Stock Analysis on Net
Stock Analysis on Net

Dollar General Corp. (NYSE:DG)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Dollar General Corp., consolidated cash flow statement (quarterly data)

US$ in thousands

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3 months ended: Jul 31, 2020 May 1, 2020 Jan 31, 2020 Nov 1, 2019 Aug 2, 2019 May 3, 2019 Feb 1, 2019 Nov 2, 2018 Aug 3, 2018 May 4, 2018 Feb 2, 2018 Nov 3, 2017 Aug 4, 2017 May 5, 2017 Feb 3, 2017 Oct 28, 2016 Jul 29, 2016 Apr 29, 2016 Jan 29, 2016 Oct 30, 2015 Jul 31, 2015 May 1, 2015 Jan 30, 2015 Oct 31, 2014 Aug 1, 2014 May 2, 2014
Net income 787,601  650,446  535,437  365,550  426,555  385,013  483,241  334,142  407,237  364,852  712,155  252,533  294,783  279,489  414,176  235,315  306,518  295,124  376,175  253,321  282,349  253,235  355,371  236,316  251,260  222,398 
Depreciation and amortization 140,962  137,655  132,426  126,470  123,423  122,485  117,771  114,852  112,176  109,335  105,660  100,955  99,030  98,586  97,545  95,444  94,618  92,324  89,144  88,553  87,582  87,152  86,594  86,261  85,340  84,158 
Deferred income taxes (10,291) 24,784  41,099  6,190  (2,185) 10,303  26,535  13,290  4,454  8,046  (175,221) 30,823  (2,766) 9,516  15,566  (10,366) (382) 7,541  71,152  (26,346) (22,585) (10,095) 18,210  2,936  (20,338) (18,542)
Tax benefit of share-based awards —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  14,871  (640) (1,612) (26,317) (488) (665) (1,596) (9,398)
Loss on debt retirement —  —  —  —  —  —  —  —  1,019  —  —  —  —  3,502  —  —  —  —  —  326  —  —  —  —  —  — 
Noncash share-based compensation 15,509  18,968  12,984  11,100  10,874  13,631  9,688  9,412  9,373  12,406  9,375  8,109  7,907  8,932  9,291  8,188  9,235  10,253  9,657  9,248  9,517  10,125  9,640  9,378  9,568  8,752 
Other noncash (gains) and losses 4,608  1,569  (2,238) 6,530  474  3,527  15,228  14,503  8,780  3,340  (1,699) 1,428  9,237  2,122  (5,560) (146) 2,521  (440) 667  (604) 6,327  1,407  977  4,035  3,315  224 
Merchandise inventories (283,945) 567,902  (177,777) (79,921) (306,833) (14,252) (133,229) (95,179) (305,290) 12,356  (8,273) (134,705) (162,929) (42,456) 233,548  (213,774) (195,158) 3,476  27,272  (70,480) (189,690) (57,103) 5,743  (3,412) (184,354) (51,536)
Prepaid expenses and other current assets (15,237) (12,000) 9,892  (15,829) (1,124) (7,392) 1,462  12,168  (29,021) 3,294  (34,208) 28,042  (30,898) (12,342) 5,425  4,064  (17,859) (16,676) (384) 6,512  (18,513) (12,241) 4,431  (424) (4,845) (24,210)
Accounts payable 450,792  110,126  3,213  102,197  283,510  39,707  64,662  39,690  265,819  5,043  43,810  92,027  235,444  56,630  (382,782) 225,492  269,034  (55,267) 29,757  (57,735) 93,492  40,123  (3,344) (3,872) 166,743  (62,361)
Accrued expenses and other liabilities 192,095  81,113  (8,584) 50,292  106,293  (47,679) (18,151) 22,912  116,220  (55,124) 16,746  32,150  66,262  (39,511) (7,746) 35,548  36,551  (21,416) (13,752) 29,464  47,213  (17,976) (29,400) 9,058  31,045  30,932 
Income taxes (108,604) 156,849  31,672  (41,465) (82,005) 71,394  62,039  (48,707) (42,218) 85,276  (9,129) (54,435) (239,077) 146,137  101,208  (48,540) (115,646) 89,294  (7,429) (7,477) (80,634) 75,865  26,673  14,195  (99,996) 71,527 
Other (2,481) (1,086) (1,236) (525) (2,656) (2,542) 187  (255) 92  (176) 12  (277) (1,225) (143) (44) (145) (51) (260) 315  (651) (287) (282) (210) (183) (678) (484)
Change in operating assets and liabilities 232,620  902,904  (142,820) 14,749  (2,815) 39,236  (23,030) (69,371) 5,602  50,669  8,958  (37,198) (132,423) 108,315  (50,391) 2,645  (23,129) (849) 35,779  (100,367) (148,419) 28,386  3,893  15,362  (92,085) (36,132)
Adjustments to reconcile net income to net cash from operating activities 383,408  1,085,880  41,451  165,039  129,771  189,182  146,192  82,686  141,404  183,796  (52,927) 104,117  (19,015) 230,973  66,451  95,765  82,863  108,829  221,270  (29,830) (69,190) 90,658  118,826  117,307  (15,796) 29,062 
Net cash provided by operating activities 1,171,009  1,736,326  576,888  530,589  556,326  574,195  629,433  416,828  548,641  548,648  659,228  356,650  275,768  510,462  480,627  331,080  389,381  403,953  597,445  223,491  213,159  343,893  474,197  353,623  235,464  251,460 
Purchases of property and equipment (228,733) (195,434) (266,792) (224,991) (148,303) (144,757) (183,464) (179,948) (206,338) (164,630) (157,840) (174,566) (170,531) (143,519) (154,397) (138,087) (168,844) (98,968) (117,920) (139,835) (147,122) (99,929) (85,430) (97,123) (107,326) (84,088)
Proceeds from sales of property and equipment 585  466  448  443  1,014  453  942  486  718  631  423  662  212  131  5,027  1,907  2,103  323  610  556  94  163  680  896  589  103 
Net cash used in investing activities (228,148) (194,968) (266,344) (224,548) (147,289) (144,304) (182,522) (179,462) (205,620) (163,999) (157,417) (173,904) (170,319) (143,388) (149,370) (136,180) (166,741) (98,645) (117,310) (139,279) (147,028) (99,766) (84,750) (96,227) (106,737) (83,985)
Issuance of long-term obligations —  1,494,315  —  —  —  —  —  —  —  499,495  —  —  —  599,556  —  —  —  —  —  499,220  —  —  —  —  —  — 
Repayments of long-term obligations (482) (555) (940) —  —  (525) (344) (1,313) (175,334) (400,330) (749) (1,343) (309) (750,275) (1,836) (486) (319) (497) (281) (451,515) (25,259) (25,346) (26,553) (25,242) (25,238) (1,434)
Net increase (decrease) in commercial paper outstanding —  (425,200) 149,100  189,900  (159,400) (121,300) (40,100) 126,200  87,800  (237,200) (119,700) 34,400  47,800  (22,800) 37,500  453,000  —  —  —  —  —  —  —  —  —  — 
Borrowings under revolving credit facilities —  300,000  —  —  —  —  —  —  —  —  —  —  —  —  —  1,000  832,000  751,000  732,000  857,000  432,100  13,000  —  51,000  541,000  431,000 
Repayments of borrowings under revolving credit facilities —  (300,000) —  —  —  —  —  —  —  —  —  —  —  —  —  (338,000) (766,000) (731,000) (869,000) (642,000) (259,100) (13,000) —  (241,000) (641,000) (141,000)
Costs associated with issuance of debt 49  (13,623) —  (1,675) —  —  —  —  60  (4,444) —  —  (64) (9,460) —  —  —  —  20  (7,011) —  —  —  —  —  — 
Repurchases of common stock (601,536) (63,080) (415,075) (400,327) (184,988) (199,986) (359,992) (297,964) (199,537) (150,001) (280,977) (134,999) (74,981) (88,755) (311,058) (224,908) (223,547) (230,961) (290,202) (275,077) (199,680) (534,654) —  —  —  (800,095)
Payments of cash dividends (89,651) (90,617) (80,792) (81,640) (82,380) (82,756) (75,295) (76,520) (77,051) (77,657) (69,997) (70,595) (71,045) (71,294) (68,886) (70,088) (70,853) (71,308) (63,159) (63,965) (65,167) (66,037) —  —  —  — 
Other equity and related transactions 34,451  (9,006) 1,407  4,209  6,188  10,300  3,619  7,631  2,359  2,017  10,861  1,810  1,346  (5,984) 702  (215) 3,425  7,198  791  485  4,772  886  286  862  1,059  (4,580)
Tax benefit of share-based awards —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (14,871) 640  1,612  26,317  488  665  1,596  9,398 
Net cash provided by (used in) financing activities (657,169) 892,234  (346,300) (289,533) (420,580) (394,267) (472,112) (241,966) (361,703) (368,120) (460,562) (170,727) (97,253) (349,012) (343,578) (179,697) (225,294) (275,568) (504,702) (82,223) (110,722) (598,834) (25,779) (213,715) (122,583) (506,711)
Net increase (decrease) in cash and cash equivalents 285,692  2,433,592  (35,756) 16,508  (11,543) 35,624  (25,201) (4,600) (18,682) 16,529  41,249  12,019  8,196  18,062  (12,321) 15,203  (2,654) 29,740  (24,567) 1,989  (44,591) (354,707) 363,668  43,681  6,144  (339,236)

