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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
May 02, 2020
Apr. 27, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss including noncontrolling interests $ (323,099) $ (304,043)
Income from discontinued operations, net of tax 64,253 47,847 [1]
Net loss from continuing operations (387,352) (351,890)
Adjustments to reconcile net loss from continuing operations to net cash used in operating activities:    
Depreciation and amortization 214,002 169,780
Share-based compensation 15,088 18,827
Loss (gain) on disposition of assets 1,784 (1,147)
Closed property and other restructuring charges 24,976 21,368
Goodwill and asset impairment charges 425,405 332,621
Net pension and other postretirement benefit income (27,419) (22,691)
Deferred income tax benefit (17,381) (65,552)
LIFO charge 19,256 13,686
Provision for doubtful accounts, net 44,238 12,486
Loss on debt extinguishment 73 2,562
Non-cash interest expense 10,993 6,375
Changes in operating assets and liabilities, net of acquired businesses (12,525) (130,051)
Net cash provided by operating activities of continuing operations 311,138 6,374
Net cash provided by operating activities of discontinued operations 141,141 70,816
Net cash provided by operating activities 452,279 77,190
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (118,245) (136,953)
Purchases of acquired businesses, net of cash acquired 0 (2,282,327)
Proceeds from dispositions of assets 19,592 169,274
Proceeds from disposal of investments 9,434 0
Payments for long-term investment 0 (110)
Payments of company owned life insurance premiums (1,335) 0
Other (1,045) 299
Net cash used in investing activities of continuing operations (91,599) (2,249,817)
Net cash provided by investing activities of discontinued operations 18,569 50,065
Net cash used in investing activities (73,030) (2,199,752)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings of long-term debt 2,050 1,912,178
Proceeds from borrowings under revolving credit line 3,244,573 3,313,014
Proceeds from issuance of other loans 6,266 22,719
Repayments of borrowings under revolving credit line (3,508,573) (2,306,104)
Repayments of long-term debt and finance leases (111,923) (736,949)
Proceeds from the issuance of common stock and exercise of stock options 5,662 1,589
Payment of employee restricted stock tax withholdings (1,015) (3,253)
Payments for debt issuance costs 0 (62,587)
Net cash (used in) provided by financing activities of continuing operations (362,960) 2,140,607
Net cash used in financing activities of discontinued operations (2,525) (254)
Net cash (used in) provided by financing activities (365,485) 2,140,353
EFFECT OF EXCHANGE RATE CHANGES ON CASH (290) (226)
NET INCREASE IN CASH AND CASH EQUIVALENTS 13,474 17,565
Cash and cash equivalents, at beginning of period 45,263 23,315
Cash and cash equivalents at end of period 58,737 40,880
Less: cash and cash equivalents of discontinued operations (2,312) (3,019)
Cash and cash equivalents 56,425 37,861
Supplemental disclosures of cash flow information:    
Cash paid for interest 139,040 115,378
Cash (refunds) payments for federal and state income taxes, net $ (24,236) $ 71,643
[1]
These results reflect retail operations from the Supervalu acquisition date of October 22, 2018 to April 27, 2019.