DKS Q4 2016 Earnings Report — DICK'S Sporting Goods, Inc. Revenue & Financial Results | Market Cap Arena

DICK'S Sporting Goods, Inc.DKS

Q4 2016 Earnings

Reported March 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$2.5B	$1.8B	—	37.2%	—
Op. Income	$138M	$74M	—	87.4%	—
Gross Margin	29.0%	30.5%	—	-1.6pp	—
Net Margin	3.6%	2.7%	—	0.9pp	—
EPS (Diluted)	$0.81	$0.44	—	84.1%	—
Free Cash Flow	$460M	-$137M	—	434.9%	—

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$720M
R&D Expenses	$0
Selling & Marketing	$305M
General & Administrative	$271M
SG&A Expenses	$576M
Other Expenses	$7M
Operating Expenses	$541M
Cost & Expenses	$2.3B
OPERATING INCOME	$138M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$5M
INCOME BEFORE TAX	$143M
Income Tax Expense	$53M
Net Income from Continuing Ops	$90M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$90M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$90M
D&A	$85M
EBIT	$145M
EBITDA	$230M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$720M
R&D Expenses	$0
Selling & Marketing	$305M
General & Administrative	$271M
SG&A Expenses	$576M
Other Expenses	$7M
Operating Expenses	$541M
Cost & Expenses	$2.3B
OPERATING INCOME	$138M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	$5M
INCOME BEFORE TAX	$143M
Income Tax Expense	$53M
Net Income from Continuing Ops	$90M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$90M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$90M
D&A	$85M
EBIT	$145M
EBITDA	$230M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$90M
Depreciation & Amortization	$85M
Stock-Based Compensation	$9M
Deferred Income Tax	-$48M
Other Non-Cash Items	-$1M
Change in Working Capital	$440M
OPERATING CASH FLOW	$575M
Capital Expenditure	-$115M
Acquisitions (Net)	-$119M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$32M
NET CASH FROM INVESTING	-$201M
Net Debt Issuance	-$255M
Common Stock Repurchased	-$30M
Common Dividends Paid	-$17M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$294M
FREE CASH FLOW	$460M
Net Change in Cash	$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$165M
Short-Term Investments	$0
Net Receivables	$78M
Inventory	$1.6B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$1.5B
Goodwill	$245M
Intangible Assets	$141M
Long-Term Investments	$0
Tax Assets	$46M
Other Non-Current Assets	$108M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$4.1B
Account Payables	$756M
Short-Term Debt	$646.0K
Deferred Revenue	$179M
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$5M
Deferred Revenue NC	$103M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$624M
TOTAL NON-CURRENT LIABILITIES	$731M
TOTAL LIABILITIES	$2.1B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$2.0B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	-$132.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$5M
Net Debt	-$159M