395	7,452	3,396	4,015	8,634	3,952	4,354	5,979	9,063	1,698	2,468	2,449	4,953	1,779	1,673	725	3,139	803	-311	-613	60	0	0	0
Inventories
2,774	1,414	836	856	1,029	2,495	883	1,586	1,597	48	926	826	304	455	594	369	1,750	1,377	1,746	2,290	1,306	2,278	1,043	590	889	1,057	1,381	1,181	556	119	843	1,052	1,263	1,533	1,129	1,287	1,248	1,193	0	0	0
Prepaid expenses
997	2,049	930	2,678	3,072	3,023	2,585	1,321	2,295	1,211	1,151	1,302	-61	855	837	1,052	1,779	743	348	177	530	277	1,499	1,994	1,811	3,066	1,576	1,291	1,605	146	498	226	739	-159	-35	-385	-943	1,593	0	0	0
Other assets
511	12,823	7,005	7,343	6,259	4,290	8,254	7,955	8,103	7,401	6,955	6,360	5,690	4,229	3,760	2,338	1,923	2,276	1,859	2,818	2,979	1,231	2,410	3,582	2,983	4,720	4,108	3,133	2,962	2,773	1,906	1,659	2,948	3,497	3,755	3,639	2,662	1,058	0	0	0
Accounts payable
-24,637	407	2,110	8,644	8,542	8,882	5,681	2,284	1,712	1,601	6,328	4,099	6,205	138	374	1,652	4,083	7,611	6,750	7,429	5,501	5,366	2,537	3,043	3,337	5,712	6,511	6,706	4,482	1,736	-586	-882	2,206	3,785	1,539	3,412	1,129	-1,018	0	0	0
Deferred revenue-gift cards
23,623	16,991	19,157	21,916	23,866	35,519	17,300	18,766	18,562	26,678	15,128	16,613	18,152	28,284	12,819	14,623	15,630	21,812	9,520	10,698	11,603	16,660	7,212	7,774	7,566	9,555	6,896	7,048	7,184	8,842	2,484	2,859	2,887	4,893	1,239	1,403	2,320	4,722	0	0	0
Accrued wages
-11,678	5,540	2,766	3,148	3,101	4,481	3,365	3,622	3,384	3,639	1,818	2,978	2,787	-10,194	-6,265	-8,801	-6,436	5,858	3,479	3,871	2,660	1,381	4,199	3,939	4,589	3,964	1,879	1,655	417	1,329	1,763	2,923	3,677	2,651	2,043	358	571	864	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	3,291	2,985	3,696	3,649	4,540	4,902	4,157	3,872	2,885	4,110	4,554	4,997	4,887	3,459	3,189	4,428	3,605	3,420	4,380	2,314	2,255	2,827	1,453	1,896	3,159	0	0	0
Prepaid income taxes and income taxes payable
-13,060	5,554	5,784	4,551	2,548	-8,581	-5,852	-4,786	-6,290	3,448	2,075	-1,387	4,115	2,300	2,272	7,346	4,294	2,994	8,496	3,370	5,026	5,128	10,102	9,752	9,712	7,931	-3,445	-899	-16	806	7,672	9,417	3,374	2,055	-611	-2,489	4,827	-3,212	0	0	0
Accrued taxes and licenses
-5,421	5,802	2,236	3,018	1,303	2,634	1,352	326	1,965	2,299	3,006	1,851	2,371	919	1,054	1,205	1,228	1,187	1,539	1,750	1,789	158	2,688	2,341	2,613	4,088	1,596	1,296	1,276	872	800	293	73	63	509	1,125	1,469	3,739	0	0	0
Other accrued liabilities
-10,615	-3,773	3,204	19,071	7,995	7,569	4,205	1,512	-7,785	5,148	1,268	3,135	12,771	3,326	5,699	5,863	8,117	1,991	2,021	4,202	3,824	4,905	9,436	11,021	10,188	5,891	-1,839	-3,267	-5,082	3,842	8,184	4,921	10,785	5,262	4,688	5,624	2,972	1,715	0	0	0
Operating lease right-of-use assets and lease liabilities
5,712	5,826	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	-5,938	-6,024	-5,578	-5,508	-6,038	-5,356	-5,232	-5,153	-4,610	-4,536	-4,662	-4,651	-4,529	-4,266	-3,736	-3,357	-3,222	-3,278	-3,495	-3,583	-3,453	-3,324	-3,008	-2,837	-3,035	-3,038	-2,997	-2,964	-2,676	-2,508	-2,514	-2,438	-2,368	0	0	0
