Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Feb. 01, 2020
Feb. 02, 2019
Feb. 03, 2018
Cash flows from operating activities:      
Net income $ 272,595 $ 319,545 $ 390,498
Adjustments to reconcile net income to net cash used in operating activities:      
Non-cash operating lease expense 325,962    
Depreciation and amortization 125,499 124,271 118,912
Share-based compensation 22,910 27,082 24,264
Debt issuance costs amortization 4,451 4,997 5,098
Loss on write-off of investment 5,036    
Accretion of long-term debt, net (129) (518) (505)
Restructure and impairment charges 48,332 104,238  
Deferred income taxes 9,455 8,131 4,348
Losses on early extinguishments of debt and refinancing costs 1,316 1,835  
Changes in assets and liabilities:      
Merchandise inventories 9,504 (63,890) 5,281
Prepaid expenses and other 1,671 3,576 (7,785)
Accounts receivable 29,516 (14,100) (2,992)
Other assets (3,562) (1,497) (1,765)
Operating lease liabilities (323,010)    
Accounts payable (14,787) (10,461) (38,025)
Accrued interest (2,192) (691) (12,040)
Accrued liabilities and other (36,020) (17,225) 3,174
Income taxes 17,647 (44,532) 28,388
Other liabilities (1,019) 3,495 6,759
Net cash used in operating activities 493,175 444,256 523,610
Cash flows used in investing activities:      
Additions to property and equipment (120,545) (145,387) (127,830)
Acquisition of intangible assets (58,000)    
Net cash used in investing activities (178,545) (145,387) (127,830)
Cash flows from financing activities:      
Common stock repurchased (107,997) (456,585) (253,752)
Payments on term loan credit facility (24,900) (24,900) (31,125)
Payment of 2020 senior subordinated notes (510,000)    
Issuance of 2027 senior notes 500,000    
Borrowings on asset-based revolving credit facility 23,200 355,400 382,200
Payments on asset-based revolving credit facility (23,200) (355,400) (382,200)
Payment of debt refinancing costs (8,162) (1,117)  
Payment of dividends   (317) (408)
Proceeds from stock options exercised 506 4,041 16,588
Net cash used in financing activities (150,553) (478,878) (268,697)
Net change in cash and equivalents 164,077 (180,009) 127,083
Cash and equivalents at beginning of period 245,887 425,896 298,813
Cash and equivalents at end of period $ 409,964 $ 245,887 $ 425,896