RED ROBIN GOURMET BURGERS INC
For the period ended Dec 29, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
| Year Ended | |||
|---|---|---|---|
| December 29, 2024 | December 31, 2023 | December 25, 2022 | |
| Cash Flows From Operating Activities: | |||
| Net loss | $(77,541) | $(21,228) | $(78,883) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | |||
| Depreciation and amortization | 57,729 | 66,190 | 76,245 |
| Asset impairment | 32,838 | 9,130 | 38,534 |
| Non-cash other charges (gains) | (5) | (1,404) | (3,440) |
| Stock-based compensation expense | 6,961 | 6,933 | 6,294 |
| Gain on sale of property | (7,425) | (30,137) | (9,204) |
| Other, net | 2,353 | 1,238 | 3,817 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 1,706 | 364 | (26) |
| Inventories | (220) | (280) | (1,813) |
| Income tax receivable | 197 | 33 | 15,263 |
| Prepaid expenses and other current assets | (597) | 1,558 | 2,289 |
| Operating lease assets, net of liabilities | (1,455) | (11,841) | (7,036) |
| Trade accounts payable and accrued liabilities | 3,441 | (9,843) | 11,724 |
| Unearned revenue | (8,984) | (10,971) | (9,772) |
| Other operating assets and liabilities, net | (1,951) | (899) | (8,460) |
| Net cash provided by (used in) operating activities | 7,047 | (1,157) | 35,532 |
| Cash Flows From Investing Activities: | |||
| Purchases of property, equipment and intangible assets | (26,034) | (49,440) | (38,159) |
| Proceeds from sale-leaseback | 23,271 | 58,801 | — |
| Proceeds from sales of property and equipment, and other | 1,016 | 2,394 | 8,591 |
| Acquisition of franchised restaurants | — | (3,529) | — |
| Net cash provided by (used in) investing activities | (1,747) | 8,226 | (29,568) |
| Cash Flows From Financing Activities: | |||
| Proceeds from borrowings on revolving credit facilities | 84,500 | — | 97,151 |
| Repayments of borrowings on revolving credit facilities | (64,500) | (15,000) | (264,227) |
| Proceeds from borrowings on term loan | — | — | 200,000 |
| Repayments of borrowings on term loan | (21,232) | (9,857) | (1,000) |
| Repayments of finance lease obligations | (923) | (898) | (1,292) |
| Proceeds from borrowings for insurance premium financing | 4,265 | — | — |
| Repayments of borrowings for insurance premium financing | (3,619) | — | — |
| Purchase of treasury stock | — | (9,960) | — |
| Debt issuance costs | (2,749) | — | (4,869) |
| Proceeds related to real estate sale | — | — | 3,856 |
| Proceeds from issuance of common stock, net of stock issuance costs | 7,093 | — | — |
| (Uses) proceeds from other financing activities, net | (299) | 2,003 | (86) |
| Net cash provided by (used in) financing activities | 2,536 | (33,712) | 29,533 |
| Effect of exchange rate changes on cash | — | 2 | (41) |
| Net change in cash and cash equivalents, and restricted cash | 7,836 | (26,641) | 35,456 |
| Cash and cash equivalents, and restricted cash, beginning of period | 31,565 | 58,206 | 22,750 |
| Cash and cash equivalents, and restricted cash, end of period | $39,401 | $31,565 | $58,206 |
| Supplemental disclosure of cash flow information | |||
| Income taxes paid (refunds received), net | $83 | $454 | $(14,642) |
| Interest paid, net of amounts capitalized | 22,737 | 24,084 | 16,054 |
| Accrued purchases of property, equipment and intangible assets | $2,707 | $1,836 | $9,688 |
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