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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net (loss) income $ (41,301) $ 22,389 $ 221,589
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 287,377 228,667 90,621
Share-based compensation expense 23,218 20,993 25,016
(Gain) loss on extinguishment of debt (3,518) 0 40,433
Deferred income tax benefit (23,648) (26,361) (29,736)
(Benefit) provision for losses on accounts receivable (1,414) 3,315 21,158
Changes in operating lease right-of-use assets and lease liabilities (47) 353 1,463
Gain on sale and dispositions of property and equipment (34,882) (26,260) 0
Changes in operating assets and liabilities, net of acquisitions:      
Accounts receivable 166,581 1,101 (2,201)
Merchandise inventories 224,338 166,559 (263,439)
Accounts payable 30,997 13,652 3,548
Net change in other assets and liabilities 100,370 (91,544) 692
Other, net 12,639 12,142 15,033
Cash provided by operating activities 740,710 325,006 124,177
Investing activities:      
Acquisition, net of cash acquired 0 (1,684,607) 0
Additions to property and equipment (190,870) (158,090) (40,985)
Additions to computer software (17,022) (8,492) (8,705)
Proceeds from sale of property and equipment 71,574 48,383 0
Other, net (936) (1,670) (3,940)
Cash used for investing activities (137,254) (1,804,476) (53,630)
Financing activities:      
Borrowings under amended Receivables Financing Agreement 476,000 1,022,300 0
Repayments under amended Receivables Financing Agreement (572,000) (1,156,300) 0
Repayments of debt (320,693) (4,500) (553,140)
Proceeds from issuance of debt 0 1,691,000 574,900
Borrowings (repayments) under revolving credit facility, net and Receivables Financing Agreement 0 30,000 (103,200)
Financing costs paid 0 (42,602) (13,912)
Cash dividends paid 0 0 (731)
Payment for termination of interest rate swaps 0 0 (15,434)
Other, net (637) (42,793) (17,961)
Cash (used for) provided by financing activities (417,330) 1,497,105 (129,478)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 613 (3,485) (3,540)
Net increase in cash, cash equivalents and restricted cash 186,739 14,150 (62,471)
Cash, cash equivalents and restricted cash at beginning of period 86,185 72,035 134,506
Cash, cash equivalents and restricted cash at end of period 272,924 86,185 72,035
Supplemental disclosure of cash flow information:      
Income taxes (received) paid, net (6,283) 33,973 99,400
Interest paid 153,247 107,022 38,717
Noncash investing activity:      
Unpaid purchases of property and equipment and computer software at end of period $ 77,279 $ 67,852 $ 0