DKS Q2 2016 Earnings Report — DICK'S Sporting Goods, Inc. Revenue & Financial Results | Market Cap Arena

DICK'S Sporting Goods, Inc.DKS

Q2 2016 Earnings

Reported August 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$2.0B	$1.7B	—	18.5%	—
Op. Income	$147M	$91M	—	62.2%	—
Gross Margin	30.4%	29.9%	—	0.5pp	—
Net Margin	4.6%	3.4%	—	1.2pp	—
EPS (Diluted)	$0.82	$0.50	—	64.0%	—
Free Cash Flow	$103M	-$89M	—	216.3%	—

Revenue Flow

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$597M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$442M
Other Expenses	$2M
Operating Expenses	$450M
Cost & Expenses	$1.8B
OPERATING INCOME	$147M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$312.0K
INCOME BEFORE TAX	$147M
Income Tax Expense	$56M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$49M
EBIT	$149M
EBITDA	$196M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.0B
Cost of Revenue	$1.4B
GROSS PROFIT	$597M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$442M
Other Expenses	$2M
Operating Expenses	$450M
Cost & Expenses	$1.8B
OPERATING INCOME	$147M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$312.0K
INCOME BEFORE TAX	$147M
Income Tax Expense	$56M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$49M
EBIT	$149M
EBITDA	$196M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$49M
Stock-Based Compensation	$8M
Deferred Income Tax	-$1M
Other Non-Cash Items	$180.0K
Change in Working Capital	$76M
OPERATING CASH FLOW	$223M
Capital Expenditure	-$120M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$23M
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	$14M
Common Stock Repurchased	-$57M
Common Dividends Paid	-$17M
Other Financing Activities	$235.0K
NET CASH FROM FINANCING	-$60M
FREE CASH FLOW	$103M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$112M
Short-Term Investments	$0
Net Receivables	$147M
Inventory	$1.7B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$1.5B
Goodwill	$201M
Intangible Assets	$130M
Long-Term Investments	$0
Tax Assets	$5M
Other Non-Current Assets	$92M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$4.0B
Account Payables	$790M
Short-Term Debt	$612.0K
Deferred Revenue	$154M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$157M
Deferred Revenue NC	$671M
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$842M
TOTAL LIABILITIES	$2.2B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.9B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$125.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$158M
Net Debt	$45M