| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
Cash Flows – Operating Activities | ||||||
Net income - including noncontrolling interests | ||||||
743,000 | 736,000 | 424,000 | 510,000 | 328,000 | -37,000 | |
Depreciation and amortization | ||||||
428,000 | 445,000 | 409,000 | 402,000 | 425,000 | 411,000 | |
Amortization of operating lease right-of-use assets | ||||||
339,000 | - | - | - | - | - | |
Closures and impairment expenses | ||||||
36,000 | 41,000 | 47,000 | 78,000 | 64,000 | 517,000 | |
Gain from re-measurement of equity interest upon acquisition | ||||||
- | 98,000 | - | - | - | - | |
Investment loss (gain) | ||||||
63,000 | -27,000 | - | - | - | - | |
Changes in fair value of financial instruments | ||||||
- | - | - | 21,000 | - | - | |
Equity income from investments in unconsolidated affiliates | ||||||
69,000 | 65,000 | 65,000 | 54,000 | 41,000 | 30,000 | |
Distributions of income received from unconsolidated affiliates | ||||||
73,000 | 63,000 | 45,000 | 35,000 | 21,000 | 28,000 | |
Refranchising gain | ||||||
- | - | - | - | 13,000 | 17,000 | |
Deferred income taxes | ||||||
16,000 | 33,000 | 62,000 | -42,000 | 29,000 | -104,000 | |
Excess tax benefit from share-based compensation | ||||||
- | - | - | - | - | 2,000 | |
Share-based compensation expense | ||||||
26,000 | 24,000 | 26,000 | 16,000 | 14,000 | 13,000 | |
Changes in accounts receivable | ||||||
9,000 | 13,000 | -1,000 | 54,000 | 5,000 | 5,000 | |
Changes in inventories | ||||||
77,000 | 23,000 | 11,000 | 96,000 | -61,000 | 21,000 | |
Changes in prepaid expenses and other current assets | ||||||
3,000 | 22,000 | 15,000 | -7,000 | 8,000 | -21,000 | |
Changes in accounts payable and other current liabilities | ||||||
171,000 | 254,000 | -56,000 | 123,000 | 31,000 | 39,000 | |
Changes in income taxes payable | ||||||
-8,000 | 17,000 | 3,000 | 6,000 | -14,000 | -44,000 | |
Changes in non-current operating lease liabilities | ||||||
-381,000 | - | - | - | - | - | |
Other, net | ||||||
-37,000 | -86,000 | 14,000 | -44,000 | 21,000 | 6,000 | |
Net Cash Provided by Operating Activities | ||||||
1,185,000 | 1,333,000 | 884,000 | 866,000 | 913,000 | 775,000 | |
Cash Flows – Investing Activities | ||||||
Capital spending | ||||||
435,000 | 470,000 | 415,000 | 436,000 | 512,000 | 525,000 | |
Purchases of short-term investments | ||||||
1,024,000 | 604,000 | 596,000 | 136,000 | 40,000 | 427,000 | |
Maturities of short-term investments | ||||||
534,000 | 680,000 | 479,000 | 53,000 | 40,000 | 427,000 | |
Proceeds from refranchising of restaurants | ||||||
- | - | - | - | 27,000 | 31,000 | |
Proceeds from disposal of aircraft | ||||||
- | - | - | 19,000 | - | - | |
Acquisition of business, net of cash acquired | ||||||
- | 91,000 | 25,000 | - | - | - | |
Investment in equity securities | ||||||
- | 74,000 | - | - | - | - | |
Other, net | ||||||
-15,000 | -7,000 | - | -29,000 | 8,000 | 18,000 | |
Net Cash Provided by (Used in) Investing Activities | ||||||
-910,000 | -552,000 | -557,000 | -471,000 | -493,000 | -512,000 | |
Cash Flows – Financing Activities | ||||||
Net transfers to Parent | ||||||
- | - | - | 357,000 | 214,000 | 316,000 | |
More than three months proceeds | ||||||
- | - | - | - | - | 2,000 | |
More than three months payments | ||||||
- | - | - | - | - | 2,000 | |
Excess tax benefit from share-based compensation | ||||||
- | - | - | - | - | 2,000 | |
Proceeds from issuance of common stock and warrants | ||||||
- | - | - | 460,000 | - | - | |
Payment of capital lease obligation | ||||||
- | - | - | - | 2,000 | 1,000 | |
Repurchase of shares of common stock | ||||||
265,000 | 307,000 | 128,000 | - | - | - | |
Cash dividends paid on common stock | ||||||
181,000 | 161,000 | 38,000 | - | - | - | |
Dividends paid to noncontrolling interests | ||||||
32,000 | 36,000 | 22,000 | 7,000 | - | - | |
Other, net | ||||||
-2,000 | -14,000 | 3,000 | -3,000 | - | -4,000 | |
Net Cash Used in Financing Activities | ||||||
-480,000 | -518,000 | -185,000 | 93,000 | -216,000 | -319,000 | |
Effect of Exchange Rates on Cash, Cash Equivalents and Restricted Cash | ||||||
-6,000 | -56,000 | 32,000 | -28,000 | -17,000 | -6,000 | |
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | ||||||
-211,000 | 207,000 | 174,000 | 460,000 | 187,000 | -62,000 | |
Supplemental Cash Flow Data | ||||||
Cash paid for income tax | ||||||
255,000 | 208,000 | 232,000 | 182,000 | 143,000 | 186,000 | |