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On the Record · GNC Holdings

GNC Holdings acquisitions, on the record

The businesses GNC Holdings bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
LuckyVitamin.com (assets of Lucky Vitamin)
Word for word“Proceeds from the sale of Lucky Vitamin 6,367 — — Net cash used in investing activities (23,762 ) (22,420 ) (45,649 ) Cash flows from financing activities: Borrowings under Revolving Credit Facility 317,500 234,500 43,000 Payments on Revolving Credit Facility (444,500 ) (150,500 ) — Payments on Term Loan Facility (40,853 ) (4,550 ) (169,060 ) Proceeds from issuance of convertible senior notes — — 287,500 Debt issuance costs — (1,827 ) (8,225 ) Proceeds from exercise of stock options — 353 1,743 Gross excess tax benefits from stock-based compensation — 162 604 Minimum tax withholding requirements (253 ) (1,169 ) (574 ) Cash paid for treasury stock — (229,169 ) (479,799 ) Dividends paid to shareholders — (55,336 ) (59,647 ) Net cash used in financing activities (168,106 ) (207,536 ) (384,458 ) Effect of exchange rate changes on cash and cash equivalents 897 (240 ) (1,798 ) Net increase (decrease) in cash and cash equivalents 29,537 (21,998 ) (77,372 ) Beginning balance, cash and cash equivalents 34,464 56,462 133,834 Ending balance, cash and cash equivalents $ 64,001 $ 34,464 $ 56,462 The accompanying notes are an integral part of the Consolidated Financial Statements.” 10-K for 2017
divestiture——
A1 Sports Limited d/b/a Discount Supplements (assets of Discount Supplements)
Word for word“Other loss, net in the year ended December 31, 2015 includes a loss of $2.7 million relating to the sale of the assets of Discount Supplements and losses on foreign currency of $0.8 million.” 10-K for 2017
divestitureDecember 31, 2015—
Company-owned store locations sold to franchisees (refranchising)
Word for word“Refranchising proceeds 3,983 39,177 3,374 Store acquisition costs (1,989 ) (2,018 ) (3,196 ) Proceeds from the sale of Lucky Vitamin 6,367 — — Net cash used in investing activities (23,762 ) (22,420 ) (45,649 )” 10-K for 2017
divestiture——
Lucky Vitamin
Word for word“We sold substantially all of the assets of our Lucky Vitamin subsidiary effective September 30, 2017.” 10-K for 2018
divestitureSeptember 30, 2017—
franchisees
Word for word“We sold 102 company-owned stores to franchisees in 2016, of which 84 related to one franchisee, resulting in total refranchising gains of $16.0 million in 2016.” 10-K for 2018
divestiturein 2016—
nine company-owned stores
Word for word“Gains on refranchising were $0.5 million for the year ended December 31, 2018 resulting from the sale of nine company-owned stores.” 10-K for 2018
divestiturefor the year ended December 31, 2018—
two company-owned stores
Word for word“Gains on refranchising were $0.3 million for the year ended December 31, 2017 resulting from the sale of the two company-owned stores.” 10-K for 2018
divestiturefor the year ended December 31, 2017—
franchise stores
Word for word“For the years ended December 31, 2018 , 2017 and 2016 , the Company acquired 25 , 60 and 21 franchise stores, respectively.” 10-K for 2018
acquisitionFor the years ended December 31, 2018 , 2017 and 2016—
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)Cash received from selling businessesGoodwill from acquisitions
2016-12-31$2 million$0$1.4 million
2017-12-31$2 million$6.4 million—
2018-12-31$410,000$0—
2019-12-31—$0—

Deal filings since 2016

Read from GNC Holdings’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-03-25. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.