v3.20.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
May 02, 2020
May 04, 2019
Cash flows from operating activities:    
Net (loss) income $ (63,505) $ 37,691
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities    
Non-cash operating lease expense 81,171 81,371
Depreciation and amortization 32,843 31,489
Share-based compensation 8,535 7,251
Debt issuance costs amortization 940 1,237
Loss on write-off of investment   5,036
Accretion of long-term debt, net 66 (130)
Restructure charges   3,087
Deferred income taxes (2,861) 140
Gain on sale of building (101)  
Changes in assets and liabilities:    
Merchandise inventories (12,857) 6,966
Prepaid expenses and other 10,850 (6,412)
Accounts receivable 6,593 23,705
Other assets 2,294 (12,964)
Operating lease liabilities (36,862) (56,843)
Accounts payable (37,815) (81,237)
Accrued interest 14,373 7,706
Accrued liabilities and other (32,587) (25,611)
Income taxes (30,219) 12,318
Other liabilities 3,615 (1,002)
Net cash (used in) provided by operating activities (55,527) 33,798
Cash flows used in investing activities:    
Additions to property and equipment (21,856) (25,101)
Proceeds from sale of building 875  
Net cash used in investing activities (20,981) (25,101)
Cash flows from financing activities:    
Common stock repurchased (401) (2,139)
Payments on term loan credit facility (6,225) (6,225)
Borrowings on asset-based revolving credit facility 600,000  
Proceeds from stock options exercised   507
Net cash provided by (used in) financing activities 593,374 (7,857)
Net change in cash and equivalents 516,866 840
Cash and equivalents at beginning of period 409,964 245,887
Cash and equivalents at end of period 926,830 246,727
Supplemental Cash Flow Information:    
Cash paid for interest 22,900 29,164
Cash paid for taxes $ 1,106 $ 2,320

Source