| Feb'20 | Feb'19 | Feb'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 |
|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||
Net income | ||||||||
465,116 | 414,745 | 384,852 | 215,873 | 150,482 | 65,955 | 16,150 | 25,301 | -6,272 |
Adjustments to reconcile net income to net cash provided by operating activities | ||||||||
Depreciation and amortization | ||||||||
210,720 | 217,884 | 201,103 | 183,586 | 172,099 | 167,580 | 168,195 | 166,786 | 153,070 |
Impairment charges - long-lived assets | ||||||||
4,315 | 6,844 | 2,127 | 2,450 | 6,111 | 2,579 | 3,180 | 11,539 | 1,735 |
Amortization of deferred financing costs | ||||||||
1,247 | 1,596 | 2,463 | 2,679 | 2,868 | 6,057 | 9,574 | 5,805 | 11,904 |
Accretion of long term debt instruments | ||||||||
-813 | -754 | -1,048 | -942 | -809 | -1,579 | -2,998 | -1,899 | -59 |
Interest Rate Cap Contracts-Adjustment to Market | ||||||||
- | - | - | - | - | - | - | - | -3,165 |
Provision for Losses on Accounts Receivable | ||||||||
- | - | - | - | - | - | - | - | 1,211 |
Deferred income taxes | ||||||||
9,070 | 2,519 | -30,727 | -2,919 | 5,909 | -30,940 | -17,973 | -6,536 | -701 |
Non-cash loss on extinguishment of debt | ||||||||
- | -1,823 | -2,881 | -3,805 | -649 | 28,051 | -11,506 | -2,222 | -16,435 |
Loss on Disposition of Fixed Assets and Leasehold Improvements | ||||||||
- | - | - | - | - | - | - | -2,233 | -2,261 |
Non-cash stock compensation expense | ||||||||
43,928 | 35,485 | 27,034 | 15,953 | 11,161 | 6,264 | 10,203 | 2,747 | 5,797 |
Non-cash lease expense | ||||||||
12,599 | - | - | - | - | - | - | - | - |
Non-cash rent | ||||||||
- | 25,568 | 24,689 | 27,910 | 24,143 | 19,463 | 11,059 | 9,873 | -5,363 |
Cash received from landlord allowances | ||||||||
56,280 | 50,843 | 48,834 | 32,212 | 41,786 | 38,418 | 41,571 | 33,400 | -32,427 |
Excess tax benefit from stock based compensation | ||||||||
- | - | - | - | - | 15,461 | - | - | -32 |
Insurance recoveries | ||||||||
- | - | - | - | - | - | -3,573 | -4,000 | - |
Changes in assets and liabilities: | ||||||||
Accounts receivable | ||||||||
8,816 | -3,482 | 19,983 | 3,489 | -1,263 | 8,616 | -1,573 | 11,814 | 1,650 |
Merchandise inventories | ||||||||
-176,430 | 201,621 | 50,671 | -81,048 | -5,180 | 68,658 | 39,862 | -2,070 | 38,033 |
Prepaid and other current assets | ||||||||
13,598 | 7,461 | 42,855 | 13,267 | 6,454 | -27,546 | 8,961 | 11,891 | 8,845 |
Accounts payable | ||||||||
-90,899 | 111,023 | 97,003 | 41,543 | -23,483 | 78,695 | 42,581 | 224,121 | 85,824 |
Other current liabilities | ||||||||
25,202 | 13,700 | 2,509 | 74,819 | -10,642 | 18,958 | 51,096 | 14,795 | 6,959 |
Other long term assets and long term liabilities | ||||||||
-3,176 | -8,780 | 2,109 | -5,715 | -3,850 | -2,552 | -3,477 | 3,958 | 10,032 |
Other operating activities | ||||||||
-3,858 | 4,825 | 8,430 | 2,876 | 1,957 | 1,239 | 1,529 | -337 | - |
Net cash provided by operating activities | ||||||||
891,725 | 639,653 | 607,250 | 615,916 | 339,402 | 302,335 | 289,351 | 452,509 | 249,983 |
INVESTING ACTIVITIES | ||||||||
Cash paid for property and equipment | ||||||||
328,357 | 295,772 | 268,194 | 187,507 | 201,787 | 220,980 | 168,267 | 166,721 | 153,373 |
Lease acquisition costs | ||||||||
1,983 | 8,543 | - | - | - | - | - | 530 | 557 |
Proceeds from insurance recoveries related to property and equipment | ||||||||
5,131 | 2,787 | 5,980 | - | - | - | - | - | - |
Proceeds from sale of property and equipment and assets held for sale | ||||||||
- | -6,020 | 3 | - | - | - | - | - | - |
Change in restricted cash and cash equivalents | ||||||||
- | - | - | - | - | -4,300 | -2,700 | - | 4,536 |
Net (removal costs) proceeds from sale of property and equipment and assets held for sale | ||||||||
- | - | - | -7,288 | -4,250 | -174 | -773 | -1,435 | -757 |
Other investing activities | ||||||||