Based on: 10-Q (filing date: 2020-08-27), 10-Q (filing date: 2020-05-28), 10-K (filing date: 2020-03-19), 10-Q (filing date: 2019-12-05), 10-Q (filing date: 2019-08-29), 10-Q (filing date: 2019-05-30), 10-K (filing date: 2019-03-22), 10-Q (filing date: 2018-12-04), 10-Q (filing date: 2018-08-30), 10-Q (filing date: 2018-05-31), 10-K (filing date: 2018-03-23), 10-Q (filing date: 2017-12-07), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-01), 10-K (filing date: 2017-03-24), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-25), 10-Q (filing date: 2016-05-26), 10-K (filing date: 2016-03-22), 10-Q (filing date: 2015-12-03), 10-Q (filing date: 2015-08-27), 10-Q (filing date: 2015-06-02), 10-K (filing date: 2015-03-20), 10-Q (filing date: 2014-12-04), 10-Q (filing date: 2014-08-28), 10-Q (filing date: 2014-06-03).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Dollar General Corp.’s net cash provided by operating activities increased from Q4 2020 to Q1 2021 but then slightly decreased from Q1 2021 to Q2 2021.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Dollar General Corp.’s net cash used in investing activities increased from Q4 2020 to Q1 2021 but then slightly decreased from Q1 2021 to Q2 2021.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Dollar General Corp.’s net cash provided by (used in) financing activities increased from Q4 2020 to Q1 2021 but then decreased significantly from Q1 2021 to Q2 2021.