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Condensed consolidated statements of cash flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 71,466 $ 53,912
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 20,484 17,084
Amortization of deferred financing costs 2,664 973
Amortization of favorable leases 0 186
Amortization of asset retirement obligations 168 0
Amortization of interest rate caps 0 446
Deferred tax expense 8,854 13,300
Loss (gain) on re-measurement of tax benefit arrangement 4,852 (354)
Provision for bad debts (10) (8)
Loss on reacquired franchise rights 0 350
(Gain) loss on disposal of property and equipment (54) 547
Equity-based compensation 2,279 2,687
Changes in operating assets and liabilities, excluding effects of acquisitions:    
Accounts receivable 12,465 22,281
Due to and due from related parties (461) 3,375
Inventory 2,608 (501)
Other assets and other current assets (9,288) (3,109)
National advertising fund (5,096) (1,634)
Accounts payable and accrued expenses (20,831) (16,884)
Other liabilities and other current liabilities 1,777 (2,908)
Income taxes 1,987 131
Payable to related parties pursuant to tax benefit arrangements (17,476) (21,706)
Equipment deposits (532) 2,503
Deferred revenue 6,631 6,229
Leases and deferred rent 17 1,594
Net cash provided by operating activities 82,504 78,494
Cash flows from investing activities:    
Additions to property and equipment (18,925) (8,136)
Acquisition of franchises (14,801) (28,503)
Proceeds from sale of property and equipment 54 134
Net cash used in investing activities (33,672) (36,505)
Cash flows from financing activities:    
Principal payments on capital lease obligations (27) (23)
Repayment of long-term debt (6,000) (3,592)
Proceeds from issuance of Class A common stock 1,520 400
Dividend equivalent payments (138) (138)
Distributions to Continuing LLC Members (3,742) (3,503)
Net cash used in financing activities (8,387) (6,856)
Effects of exchange rate changes on cash and cash equivalents 542 (429)
Net increase in cash, cash equivalents and restricted cash 40,987 34,704
Cash, cash equivalents and restricted cash, beginning of period 320,139 113,080
Cash, cash equivalents and restricted cash, end of period 361,126 147,784
Supplemental cash flow information:    
Net cash paid for income taxes 6,530 2,929
Cash paid for interest 26,923 16,795
Non-cash investing activities:    
Non-cash additions to property and equipment $ 1,896 $ 2,072