v3.19.3
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Nov. 02, 2019
Nov. 03, 2018
Cash flows from operating activities:    
Net income $ 90,943 $ 138,142
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization of operating lease assets 244,258  
Depreciation and amortization 94,025 89,933
Share-based compensation 18,664 20,780
Debt issuance costs amortization 3,509 3,759
Loss on write-off of investment 5,036  
Accretion of long-term debt, net (195) (385)
Restructure and impairment charges 48,332 44,278
Deferred income taxes (9,984) 7,710
Losses on early extinguishments of debt and refinancing costs 1,316 1,835
Changes in assets and liabilities:    
Merchandise inventories (316,220) (338,260)
Prepaid expenses and other (14,445) (2,886)
Accounts receivable 30,684 (18,269)
Other assets (4,728) (1,314)
Operating lease liabilities (225,951)  
Accounts payable 162,222 150,088
Accrued interest 8,441 7,850
Accrued liabilities and other (10,471) 1,077
Income taxes (18,318) (79,258)
Other liabilities (751) 734
Net cash used in operating activities 106,367 25,814
Cash flows used in investing activities:    
Additions to property and equipment (89,632) (119,553)
Cash flows from financing activities:    
Common stock repurchased (107,908) (430,509)
Payments on term loan credit facility (18,675) (17,356)
Payment of 2020 senior subordinated notes (510,000)  
Issuance of 2027 senior notes 500,000  
Borrowings on asset-based revolving credit facility 11,100 307,400
Payments on asset-based revolving credit facility (11,100) (89,400)
Payment of debt refinancing costs (8,158) (1,117)
Payment of dividends   (317)
Proceeds from stock options exercised 506 1,812
Net cash used in financing activities (144,235) (229,487)
Net change in cash and equivalents (127,500) (323,226)
Cash and equivalents at beginning of period 245,887 425,896
Cash and equivalents at end of period 118,387 102,670
Supplemental Cash Flow Information:    
Cash paid for interest 105,374 98,864
Cash paid for taxes $ 56,793 $ 115,724

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