Company: RRGB
Filing Date: 2025-05-29
Form Type: 10-Q
Source: 0001171759-25-000020
Chunk: 3

Company: RED ROBIN GOURMET BURGERS INC
Filing Date: 2025-05-29
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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(18)— (18)Balance, April 21, 202420,449 $20 4,837 $(171,691)$227,488 $(40)$(84,878)$(29,101)

See Notes to Condensed Consolidated Financial Statements.

3

RED ROBIN GOURMET BURGERS, INC.

 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)Sixteen Weeks Ended(in thousands)April 20, 2025April 21, 2024Cash flows from operating activities:Net income (loss)$1,249 $(9,460)Adjustments to reconcile net income (loss) to net cash provided by operating activities:Depreciation and amortization15,434 18,154 Non-cash other gains, net(172)(193)Stock-based compensation expense2,365 1,190 Gain on sale of property(1,137)(7,425)Deferred financing costs and other, net1,386 672 Changes in operating assets and liabilities:Accounts receivable6,588 7,641 Inventories(518)(383)Prepaid expenses and other current assets416 (195)Operating lease assets, net of liabilities(2,550)3,024 Trade accounts payable and accrued liabilities5,092 13,179 Unearned revenue(8,820)(11,394)Other operating assets and liabilities, net241 (1,076)Net cash provided by operating activities19,574 13,734 Cash flows from investing activities:Purchases of property, equipment, and intangible assets(11,972)(8,248)Net proceeds from sale of property5,593 23,393 Net cash provided by (used in) investing activities(6,379)15,145 Cash flows from financing activities:Net (repayments) borrowings on revolving credit facility(15,000)— Repayments on term loan(2,770)(21,232)Repayments of finance lease obligations(251)(291)Repayments of insurance premium financing(1,528)— Proceeds (uses) from other financing activities, net241 (371)Net cash used in financing activities(19,308)(21,894)Effect of exchange rate changes on cash2 2 Net change in cash and cash equivalents, and restricted cash(6,111)6,987 Cash and cash equivalents, and