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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Aug. 03, 2019
USD ($)
Jul. 28, 2018
USD ($)
Jul. 29, 2017
USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net (loss) income including noncontrolling interests $ (284,883) $ 165,670 $ 130,155
Income from discontinued operations, net of tax 65,800 0 0
Net (loss) income from continuing operations (350,683) 165,670 130,155
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 246,825 87,631 86,051
Share-based compensation 25,551 25,783 25,675
Loss on disposal of assets 2,859 2,820 943
Gain associated with disposal of investment 0 (699) (6,106)
Closed property and other restructuring charges 26,875 0 640
Goodwill and asset impairments 292,770 11,242 0
Net pension and other postretirement benefit income (34,553) 0 0
Deferred income tax benefit (60,798) (14,819) (1,891)
LIFO charge 24,120 0 0
Change in accounting estimate 0 (20,909) 0
Provision for doubtful accounts 9,749 12,006 5,728
Loss on debt extinguishment 2,903 0 0
Excess tax deficit from share-based payment arrangements 0 0 1,320
Non-cash interest expense 12,751 275 175
Changes in operating assets and liabilities, net of acquired businesses      
Accounts receivable 52,735 (67,283) (38,757)
Inventories 177,094 (108,795) (6,929)
Prepaid expenses and other assets (43,167) 4,473 (6,383)
Accounts payable (40,149) 3,961 82,772
Accrued expenses, other liabilities and other (169,760) 7,682 (62)
Net cash provided by operating activities of continuing operations 175,122 109,038 273,331
Net cash provided by operating activities of discontinued operations 109,408 0 0
Net cash provided by operating activities 284,530 109,038 273,331
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (207,817) (44,608) (56,112)
Purchases of acquired businesses, net of cash acquired (2,292,435) (39) (9,207)
Proceeds from dispositions of assets 173,747 283 168
Proceeds from disposal of investments 0 756 9,192
Payments for long-term investment (110) (3,397) (2,000)
Payment of company owned life insurance premiums (170) 0 (2,000)
Net cash used in investing activities of continuing operations (2,326,785) (47,005) (59,959)
Net cash provided by investing activities of discontinued operations 67,998 0 0
Net cash used in investing activities (2,258,787) (47,005) (59,959)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowings of long-term debt 1,926,642 0 0
Proceeds from borrowings under revolving credit line 3,971,504 556,061 215,662
Proceeds from issuance of other loans 22,358 0 0
Repayments of borrowings under revolving credit line (3,101,679) (569,671) (418,693)
Repayments of long-term debt and capital lease obligations (779,909) (12,128) (11,546)
Repurchase of common stock 0 (24,231) 0
Proceeds from the issuance of common stock and exercise of stock options 23,975 975 274
Payment of employee restricted stock tax withholdings (2,727) (4,563) (1,313)
Excess tax deficit from share-based payment arrangements 0 0 (1,320)
Payments for debt issuance costs (62,600) 0 (180)
Net cash provided by (used in) financing activities of continuing operations 1,997,564 (53,557) (217,116)
Net cash used in by financing activities of discontinued operations (1,212) 0 0
Net cash provided by (used in) financing activities 1,996,352 (53,557) (217,116)
EFFECT OF EXCHANGE RATE ON CASH (143) (575) 565
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 21,952 7,901 (3,179)
Cash and cash equivalents at beginning of period 23,315 15,414 18,593
Cash and cash equivalents at end of period 45,267 23,315 15,414
Less: cash and cash equivalents of discontinued operations (2,917) 0 0
Cash and cash equivalents of continuing operations 42,350 23,315 15,414
Supplemental disclosures of cash flow information:      
Cash paid for interest 183,042 16,471 17,115
Cash paid for federal and state income taxes, net of refunds $ 77,676 $ 64,042 $ 78,984