XML 18 R6.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities:    
Net (loss) income $ (59,085) $ 80,381
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Depreciation and amortization 216,640 155,438
Share-based compensation expense 17,417 15,765
(Benefit) provision for losses on accounts receivable (487) 5,289
Gain on extinguishment of debt (4,379) 0
Deferred income tax (benefit) provision (16,315) 2,991
Changes in operating lease right-of-use assets and lease liabilities (1,517) 922
Gain on sale and dispositions of property and equipment (26,462) (17,002)
Changes in operating assets and liabilities, net of acquisitions:    
Accounts receivable 77,197 7,417
Merchandise inventories 247,057 (6,823)
Accounts payable 46,338 30,424
Net change in other assets and liabilities 122,867 (45,423)
Other, net 9,674 8,666
Cash provided by operating activities 628,945 238,045
Investing activities:    
Acquisition, net of cash acquired 0 (1,684,607)
Additions to property and equipment (140,478) (109,275)
Additions to computer software (11,089) (5,873)
Proceeds from sale of property and equipment 53,645 29,720
Other, net (418) (1,670)
Cash used for investing activities (98,340) (1,771,705)
Financing activities:    
Borrowings under amended Receivables Financing Agreement 476,000 697,700
Repayments under amended Receivables Financing Agreement (572,000) (770,700)
Repayments of debt (270,189) (3,000)
Proceeds from issuance of debt 0 1,691,000
Borrowings under revolving credit facility, net and Receivables Financing Agreement 0 30,000
Financing costs paid 0 (42,602)
Other, net 74 (41,813)
Cash (used for) provided by financing activities (366,115) 1,560,585
Effect of exchange rate changes on cash, cash equivalents and restricted cash (515) (5,752)
Net increase in cash, cash equivalents and restricted cash 163,975 21,173
Cash, cash equivalents and restricted cash at beginning of period 86,185 72,035
Cash, cash equivalents and restricted cash at end of period 250,160 93,208
Supplemental disclosure of cash flow information:    
Income taxes (received) paid, net (6,798) 33,568
Interest paid 101,079 61,889
Noncash investing activity:    
Unpaid purchases of property and equipment and computer software at end of period $ 60,870 $ 63,158