$DKS
DICK'S SPORTING GOODS, INC.

2011 Q3 Form 10-Q Financial Statement

#000110465911048479 Filed on August 24, 2011

View on sec.gov

Income Statement

Concept 2011 Q3 2010 Q3
Revenue $1.307B $1.226B
YoY Change 6.58% 8.81%
Cost Of Revenue $905.6M $865.9M
YoY Change 4.58% 6.0%
Gross Profit $401.1M $360.1M
YoY Change 11.36% 16.21%
Gross Profit Margin 30.69% 29.37%
Selling, General & Admin $289.4M $271.4M
YoY Change 6.64% 12.93%
% of Gross Profit 72.16% 75.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.90M $26.30M
YoY Change 6.08% 0.77%
% of Gross Profit 6.96% 7.3%
Operating Expenses $289.4M $271.4M
YoY Change 6.64% 12.98%
Operating Profit $111.7M $88.06M
YoY Change 26.84% 26.34%
Interest Expense $10.40M $3.502M
YoY Change 196.97% -418.36%
% of Operating Profit 9.31% 3.98%
Other Income/Expense, Net -$500.0K -$646.0K
YoY Change -22.6% -164.6%
Pretax Income $121.6M $83.91M
YoY Change 44.91% 31.73%
Income Tax $47.70M $32.39M
% Of Pretax Income 39.23% 38.61%
Net Earnings $73.85M $51.52M
YoY Change 43.35% 32.43%
Net Earnings / Revenue 5.65% 4.2%
Basic Earnings Per Share $0.61 $0.44
Diluted Earnings Per Share $0.59 $0.43
COMMON SHARES
Basic Shares Outstanding 120.2M shares 115.8M shares
Diluted Shares Outstanding 125.8M shares 121.0M shares

Balance Sheet

Concept 2011 Q3 2010 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $626.4M $278.2M
YoY Change 125.16% 442.3%
Cash & Equivalents $626.4M $278.2M
Short-Term Investments
Other Short-Term Assets $76.90M $68.60M
YoY Change 12.1% 9.94%
Inventory $1.027B $985.8M
Prepaid Expenses
Receivables $55.60M $45.50M
Other Receivables $1.600M $6.900M
Total Short-Term Assets $1.787B $1.385B
YoY Change 29.05% 26.82%
LONG-TERM ASSETS
Property, Plant & Equipment $737.5M $677.8M
YoY Change 8.81% 13.25%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.000M $10.80M
YoY Change -90.74% 92.86%
Other Assets $85.90M $112.9M
YoY Change -23.91% 5.22%
Total Long-Term Assets $1.076B $1.050B
YoY Change 2.52% 9.53%
TOTAL ASSETS
Total Short-Term Assets $1.787B $1.385B
Total Long-Term Assets $1.076B $1.050B
Total Assets $2.863B $2.435B
YoY Change 17.61% 18.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $553.1M $532.0M
YoY Change 3.97% 16.79%
Accrued Expenses $284.5M $252.8M
YoY Change 12.54% 17.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.000M $1.000M
YoY Change 0.0% 66.67%
Total Short-Term Liabilities $955.1M $876.9M
YoY Change 8.92% 16.62%
LONG-TERM LIABILITIES
Long-Term Debt $139.4M $140.8M
YoY Change -0.99% 7.07%
Other Long-Term Liabilities $258.8M $228.2M
YoY Change 13.41% 9.34%
Total Long-Term Liabilities $398.2M $369.0M
YoY Change 7.91% 8.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $955.1M $876.9M
Total Long-Term Liabilities $398.2M $369.0M
Total Liabilities $1.353B $1.246B
YoY Change 8.61% 14.08%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.510B $1.189B
YoY Change
Total Liabilities & Shareholders Equity $2.863B $2.435B
YoY Change 17.61% 18.74%

