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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
12 Months Ended
Jul. 31, 2020
USD ($)
Aug. 02, 2019
USD ($)
Aug. 03, 2018
USD ($)
Cash flows from operating activities:      
Net income (loss) $ (32,475) $ 223,401 $ 247,620
Net loss from unconsolidated subsidiary 142,442 0 0
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 118,178 107,537 93,692
Loss on disposition of property and equipment 6,469 10,265 7,119
Gain on sale and leaseback transaction (69,954) 0 0
Impairment 23,160 0 0
Share-based compensation 6,386 8,181 6,977
Noncash lease expense 63,442 0 0
Changes in assets and liabilities:      
Accounts receivable 3,124 (3,261) (1,380)
Income taxes receivable (19,403) (9,449) 4,265
Inventories 16,094 1,295 114
Prepaid expenses and other current assets 401 (1,985) (500)
Other assets (5,638) 2,852 (1,400)
Accounts payable (30,593) 9,889 3,937
Current operating lease liabilities (11,269) 0 0
Taxes withheld and accrued (7,019) 1,127 344
Accrued employee compensation (11,573) 7,311 (10,389)
Accrued employee benefits (550) (489) (1,343)
Deferred revenues 13,028 5,442 3,916
Other current liabilities 6,868 3,492 (8,121)
Long-term operating lease liabilities (48,854) 0 0
Other long-term obligations 10,673 1,362 157
Deferred income taxes (11,935) (4,174) (14,388)
Net cash provided by operating activities 161,002 362,796 330,620
Cash flows from investing activities:      
Purchase of property and equipment (297,328) (138,293) (152,249)
Proceeds from insurance recoveries of property and equipment 1,320 753 616
Proceeds from sale of property and equipment 207,253 151 411
Purchase of investment in unconsolidated subsidiary 0 (89,100) 0
Notes receivable from unconsolidated subsidiary (35,500) (15,085) 0
Acquisition of business, net of cash acquired (32,971) 0 0
Net cash used in investing activities (157,226) (241,574) (151,222)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt 801,395 400,000 0
(Taxes withheld) and proceeds from issuance of share-based compensation awards, net (2,160) (2,497) (3,816)
Principal payments under long-term debt (252,000) (400,000) 0
Purchases and retirement of common stock (55,007) 0 (14,772)
Deferred financing costs (1,348) (3,022) 0
Dividends on common stock (94,544) (193,475) (207,155)
Net cash provided by (used in) financing activities 396,336 (198,994) (225,743)
Net increase (decrease) in cash and cash equivalents 400,112 (77,772) (46,345)
Cash and cash equivalents, beginning of year 36,884 114,656 161,001
Cash and cash equivalents, end of year 436,996 36,884 114,656
Cash paid during the year for:      
Interest, net of amounts capitalized 20,268 12,100 17,272
Income taxes 5,666 56,450 43,471
Supplemental schedule of non-cash investing and financing activities:      
Capital expenditures accrued in accounts payable 1,691 9,508 8,183
Change in fair value of interest rate swaps (17,740) (15,466) 13,103
Change in deferred tax asset for interest rate swaps 4,307 3,868 (4,189)
Dividends declared but not yet paid $ 32,063 $ 32,859 $ 31,784