DICK'S Sporting Goods, Inc. (DKS) Cash Flow Statement
Where DKS’s cash came from and went, FY2026
January 31, 2026 · U.S. dollars- Cash from operations
- $1.54B +17.2% vs FY2025
- Capital expenditures
- $1.14B 6.6% of revenue
- Free cash flow
- $481.6M 2.8% margin
- Returned to shareholders
- $761.0M 158% of free cash flow
- Change in cash
- −$336.7M cash at year-end $1.35B
Drawn to scale: where the cash came from and how it was used. Hover for values.
DKS operating cash flow, capex and free cash flow
DKS cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $759.0MFY2017 | $1.54BFY2026 | +8.2%/yr | |
| Capital expenditures | $421.9MFY2017 | $1.14BFY2026 | +11.6%/yr | |
| Free cash flow | $337.1MFY2017 | $481.6MFY2026 | +4.0%/yr | |
| Free cash flow margin | 4.3%FY2017 | 2.8%FY2026 | −1.5 pts | |
| Operating cash flow / net income | 2.64FY2017 | 1.81FY2026 | −0.83 | |
| Stock-based compensation | $33.6MFY2017 | $123.7MFY2026 | +15.6%/yr | |
| Dividends paid | $68.0MFY2017 | $413.9MFY2026 | +22.2%/yr | |
| Share buybacks (net) | $145.7MFY2017 | $347.1MFY2026 | +10.1%/yr | |
| Capex / revenue | 5.3%FY2017 | 6.6%FY2026 | +1.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DKS cash flow by activity
DKS net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
DKS cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $849.2M | $1.17B | $1.05B | $1.04B | $1.52B | $530.3M | $297.5M | $319.9M | $323.4M | $287.4M |
| Depreciation & amortization | $488.6M | $400.4M | $393.9M | $365.5M | $322.6M | $326.0M | $270.4M | $307.3M | $243.0M | $233.8M |
| Stock-based compensation | $123.7M | $71.0M | $57.3M | $50.6M | $52.8M | $50.2M | $43.5M | $41.9M | $36.2M | $33.6M |
| Change in working capital | $70.6M | −$305.8M | $14.6M | −$580.0M | −$325.6M | $707.0M | −$200.1M | $111.4M | $101.2M | $258.5M |
| Other non-cash items | $5.2M | −$19.1M | $15.0M | $42.7M | $47.2M | −$60.7M | −$6.6M | −$67.8M | $42.5M | −$54.3M |
| Cash from operating activities | $1.54B | $1.31B | $1.53B | $921.9M | $1.62B | $1.55B | $404.6M | $712.8M | $746.3M | $759.0M |
| Investing activities | ||||||||||
| Capital expenditures | −$1.14B | −$802.6M | −$587.4M | −$364.1M | −$308.3M | −$224.0M | −$217.5M | −$198.2M | −$474.3M | −$421.9M |
| Investments (net) | — | −$796.6M | −$614.7M | −$392.9M | −$344.0M | −$224.2M | −$129.3M | −$198.2M | −$485.6M | −$550.3M |
| Acquisitions & other investing | $82.7M | $802.6M | $587.4M | $364.1M | $308.3M | $224.0M | $217.5M | $198.2M | $474.3M | $421.9M |
| Cash from investing activities | −$1.05B | −$796.6M | −$614.7M | −$392.9M | −$344.0M | −$224.2M | −$129.3M | −$198.2M | −$485.6M | −$550.3M |
| Financing activities | ||||||||||
| Dividends paid | −$413.9M | −$361.7M | −$351.2M | −$163.1M | −$603.0M | −$107.4M | −$98.3M | −$89.3M | −$73.1M | −$68.0M |
| Share repurchases & issuance (net) | −$347.1M | −$263.0M | −$648.6M | −$458.5M | −$1.14B | −$76.8M | −$402.2M | −$323.4M | −$284.6M | −$145.7M |
