| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 |
|---|---|---|---|---|---|---|
Cash flows provided by operating activities: | ||||||
Net (loss) income | ||||||
-532,858 | 122,819 | 215,340 | 117,477 | - | - | 4,243 |
Less: net income attributable to noncontrolling interests | ||||||
- | - | - | - | - | - | 224 |
Net income | ||||||
- | - | - | - | 10,459 | 56,123 | 4,019 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation and amortization expense | ||||||
81,116 | 78,575 | 85,168 | 83,630 | 80,515 | 82,890 | 94,624 |
Amortization of deferred financing costs and original issuance discounts | ||||||
4,722 | 10,989 | 4,937 | 5,818 | 40,516 | 15,610 | 20,211 |
Provision for doubtful accounts | ||||||
2,323 | 1,213 | 560 | 781 | 223 | 1,783 | 1,079 |
Deferred income tax (benefit) expense | ||||||
-47,366 | 4,573 | -102,651 | 3,401 | -6,178 | -13,758 | -25,599 |
Deferred rent | ||||||
0 | 5,351 | 7,287 | 18,835 | 13,407 | 14,418 | 17,055 |
Change in operating lease liability/asset | ||||||
9,942 | 0 | 0 | - | - | - | - |
Impairment of intangible assets | ||||||
- | - | - | - | 852 | 0 | 7,500 |
Impairment of fixed assets | ||||||
- | - | - | - | - | 1,012 | 322 |
(Gain) loss on disposal of assets | ||||||
59,786 | -3 | -475 | -14 | 2,593 | -2,310 | -388 |
Undistributed income in equity method investments | ||||||
472 | 369 | 194 | -314 | -562 | -1,556 | -172 |
Non-cash adjustment for store impairment and restructuring | ||||||
20,236 | 0 | 0 | - | - | - | - |
Goodwill and intangibles impairment | ||||||
562,631 | 0 | 0 | - | - | - | - |
Non-employee equity based compensation | ||||||
515 | 81 | 3,033 | 0 | 0 | - | - |
Stock option expense | ||||||
1,319 | 1,744 | 5,309 | 3,853 | 3,042 | 1,583 | 2,137 |
Restricted stock units expense—time-based | ||||||
2,033 | 1,174 | 0 | 0 | - | - | - |
Directors—non-cash compensation | ||||||
313 | 196 | 0 | 0 | - | - | - |
Changes in operating assets and liabilities, net of effects of acquired businesses: | ||||||
(Increase) decrease in accounts receivable | ||||||
2,600 | 10,431 | -1,153 | 5,898 | -6,868 | 7,202 | 7,356 |
Decrease (increase) in inventories | ||||||
-72,385 | 142,866 | -37,175 | 42,819 | -15,515 | 55,786 | 2,040 |
Decrease (increase) in prepaid expenses and other current assets | ||||||
-14,741 | -16,666 | 9,117 | 14,517 | 4,683 | -5,813 | 10,235 |
(Decrease) increase in accounts payable, accrued expenses and income taxes payable | ||||||
-65,617 | 12,138 | 19,408 | 86,893 | -78,293 | 30,035 | 33,541 |
Net cash provided by operating activities | ||||||
43,693 | 101,856 | 267,883 | 257,782 | 80,212 | 136,387 | 135,818 |
Cash flows provided by (used in) investing activities: | ||||||
Cash paid in connection with acquisitions, net of cash acquired | ||||||
20,878 | 65,301 | 74,710 | 31,820 | 22,615 | 12,377 | 51,546 |
Capital expenditures | ||||||
61,733 | 85,661 | 66,970 | 81,948 | 78,825 | 78,241 | 61,241 |
Proceeds from disposal of property and equipment | ||||||
246,286 | 55 | 35 | 35 | 1,304 | 986 | 265 |
Net cash provided (used in) investing activities | ||||||
163,675 | -150,907 | -141,645 | -113,733 | -100,136 | -89,632 | -112,522 |
Cash flows (used in) provided by financing activities: | ||||||
Repayment of loans, notes payable and long-term obligations | ||||||
441,632 | 547,695 | 234,619 | 1,521,218 | 2,561,594 | 1,374,017 | 1,392,681 |
Proceeds from loans, notes payable and long-term obligations | ||||||
203,344 | 652,087 | 380,092 | 1,399,717 | 2,198,600 | 1,349,197 | 1,720,253 |
Cash held in escrow in connection with acquisitions | ||||||
- | - | - | - | 3,832 | 0 | 0 |
Excess tax benefit from stock options | ||||||
- | - | - | 518 | 298 | 582 | 1,511 |
Exercise of stock options | ||||||
1,148 | 2,269 | 1,298 | 1,373 | 30 | 1,080 | 0 |
Treasury stock purchases | ||||||
156 | 40,197 | 286,733 | 0 | 0 | - | - |
Issuance of common stock | ||||||
- | - | - | - | 397,159 | 0 | 750 |
Dividend distribution | ||||||
- | - | - | - | - | - | 338,015 |
Debt issuance and modification costs | ||||||
414 | 10,294 | 0 | 130 | 11,720 | 372 | 10,191 |
Net cash (used in) provided by financing activities | ||||||
-237,710 | 56,170 | -139,962 | -119,740 | 18,941 | -23,530 | -18,373 |
Effect of exchange rate changes on cash and cash equivalents | ||||||
6,299 | -2,308 | 3,367 | -2,636 | -3,312 | -1,656 | -177 |
Net (decrease) increase in cash and cash equivalents and restricted cash | ||||||
-24,043 | 4,811 | -10,357 | 21,673 | -4,295 | 21,569 | 4,746 |
Supplemental disclosure of cash flow information: | ||||||
Cash paid during the period: | ||||||
Interest | ||||||
108,561 | 94,472 | 76,171 | 86,183 | 143,458 | 145,632 | 121,064 |
Income taxes, net of refunds | ||||||
36,093 | 59,156 | 66,445 | 26,883 | 40,134 | 14,455 | 22,561 |