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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
May 02, 2020
May 04, 2019
Cash flows from operating activities:    
Net loss $ (709.2) $ (303.5)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization expense 200.3 243.4
Deferred income tax provision (benefit) 14.9 (13.7)
Deferred rent and other costs recognized under prior lease accounting standard 0.0 (30.1)
Stock-based compensation expense 3.2 10.5
Impairment of goodwill 148.9 115.1
Impairment of intangible assets (excluding goodwill) [1] 88.2 25.0
Impairment of tangible assets 170.1 37.4
Income from equity method investments (11.0) 0.0
Non-cash interest expense 7.6 7.4
Gain on extinguishment of debt (28.5) 0.0
Gain on sale of property and equipment 0.0 (0.3)
Gain on sale of intangible assets (5.0) 0.0
Other non-cash income, net (12.9) (4.0)
Changes in operating assets and liabilities:    
Inventories 98.0 (118.2)
Accounts payable, accrued liabilities and income tax liabilities (51.5) (81.1)
Deferred income 15.8 33.0
Lease-related liabilities 0.0 8.3
Operating lease right-of-use assets and lease liabilities (8.0) 0.0
Other balance sheet changes, net 60.9 42.1
Cash flows provided by operating activities (18.2) (28.7)
Cash flows from investing activities:    
Capital expenditures (56.8) (103.8)
Proceeds from the sale of assets 0.0 1.0
Proceeds from sale of intangible assets 5.0 0.0
Cash flows used in investing activities (51.8) (102.8)
Cash flows from financing activities:    
Redemptions of term loan debt (49.4) 0.0
Proceeds from revolver borrowings 230.0 28.1
Repayments of revolver borrowings 0.0 (28.1)
Tax payments related to share-based awards 0.0 (0.6)
Proceeds from stock options exercised and employee stock purchases 0.1 0.6
Cash flows provided by financing activities 180.7 0.0
Net increase (decrease) in cash, cash equivalents and restricted cash 110.7 (131.5)
Cash, cash equivalents and restricted cash at beginning of period 329.2 240.1
Cash, cash equivalents and restricted cash at end of period $ 439.9 $ 108.6
[1] For the three and nine months ended May 2, 2020 and May 4, 2019, respectively, the maurices and Dressbarn businesses were classified as discontinued operations within the condensed consolidated financial statements. As a result, shared expenses of $18.3 million for the nine months ended May 2, 2020, as well as $47.8 million and $137.2 million for the three and nine months ended May 4, 2019, which were previously allocated to maurices and Dressbarn have been reallocated to the remaining operating units.