| Net borrowing (repayment) | $15.8M | $23.1M | $47.7M | −$605.8M | $1.48B | $407.3M | $184.8M | −$84.0M | $22.7M | $16.8M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$157.6M | −$24.5M | −$83.7M | −$20.3M | −$21.5M | $37.0M | −$3.9M | −$5.4M | $10.7M | $24.0M |
| Cash from financing activities | −$902.7M | −$626.1M | −$1.04B | −$1.25B | −$287.7M | $260.1M | −$319.7M | −$502.1M | −$324.2M | −$172.9M |
| Summary | ||||||||||
| Net change in cash | −$336.7M | −$111.3M | −$123.2M | −$718.8M | $985.1M | $1.59B | −$44.3M | $12.4M | −$63.5M | $45.8M |
| Cash at end of period | $1.35B | $1.69B | $1.80B | $1.92B | $2.64B | $1.66B | $69.3M | $113.7M | $101.3M | $164.8M |
| Free cash flow | $481.6M | $509.3M | $939.9M | $557.8M | $1.31B | $1.33B | $187.2M | $514.5M | $272.0M | $337.1M |
| Free cash flow margin | 2.8% | 3.8% | 7.2% | 4.5% | 10.6% | 13.9% | 2.1% | 6.1% | 3.2% | 4.3% |
| Capex / revenue | 6.6% | 6.0% | 4.5% | 2.9% | 2.5% | 2.3% | 2.5% | 2.3% | 5.5% | 5.3% |
| Operating cash flow / net income | 1.81 | 1.13 | 1.46 | 0.88 | 1.06 | 2.93 | 1.36 | 2.23 | 2.31 | 2.64 |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $315.5M | $319.8M | $128.3M | $75.2M | $381.4M | $264.3M | $300.0M | $227.8M | $362.2M | $275.3M | $296.4M | $201.1M |
| Depreciation & amortization | $159.5M | $153.8M | $488.43B | $128.0M | $105.7M | $97.9M | $110.0M | $101.1M | $97.7M | $91.5M | $122.6M | $102.5M |
| Stock-based compensation | $24.0M | $29.9M | $123.6M | $62.7M | $18.8M | $19.2M | $20.3M | $17.9M | $15.6M | $17.3M | $17.7M | $11.5M |
| Change in working capital | −$12.3M | −$280.8M | $812.8M | −$527.7M | $30.2M | −$244.8M | $211.1M | −$273.9M | −$77.8M | −$165.1M | $332.2M | −$248.6M |
| Other non-cash items | $29.1M | $53.8M | −$488.44B | $13.4M | $21.5M | $41.5M | −$9.8M | −$18.8M | −$3.3M | $12.8M | −$6.3M | $4.7M |
| Cash from operating activities | $515.8M | $276.5M | $1.05B | −$248.4M | $557.6M | $178.0M | $631.5M | $54.2M | $394.4M | $231.7M | $762.6M | $71.2M |
| Investing activities | ||||||||||||
| Capital expenditures | −$382.7M | −$360.7M | −$343.9M | −$267.2M | −$261.4M | −$264.7M | −$237.0M | −$193.5M | −$214.6M | −$157.5M | −$177.9M | −$161.0M |
| Investments (net) | — | — | — | — | −$263.2M | −$385.7M | −$239.3M | −$190.4M | −$208.9M | −$158.0M | −$181.4M | −$164.5M |
| Acquisitions & other investing | −$10.4M | −$32,000 | −$49.3M | $254.8M | $261.4M | $264.7M | $237.0M | $193.5M | $214.6M | $157.5M | $177.9M | $161.0M |
| Cash from investing activities | −$393.1M | −$360.8M | −$393.2M | −$12.4M | −$263.2M | −$385.7M | −$239.3M | −$190.4M | −$208.9M | −$158.0M | −$181.4M | −$164.5M |
| Financing activities | ||||||||||||
| Dividends paid | −$110.9M | −$113.8M | −$108.3M | −$109.5M | −$96.1M | −$99.9M | −$88.6M | −$90.0M | −$88.7M | −$94.4M | −$80.6M | −$81.5M |
