$DKS

DICK'S SPORTING GOODS, INC.

CIK:0001089063|SEC Filings

CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025	Aug. 01, 2026	Aug. 02, 2025
Income Statement [Abstract]
Net sales	$ 5,586,815	$ 3,646,616	$ 10,751,319	$ 6,821,293
Cost of goods sold, including occupancy and distribution costs	3,643,544	2,295,344	7,124,786	4,304,935
GROSS PROFIT	1,943,271	1,351,272	3,626,533	2,516,358
Selling, general and administrative expenses	1,447,422	878,737	2,611,350	1,664,265
Merger and integration costs	31,605	8,028	85,420	8,028
Pre-opening expenses	23,488	12,322	38,357	25,763
OPERATING INCOME	440,756	452,185	891,406	818,302
Interest expense	17,846	16,118	35,387	28,256
Other income	(15,504)	(73,749)	(28,670)	(67,493)
INCOME BEFORE INCOME TAXES	438,414	509,816	884,689	857,539
Provision for income taxes	122,953	128,414	249,406	211,849
NET INCOME	$ 315,461	$ 381,402	$ 635,283	$ 645,690
EARNINGS PER COMMON SHARE:
Basic (in dollars per share)	$ 3.55	$ 4.82	$ 7.16	$ 8.15
Diluted (in dollars per share)	$ 3.50	$ 4.71	$ 7.04	$ 7.95
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in shares)	88,829	79,147	88,682	79,244
Diluted (in shares)	90,131	81,041	90,269	81,259

CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	6 Months Ended
	Aug. 01, 2026	Aug. 02, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 635,283	$ 645,690
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	313,351	203,522
Amortization of deferred financing fees and debt discount	3,034	5,774
Deferred income taxes	85,356	89,832
Stock-based compensation	53,851	37,948
Other, net	(5,508)	(32,591)
Changes in assets and liabilities:
Accounts receivable	13,359	(11,670)
Inventories	(662,488)	(54,084)
Prepaid expenses and other assets	(2,766)	(17,185)
Accounts payable	254,701	(88,601)
Accrued expenses	9,231	(22,748)
Income taxes payable / receivable	90,553	(21,199)
Construction allowances provided by landlords	129,263	70,583
Deferred revenue and other liabilities	(39,843)	(20,016)
Operating lease assets and liabilities	(85,103)	(49,614)
Net cash provided by operating activities	792,274	735,641
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures	(743,470)	(526,076)
Other investing activities	(10,399)	(122,794)
Net cash used in investing activities	(753,869)	(648,870)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of bridge facility financing fees	0	(7,863)
Payments on financing lease obligations	(2,021)	0
Proceeds from exercise of stock options	7,598	969
Minimum tax withholding requirements	(121,436)	(32,059)
Cash paid for treasury stock	(141,208)	(303,671)
Cash dividends paid to stockholders	(224,750)	(196,052)
Increase (decrease) in bank overdraft	9,285	(7,342)
Net cash used in financing activities	(472,532)	(546,018)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	(5,363)	329
NET DECREASE IN CASH AND CASH EQUIVALENTS	(439,490)	(458,918)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	1,353,226	1,689,940
CASH AND CASH EQUIVALENTS, END OF PERIOD	913,736	1,231,022
Supplemental disclosure of cash flow information:
Accrued property and equipment	219,499	146,809
Cash paid for interest, net of capitalized amounts	30,814	22,430
Cash paid for income taxes	$ 138,708	$ 144,809

CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Aug. 01, 2026	Jan. 31, 2026	Aug. 02, 2025
CURRENT ASSETS:
Cash and cash equivalents	$ 913,736	$ 1,353,226	$ 1,231,022
Accounts receivable, net	457,634	475,852	223,879
Income taxes receivable	92,989	68,455	29,792
Inventories, net	5,565,341	4,907,823	3,403,914
Prepaid expenses and other current assets	290,104	299,435	165,440
Total current assets	7,319,804	7,104,791	5,054,047
Property and equipment, net	3,989,714	3,512,776	2,431,782
Operating lease assets	4,749,410	4,594,670	2,424,625
Intangible assets, net	763,252	768,575	58,598
Goodwill	837,019	864,047	245,857
Deferred income taxes	63,060	82,501	3,387
Other assets	523,163	484,139	472,475
TOTAL ASSETS	18,245,422	17,411,499	10,690,771
CURRENT LIABILITIES:
Accounts payable	2,245,630	1,986,990	1,401,800
Accrued expenses	1,169,329	1,115,306	666,451
Operating lease liabilities	970,819	1,004,909	504,975
Income taxes payable	54,994	7,533	34,391
Deferred revenue and other liabilities	488,453	528,820	371,900
Total current liabilities	4,929,225	4,643,558	2,979,517
LONG-TERM LIABILITIES:
Revolving credit borrowings	0	0	0
Long-term debt and financing lease obligations	1,906,348	1,905,299	1,484,707
Long-term operating lease liabilities	5,085,984	4,836,435	2,619,090
Deferred income taxes	287,872	203,920	40,535
Other long-term liabilities	310,271	282,167	211,836
Total long-term liabilities	7,590,475	7,227,821	4,356,168
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS' EQUITY:
Additional paid-in capital	3,664,839	3,724,836	1,502,184
Retained earnings	7,238,506	6,827,900	6,843,448
Accumulated other comprehensive (loss) income	(5,996)	17,813	(426)
Treasury stock, at cost	(5,172,519)	(5,031,318)	(4,990,912)
Total stockholders' equity	5,725,722	5,540,120	3,355,086
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	18,245,422	17,411,499	10,690,771
Common Stock
STOCKHOLDERS' EQUITY:
Common stock	656	653	556
Class B Common Stock
STOCKHOLDERS' EQUITY:
Common stock	$ 236	$ 236	$ 236