XML 50 R9.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Nov. 30, 2019
Dec. 01, 2018
Operating activities:    
Net income (loss) $ (127,453) $ (149,234)
Net (loss) income from discontinued operations, net of tax (1,695) 262,091
Net income (loss) from continuing operations (125,758) (411,325)
Adjustments to reconcile to net cash provided by operating activities of continuing operations :    
Depreciation and amortization 248,977 270,957
Lease termination and impairment charges 2,115 52,096
Goodwill and intangible asset impairment charges   375,190
LIFO (credit) charge 7,553 19,311
Gain on sale of assets, net (5,670) (11,206)
Stock-based compensation expense 13,598 11,563
(Gain) loss on debt retirements, net (55,692) 554
Changes in deferred taxes 26,979 (126,102)
Changes in operating assets and liabilities:    
Accounts receivable 99,498 (5,437)
Inventories (92,657) (78,489)
Accounts payable (38,245) 181,497
Operating lease right-of-use assets and operating lease liabilities 22,803  
Other assets (42,715) (12,304)
Other liabilities 32,889 (216,086)
Net cash provided by operating activities of continuing operations 93,675 50,219
Investing activities:    
Payments for property, plant and equipment (129,135) (139,218)
Intangible assets acquired (33,435) (31,573)
Proceeds from dispositions of assets and investments 55,971 15,801
Proceeds from sale-leaseback transactions   2,587
Net cash used in investing activities of continuing operations (106,599) (152,403)
Financing activities:    
Net proceeds from revolver 260,000 1,245,000
Principal payments on long-term debt (104,702) (437,597)
Change in zero balance cash accounts (11,749) (15,964)
Net proceeds from issuance of common stock   2,294
Payments for taxes related to net share settlement of equity awards (1,573) (2,419)
Financing fees paid for early debt redemption (518) (13)
Deferred financing costs paid (315)  
Net cash provided by financing activities of continuing operations 141,143 791,301
Cash flows from discontinued operations:    
Operating activities of discontinued operations (7,148) (47,268)
Investing activities of discontinued operations 24,074 664,653
Financing activities of discontinued operations 0 (1,343,793)
Net cash provided by (used in) discontinued operations 16,926 (726,408)
Increase (decrease) in cash and cash equivalents 145,145 (37,291)
Cash and cash equivalents, beginning of period 144,353 447,334
Cash and cash equivalents, end of period $ 289,498 $ 410,043