Cashflow Statement

Concept 2011 Q3 2010 Q3
OPERATING ACTIVITIES
Net Income $73.85M $51.52M
YoY Change 43.35% 32.43%
Depreciation, Depletion And Amortization $27.90M $26.30M
YoY Change 6.08% 0.77%
Cash From Operating Activities $140.5M $80.40M
YoY Change 74.75% -28.21%
INVESTING ACTIVITIES
Capital Expenditures -$59.00M -$37.30M
YoY Change 58.18% 65.04%
Acquisitions
YoY Change
Other Investing Activities $17.20M $5.900M
YoY Change 191.53% -43.27%
Cash From Investing Activities -$41.80M -$31.40M
YoY Change 33.12% 157.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.700M 22.30M
YoY Change -121.08% -123.67%
NET CHANGE
Cash From Operating Activities 140.5M 80.40M
Cash From Investing Activities -41.80M -31.40M
Cash From Financing Activities -4.700M 22.30M
Net Change In Cash 94.00M 71.30M
YoY Change 31.84% 1173.21%
FREE CASH FLOW
Cash From Operating Activities $140.5M $80.40M
Capital Expenditures -$59.00M -$37.30M
Free Cash Flow $199.5M $117.7M
YoY Change 69.5% -12.56%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120713000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115485000 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.67
us-gaap Net Income Loss
NetIncomeLoss
77725000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
50358000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
128083000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
43000 USD
us-gaap Interest Expense
InterestExpense
7010000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
135050000 USD
us-gaap Pre Opening Costs
PreOpeningCosts
2795000 USD
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
1611229000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
2273595000 USD
CY2010Q3 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
865918000 USD
us-gaap Net Income Loss
NetIncomeLoss
111346000 USD
us-gaap Gross Profit
GrossProfit
731518000 USD
CY2010Q3 us-gaap Sales Revenue Net
SalesRevenueNet
1226063000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-13907000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
12511000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
524521000 USD
us-gaap Gross Profit
GrossProfit
662366000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
6220000 USD
us-gaap Tax Benefit From Stock Options Exercised
TaxBenefitFromStockOptionsExercised
446000 USD
CY2011Q3 us-gaap Gross Profit
GrossProfit
401075000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-774000 USD
CY2010Q3 us-gaap Gross Profit
GrossProfit
360145000 USD
CY2010Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
271372000 USD
CY2010Q3 us-gaap Pre Opening Costs
PreOpeningCosts
715000 USD
CY2010Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
88058000 USD
CY2010Q3 us-gaap Interest Expense
InterestExpense
3502000 USD
CY2010Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-646000 USD
CY2010Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
83910000 USD
CY2010Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32394000 USD
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
73848000 USD
CY2010Q3 us-gaap Net Income Loss
NetIncomeLoss
51516000 USD
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.44
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.43
CY2010Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115815000 shares
CY2010Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121039000 shares
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
121594000 USD
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
111691000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
183659000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
176132000 USD
CY2010Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
278169000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
3696000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
90023000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
6453000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
74009000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-15212000 USD
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
5608000 USD
us-gaap Increase Decrease In Other Deferred Liability
IncreaseDecreaseInOtherDeferredLiability
-25859000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
125978000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
66671000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
61611000 USD
us-gaap Sale Leaseback Transaction Net Proceeds
SaleLeasebackTransactionNetProceeds
5874000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
77464000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
104756000 USD
CY2010Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
50030000 USD
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
65222000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
5000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-266000 USD
CY2010Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1470000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-76432000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-55737000 USD
us-gaap Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
-458000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
9225000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
6220000 USD
us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
26632000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
30788000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
41619000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
5000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
80363000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
52558000 USD
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
626415000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
21612000 USD
us-gaap Interest Paid
InterestPaid
6155000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
52153000 USD
dks New Accounting Pronouncement Or Change In Accounting Principle Other Comprehensive Income Number Of Separate Statements
NewAccountingPronouncementOrChangeInAccountingPrincipleOtherComprehensiveIncomeNumberOfSeparateStatements
2 pure

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