RED ROBIN GOURMET BURGERS INC
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
RRGB$8.47-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Year Ended | |||
|---|---|---|---|
| December 31, 2023 | December 25, 2022 | December 26, 2021 | |
| Cash Flows From Operating Activities: | |||
| Net loss | $(21,228) | $(78,883) | $(50,443) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 66,190 | 76,245 | 83,438 |
| Gift card breakage | (9,874) | (13,807) | (5,022) |
| Asset impairment | 9,130 | 38,534 | 7,052 |
| Non-cash other charges (gains) | (1,404) | (3,440) | 346 |
| Stock-based compensation expense | 6,933 | 6,294 | 6,622 |
| Gain on sale of property | (30,137) | (9,204) | — |
| Amortization of debt issuance costs | 2,032 | 3,530 | 3,032 |
| Other, net | (794) | 287 | 71 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 364 | (26) | (4,919) |
| Inventories | (280) | (1,813) | (1,925) |
| Income tax receivable | 33 | 15,263 | 759 |
| Prepaid expenses and other current assets | 1,558 | 2,289 | (3,066) |
| Operating lease assets, net of liabilities | (11,841) | (7,036) | (9,293) |
| Trade accounts payable and accrued liabilities | (9,843) | 11,724 | 19,449 |
| Unearned revenue | (1,097) | 4,035 | 9,539 |
| Other operating assets and liabilities, net | (899) | (8,460) | (8,348) |
| Net cash provided by (used in) operating activities | (1,157) | 35,532 | 47,292 |
| Cash Flows From Investing Activities: | |||
| Purchases of property, equipment and intangible assets | (49,440) | (38,159) | (42,261) |
| Proceeds from sale-leaseback | 58,801 | — | — |
| Proceeds from sales of property and equipment, and other | 2,394 | 8,591 | 20 |
| Acquisition of franchised restaurants | (3,529) | — | — |
| Net cash provided by (used in) investing activities | 8,226 | (29,568) | (42,241) |
| Cash Flows From Financing Activities: | |||
| Borrowings of long-term debt | — | 297,151 | 192,500 |
| Payments of long-term debt and capital leases | (25,755) | (266,519) | (188,845) |
| Purchase of treasury stock | (9,960) | — | — |
| Debt issuance costs | — | (4,869) | (1,714) |
| Proceeds related to real estate sale | — | 3,856 | — |
| (Uses) proceeds from other financing activities, net | 2,003 | (86) | (378) |
| Net cash provided by (used in) financing activities | (33,712) | 29,533 | 1,563 |
| Effect of exchange rate changes on cash | 2 | (41) | 20 |
| Net change in cash and cash equivalents, and restricted cash | (26,641) | 35,456 | 6,634 |
| Cash and cash equivalents, and restricted cash, beginning of period | 58,206 | 22,750 | 16,116 |
| Cash and cash equivalents, and restricted cash, end of period | $31,565 | $58,206 | $22,750 |
| Supplemental disclosure of cash flow information | |||
| Income taxes paid (refunds received), net | $454 | $(14,642) | $(962) |
| Interest paid, net of amounts capitalized | 24,084 | 16,054 | 10,455 |
| Accrued purchases of property, equipment and intangible assets | $1,836 | $9,688 | $4,655 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.