Hibbett sports, inc. (HIBB)
CashFlow / Yearly
Feb'20Feb'19Feb'18Jan'18Jan'17Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10Jan'09
Cash Flows From Operating Activities:
Net income

27,344

28,421

35,030

35,030

61,075

61,075

70,528

73,584

70,877

72,582

59,060

46,400

32,549

29,448

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

29,323

27,052

24,207

24,207

19,047

19,047

17,038

15,990

13,847

13,029

13,205

13,623

13,905

14,324

Contingent earnout valuation

15,100

0

0

-

-

-

-

-

-

-

-

-

-

-

Amortization of inventory step-up

956

1,911

0

-

-

0

-

-

-

-

-

-

-

-

Deferred income taxes and unrecognized income tax benefit, net

-5,143

244

3,488

3,488

1,418

1,418

1,285

4,220

-73

-1,507

-46

-1,558

-2,433

-925

Excess tax benefit from stock option exercises

-

-

-

0

-99

-

-900

-2,911

-4,357

-4,002

-1,834

-3,435

-781

-388

Loss on disposal and write-down of assets, net

-518

-940

-597

-597

-238

-238

156

-181

-173

-68

-151

-164

-232

513

Stock-based compensation

2,653

4,316

3,880

3,880

4,592

4,592

5,198

4,468

5,838

5,649

5,453

4,796

4,157

3,556

Accounts receivable, other

-

-

-

-

-

-

-

-706

1,993

408

105

160

-829

912

Other non-cash adjustments

1,567

104

0

-

-

99

-

-

-

-

-

-

-

0

Changes in operating assets and liabilities:
Receivables, net

-1,938

-1,422

-2,303

-2,303

1,826

1,826

-501

-117

452

-577

633

597

70

-724

Inventories, net

8,680

-16,804

-27,500

-27,500

-2,398

-2,398

42,691

13,863

5,167

26,307

20,193

5,484

17,618

-10,369

Prepaid expenses and other

662

501

3,074

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other

-

-

-

3,074

1,712

1,712

-2,186

-6,614

-36

-34

-3,146

3,485

-5,409

-

Other assets

570

162

-185

-185

-351

-351

443

-46

475

115

157

149

-169

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

1,525

Accrued income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-476

Other assets, non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

71

Accounts payable

24,347

-9,927

16,389

16,389

-11,410

-11,410

4,017

9,907

-27,489

28,286

-2,251

11,036

489

336

Deferred rent

0

839

514

-

-

-3,623

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-514

3,623

-

3,228

2,240

1,798

435

-1,245

-1,408

-2,319

-1,469

Accrued expenses and other

6,775

3,840

1,935

1,935

980

980

-1,312

1,093

738

-1,197

370

2,175

2,396

2,663

Net cash provided by operating activities

92,289

73,417

111,926

111,926

78,675

78,675

58,479

102,392

53,301

87,124

54,921

61,918

36,914

38,997

Cash Flows From Investing Activities:
Purchase of investments, net

-

-

-

-

-

-

-

90

704

530

481

529

39

141

Capital expenditures

17,326

17,696

23,081

23,081

29,733

29,733

25,147

22,873

50,507

21,970

12,997

10,476

9,605

13,697

Acquisition of City Gear

0

86,837

0

-

-

0

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

530

330

288

288

154

154

298

320

221

182

103

122

41

57

Proceeds from insurance

-

-

-

-

-

-

-

84

0

0

-

-

-

-

Other

210

-332

107

-107

170

-170

172

0

-

-

-

-

-

-

Net cash used in investing activities

-17,006

-103,871

-22,900

-22,900

-29,409

-29,409

-24,677

-22,559

-50,990

-22,318

-13,375

-10,883

-9,603

-13,781

Cash Flows From Financing Activities:
(Repayments) proceeds under credit facilities

-35,000

35,000

0

-

-

-

-

-

-

-

-

-

-

-

Cash used for stock repurchases

34,904

16,124

53,794

53,794

42,115

42,115

89,212

56,302

15,807

45,938

67,484

37,715

0

16,940

Borrowings under credit facilities, net

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Net payments on finance/capital lease obligations

977

695

601

-

-

485

-

-

-

-

-

-

-

-

Cash used to settle net share equity awards

555

416

712

-

-

-

-

-

-

-

-

-

-

-

Net payments on capital lease obligations

-

-

-

601

485

-

346

377

268

181

311

114

77

-

Excess tax benefit from stock option exercises

-

-

-

0

99

99

900

2,911

4,357

4,002

1,834

3,435

781

388

Settlement of net share equity awards

-

-

-

-712

-943

-943

-2,120

-4,669

-4,288

-3,914

-1,129

-144

0

0

Proceeds from options exercised and purchase of shares under the employee stock purchase plan

475

901

667

667

862

862

853

774

3,011

2,998

5,165

9,329

1,026

1,244

Net payments on revolving credit facility and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash (used in) provided by financing activities

-70,961

18,666

-54,440

-54,440

-42,582

-42,582

-89,925

-57,663

-12,995

-43,033

-61,925

-25,209

1,730

-15,308

Net increase (decrease) in cash and cash equivalents

4,322

-11,788

34,586

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

34,586

6,684

6,684

-56,123

22,170

-10,684

21,773

-20,379

25,826

29,041

9,908

Supplemental Disclosures of Cash Flow Information:
Cash paid during the year for:
Interest

993

723

261

-

-

285

-

-

-

-

-

-

-

-

Interest

-

-

-

261

285

-

308

306

195

178

238

95

117

659

Income taxes, net of refunds

15,438

8,261

15,104

15,104

35,057

35,057

42,500

32,626

42,276

39,878

30,788

31,987

16,955

21,162

Supplemental Schedule of Non-Cash Activities:
Deferred board compensation

-

-

-

-

-

-

-

-

-

-

-

0

0

10

Shares awarded to satisfy deferred board compensation (in shares)

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Property and equipment additions under capital leases

977

773

352

352

342

342

508

909

1,086

1,040

0

2,403

345

0