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can you please explain to me how it is possible for Dicks Sporting Goods to have a negative income expense? essentially theyre getting paid interest
can you please explain to me how it is possible for Dicks Sporting Goods to have a negative income expense? essentially theyre getting paid interest which ive never seen before in a company. how is this possible? the company's revenue du no difficulty competing with Amazon and other online competitors. EXHIBIT 2 Dick's Income Statements (in thousands USD) 12/28/17 2/3/18 Income Statement Percent Change $8,590,472 8.44% 6,101,412 9.81% Revenues Cost of Goods Sold Gross Profit Operating Expenses EBIT Interest Expense EBT 5.21% 4.99% $7.921,981 5,556,198 2,365,783 1,915,929 449,854 (8,568) 458,422 171,026 0 6.16% 2,489,060 2,011,486 477,574 (23,763) 501,337 177,892 -177.35% 9.36% Tax Non-Recurring Events Net Income 4.01% NA NA 287,396 323,445 12.54% Source: Based on Dick's Q4 2017 Report and other documents
can you please explain to me how it is possible for Dicks Sporting Goods to have a negative income expense? essentially theyre getting paid interest which ive never seen before in a company. how is this possible?
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