Investor Presentaiton
GAAP TO NON-GAAP RECONCILIATIONS
NON-GAAP NET INCOME AND EARNINGS PER SHARE RECONCILIATIONS
(dollars in thousands, except per share amounts)
GAAP Basis
% of Net Sales
Convertible Senior Notes
(1)
Deferred compensation plan
adjustments
Non-GAAP Basis
% of Net Sales
(1)
52 Weeks Ended January 29, 2022
Selling,
general and
$ 2,664,083
administrative Income from
expenses
Interest
operations
expense
Other
income
Income before
income taxes
$ 2,034,503
57,839 $ (17,774) $
21.67 %
16.55 %
0.47 %
(0.14)%
(30,794)
Net
income
(3)
Weighted
average diluted
shares
Earnings per
diluted share
1,994,438
$ 1,519,871
109,578 $
13.87
16.22 %
30,794
12.36 %
22,788
(11,332)
(17,070)
$ 2,647,013
17,070
$ 2,051,573
17,070
27,045
21.53 %
16.69 %
0.22 %
(704) $ 2,025,232
(0.01)%
$ 1,542,659
16.47 %
12.55
98,246
15.70
Amortization of the non-cash debt discount on the Company's Convertible Senior Notes and diluted shares that are designed to be offset at settlement by
shares delivered from the convertible note hedge purchased by the Company.
(2)
Includes non-cash changes in fair value of employee deferred compensation plan investments held in rabbi trusts.
(3)
The provision for income taxes for non-GAAP adjustments was calculated at 26%, which approximated the Company's blended tax rate.
DICK'S SPORTING GOODS
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