Dick's Sporting Goods 2003 Annual Report Download - page 35

independent auditors’ report / management’s responsibilities report
TO THE BOARD OF DIRECTORS AND STOCKHOLDERS OF DICK’S SPORTING GOODS, INC.:
We have audited the accompanying consolidated balance sheets of Dick’s Sporting Goods, Inc. and subsidiary as of
January 31, 2004 and February 1, 2003, and the related consolidated statements of income, comprehensive income,
changes in stockholders’ equity, and cash flows for each of the three fiscal years in the period ended January 31, 2004.
These consolidated financial statements are the responsibility of the Company’s management. Our responsibility is to
express an opinion on these consolidated financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted in the United States of America.
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used
and significant estimates made by management, as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the financial position
of Dick’s Sporting Goods, Inc. and subsidiary as of January 31, 2004 and February 1, 2003, and the results of their
operations and their cash flows for each of the three fiscal years in the period ended January 31, 2004, in conformity
with accounting principles generally accepted in the United States of America.
Deloitte & Touche LLP
Pittsburgh, Pennsylvania
March 10, 2004
MANAGEMENT’S RESPONSIBILITIES REPORT
The management of Dick’s Sporting Goods, Inc. is responsible for the preparation and integrity of the consolidated
financial statements included in this Annual Report to Shareholders. The consolidated financial statements have been
prepared in accordance with accounting principles generally accepted in the United States of America and include
amounts based on management’s best estimates and judgments where necessary. Financial information included
elsewhere in this Annual Report is consistent with these financial statements.
Management maintains a system of internal controls and procedures designed to provide reasonable assurance that
transactions are executed in accordance with proper authorization, transactions are properly recorded in the
Company’s records, assets are safeguarded and accountability for assets is maintained. The system of internal control
is continually reviewed for its effectiveness and is augmented by written policies and procedures and the careful
selection and training of qualified personnel.
The consolidated financial statements were audited by our independent auditors. Their audit was conducted in
accordance with auditing standards generally accepted in the United States of America and to independently assess
the fair presentation of the Company’s financial position, results of operations and cash flows. Their report is shown
on page 33.
The Audit Committee, which is composed solely of independent directors, is responsible for monitoring the Company’s
accounting and reporting practices. The Audit Committee meets periodically with the independent auditors and
management to discuss specific accounting, financial reporting and internal control matters. The independent auditors
have full and free access to the Audit Committee with and without the presence of management.
Edward W. Stack William R. Newlin Michael F. Hines
Chairman and Executive Vice President and Executive Vice President
Chief Executive Officer Chief Administrative Officer and Chief Financial Officer
dks 03ar 33