Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Aug. 01, 2020
Aug. 03, 2019
Cash flows from operating activities:    
Net (loss) income $ (71,262) $ 62,238
Adjustments to reconcile net (loss) income to cash (used in) provided by operating activities    
Non-cash operating lease expense 161,542 162,861
Depreciation and amortization 64,090 62,730
Share-based compensation 13,188 12,006
Debt issuance costs amortization 1,882 2,539
Loss on write-off of investment   5,036
Accretion of long-term debt, net 131 (262)
Restructure charges   6,956
Impairment of intangible assets 3,500  
Deferred income taxes (2,979) 39
Gain on sale of building (101)  
Losses on early extinguishments of debt and refinancing costs   1,155
Changes in assets and liabilities:    
Merchandise inventories 76,027 (148,311)
Prepaid expenses and other 1,566 (10,782)
Accounts receivable 8,384 37,674
Other assets 1,232 (9,391)
Operating lease liabilities (121,203) (140,287)
Accounts payable 150,391 44,537
Accrued interest 7,367 (1,045)
Accrued liabilities and other 12,406 (54,843)
Income taxes (19,953) (34,327)
Other liabilities 13,541 (631)
Net cash provided by (used in) operating activities 299,749 (2,108)
Cash flows used in investing activities:    
Additions to property and equipment (46,449) (57,533)
Proceeds from sale of building 875  
Net cash used in investing activities (45,574) (57,533)
Cash flows from financing activities:    
Common stock repurchased (571) (27,289)
Payments on term loan credit facility (12,450) (12,450)
Payment of 2020 senior subordinated notes   (510,000)
Issuance of 2027 senior notes   500,000
Borrowings on asset-based revolving credit facility 600,000  
Payments on asset-based revolving credit facility (600,000)  
Payment of debt refinancing costs   (6,032)
Proceeds from stock options exercised   506
Net cash provided by (used in) financing activities (13,021) (55,265)
Net change in cash and equivalents 241,154 (114,906)
Cash and equivalents at beginning of period 409,964 245,887
Cash and equivalents at end of period 651,118 130,981
Supplemental Cash Flow Information:    
Cash paid for interest 66,196 76,991
Cash paid for taxes $ 13,612 $ 54,676