DKS FY 2007 Earnings Report — DICK'S Sporting Goods, Inc. Revenue & Financial Results | Market Cap Arena

DICK'S Sporting Goods, Inc.DKS

FY 2007 Earnings

Reported March 27, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$3.9B	—	$3.1B	—	24.9%
Op. Income	$269M	—	$198M	—	36.0%
Gross Margin	29.8%	—	28.8%	—	1.0pp
Net Margin	4.0%	—	3.6%	—	0.4pp
EPS (Diluted)	$1.33	—	$1.01	—	31.7%
Free Cash Flow	$90M	—	$6M	—	1426.1%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$889M
Other Expenses	$0
Operating Expenses	$889M
Cost & Expenses	$3.6B
OPERATING INCOME	$269M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$258M
Income Tax Expense	$102M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$75M
EBIT	$269M
EBITDA	$344M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$889M
Other Expenses	$0
Operating Expenses	$889M
Cost & Expenses	$3.6B
OPERATING INCOME	$269M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$258M
Income Tax Expense	$102M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$75M
EBIT	$269M
EBITDA	$344M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$155M
Depreciation & Amortization	$75M
Stock-Based Compensation	$29M
Deferred Income Tax	-$33M
Other Non-Cash Items	$2M
Change in Working Capital	$63M
OPERATING CASH FLOW	$263M
Capital Expenditure	-$172M
Acquisitions (Net)	-$291M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$28M
NET CASH FROM INVESTING	-$435M
Net Debt Issuance	$4M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$48M
NET CASH FROM FINANCING	$87M
FREE CASH FLOW	$90M
Net Change in Cash	-$86M

Balance Sheet

Item	Amount
Cash & Equivalents	$50M
Short-Term Investments	$0
Net Receivables	$62M
Inventory	$887M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$556M
Goodwill	$304M
Intangible Assets	$80M
Long-Term Investments	$0
Tax Assets	$6M
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$966M
TOTAL ASSETS	$2.0B
Account Payables	$366M
Short-Term Debt	$250.0K
Deferred Revenue	$105M
Other Current Liabilities	$63M
TOTAL CURRENT LIABILITIES	$762M
Long-Term Debt	$181M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$204M
TOTAL NON-CURRENT LIABILITIES	$385M
TOTAL LIABILITIES	$1.1B
Common Stock	$1M
Additional Paid-In Capital	$416M
Retained Earnings	$469M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$889M
Minority Interest	$0
TOTAL EQUITY	$889M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$181M
Net Debt	$131M