Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2018 | Jun. 30, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ 104,925 | $ 74,954 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation and amortization | 6,722 | 3,385 |
Depreciation and amortization – marketing and reservation system | 10,048 | 10,157 |
Franchise agreement acquisition cost amortization | 4,375 | 3,305 |
Loss (gain) on disposal of assets | (82) | 4 |
Provision for bad debts, net | 4,356 | 1,707 |
Non-cash stock compensation and other charges | 7,716 | 8,082 |
Non-cash interest and other (income) loss | 808 | (274) |
Deferred income taxes | 3,828 | (732) |
Equity in net losses from unconsolidated joint ventures, less distributions received | 6,702 | 3,543 |
Franchise agreement acquisition cost, net of reimbursements | (20,326) | (14,108) |
Change in working capital and other, net of acquisition | (65,258) | (25,915) |
Net cash provided by operating activities | 63,814 | 64,108 |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Investment in property and equipment | (21,611) | (10,687) |
Investment in intangible assets | (1,329) | (2,228) |
Proceeds from sales of assets | 3,052 | 0 |
Business acquisition, net of cash acquired | (231,317) | 0 |
Contributions to equity method investments | (7,206) | (42,127) |
Distributions from equity method investments | 1,210 | 1,696 |
Purchases of investments, employee benefit plans | (2,047) | (1,736) |
Proceeds from sales of investments, employee benefit plans | 1,828 | 2,094 |
Issuance of mezzanine and other notes receivable | (19,005) | (14,977) |
Collections of mezzanine and other notes receivable | 3,505 | 552 |
Other items, net | 232 | 110 |
Net cash used in investing activities | (272,688) | (67,303) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net borrowings pursuant to revolving credit facilities | 69,000 | 23,200 |
Principal payments on long-term debt | (362) | (309) |
Purchase of treasury stock | (70,573) | (7,414) |
Dividends paid | (24,454) | (24,333) |
Debt issuance costs | (914) | 0 |
Proceeds from issuance of long term debt | 352 | 0 |
Proceeds from transfer of interest in notes receivable | 173 | 0 |
Proceeds from exercise of stock options | 38,059 | 6,590 |
Net cash provided by (used in) financing activities | 11,281 | (2,266) |
Net change in cash and cash equivalents | (197,593) | (5,461) |
Effect of foreign exchange rate changes on cash and cash equivalents | (595) | 955 |
Cash and cash equivalents at beginning of period | 235,336 | 202,463 |
Cash and cash equivalents at end of period | 37,148 | 197,957 |
Cash payments during the period for: | ||
Income taxes, net of refunds | 22,470 | 30,813 |
Interest, net of capitalized interest | 21,558 | 21,206 |
Non-cash investing and financing activities: | ||
Dividends declared but not paid | 12,114 | 12,133 |
Investment in property and equipment acquired in accounts payable | $ 3,393 | $ 895 |
Cash flow numbers that are positive mean that cash flowed in to the company. Negative numbers means that cash flowed out. Please copy and paste the cash flow statements. Please copy and paste the cash flows statements from the sixth tab to the right of the questions.
1)How much cash did the company have as of June 30, 2018?
From the above details,
Cash as of June 30, 2018, = Cash and cash equivalents at end of period for the year 2018 column
Cash as of June 30, 2018, = $ 37,148 in Thousands
Company have cash as of June 30, 2018 was USD $ 37,148,000.
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