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
9 Months Ended
Oct. 31, 2020
Nov. 02, 2019
Cash flows from operating activities:    
Net income $ 39,860 $ 90,943
Adjustments to reconcile net income to net cash provided by operating activities:    
Non-cash operating lease expense 241,040 244,258
Depreciation and amortization 95,382 94,025
Share-based compensation 19,759 18,664
Debt issuance costs amortization 2,757 3,509
Loss on write-off of investment   5,036
Accretion of long-term debt, net 480 (195)
Restructure and impairment charges 9,388 48,332
Impairment of intangible assets 3,500  
Deferred income taxes (289) (9,984)
Gain on sale of building (101)  
Losses on early extinguishments of debt and refinancing costs 22,044 1,316
Changes in assets and liabilities:    
Merchandise inventories (74,009) (316,220)
Prepaid expenses and other (7,377) (14,445)
Accounts receivable 13,368 30,684
Other assets 790 (4,728)
Operating lease liabilities (207,334) (225,951)
Accounts payable 414,286 162,222
Accrued interest 11,217 8,441
Accrued liabilities and other 97,539 (10,471)
Income taxes 3,660 (18,318)
Other liabilities 26,900 (751)
Net cash provided by operating activities 712,860 106,367
Cash flows used in investing activities:    
Additions to property and equipment (79,545) (89,632)
Proceeds from sale of building 875  
Net cash used in investing activities (78,670) (89,632)
Cash flows from financing activities:    
Common stock repurchased (1,103) (107,908)
Payments on term loan credit facility (541,775) (18,675)
Payment of 2020 senior subordinated notes   (510,000)
Issuance of senior notes   500,000
Issuance of senior secured notes 375,000  
Borrowings on asset-based revolving credit facility 600,000 11,100
Payments on asset-based revolving credit facility (600,000) (11,100)
Payment of debt refinancing costs (24,267) (8,158)
Proceeds from stock options exercised 105 506
Other financing activities (118)  
Net cash used in financing activities (192,158) (144,235)
Net change in cash and equivalents 442,032 (127,500)
Cash and equivalents at beginning of period 409,964 245,887
Cash and equivalents at end of period 851,996 118,387
Supplemental Cash Flow Information:    
Cash paid for interest 98,494 105,374
Cash paid for taxes $ 15,681 $ 56,793