XML 45 R6.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net (loss) income $ (362,686) $ (41,301) $ 22,389
Adjustments to reconcile net (loss) income to cash provided by operating activities:      
Depreciation and amortization 264,775 287,377 228,667
Goodwill impairment charge 307,112 0 0
Share-based compensation expense 26,836 23,218 20,993
Loss (gain) on extinguishment of debt 1,101 (3,518) 0
Deferred income tax benefit (26,115) (23,648) (26,361)
Changes in operating lease right-of-use assets and lease liabilities 10,244 (47) 353
Gain from sales and dispositions of property and equipment (44,705) (34,882) (26,260)
Changes in operating assets and liabilities:      
Accounts receivable (94,550) 165,167 4,416
Merchandise inventories (26,228) 224,338 166,559
Accounts payable 65,187 30,997 13,652
Net change in other assets and liabilities 30,153 100,370 (91,544)
Other, net 10,371 12,639 12,142
Cash provided by operating activities 161,495 740,710 325,006
Investing activities:      
Acquisition, net of cash acquired     (1,684,607)
Additions to property and equipment (210,865) (190,870) (158,090)
Additions to computer software (17,297) (17,022) (8,492)
Proceeds from sales of property and equipment 103,426 71,574 48,383
Other, net 8,203 (936) (1,670)
Cash used for investing activities (116,533) (137,254) (1,804,476)
Financing activities:      
Borrowings under amended Receivables Financing Agreement 1,465,800 476,000 1,022,300
Repayments under amended Receivables Financing Agreement (1,465,800) (572,000) (1,156,300)
Borrowings under Revolving Credit Facility 635,800 0 0
Repayments under Revolving Credit Facility (635,800) 0 0
Repayments of debt (244,197) (320,693) (4,500)
Proceeds from issuance of debt 0 0 1,691,000
Borrowings under Receivables Financing Agreement 0 0 30,000
Financing costs paid 0 0 (42,602)
Other, net (23,406) (637) (42,793)
Cash (used for) provided by financing activities (267,603) (417,330) 1,497,105
Effect of exchange rate changes on cash, cash equivalents and restricted cash (901) 613 (3,485)
Net (decrease) increase in cash, cash equivalents and restricted cash (223,542) 186,739 14,150
Cash, cash equivalents and restricted cash at beginning of period 272,924 86,185 72,035
Cash, cash equivalents and restricted cash at end of period 49,382 272,924 86,185
Supplemental disclosure of cash flow information:      
Income taxes paid (received), net 5,553 (6,283) 33,973
Interest paid 141,547 153,247 107,022
Noncash investing activity:      
Unpaid purchases of property and equipment and computer software at end of period $ 84,562 $ 77,279 $ 67,852