← DICK'S SPORTING GOODS, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $287.4m | $323.4m | $319.9m | $297.5m | $530.3m | $1.5b | $1.0b | $1.0b | $1.2b | $1.2b | $849.2m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $330.4m | $287.4m | $323.4m | $319.9m | $297.5m | $530.3m | $1.5b | $1.0b | $1.0b | $849.2m | $849.2m | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | $0 | $0 | $21.6m | $30.8m | $4.2m | $2.4m | $2.3m | — | |
| Amortization of Intangible Assets | $1.6m | $3.5m | $6.4m | $6.4m | $5.3m | $4.3m | $3.7m | $2.4m | $1.5m | $200k | — | |
| Amortization of deferred financing fees and debt discount | — | — | $0 | $0 | $21.6m | $30.8m | $4.2m | $2.4m | $2.3m | $11.7m | $11.7m | |
| Depreciation | $178.9m | $203.1m | $214.9m | $285.8m | $307.2m | $317.5m | $315.7m | $332.3m | $353.8m | $397.4m | $488.6m | |
| Depreciation and amortization | $193.6m | $233.8m | $237.7m | $243.8m | $326.0m | $326.0m | $322.6m | $365.5m | $393.9m | $400.4m | $488.6m | |
| Depreciation, Depletion and Amortization, Nonproduction | $193.6m | $233.8m | $237.7m | — | — | $322.6m | $322.6m | $365.5m | $393.9m | $400.4m | $488.6m | |
| Deferred Income Tax Expense (Benefit) | $9.2m | ($45.0m) | $42.5m | ($5.3m) | ($1.2m) | ($46.2m) | $16.5m | $23.1m | $3.3m | ($14.8m) | — | |
| Deferred income taxes | ($45.0m) | $42.5m | ($5.3m) | ($1.2m) | ($46.2m) | $16.5m | $23.1m | $3.3m | ($14.8m) | $99.8m | $99.8m | |
| Gain (Loss) on Sale of Assets and Asset Impairment Charges | — | — | — | $8.9m | $8.9m | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $4.6m | $0 | $0 | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $7.8m | $7.1m | $5.8m | $5.4m | $9.5m | $4.2m | $32.6m | $43.9m | $98.9m | $42.5m | — | |
| Share-based Payment Arrangement, Noncash Expense | $29.3m | $33.6m | $36.2m | $41.9m | $43.5m | $50.2m | $52.8m | $50.6m | $57.3m | $71.0m | — | |
| Gain (Loss) on Disposition of Business | — | — | $0 | $0 | $33.8m | $0 | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $200.5m | $171.0m | $177.9m | $112.1m | $110.2m | $181.5m | $474.6m | $340.6m | $271.6m | $353.7m | $292.7m | |
| Operating lease assets and liabilities | — | — | ($62.6m) | ($65.3m) | ($36.0m) | ($104.3m) | ($34.3m) | ($121.1m) | ($72.2m) | ($81.4m) | ($81.4m) | |
| Other Nonoperating Income (Expense) | ($305k) | $14.4m | $31.8m | ($2.6m) | $15.3m | $19.1m | $17.8m | $15.9m | $93.8m | $98.1m | $110.3m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Additional Financial Items | ||||||||||||
| Accounts payable | $59.9m | $124.6m | $125.6m | $94.2m | $199.3m | $37.8m | $14.0m | $20.4m | $185.9m | ($122.0m) | ($122.0m) | |
| Accounts receivable | ($4.1m) | ($208k) | $16.2m | $400k | $2.3m | $2.0m | ($13.6m) | ($4.2m) | ($11.9m) | ($18.0m) | ($18.0m) | |
| Accrued capital expenditures | $370.0m | $421.9m | $474.3m | $198.2m | $217.5m | $224.0m | $308.3m | $364.1m | $587.4m | $802.6m | — | |
| Accrued expenses | $64.5m | $13.6m | $21.4m | $37.8m | $108.4m | $61.3m | ($74.2m) | ($2.5m) | $58.9m | ($90.0m) | ($90.0m) | |
