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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Apr. 27, 2019
Apr. 28, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) including noncontrolling interests $ (304,043) $ 132,882
Income from discontinued operations, net of tax 47,847 [1] 0
Net (loss) income from continuing operations (351,890) 132,882
Adjustments to reconcile net (loss) income from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and amortization 169,780 65,982
Share-based compensation 18,827 21,712
(Gain) loss on disposition of assets (1,147) 111
Gain associated with disposal of investments 0 699
Closed property and other restructuring charges 21,368 0
Goodwill and asset impairment charges 332,621 11,242
Net pension and other postretirement benefit income (22,691) 0
Deferred income taxes (65,552) (21,866)
LIFO charge 13,686 0
Change in accounting estimate 0 (20,909)
Provision for doubtful accounts 12,486 8,805
Loss on debt extinguishment 2,562 0
Non-cash interest expense 6,375 594
Changes in operating assets and liabilities, net of acquired businesses (130,051) (229,130)
Net cash provided by (used in) operating activities of continuing operations 6,374 (31,276)
Net cash provided by operating activities of discontinued operations 70,816 0
Net cash provided by (used in) operating activities 77,190 (31,276)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (136,953) (29,646)
Purchase of acquired businesses, net of cash acquired (2,282,327) (29)
Proceeds from dispositions of assets 169,274 47
Proceeds from disposal of investments 0 756
Long-term investment 110 3,397
Other 299 0
Net cash used in investing activities of continuing operations (2,249,817) (32,269)
Net cash provided by investing activities of discontinued operations 50,065 0
Net cash used in investing activities (2,199,752) (32,269)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from borrowings of long-term debt 1,912,178 0
Proceeds from borrowings under revolving credit line 3,313,014 500,061
Proceeds from issuance of other loans 22,719 0
Repayments of borrowings under revolving credit line (2,306,104) (394,671)
Repayments of long-term debt and capital lease obligations (736,949) (9,043)
Repurchase of common stock 0 (22,237)
Proceeds from the issuance of common stock and exercise of stock options 1,589 602
Payment of employee restricted stock tax withholdings (3,253) (4,522)
Payments for capitalized debt issuance costs (62,587) 0
Net cash provided by financing activities of continuing operations 2,140,607 70,190
Net cash used in financing activities of discontinued operations (254) 0
Net cash provided by financing activities 2,140,353 70,190
EFFECT OF EXCHANGE RATE CHANGES ON CASH (226) (301)
NET INCREASE IN CASH AND CASH EQUIVALENTS 17,565 6,344
Cash and cash equivalents, at beginning of period 23,315 15,414
Cash and cash equivalents, at end of period 40,880 21,758
Less: cash and cash equivalents of discontinued operations (3,019) 0
Cash and cash equivalents of continuing operations 37,861 21,758
Supplemental disclosures of cash flow information:    
Cash paid for interest 115,378 12,368
Cash paid for federal and state income taxes, net of refunds $ 71,643 $ 45,021
[1] These results reflect retail operations from the Supervalu acquisition date of October 22, 2018 to April 27, 2019.