DKS FY 2018 Earnings Report — DICK'S Sporting Goods, Inc. Revenue & Financial Results | Market Cap Arena

DICK'S Sporting Goods, Inc.DKS

FY 2018 Earnings

Reported March 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$8.4B	—	$8.6B	—	-1.8%
Op. Income	$445M	—	$478M	—	-6.9%
Gross Margin	28.9%	—	29.0%	—	-0.1pp
Net Margin	3.8%	—	3.8%	—	0.0pp
EPS (Diluted)	$3.24	—	$3.01	—	7.6%
Free Cash Flow	$515M	—	$272M	—	89.2%

Revenue Flow

Item	Amount
REVENUE	$8.4B
Cost of Revenue	$6.0B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$322M
General & Administrative	$1.7B
SG&A Expenses	$2.0B
Other Expenses	-$3M
Operating Expenses	$2.0B
Cost & Expenses	$8.0B
OPERATING INCOME	$445M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$432M
Income Tax Expense	$112M
Net Income from Continuing Ops	$320M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$320M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$320M
D&A	$307M
EBIT	$445M
EBITDA	$749M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$8.4B
Cost of Revenue	$6.0B
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$322M
General & Administrative	$1.7B
SG&A Expenses	$2.0B
Other Expenses	-$3M
Operating Expenses	$2.0B
Cost & Expenses	$8.0B
OPERATING INCOME	$445M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$432M
Income Tax Expense	$112M
Net Income from Continuing Ops	$320M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$320M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$320M
D&A	$307M
EBIT	$445M
EBITDA	$749M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$320M
Depreciation & Amortization	$307M
Stock-Based Compensation	$42M
Deferred Income Tax	-$5M
Other Non-Cash Items	-$63M
Change in Working Capital	$111M
OPERATING CASH FLOW	$713M
Capital Expenditure	-$198M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$198M
Net Debt Issuance	-$84M
Common Stock Repurchased	-$323M
Common Dividends Paid	-$89M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$502M
FREE CASH FLOW	$515M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$114M
Short-Term Investments	$0
Net Receivables	$44M
Inventory	$1.8B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$1.6B
Goodwill	$250M
Intangible Assets	$130M
Long-Term Investments	$0
Tax Assets	$13M
Other Non-Current Assets	$106M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$4.2B
Account Payables	$890M
Short-Term Debt	$5M
Deferred Revenue	$156M
Other Current Liabilities	$69M
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$52M
Deferred Revenue NC	$99M
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$616M
TOTAL NON-CURRENT LIABILITIES	$778M
TOTAL LIABILITIES	$2.3B
Common Stock	$938.0K
Additional Paid-In Capital	$1.2B
Retained Earnings	$2.5B
Treasury Stock	-$1.8B
Accum. Other Comp. Income	-$120.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$60M
Net Debt	-$54M