| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | ||
|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||
Net income | ||||||
187,176 | 127,261 | 50,301 | 44,224 | 24,104 | ||
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
Charges for discontinued operations | ||||||
- | - | - | -802 | -913 | ||
Depreciation and amortization | ||||||
157,000 | 162,223 | 164,061 | 178,325 | 177,483 | ||
Amortization of debt issuance costs and accretion of original issues discount | ||||||
5,172 | 6,556 | 8,463 | 17,091 | 16,848 | ||
Debt extinguishment and refinancing charges | ||||||
-2,167 | -23,602 | -9,788 | 0 | - | ||
Impairment charges | ||||||
13,300 | 3,962 | 0 | 0 | - | ||
Stock-based compensation expense | ||||||
18,796 | 57,677 | 9,102 | 11,828 | 2,265 | ||
Deferred income tax provision (benefit) | ||||||
10,246 | -12,314 | -35,623 | -23,530 | -21,428 | ||
Other non-cash items, net | ||||||
-2,028 | -2,362 | -3,892 | -32 | 4,534 | ||
Increase (decrease) in cash due to changes in: | ||||||
Accounts receivable | ||||||
12,053 | 3,976 | 24,507 | -26,533 | 2,253 | ||
Merchandise inventories | ||||||
29,196 | 33,168 | -12,706 | -30,010 | 23,660 | ||
Prepaid expenses and other current assets | ||||||
-22,169 | -26,338 | 47,867 | -16,184 | 967 | ||
Other assets | ||||||
-1,710 | -874 | -967 | -2,034 | 598 | ||
Accounts payable | ||||||
-20,868 | 68,884 | 36,081 | -29,277 | 12,454 | ||
Change in book overdrafts | ||||||
-12,094 | -19,770 | 7,523 | -42,781 | -20,077 | ||
Accrued expenses | ||||||
18,134 | 19,121 | 8,236 | 49,441 | 12,086 | ||
Accrued income taxes | ||||||
- | - | - | 6,343 | -13,121 | ||
Closed store obligations | ||||||
- | - | - | -1,942 | -2,033 | ||
Other non-current liabilities | ||||||
-8,550 | -2,529 | 6,962 | 12,111 | 1,879 | ||
Net cash provided by operating activities | ||||||
355,143 | 427,103 | 210,085 | 297,428 | 159,361 | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||
Additions to property and equipment, net of disposals | ||||||
196,901 | 145,913 | 137,466 | 114,756 | 112,363 | ||
Proceeds from sale leaseback transaction | ||||||
21,606 | 0 | 0 | - | - | ||
Net cash used in investing activities | ||||||
-175,295 | -145,913 | -137,466 | -114,756 | -112,363 | ||
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||
Proceeds from long term debt | ||||||
0 | 0 | 547,544 | 0 | - | ||
Payments on long term debt | ||||||
14,829 | 36,167 | 14,437 | 65,161 | 16,760 | ||
Paydown of the First Lien Term Loan and extinguishment of Second Lien Term Loan | ||||||
200,000 | 975,633 | 0 | 0 | - | ||
Proceeds from ABL facility | ||||||
1,390,000 | 1,587,000 | 1,645,000 | 1,166,000 | 1,841,456 | ||
Payments on ABL facility | ||||||
1,301,000 | 1,515,000 | 1,483,000 | 1,287,000 | 1,871,456 | ||
Debt issuance costs paid | ||||||
21 | 982 | 24,635 | 754 | - | ||
Dividends paid | ||||||
25 | 25 | 735,518 | 25 | 25 | ||
Finance Lease, Principal Payments | ||||||
612 | - | - | - | - | ||
Capital lease obligations payments | ||||||
- | 691 | 657 | 535 | 553 | ||
Net cash received (paid) from stock option exercises | ||||||
11,072 | -14,240 | 858 | 377 | 1,175 | ||
Net cash received from Employee Stock Purchase Program (ESPP) | ||||||
1,728 | 0 | 0 | - | - | ||
Acquisition of treasury stock/cash paid for share repurchases | ||||||
67,305 | 19,109 | 1,969 | 1,427 | 950 | ||
Proceeds from Initial Public Offering, net of underwriters' discount and commission | ||||||
0 | 690,970 | 0 | 0 | - | ||
Payment of Initial Public Offering costs | ||||||
0 | 5,081 | 0 | 0 | - | ||
Proceeds from financing obligations | ||||||
4,202 | - | - | - | - | ||
Other financing activities | ||||||
0 | -40 | -2,815 | 407 | 877 | ||
Net cash used in financing activities | ||||||
-176,790 | -288,998 | -69,629 | -188,118 | -46,236 | ||
Net increase (decrease) in cash and cash equivalents | ||||||
3,058 | -7,808 | 2,990 | -5,446 | 762 | ||
Supplemental cash flow information: | ||||||
Interest paid | ||||||
96,861 | 152,882 | 152,178 | 126,919 | 132,800 | ||
Income taxes paid | ||||||
40,351 | 15,845 | 14,820 | 45,746 | 44,720 | ||
Non-cash financing and investing activities: | ||||||
Conversion of contingently redeemable common stock into common stock | ||||||
0 | 13,202 | 0 | 0 | - | ||
Property additions included in accrued expenses | ||||||
11,247 | 13,849 | 19,405 | 16,915 | 19,571 | ||
Property acquired through financing obligations | ||||||
- | - | - | 6,500 | - | ||