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
Jan. 30, 2021
Feb. 01, 2020
Feb. 02, 2019
Cash flows from operating activities:      
Net income $ 294,935 $ 272,595 $ 319,545
Adjustments to reconcile net income to net cash provided by operating activities:      
Non-cash operating lease expense 308,777 325,962  
Depreciation and amortization 130,303 125,499 124,271
Share-based compensation 25,010 22,910 27,082
Debt issuance costs amortization 3,507 4,451 4,997
Loss on write-off of investment   5,036  
Accretion of long-term debt, net 1,391 (129) (518)
Restructure and impairment charges 28,835 48,332 104,238
Impairment of intangible assets 3,500    
Deferred income taxes 52,114 9,455 8,131
Gain on sale of building (101)    
Losses on early extinguishments of debt and refinancing costs 22,044 1,316 1,835
Changes in assets and liabilities:      
Merchandise inventories 88,183 9,504 (63,890)
Prepaid expenses and other 4,869 1,671 3,576
Accounts receivable 14,627 29,516 (14,100)
Other assets 198 (3,562) (1,497)
Operating lease liabilities (277,375) (323,010)  
Accounts payable 389,756 (14,787) (10,461)
Accrued interest 6,978 (2,192) (691)
Accrued liabilities and other 128,671 (36,020) (17,225)
Income taxes (5,323) 17,647 (44,532)
Other liabilities 1,537 (1,019) 3,495
Net cash provided by operating activities 1,222,436 493,175 444,256
Cash flows used in investing activities:      
Additions to property and equipment (162,004) (120,545) (145,387)
Acquisition of intangible assets   (58,000)  
Proceeds from sale of building 875    
Net cash used in investing activities (161,129) (178,545) (145,387)
Cash flows from financing activities:      
Common stock repurchased (91,118) (107,997) (456,585)
Payments on term loan credit facility (545,950) (24,900) (24,900)
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 23,200 355,400
Payments on asset-based revolving credit facility (600,000) (23,200) (355,400)
Payment of debt refinancing costs (26,812) (8,162) (1,117)
Payment of dividends     (317)
Proceeds from stock options exercised 12,473 506 4,041
Other financing activities (475)    
Net cash used in financing activities (276,882) (150,553) (478,878)
Net change in cash and equivalents 784,425 164,077 (180,009)
Cash and equivalents at beginning of period 409,964 245,887 425,896
Cash and equivalents at end of period $ 1,194,389 $ 409,964 $ 245,887