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Using Dicks Sporting Goods balance sheet and income statement complete the following questions. Objective: Analyze your companys most recent annual report to draw conclusions about
Using Dicks Sporting Goods balance sheet and income statement complete the following questions.
Objective: Analyze your companys most recent annual report to draw conclusions about (a) components of equity and (b) use of debt vs equity for financing.
- Analyze Equity:
- Compare the amounts of Contributed Capital vs Earned Capital.
- What are the components of contributed capital? Does the company issue preferred or common stock? How many shares are outstanding? What is the amount of par vs addl paid in capital?
- Did the company pay dividends? If so, how much? Why do companies choose to pay dividends?
- What is the companys EPS?
- Did the company repurchase any stock (ex Treasury Stock). If so, how much? Why might a company choose to buy back its own stock?
Feb. 01, 2020 Feb. 02, 2019 $ 69,334 53,173 5,762 2,202,275 $ 113,653 37,970 6,135 1,824,696 139,944 79,472 2,410,016 1,415,728 2,313,846 94,768 245,857 2,122,398 1,565,271 0 130,166 250,476 14,412 133,933 148,345 6,628,560 13,243 105,595 118,838 4,187,149 CONSOLIDATED BALANCE SHEETS- USD ($) Sin Thousands CURRENT ASSETS: Cash and cash equivalents Accounts receivable, net Income taxes receivable Inventories, net Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease assets Intangible assets, net Goodwill OTHER ASSETS: Deferred income taxes Other Total other assets TOTAL ASSETS CURRENT LIABILITIES: Accounts payable Accrued expenses Operating lease liabilities Income taxes payable Deferred revenue and other liabilities Total current liabilities LONG-TERM LIABILITIES: Revolving credit borrowings Long-term operating lease liabilities Deferred income taxes Other long-term liabilities Total long-term liabilities Commitments and contingencies STOCKHOLDERS' EQUITY: Preferred stock, par value $0.01 per share, authorized shares 5,000,000; none issued and outstanding Additional paid-in capital Retained earnings Accumulated other comprehensive loss Treasury stock, at cost, 52,481,010 and 41,429,482 at February 1, 2020 and February 2, 2019, respectively Total stockholders' equity TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 1,001,589 415,501 422,970 10,455 225,959 2,076,474 889,908 364,342 0 20,142 230,247 1,504,639 0 224,100 2,453,346 9,187 133,855 2,820,488 0 11,776 766,573 778,349 0 0 1,253,867 2,645,281 (120) 1,214,287 2,455,192 (120) (2,168,266) (1,766,136) 1,731,598 1,904,161 6,628,560 4,187,149 593 693 Common Stock STOCKHOLDERS' EQUITY: Common stock Class B Common Stock STOCKHOLDERS' EQUITY: Common stock $ 243 $ 245 12 Months Ended Feb. 02, 2019 Feb. 01, 2020 Feb. 03, 2018 $ 8,590,472 $ 8,750,743 6,196,185 $ 8,436,570 5,998,788 6,101,412 2,554,558 2,437,782 2,489,060 2,173,677 1,986,576 1,982,363 6,473 444,733 0 CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands Income Statement [Abstract] Net sales Cost of goods sold, including occupancy and distribution costs GROSS PROFIT Selling, general and administrative expenses Pre-opening expenses INCOME FROM OPERATIONS Gain on sale of subsidiaries Interest expense Other (income) expense INCOME BEFORE INCOME TAXES Provision for income taxes NET INCOME EARNINGS PER COMMON SHARE: Basic (in dollars per share) Diluted (in dollars per share) WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: Basic (in shares) Diluted (in shares) 5,268 375,613 (33,779) 17,012 (15,324) 407,704 110,242 $ 297,462 10,248 2,565 431,920 112,056 $ 319,864 29,123 477,574 0 8,047 (31,810) 501,337 177,892 $ 323,445 $ 3.40 $ 3.34 $ 3.27 $ 3.24 $ 3.02 $ 3.01 87,502 89,066 97,743 98,781 106,977 107,586
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