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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
May 01, 2020
May 03, 2019
Cash flows from operating activities:    
Net income (loss) $ (57,541) $ 158,376
Net loss from unconsolidated subsidiary 142,442 0
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 88,292 78,499
Loss on disposition of property and equipment 5,083 7,522
Impairment 19,000 0
Share-based compensation 4,171 5,672
Noncash lease expense 47,045 0
Changes in assets and liabilities:    
Inventories 8,906 3,671
Other current assets 3,075 (5,158)
Accounts payable (46,045) (7,015)
Accrued employee compensation (37,650) 1,161
Other current liabilities (11,759) 5,661
Long-term operating lease liabilities (36,350) 0
Deferred income taxes (39,544) (21)
Other long-term assets and liabilities (1,893) 4,218
Net cash provided by operating activities 87,232 252,586
Cash flows from investing activities:    
Purchase of property and equipment (83,631) (103,862)
Proceeds from insurance recoveries of property and equipment 986 603
Proceeds from sale of property and equipment 1,827 134
Notes receivable from unconsolidated subsidiary (35,500) 0
Acquisition of business, net of cash acquired (32,971) 0
Net cash used in investing activities (149,289) (103,125)
Cash flows from financing activities:    
Proceeds from issuance of long-term debt 762,000 400,000
Taxes withheld from issuance of share-based compensation awards (2,005) (2,220)
Principal payments under long-term debt (222,000) (400,000)
Purchases and retirement of common stock (55,007) 0
Deferred financing costs 0 (3,022)
Dividends on common stock (94,485) (91,290)
Net cash provided by (used in) financing activities 388,503 (96,532)
Net increase in cash and cash equivalents 326,446 52,929
Cash and cash equivalents, beginning of period 36,884 114,656
Cash and cash equivalents, end of period 363,330 167,585
Cash paid during the period for:    
Interest, net of amounts capitalized 12,927 11,881
Income taxes 5,277 31,129
Supplemental schedule of non-cash investing and financing activities:    
Capital expenditures accrued in accounts payable [1] 2,159 4,980
Change in fair value of interest rate swaps [1] (16,591) (6,629)
Change in deferred tax asset for interest rate swaps [1] 4,050 1,663
Dividends declared but not yet paid [1] $ 32,068 $ 31,106
[1] *See Note 11 for additional supplemental disclosures related to leases