Dick's Sporting Goods 2012 Annual Report Download - page 2

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FINANCIAL HIGHLIGHTS2
FISCAL YEAR 2012 2011 2010
(dollars in thousands, except per share data)
Net Sales $ 5,836,119 $ 5,211,802 $ 4,871,492
Gross Profit 1,837,163 1,594,881 1,449,030
Gross Profit Margin 31.5% 30.6% 29.7%
Selling, General and Administrative Expenses 1,297,413 1,148,268 1,129,293
Pre-Opening Expenses 16,076 14,593 10,488
Income from Operations 523,674 432,020 309,249
Net Income $ 290,709 $ 263,906 $ 182,077
Adjusted Net Income1 $ 318,345 $ 253,879 $ 198,396
Diluted Earnings per Common Share $ 2.31 $ 2.10 $ 1.50
Adjusted Diluted Earnings per Common Share1 $ 2.53 $ 2.02 $ 1.63
Diluted Weighted Average Shares Outstanding (in thousands) 125,995 125,768 121,724
Total Stockholders’ Equity $ 1,587,324 $ 1,632,745 $ 1,363,581
EBITDA $ 620,955 $ 562,475 $ 421,921
Adjusted EBITDA 1 $ 653,325 $ 546,427 $ 449,118
Same Store Sales Increase 3 4.3% 2.0% 7.2%
Store Count (Dick’s Sporting Goods stores) 518 480 444
$4,130
$4,413
$4,871
$5,212
$5,836
2008 2009 2010 2011 2012
5.8%
5.3%
6.9%
8.2%
9.0%
2008 2009 2010 2011 2012
$134.1
$141.4
$198.4
$253.9
$318.3
2008 2009 2010 2011 2012
28.7%
27.6%
29.7%
30.6%
31.5%
2008 2009 2010 2011 2012
NET SALES
(in millions)
OPERATING MARGINS1
ADJUSTED NET INCOME1
(in millions)
GROSS PROFIT MARGINS
1 Adjusted amounts exclude certain non-recurring, infrequent or unusual items. The non-GAAP amounts are provided within Reg. G reconciliations on the Company’s website at
http://www.DicksSportingGoods.com/investors.
2 All fiscal years presented include 52 weeks of operations except fiscal 2012, which includes 53 weeks.
3 Fiscal 2012 excludes sales during the 53rd week of operations.