Academy Sports and Outdoors, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $376.8M | $418.4M | $519.2M | $628.0M | $671.4M | $308.8M | $120.0M | $21.4M |
| Depreciation & Amortization | $122.9M | $118.1M | $110.9M | $106.8M | $105.3M | $105.5M | $117.3M | $132.8M |
| Depreciation | $122.9M | $118.1M | $110.9M | $106.8M | $105.3M | $105.5M | $117.3M | $130.4M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $21.2M | $26.6M | $24.4M | $21.2M | $39.3M | $31.6M | $7.9M | $4.6M |
| Net Cash from Operating Activities | $434.8M | $528.1M | $535.8M | $552.0M | $673.3M | $1.01B | $263.7M | $198.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $212.7M | $199.6M | $207.8M | $108.3M | $75.8M | $41.3M | $62.8M | $107.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-172.0M | $-186.1M | $-206.1M | $-108.8M | $-76.0M | $-33.1M | $-66.8M | $-99.0M |
| Financing Activities | ||||||||
| Dividends Paid | $34.7M | $31.5M | $27.2M | $24.6M | $0 | $0 | — | — |
| Stock Repurchases | $199.0M | $364.9M | $202.8M | $489.5M | $411.4M | $0 | $0 | — |
| Net Cash from Financing Activities | $-221.4M | $-401.0M | $-318.9M | $-592.1M | $-488.9M | $-750.2M | $-123.2M | $-54.8M |
| Net Change in Cash | $41.4M | $-59.0M | $10.8M | $-148.9M | $108.4M | $228.2M | $73.7M | $44.6M |
| Free Cash Flow | $222.1M | $328.5M | $328.0M | $443.7M | $597.5M | $970.3M | $200.9M | $90.6M |