| Share repurchases & issuance (net) | $0 | −$141.2M | −$43.5M | −$302.2M | −$302.7M | −$303.7M | −$92.8M | −$6.7M | −$54.9M | −$108.6M | −$961,000 | −$388.1M |
| Net borrowing (repayment) | $217,000 | $7.0M | $25.5M | −$2.3M | $4.8M | −$12.1M | $16.6M | $10.2M | $1.1M | — | — | $67.8M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$94.5M | −$19.4M | −$84.0M | $267.5M | $294.8M | −$31.0M | $4.1M | −$10.5M | −$154,000 | −$22.8M | −$104.8M | −$372,000 |
| Cash from financing activities | −$205.2M | −$267.4M | −$210.2M | −$146.5M | −$99.3M | −$446.7M | −$160.7M | −$97.0M | −$142.7M | −$225.8M | −$186.4M | −$402.2M |
| Summary | ||||||||||||
| Net change in cash | −$84.5M | −$355.0M | $531.9M | −$409.7M | $195.1M | −$654.1M | $231.3M | −$233.2M | $42.8M | −$152.1M | $395.0M | −$495.7M |
| Cash at end of period | $913.7M | $998.2M | $1.35B | $821.3M | $1.23B | $1.04B | $1.69B | $1.46B | $1.69B | $1.65B | $1.80B | $1.41B |
| Free cash flow | $133.0M | −$84.2M | $787.6M | −$515.6M | $296.2M | −$86.7M | $394.5M | −$139.3M | $179.8M | $74.2M | $584.7M | −$89.7M |
| Free cash flow margin | 2.4% | −1.6% | 12.7% | −12.4% | 8.1% | −2.7% | 10.1% | −4.6% | 5.2% | 2.5% | 15.1% | −2.9% |
| Capex / revenue | 6.9% | 7.0% | 5.5% | 6.4% | 7.2% | 8.3% | 6.1% | 6.3% | 6.2% | 5.2% | 4.6% | 5.3% |
| Operating cash flow / net income | 1.63 | 0.86 | 8.18 | −3.30 | 1.46 | 0.67 | 2.11 | 0.24 | 1.09 | 0.84 | 2.57 | 0.35 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
DKS cash generation
In fiscal 2026 (ended January 31, 2026), DICK'S Sporting Goods generated $1.5 billion of cash from operations (up 17.2%) and spent $1.1 billion on capital expenditures, leaving free cash flow of $481.6 million, 2.8% of revenue. It returned $761.0 million to shareholders through dividends ($413.9 million) and net share buybacks ($347.1 million). Cash and equivalents fell by $336.7 million over the year.
Related: DKS income statement, DKS balance sheet, DKS dividend history. See the DKS stock overview for the latest quote and news.
DKS cash flow FAQ
What is DICK'S Sporting Goods's free cash flow?
DICK'S Sporting Goods's free cash flow was $481.6 million in fiscal 2026: $1.5 billion of operating cash flow minus $1.1 billion of capital expenditures It was $509.3 million a year earlier..
How much cash does DICK'S Sporting Goods generate from operations?
DICK'S Sporting Goods generated $1.5 billion of cash from operating activities in fiscal 2026, 1.81 times its net income of $849.2 million.
How much does DICK'S Sporting Goods spend on capital expenditures?
DICK'S Sporting Goods spent $1.1 billion on capital expenditures in fiscal 2026, 6.6% of revenue, compared with $802.6 million the year before.
How much stock does DICK'S Sporting Goods buy back?
DICK'S Sporting Goods spent $347.1 million on net share repurchases in fiscal 2026.
How much does DICK'S Sporting Goods pay in dividends?
DICK'S Sporting Goods paid $413.9 million in dividends in fiscal 2026, 85.9% of free cash flow.