Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.19.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 03, 2019
Aug. 04, 2018
Cash flows from operating activities:    
Net income $ 62,238 $ 54,373
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization of operating lease assets 162,861  
Depreciation and amortization 62,730 59,054
Share-based compensation 12,006 12,334
Debt issuance costs amortization 2,539 2,522
Loss on write-off of investment 5,036  
Accretion of long-term debt, net (262) (256)
Restructure charges 6,956 44,278
Deferred income taxes 39 770
Losses on early extinguishments of debt and refinancing costs 1,155 1,835
Changes in assets and liabilities:    
Merchandise inventories (148,311) (177,586)
Prepaid expenses and other (10,782) 2,217
Accounts receivable 37,674 (6,366)
Other assets (9,391) (1,165)
Operating lease liabilities (140,287)  
Accounts payable 44,537 54,823
Accrued interest (1,045) 553
Accrued liabilities and other (54,843) (49,838)
Income taxes (34,327) (87,341)
Other liabilities (631) 3,231
Net cash used in operating activities (2,108) (86,562)
Cash flows used in investing activities:    
Additions to property and equipment (57,533) (69,908)
Cash flows from financing activities:    
Common stock repurchased (27,325) (252,508)
Payments on term loan credit facility (12,450) (11,790)
Payment of 2020 senior subordinated notes (510,000)  
Issuance of 2027 senior notes 500,000  
Borrowings on asset-based revolving credit facility   133,600
Payments on asset-based revolving credit facility   (15,600)
Payment of debt refinancing costs (6,032) (1,069)
Payment of dividends   (317)
Proceeds from stock options exercised 542 1,449
Net cash used in financing activities (55,265) (146,235)
Net change in cash and equivalents (114,906) (302,705)
Cash and equivalents at beginning of period 245,887 425,896
Cash and equivalents at end of period 130,981 123,191
Supplemental Cash Flow Information:    
Cash paid for interest 76,991 69,101
Cash paid for taxes $ 54,676 $ 114,950