| Accrued property and equipment | $70.1m | $29.8m | $18.9m | $32.7m | $27.0m | $35.9m | $30.2m | $72.5m | $111.3m | $197.3m | $197.3m | |
| Accrued treasury stock | — | — | — | $0 | $0 | $31.7m | $0 | $0 | $5.0m | $0 | $0 | |
| Cash acquired from acquisition of Foot Locker, net of cash paid | ($118.8m) | ($9.0m) | $0 | $0 | $0 | — | — | $0 | $0 | $257.1m | $257.1m | |
| Cash paid for treasury stock | ($145.7m) | ($284.6m) | ($323.4m) | ($402.2m) | $0 | ($1.1b) | ($458.5m) | ($648.6m) | ($263.0m) | ($347.1m) | ($347.1m) | |
| Construction allowances provided by landlords | $179.9m | $101.7m | $27.7m | $38.0m | $56.7m | $40.2m | $36.1m | $67.1m | $76.3m | $161.7m | $161.7m | |
| Deferred revenue and other liabilities | $19.4m | $1.6m | ($4.3m) | $10.0m | $57.8m | $20.6m | $22.7m | $25.2m | $41.5m | $40.0m | $40.0m | |
| Goodwill | $200.6m | $245.1m | $250.5m | $250.5m | $245.9m | $245.9m | $245.9m | $245.9m | $245.9m | $245.9m | $864.0m | |
| Income taxes payable / receivable | $26.0m | ($39.3m) | $8.0m | ($9.3m) | $29.9m | ($23.1m) | $12.3m | $29.2m | ($26.2m) | ($11.6m) | ($11.6m) | |
| Increase (Decrease) in Accounts Payable | $34.2m | $59.9m | $124.6m | $125.6m | $94.2m | $199.3m | $37.8m | $14.0m | $20.4m | $185.9m | — | |
| Increase (Decrease) in Inventories | $136.4m | $84.7m | $71.8m | $94.1m | $377.6m | ($248.7m) | $344.0m | $533.3m | ($18.8m) | $501.0m | — | |
| Increase in bank overdraft | $17.4m | ($37.2m) | ($78.8m) | $17.5m | $57.2m | ($14.6m) | ($89.2m) | $48.7m | $23.1m | $17.0m | $17.0m | |
| Inventories | ($84.7m) | ($71.8m) | ($94.1m) | ($377.6m) | $248.7m | ($344.0m) | ($533.3m) | $18.8m | ($501.0m) | $181.3m | $181.3m | |
| Inventory Write-down | — | — | — | $13.1m | $13.1m | — | $700k | $700k | — | — | — | |
| Minimum tax withholding requirements | ($7.1m) | ($5.8m) | ($5.4m) | ($9.5m) | ($4.2m) | ($32.6m) | ($43.9m) | ($98.9m) | ($42.5m) | ($68.8m) | ($68.8m) | |
| Other, net | $721k | $5.3m | $934k | $934k | $0 | $0 | $15.3m | $9.3m | ($6.6m) | ($24.9m) | ($24.9m) | |
| Payment of bridge facility financing fees | — | — | — | — | — | — | — | $0 | $0 | ($7.9m) | ($7.9m) | |
| Payments on financing lease obligations | ($588k) | ($2.5m) | ($5.2m) | ($56.9m) | ($826k) | ($726k) | ($740k) | ($823k) | $0 | ($1.1m) | ($1.1m) | |
| Prepaid expenses and other assets | ($2.3m) | ($29.1m) | $11.0m | $6.4m | $3.9m | ($16.0m) | ($9.7m) | ($18.2m) | ($57.2m) | ($70.7m) | ($70.7m) | |
| Principal paid in connection with exchange of convertible senior notes | — | — | — | — | — | — | $515.9m | $137k | $0 | $0 | $0 | |
| Proceeds from Stock Options Exercised | $20.6m | $31.1m | $16.6m | $0 | $5.6m | $37.6m | $26.3m | $23.7m | $15.2m | $18.0m | — | |
| Proceeds from exercise of stock options | $31.1m | $16.6m | $0 | $5.6m | $37.6m | $26.3m | $23.7m | $15.2m | $18.0m | $1.5m | $1.5m | |
| Proceeds from sale of other assets | $0 | $0 | $0 | $49.1m | $0 | $9.7m | $14.3m | $27.5m | $11.9m | $0 | $0 | |