Other liabilities
1,474	15,075	9,098	9,732	8,034	3,612	8,055	7,694	8,321	8,154	7,462	6,317	5,312	5,566	3,320	3,280	3,066	2,813	2,799	3,749	3,692	1,081	4,124	2,657	2,197	4,504	2,931	3,811	3,537	3,353	2,776	1,987	2,646	1,910	1,928	3,000	2,729	2,985	0	0	0
Net cash provided by operating activities
284,599	374,298	369,286	374,777	357,476	352,868	323,882	323,172	298,843	286,373	285,353	271,305	286,514	257,065	256,215	247,186	235,137	227,941	205,916	204,799	203,616	191,713	192,457	186,976	180,854	173,836	155,736	157,105	148,923	148,046	146,404	139,606	142,177	136,419	126,763	128,079	129,508	120,056	0	0	0
Cash flows from investing activities:
Capital expenditures-property and equipment
218,968	214,340	189,991	177,044	162,717	155,980	155,497	154,709	160,872	161,628	168,556	169,216	166,622	164,738	161,594	171,701	174,217	173,475	160,900	142,407	135,795	125,445	130,212	130,290	119,610	111,478	94,750	79,597	79,101	86,985	90,970	93,117	90,044	79,663	65,292	56,177	49,687	45,051	0	0	0
Acquisition of franchise restaurants, net of cash acquired
-	-	-	-	-	-	-	-	-	16,528	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale leaseback transaction
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	272	0	0	0	-	-	-	-	23	834	1,026	1,162	1,128	272	219	237	188	231	259	263	235	0	0	0
Net cash used in investing activities
-217,281	-214,820	-191,805	-179,209	-164,882	-158,145	-155,497	-154,709	-160,872	-178,156	-185,084	-185,744	-183,150	-164,738	-161,594	-171,438	-173,954	-173,203	-160,620	-142,386	-134,581	-124,240	-128,746	-128,871	-119,512	-111,248	-98,213	-82,868	-82,236	-90,154	-90,698	-92,898	-89,807	-79,475	-65,061	-55,918	-49,424	-44,816	0	0	0
Proceeds from revolving credit facility
0	-	-	-	-	-	-	-	-	-	-	-	-	25,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from noncontrolling interest contribution
-	-	-	-	-	-	-	-	-	3,457	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,285	0	0	0	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest holders
6,589	6,357	6,150	5,890	5,854	5,746	5,610	5,625	5,654	5,171	4,983	4,740	4,330	4,479	4,257	4,103	3,912	3,911	3,984	3,965	3,884	3,856	3,721	3,496	3,312	3,116	2,988	2,995	2,897	2,712	2,697	2,572	2,422	2,270	2,294	2,274	2,262	2,212	0	0	0
Acquisition of noncontrolling interest
-	743	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	3,291	2,985	3,696	3,649	4,540	4,902	4,157	3,872	2,885	4,110	4,554	4,997	4,887	3,459	3,189	4,428	3,605	3,420	4,380	2,314	2,255	2,827	1,453	1,896	3,159	0	0	0
Proceeds from restricted stock and other deposits, net
93	62	580	526	574	418	316	536	585	740	574	570	451	419	636	858	1,296	1,422	2,534	2,438	1,810	1,083	188	127	401	593	0	0	0	-	-	-	830	494	-874	-575	-140	399	0	0	0
Indirect repurchase of shares for minimum tax withholdings
