Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands |
3 Months Ended |
Apr. 29, 2023 |
Apr. 30, 2022 |
| Operating activities: |
|
|
| Net loss |
$ (206,073)
|
$ (11,082)
|
| Adjustments to reconcile net loss to net cash used in operating activities: |
|
|
| Depreciation and amortization expense |
37,196
|
37,631
|
| Non-cash lease expense |
118,921
|
68,473
|
| Deferred income taxes |
(65,624)
|
2,215
|
| Non-cash impairment charge |
84,449
|
222
|
| Gain on disposition of property and equipment |
(3,419)
|
(1,568)
|
| Non-cash share-based compensation expense |
4,058
|
3,667
|
| Unrealized gain on fuel derivatives |
0
|
(699)
|
| Change in assets and liabilities |
|
|
| Inventories |
60,294
|
(100,940)
|
| Accounts payable |
(104,780)
|
(98,972)
|
| Operating lease liabilities |
(117,874)
|
(66,127)
|
| Current income taxes |
7,050
|
(8,856)
|
| Other current assets |
(3,985)
|
3,908
|
| Other current liabilities |
23,262
|
(20,432)
|
| Other assets |
(1,583)
|
107
|
| Other liabilities |
(830)
|
(3,780)
|
| Net cash used in operating activities |
(168,938)
|
(196,233)
|
| Investing activities: |
|
|
| Capital expenditures |
(16,861)
|
(43,741)
|
| Cash proceeds from sale of property and equipment |
4,386
|
2,505
|
| Other |
(6)
|
(5)
|
| Net cash used in investing activities |
(12,481)
|
(41,241)
|
| Financing activities: |
|
|
| Net proceeds from long-term debt |
200,200
|
267,300
|
| Net repayments of sale and leaseback financing |
(743)
|
0
|
| Payment of finance lease obligations |
(444)
|
(497)
|
| Dividends paid |
(9,587)
|
(10,705)
|
| Payment for treasury shares acquired |
(1,417)
|
(10,639)
|
| Net cash provided by financing activities |
188,009
|
245,459
|
| Increase in cash and cash equivalents |
6,590
|
7,985
|
| Cash and cash equivalents: |
|
|
| Beginning of period |
44,730
|
53,722
|
| End of period |
$ 51,320
|
$ 61,707
|