XML 45 R7.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 29, 2019
Sep. 30, 2018
Cash flows provided by operating activities:    
Net income $ 104,831 $ 97,113
Adjustments to reconcile Net income to cash provided by operating activities:    
Depreciation and amortization 147,196 151,473
Amortization of deferred discounts and issuance costs 1,891 1,930
Amortization of deferred gift card sales commissions 18,927 20,151
Provision for impaired assets and restaurant closings 6,917 15,590
Non-cash operating lease costs 54,815 0
Stock-based and other non-cash compensation expense 18,752 19,692
Deferred income tax benefit (1,982) (1,318)
Loss on sale of a business or subsidiary 206 0
Recognition of deferred gain on sale-leaseback transactions 0 (9,237)
Gain on disposal of property, fixtures and equipment (3,217) (814)
Other, net (6,818) 2,991
Change in assets and liabilities (160,592) (142,375)
Net cash provided by operating activities 180,926 155,196
Cash flows used in investing activities:    
Proceeds from disposal of property, fixtures and equipment 16,418 10,453
Proceeds from sale-leaseback transactions, net 3,052 11,332
Capital expenditures (117,478) (146,288)
Other investments, net 4,298 200
Net cash used in investing activities (93,710) (124,303)
Cash flows used in financing activities:    
Proceeds from issuance of long-term debt, net 0 1,637
Repayments of long-term debt (20,646) (20,164)
Proceeds from borrowings on revolving credit facilities, net 533,300 378,529
Repayments of borrowings on revolving credit facilities (469,000) (329,700)
Proceeds from the exercise of share-based compensation, net 1,266 35,795
Distributions to noncontrolling interests (5,228) (4,505)
Contributions from noncontrolling interests 866 1,571
Purchase of limited partnership and noncontrolling interests (41) (1,619)
Repayments of partner deposits and accrued partner obligations (12,928) (14,458)
Repurchase of common stock (106,992) (98,968)
Cash dividends paid on common stock (27,041) (25,078)
Net cash used in financing activities (106,444) (76,960)
Effect of exchange rate changes on cash and cash equivalents (1,187) (4,861)
Net decrease in cash, cash equivalents and restricted cash (20,415) (50,928)
Cash, cash equivalents and restricted cash as of the beginning of the period 71,823 129,543
Cash, cash equivalents and restricted cash as of the end of the period 51,408 78,615
Supplemental disclosures of cash flow information:    
Cash paid for interest 35,855 31,376
Cash paid for income taxes, net of refunds 20,025 9,696
Supplemental disclosures of non-cash investing and financing activities:    
Leased assets obtained in exchange for new operating lease liabilities 43,101 0
Leased assets obtained in exchange for new finance lease liabilities 200 0
Increase in liabilities from the acquisition of property, fixtures and equipment or capital leases $ 2,655 $ 5,075