10,402	12,471	13,181	13,289	13,215	14,067	13,354	13,060	12,903	11,639	11,482	11,601	11,593	9,312	9,075	9,019	8,877	8,572	8,629	7,965	7,623	6,843	7,119	7,529	7,569	6,958	6,219	5,763	5,256	3,733	3,582	3,403	3,431	3,482	0	0	0	-	-	-	-
Principal payments on long-term debt and finance lease obligation
-	-	-	-	-	50,000	50,010	50,481	520	558	594	155	150	145	0	0	0	-	-	-	-	411	451	564	358	369	377	321	312	303	296	288	281	275	267	260	253	246	0	0	0
Principal payments on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of stock option and other deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Settlement of restricted stock units, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	1,558	1,986	2,098	1,907	2,673	2,677	3,871	4,433	4,696	6,265	6,055	5,610	5,280	5,346	6,506	10,417	15,141	13,406	12,872	12,053	10,670	10,790	9,715	7,206	5,016	9,297	8,864	8,993	11,028	0	0	0
(Repayments of) proceeds from revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	0	0	0	-	-	-	-	49,000	0	0	0
Repurchase of shares of common stock
0	-	-	-	-	-	-	-	-	-	-	-	0	4,110	0	0	0	-	-	-	-	42,744	0	0	0	-	-	-	-	-	-	-	-	59,147	0	0	0	-	-	-	-
Dividends paid to shareholders
109,451	102,366	78,559	75,204	71,509	68,550	65,597	62,644	59,681	58,154	56,621	55,085	53,553	52,054	50,585	37,206	47,652	46,176	0	0	0	-	-	-	-	46,877	36,291	34,192	32,086	24,486	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-88,819	-261,724	-229,131	-205,082	-138,316	-135,516	-131,631	-130,618	-77,654	-70,243	-67,546	-64,358	-61,844	-38,717	-85,524	-51,408	-63,703	-81,526	-31,987	-68,909	-61,219	-76,225	-91,748	-80,761	-66,099	-49,460	-58,274	-55,678	-52,736	-54,923	-27,323	-48,565	-52,327	-64,421	-61,306	-52,872	-56,259	-39,735	0	0	0
Net increase in cash and cash equivalents
-21,501	-102,246	-51,650	-9,514	54,278	59,207	36,754	37,845	60,317	37,974	32,723	21,203	41,520	53,610	9,097	24,340	-2,520	-26,788	13,309	-6,496	7,816	-8,752	-28,037	-22,656	-4,757	13,128	-751	18,559	13,951	2,969	28,383	-1,857	43	-7,477	396	19,289	23,825	35,505	0	0	0
Supplemental disclosures of cash flow information:
Interest paid, net of amounts capitalized
760	738	566	778	796	896	836	1,113	1,212	1,216	1,758	1,100	1,026	1,011	778	1,661	1,994	2,321	2,344	2,333	2,367	2,374	2,371	2,406	2,394	2,400	2,407	2,403	2,415	2,478	2,524	2,557	2,598	2,368	2,311	2,318	2,362	2,628	0	0	0
Income taxes paid (refunded)
26,478	20,440	12,970	13,352	14,496	20,519	32,870	39,858	47,170	50,201	44,312	44,130	42,846	42,890	44,308	40,086	38,754	39,581	36,805	40,158	36,975	34,342	32,405	30,285	27,066	27,156	34,503	34,493	36,381	36,096	30,736	26,388	25,685	24,641	26,955	28,035	22,603	29,095	0	0	0
Capital expenditures included in current liabilities
18,472	15,416	14,851	8,331	9,689	7,332	16,101	20,314	14,465	12,156	5,062	5,181	3,539	2,781	2,971	2,430	5,685	3,726	969	1,365	1,186	1,115	3,430	4,317	2,706	1,383	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-