Question
Dicks cash used in investing activities was $224,164 (in thousands) for fiscal 2021 and $129,271 in 2020 (SEC, 2021). The companys financial statements did not
Dicks cash used in investing activities was $224,164 (in thousands) for fiscal 2021 and $129,271 in 2020 (SEC, 2021). The companys financial statements did not specifically provide its short-term and long-term investments in debt or equity of other companies. The company focus was to invest in the companys future growth. The areas they will focus on are in growing, relocating and remodeling their stores. They will also invest in their online presence in eCommerce business by developing new technologies to increase store productivity with the intention of delivering continuous improvement within the omni-channel shopping experience of their athletes. Using share repurchases and dividends, Dicks intends on returning capital to their stockholders while potentially allocating capital to other long-term strategic investments.
Do you agree? Please explain.
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