-611 | 3,000 | -9 | 132 | -2,805 | - | - | - | 1,064 |
Net cash (used in) investing activities | ||||||||
-324,598 | -298,508 | -262,208 | -180,351 | -194,732 | -216,506 | -164,794 | -165,816 | -158,773 |
FINANCING ACTIVITIES | ||||||||
Proceeds from long term debtHoldco Notes | ||||||||
- | - | - | - | - | - | 343,000 | - | - |
Principal payments on long term debtHoldco Notes | ||||||||
- | - | - | - | - | 128,223 | 221,777 | - | - |
Principal payments on long term debtSenior Notes | ||||||||
- | - | - | - | - | 450,000 | - | - | 99,309 |
Proceeds from long term debtTerm B-3 Loans | ||||||||
- | - | - | - | - | - | - | - | 991,623 |
Principal payments on long term debt | ||||||||
- | - | - | - | - | - | - | - | 42,500 |
Purchase of treasury shares | ||||||||
323,080 | 228,874 | 289,777 | 202,371 | 201,670 | 3,933 | - | 7 | 6 |
Principal Repayment of Previous Term Loan | ||||||||
- | - | - | - | - | - | - | - | 777,550 |
Payment of dividends | ||||||||
- | - | - | - | - | - | 336,000 | 1,711 | 297,917 |
Proceeds from Long Term Debt-Notes Payable | ||||||||
- | - | - | - | - | - | - | - | 450,000 |
Principal Payments on Long Term Debt-Senior Discount Notes | ||||||||
- | - | - | - | - | - | - | - | 302,056 |
Repayment of capital lease obligations | ||||||||
- | - | - | - | - | - | - | 768 | 829 |
Proceeds from stock option exercises | ||||||||
34,222 | 16,306 | 9,173 | 4,484 | 2,100 | 2,514 | 2,527 | 2,760 | 2,024 |
Excess tax benefit from stock based compensation | ||||||||
- | - | - | - | - | 15,461 | - | - | - |
Deferred financing costs | ||||||||
- | 2,439 | 1,188 | 655 | 168 | 13,658 | 22,126 | 459 | 30,640 |
Proceeds from initial public offering | ||||||||
- | - | - | - | - | - | 260,667 | - | - |
Offering costs | ||||||||
- | - | - | - | - | - | 23,747 | - | - |
Other financing activities | ||||||||
-2,769 | -275 | -5,975 | -6,149 | -3,466 | -5,418 | -920 | - | - |
Net cash (used in) financing activities | ||||||||
-291,627 | -368,075 | -293,353 | -374,883 | -149,104 | -193,464 | -34,909 | -279,021 | -85,760 |
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | ||||||||
275,500 | -26,930 | 51,689 | 60,682 | -4,434 | -107,635 | 89,648 | 7,672 | 5,450 |
Supplemental disclosure of cash flow information: | ||||||||
Interest paid | ||||||||
47,071 | 52,173 | 49,092 | 51,590 | 57,376 | 100,047 | 111,533 | 108,180 | 102,304 |
Income tax payments - net | ||||||||
110,588 | 75,650 | 109,581 | 68,962 | 84,676 | 74,363 | 2,769 | 4,191 | 5,697 |
Non-cash investing activities: | ||||||||
Accretion of class L preferred return | ||||||||
- | - | - | - | - | - | 104,859 | 141,571 | 121,048 |
Accrued purchases of property and equipment | ||||||||
62,814 | 47,258 | 31,279 | 24,120 | 18,017 | 21,878 | 21,604 | 14,102 | 12,969 |
Acquisition of finance leases | ||||||||
19,875 | 13,538 | - | - | 409 | 3,342 | 887 | - | - |
ABL senior secured revolving facility | ||||||||
Non-cash loss on extinguishment of debt | ||||||||
- | -200 | - | - | - | - | - | - | - |
Proceeds from long term debt | ||||||||
1,294,400 | 1,220,200 | 1,215,500 | 1,392,700 | 1,607,400 | - | 806,800 | 459,800 | 1,073,700 |
Principal payments on long term debt | ||||||||
1,294,400 | 1,220,200 | 1,215,500 | 1,560,100 | 1,503,300 | - | 806,800 | 649,800 | 1,052,300 |
Senior Secured Term B-5 Loans | ||||||||
Proceeds from long term debt | ||||||||
- | - | 1,114,207 | - | - | - | - | - | - |
Principal payments on long term debt | ||||||||
- | 152,793 | 2,793 | - | - | - | - | - | - |
Senior Secured Term B-4 Loans | ||||||||
Proceeds from long term debt | ||||||||
- | - | - | 1,114,208 | - | - | - | - | - |
Principal payments on long term debt | ||||||||
- | - | 1,117,000 | - | - | - | - | - | - |
Senior Secured Term B-3 Loans | ||||||||
Principal payments on long term debt | ||||||||
- | - | - | 1,117,000 | 50,000 | - | - | - | - |