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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Sep. 02, 2023
Aug. 27, 2022
Operating activities:    
Net loss $ (1,316,203) $ (418,157)
Adjustments to reconcile to net cash used in operating activities:    
Depreciation and amortization 134,924 138,637
Facility exit and impairment charges 320,217 89,092
Goodwill and intangible asset impairment charges 446,990 252,200
LIFO charge 15,000 10,121
Gain on sale of assets, net (32,280) (58,197)
Change in allowances for uncollectible accounts receivable (19,959) (1,671)
Stock-based compensation expense 2,149 8,069
Gain on debt modifications and retirements, net (41,312)
Changes in deferred taxes 6,133
Changes in operating assets and liabilities:    
Accounts receivable (303,973) (211,673)
Inventories (108,129) (77,405)
Accounts payable (34,299) (43,343)
Operating lease right-of-use assets and operating lease liabilities (33,978) (31,713)
Other assets (88,771) (10,870)
Other liabilities 205,151 (61,372)
Net cash used in operating activities (813,161) (451,461)
Investing activities:    
Payments for property, plant and equipment (76,869) (122,243)
Intangible assets acquired (15,217) (15,356)
Proceeds from dispositions of assets and investments 29,125 41,003
Proceeds from sale-leaseback transactions 5,454 45,986
Net cash used in investing activities (57,507) (50,610)
Financing activities:    
Net proceeds from revolver 837,000 677,000
Principal payments on long-term debt (1,978) (152,011)
Change in zero balance cash accounts (27,939) (12,931)
Financing fees paid for early debt redemption (51) (881)
Payments for taxes related to net share settlement of equity awards (227) (2,019)
Deferred financing costs paid (362)
Net cash provided by financing activities 806,443 509,158
(Decrease) increase in cash and cash equivalents (64,225) 7,087
Cash and cash equivalents, beginning of period 157,151 39,721
Cash and cash equivalents, end of period $ 92,926 $ 46,808