Dick's Sporting Goods 2015 Annual Report Download - page 24

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The information set forth below should be read in conjunction with other sections of this Annual Report on Form 10-K
including Part II, Item€7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" and our
Consolidated Financial Statements and related notes appearing elsewhere in this Annual Report on Form 10-K.
Fiscal Year
2015 2014 2013 2012 2011
(Dollars in thousands, except per share and per square foot data)
Statement of Income Data:
Net sales $7,270,965 $6,814,479 $6,213,173 $5,836,119 $5,211,802
Cost of goods sold€(1) 5,088,078 4,727,813 4,269,223 3,998,956 3,616,921
Gross profit 2,182,887 2,086,666 1,943,950 1,837,163 1,594,881
Selling, general and administrative
expenses€(2) 1,613,075 1,502,089 1,386,315 1,297,413 1,148,268
Pre-opening expenses 34,620 30,518 20,823 16,076 14,593
Income from operations 535,192 554,059 536,812 523,674 432,020
Impairment of available-for-sale
investments€(3) — — — 32,370 —
Gain on sale of investment€(4) — — — — (13,900)
Interest expense€(5) 4,012 3,215 2,929 6,034 13,868
Other expense (income) (6) 305 (5,170)(12,224)(4,555)26
Income before income taxes 530,875 556,014 546,107 489,825 432,026
Provision for income taxes 200,484 211,816 208,509 199,116 168,120
Net income $330,391 $344,198 $337,598 $290,709 $263,906
Per Common Share Data:
Earnings per common share€- Basic $2.87 $2.89 $2.75 $2.39 $2.19
Earnings per common share€- Diluted $2.83 $2.84 $2.69 $2.31 $2.10
Dividends declared per common share€(7) $0.55 $0.50 $0.50 $2.50 $0.50
Weighted average common shares
outstanding:
Basic 115,230 119,244 122,878 121,629 120,232
Diluted 116,794 121,238 125,628 125,995 125,768
Store Data:
Same store sales (decrease) increase€(8) (0.2)% 2.4%1.9%4.3%2.0%
Number of stores at end of period (9) 741 694 642 601 561
Total square footage at end of period (9) 36,703,905 34,245,885 31,621,488 29,587,733 27,596,140
Net sales per square foot€(10) $181 $185 $186 $193 $187
Other Data:
Gross profit margin 30.0 %30.6%31.3%31.5%30.6%
Selling, general and administrative expenses
as a percentage of net sales 22.2 %22.0%22.3%22.2%22.0%
Operating margin 7.4 %8.1%8.6%9.0%8.3%
Inventory turnover€(11) 3.03x 3.10x 3.18x 3.33x 3.37x
Depreciation and amortization $193,594 $179,431 $154,928 $125,096 $116,581
Balance Sheet Data:
Inventories, net $1,527,187 $1,390,767 $1,232,065 $1,096,186 $1,014,997
Working capital€(12) (13) $621,015 $679,965 $578,649 $564,832 $915,917
Total assets€(13) $3,559,336 $3,391,704 $3,032,870 $2,880,394 $2,996,452
Total debt including capital and financing
lease obligations€(5) $5,913 $6,450 $7,375 $16,275 $159,022
Retained earnings $1,737,214 $1,471,182 $1,187,514 $911,704 $932,871
Total stockholders' equity $1,789,187 $1,832,225 $1,692,179 $1,587,324 $1,632,745
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