| Stock-based compensation | $33.6m | $36.2m | $41.9m | $43.5m | $50.2m | $52.8m | $50.6m | $57.3m | $71.0m | $123.7m | $123.7m | |
| Net Cash Provided by (Used in) Operating Activities | $759.0m | $759.0m | $746.3m | $712.8m | $404.6m | $1.6b | $1.6b | $921.9m | $1.5b | $1.3b | $1.5b | |
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $370.0m | $421.9m | $474.3m | $198.2m | $217.5m | $224.0m | $308.3m | $364.1m | $587.4m | $802.6m | ($1.1b) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $118.8m | $9.0m | $0 | — | — | — | — | $0 | $0 | — | |
| Other investing activities | — | — | — | — | — | ($45.4m) | ($43.1m) | ($54.8m) | ($5.9m) | ($174.4m) | ($174.4m) | |
| Net Cash Provided by (Used in) Investing Activities | ($550.3m) | ($550.3m) | ($485.6m) | ($198.2m) | ($129.3m) | ($224.2m) | ($344.0m) | ($392.9m) | ($614.7m) | ($796.6m) | ($1.1b) | |
| Cash flows from financing activities: | ||||||||||||
| Transaction costs for debt issuance | — | — | $0 | $0 | ($17.4m) | ($15.3m) | $0 | $0 | $0 | ($1.0m) | ($1.0m) | |
| Payments for Repurchase of Common Stock | $357.3m | $145.7m | $284.6m | $323.4m | $402.2m | $0 | $1.1b | $458.5m | $648.6m | $263.0m | — | |
| Payments of Ordinary Dividends, Common Stock | $64.7m | $68.0m | $73.1m | $89.3m | $98.3m | $107.4m | $603.0m | $163.1m | $351.2m | $361.7m | — | |
| Cash dividends paid to stockholders | ($68.0m) | ($73.1m) | ($89.3m) | ($98.3m) | ($107.4m) | ($603.0m) | ($163.1m) | ($351.2m) | ($361.7m) | ($413.9m) | ($414) | |
| Payments of Dividends | $64.7m | $68.0m | $73.1m | $89.3m | $98.3m | $107.4m | $603.0m | $163.1m | $351.2m | $361.7m | — | |
| Net Cash Provided by (Used in) Financing Activities | ($162.9m) | ($162.9m) | ($324.2m) | ($502.1m) | ($319.7m) | $260.1m | ($287.7m) | ($1.2b) | ($1.0b) | ($626.1m) | ($821.3m) | |
| EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | $47k | $54k | ($42k) | $0 | $71k | ($33k) | ($170k) | ($77k) | ($426k) | $1.7m | $1.7m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $47k | $54k | ($42k) | $0 | $71k | ($33k) | ($170k) | ($77k) | ($426k) | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $47k | $54k | ($42k) | ($44.3m) | $1.6b | $985.1m | ($718.8m) | ($123.2m) | ($111.3m) | — | |
| NET DECREASE IN CASH AND CASH EQUIVALENTS | $12.4m | ($44.3m) | $1.6b | $985.1m | ($718.8m) | ($123.2m) | ($111.3m) | ($336.7m) | ($336.7m) | |||
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | $118.9m | $164.8m | $101.3m | $113.7m | $1.7b | $2.6b | $1.9b | $1.8b | $1.7b | $1.4b | $1.4b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $69.3m | $69.3m | $1.7b | $2.6b | $1.9b | $1.8b | $1.7b | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $5.0m | $8.6m | $8.6m | $9.3m | $16.4m | $20.5m | $22.9m | $69.2m | $57.5m | $50.7m | $52.8m | |
| Cash paid during the fiscal year for income taxes | $196.7m | $185.8m | $114.0m | $123.7m | $203.1m | $487.8m | $306.6m | $243.2m | $399.5m | $255.8m | $255.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.