Zoe's kitchen, inc. (ZOES)

CashFlow / TTM
Sep'18Jun'18Apr'18Dec'17Sep'17Jun'17Apr'17Dec'16Sep'16Jun'16Apr'16Dec'15Sep'15Jun'15Apr'15Dec'14Sep'14Apr'14Apr'13
Net Income (Loss)

-29,175

-24,981

-5,629

-1,991

367

-196

426

1,803

3,156

2,909

1,828

1,124

1,514

0

-7,934

-10,017

0

0

0

Cash flows from operating activities:
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation

20,623

20,421

19,692

18,404

17,388

16,382

15,513

14,453

13,275

12,873

12,168

11,368

11,221

0

10,547

8,900

0

0

0

Amortization of intangible assets

1,142

1,236

1,348

1,479

1,533

1,572

1,595

1,606

1,655

1,624

1,626

1,638

1,532

0

1,664

1,573

0

0

0

Equity-based compensation

3,461

3,316

3,355

3,103

2,837

2,617

2,310

2,125

1,788

1,808

1,589

1,191

971

0

6,606

6,332

0

0

0

Deferred income taxes

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

0

0

Amortization of loan costs

64

53

43

29

23

23

23

23

17

22

22

20

-45

0

22

77

0

0

0

Bad debt expense

21

23

27

28

47

37

53

60

87

77

51

48

10

0

17

11

0

0

0

Loss from disposal of equipment

-596

-612

-1,249

-1,350

-1,066

-1,025

-377

-355

-507

-515

-515

-325

-228

0

-142

-144

0

0

0

Accretion of deemed landlord financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-978

0

0

0

Accretion of deemed landlord financing

261

272

280

288

294

285

290

308

372

344

314

284

0

0

0

-

-

0

-

Changes in operating assets and liabilities:
Trade accounts receivable

2,226

1,123

405

889

712

943

451

1,494

74

158

287

223

392

0

350

106

0

0

0

Other accounts receivable

-2,231

-2,554

-1,496

-1,478

-109

490

490

2,404

2,192

1,616

757

141

-675

0

-71

-23

0

0

0

Inventories

301

527

630

605

530

480

292

218

376

389

394

378

391

0

398

347

0

0

0

Prepaid expenses and other

496

676

146

211

878

519

1,353

342

201

1,371

857

471

2,037

0

837

555

0

0

0

Accounts payable

537

-118

110

1,293

1,236

1,328

1,179

697

1,548

914

89

641

2,117

0

3,693

1,279

0

0

0

Accrued expenses and other

2,016

-312

646

569

881

777

151

250

579

1,475

3,990

3,124

1,802

0

1,572

3,235

0

0

0

Deferred rent

6,385

7,391

8,510

8,144

7,551

7,143

7,213

8,089

7,875

7,405

7,011

6,608

0

0

0

-

-

0

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Unearned franchise fee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by operating activities

18,802

23,386

28,477

31,123

29,477

28,185

27,216

26,064

25,283

27,502

28,105

26,253

28,288

0

22,945

17,753

0

0

0

Cash flows from investing activities:
Purchase of property and equipment

28,622

36,955

46,603

49,222

52,399

51,280

48,493

45,845

40,904

41,000

37,561

38,403

35,294

0

33,993

31,102

0

0

0

Acquisition purchase price, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,136

0

0

0

Proceeds from sale-leaseback transaction

-

-

-

-

-

-

-

4,663

2,089

2,089

2,089

0

0

0

0

-

-

-

-

Proceeds from sale of property and equipment

74

31

18

0

-1

62

63

75

75

63

71

108

196

0

188

158

0

0

0

Net cash used in investing activities

-28,548

-34,633

-44,294

-46,931

-47,535

-48,644

-45,856

-41,107

-46,731

-38,848

-35,401

-38,295

-35,098

0

-42,941

-40,080

0

0

0

Cash flows from financing activities:
Proceeds from line of credit

20,500

21,000

29,000

25,000

0

0

0

-

-

-

-

-

-

-

-

7,900

0

0

0

Payments on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,300

0

0

0

Proceeds from issuance of common stock, net of underwriter fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

96,314

0

0

0

Payment of costs associated with initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,538

0

0

0

Proceeds from deemed landlord financing

-21

144

315

426

632

534

454

323

922

417

-32

508

-174

0

563

603

0

0

0

Proceeds from exercise of stock options

98

98

11

0

0

32

602

1,082

175

1,174

1,544

1,372

0

0

0

-

-

0

-

Payments of loan acquisition fees

336

336

336

335

0

0

0

-

-

-

-

97

0

0

0

-

-

0

-

Net cash provided by financing activities

7,741

8,406

16,490

12,591

13,132

10,566

1,056

1,405

1,419

1,591

1,512

1,783

-6,168

0

45,052

50,568

0

0

0

Net change in cash and cash equivalents

-2,005

-2,841

673

-3,217

-4,926

-9,893

-17,584

-13,638

-20,029

-9,755

-5,784

-10,259

-12,978

0

25,056

28,241

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest related to long-term debt

522

405

306

162

0

0

0

-

-

-

-

-

-

-

-

812

0

0

0

Cash paid for interest related to deemed landlord financing

4,700

4,659

4,483

4,476

4,372

4,245

4,199

3,866

3,702

3,576

3,429

3,292

3,303

0

3,309

2,750

0

0

0

Non-cash deemed landlord financing

-800

-1,600

-1,900

2,750

980

3,730

4,630

730

-1,100

-300

1,850

4,400

4,800

0

2,850

2,550

0

0

0

Change in accrued purchases of property and equipment

-1,480

-3,689

-2,869

-209

-3,517

355

611

1,057

898

1,113

2,359

-555

142

0

-1,591

-691

0

0

0

Non-cash costs associated with initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0