WORLD WRESTLING ENTERTAINMENT, INC WWE Cash Flow

World wrestling entertainment, inc (WWE)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
OPERATING ACTIVITIES:
Net income (loss)
77,061	99,588	32,640	33,841	24,144	-30,072	2,764	31,432	24,832	53,452	50,303
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of television production assets
29,990	29,568	21,137	26,933	30,591	25,867	7,012	0	-	-	-
Amortization and impairments of feature film production assets
5,718	8,822	17,377	6,662	3,891	-	-	8,799	39,742	13,000	3,916
Depreciation and amortization
39,552	31,767	32,030	29,396	26,630	29,007	24,469	20,024	14,980	11,707	14,424
Other amortization
13,905	6,142	6,759	2,403	2,135	1,941	2,495	2,884	-	-	-
Loss on equity investments
-3,309	882	-	-	-	3,962	0	0	-	-	-
Loss on abandonment
-	-	-	-	7,125	-	-	-	-	-	-
Services provided in exchange for equity instruments
-2,759	-2,767	-2,720	-2,893	-2,430	-	-	-	0	-	-
Realized gains on sale of investments
-	-	-	-	-	-	-	-	-	53	1,022
Amortization of bond premium
-	-	-	-	-	-	-	-	-2,580	-1,827	-952
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	205	0	0
Stock-based compensation
29,396	39,304	24,151	18,099	17,232	7,544	5,525	3,845	2,868	7,579	7,389
Gain on Revaluation of Warrants
-	-	-	-	-	-	-	-	-	-610	-1,050
Provision for (recovery from) doubtful accounts
-	-	-	-	-	1,164	-6	2,483	-692	774	8,558
Loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-1,376	0	0
Benefit from deferred income taxes
9,921	-1,058	13,572	12,153	-9,674	-25,479	1,422	6,183	-6,424	-2,410	672
Other non-cash adjustments
-10,948	-2,024	-1,003	-1,463	-116	-494	-1,049	-441	-126	-	-
Excess tax benefits from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	2,758	133
Cash (used in)/provided by changes in operating assets and liabilities:
Accounts receivable
41,486	3,527	12,507	-5,459	19,147	-17,908	8,972	-4,560	1,915	-9,908	11,158
Inventory
499	-579	1,801	364	1,432	1,861	1,103	112	-429	-95	-2,776
Prepaid expenses and other assets
-2,642	7,973	-131	15,474	3,480	9,259	2,113	2,796	-4,632	14,645	-18,864
Content production assets
7,937	1,204	12,540	6,629	3,812	15,968	9,128	-8,905	-7,097	-32,535	-9,942
Television production assets
26,412	30,478	15,921	28,025	36,175	20,927	11,453	-6,080	-251	0	-
Accounts payable, accrued expenses and other liabilities
-31,954	26,750	8,112	-1,041	12,689	4,424	-6,668	2,507	-3,692	-17,601	-
Deferred income
10,297	-9,936	-14,835	-16,892	4,238	61,415	1,500	-1,332	-8,261	12,074	14,729
Accounts payable
-	-	-	-	-	-	-	-	-	-	2,948
Accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	12,081
Net cash provided by operating activities
121,692	186,719	96,588	62,165	52,409	54,687	23,753	63,051	63,186	39,804	116,407
INVESTING ACTIVITIES:
Purchases of property and equipment and other assets
69,086	32,275	24,710	29,904	20,010	11,901	25,032	33,890	27,956	12,314	5,525
Purchases of short-term investments
124,282	94,910	142,373	-	21,624	35,440	37,071	19,177	47,904	96,751	54,593
Proceeds from sales and maturities of short-term investments
157,487	61,428	35,660	8,065	24,125	42,237	44,318	45,191	45,148	64,553	53,687
Purchase of investment securities
1,366	1,330	2,316	2,250	1,210	2,204	2,200	5,000	0	0	-
Other
-1,438	-1,000	-	-	-	-	-	-	-	-	-
Purchase of corporate aircraft and related improvements
-	-	-	-	-	-	30,898	0	0	-	-
Proceeds from sale of corporate aircraft
-	-	-	-	-	3,167	-	-	-	-	-
Net proceeds from infrastructure improvement incentives
-	-	-	-	-	2,937	-	-	-	4,130	0
Proceeds from sales of property and equipment
-	-	-	-	-	-	39	0	0	-	-
Net cash provided by (used in) investing activities
-35,809	-66,087	-133,739	-24,089	-18,719	-1,204	-50,844	-12,876	-30,712	-40,382	-6,431
FINANCING ACTIVITIES:
Repayment of long-term debt
5,103	4,782	7,504	14,441	4,345	4,080	1,396	1,621	1,169	1,082	1,002
Repayment of finance leases
8,352	-	-	-	-	-	-	-	-	-	-
Dividends paid
37,431	37,243	36,854	36,564	36,345	36,150	35,979	35,815	47,809	83,643	82,269
Debt issuance costs
708	-	-	702	850	758	675	0	1,843	0	0
Proceeds from borrowings under the credit facilities
-	-	1,383	11,583	-	-	-	-	-	-	-
Proceeds from borrowings on convertible notes, net of issuance costs
-	-	14,534	193,899	-	-	-	-	-	-	-
Proceeds from issuance of warrants
-	-	1,460	19,460	-	-	-	-	-	-	-
Purchase of convertible note hedge
-	-	2,558	34,100	-	-	-	-	-	-	-
Taxes paid related to net settlement upon vesting of equity awards
30,183	50,798	9,164	5,544	2,855	-	-	-	-	-	-
Proceeds from issuance of stock
2,325	1,948	1,578	1,397	1,066	970	704	811	893	1,022	951
Repurchase and retirement of common stock
83,441	-	-	-	-	-	-	-	-	-	-
Proceeds from Stock Options Exercised
-	-	-	-	-	-	-	-	-	1,562	2,340
Excess tax benefits from stock-based payment arrangements
-	-	-	893	431	487	268	7	122	2,758	133
Proceeds from the issuance of note payable
-	-	-	-	-	364	31,032	0	0	-	-
Net cash used in financing activities
-162,893	-90,875	-37,125	135,881	-42,898	-39,167	-6,046	-36,618	-49,806	-79,383	-79,847
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-77,010	29,757	-74,276	173,957	-9,208	14,316	-33,137	13,557	-17,332	-79,961	30,129
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for income taxes, net of refunds
7,386	10,107	14,590	12,475	21,698	2,060	2,288	12,383	12,058	31,047	10,870
Cash paid for interest
10,706	8,899	9,312	1,580	1,395	1,376	984	815	410	261	341
NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Purchases of property and equipment recorded in accounts payable and accrued expenses (See Note 12)
4,997	13,464	2,334	2,940	1,096	1,452	1,700	1,415	5,302	0	0
Mortgage assumption (See Note 12)
-	-	-	23,000	-	-	-	-	-	-	-
Purchase of investment securities (See Note 4)
-	-	-	-	13,800	-	-	-	-	-	-