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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Operating activities:    
Net income $ 67,884 $ 135,486
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 97,286 45,501
Share-based compensation expense 11,210 13,040
Loss on extinguishment of debt 0 40,433
Provision for losses on accounts receivable 4,512 15,777
Deferred income tax expense (benefit) 1,601 (11,293)
Changes in operating lease right-of-use assets and lease liabilities 606 826
Loss on sale and dispositions of property and equipment 226 0
Changes in operating assets and liabilities:    
Accounts receivable 16,275 (57,256)
Merchandise inventories (24,438) (298,294)
Accounts payable 12,349 127,473
Net change in other assets and liabilities (23,945) (3,363)
Other, net 5,958 4,076
Cash provided by operating activities 169,524 12,406
Investing activities:    
Acquisition, net of cash acquired (1,684,607) 0
Additions to property and equipment (62,236) (14,630)
Additions to computer software (3,463) (4,051)
Proceeds from sale of property and equipment 5,846 22
Other, net (839) 0
Cash used for investing activities (1,745,299) (18,659)
Financing activities:    
Proceeds from issuance of debt 1,691,000 500,000
Borrowings under revolving credit facility, net and accounts receivable securitization program 30,000 5,000
Repayments of debt (1,500) (523,140)
Borrowings under amended accounts receivable securitization program 347,800 0
Repayments under amended accounts receivable securitization program (402,800) 0
Financing costs paid (41,479) (12,868)
Cash dividends paid 0 (364)
Payment for termination of interest rate swaps 0 (15,434)
Other, net (42,388) (17,982)
Cash provided by (used for) financing activities 1,580,633 (64,788)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (3,864) (1,718)
Net increase (decrease) in cash, cash equivalents and restricted cash 994 (72,759)
Cash, cash equivalents and restricted cash at beginning of period 72,035 134,506
Cash, cash equivalents and restricted cash at end of period 73,029 61,747
Supplemental disclosure of cash flow information:    
Income taxes paid, net of refunds 25,782 68,030
Interest paid 32,417 17,768
Noncash investing activity:    
Unpaid purchases of property and equipment at end of period $ 56,429 $ 0