RED ROBIN GOURMET BURGERS INC
For the period ended Oct 6, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Oct 6, 2024 · Filed Nov 6, 2024
RRGB$8.47-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Forty Weeks Ended | ||
|---|---|---|
| (in thousands) | October 6, 2024 | October 1, 2023 |
| Cash flows from operating activities: | ||
| Net loss | $(37,825) | $(7,496) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 44,886 | 52,253 |
| Asset impairment | 1,306 | 7,187 |
| Non-cash other charges (gains), net | (68) | (1,819) |
| Stock-based compensation expense | 5,184 | 5,171 |
| Gain on sale of restaurant property | (7,425) | (29,865) |
| Other, net | 1,574 | 733 |
| Changes in operating assets and liabilities, net of business acquisition: | ||
| Accounts receivable | 10,111 | 9,607 |
| Income tax receivable | 197 | 100 |
| Inventories | (737) | (377) |
| Prepaid expenses and other current assets | 2,551 | 1,354 |
| Operating lease assets, net of liabilities | (3,308) | (9,975) |
| Trade accounts payable and accrued liabilities | 7,936 | 5,416 |
| Unearned revenue | (20,729) | (15,057) |
| Other operating assets and liabilities, net | (1,813) | 129 |
| Net cash provided by operating activities | 1,840 | 17,361 |
| Cash flows from investing activities: | ||
| Purchases of property, equipment, and intangible assets | (19,414) | (37,074) |
| Net proceeds from sale-leaseback | 23,271 | 58,801 |
| Proceeds from sales of property and equipment and other investing activities | 1,016 | 794 |
| Acquisition of franchised restaurants | — | (3,529) |
| Net cash provided by investing activities | 4,873 | 18,992 |
| Cash flows from financing activities: | ||
| Proceeds from borrowings on revolving credit facilities | 50,500 | — |
| Repayments of borrowings on revolving credit facilities | (30,500) | (15,000) |
| Repayments of borrowings on term loan | (21,232) | (9,857) |
| Repayments of finance lease obligations | (934) | (668) |
| Purchase of treasury stock | — | (9,960) |
| Debt issuance costs | (2,726) | — |
| (Uses) Proceeds from other financing activities, net | (3,098) | 1,744 |
| Net cash used in financing activities | (7,990) | (33,741) |
| Net change in cash and cash equivalents, and restricted cash | (1,277) | 2,612 |
| Cash and cash equivalents, and restricted cash, beginning of period | 31,565 | 58,206 |
| Cash and cash equivalents, and restricted cash, end of period | $30,288 | $60,818 |
| Supplemental disclosure of cash flow information | ||
| Income tax paid, net | $69 | $210 |
| Interest paid, net of amounts capitalized | $16,566 | $18,261 |
| Right of use assets obtained in exchange for operating lease obligations | $23,587 | $50,769 |
| Right of use assets obtained in exchange for finance lease obligations | $— | $81 |
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