Academy Sports and Outdoors, Inc. (ASO) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-05-03 to 2026-08-01

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Academy Sports and Outdoors, Inc. cash flow reconciliation, May 3, 2026 through Aug 1, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $137,897,000.00Loss on tariff refund monetization → Operating adjustments reconciliation: $61,759,000.00Depreciation and amortization → Operating adjustments reconciliation: $30,448,000.00Income taxes payable → Operating adjustments reconciliation: $29,668,000.00Equity compensation → Operating adjustments reconciliation: $9,319,000.00Accrued expenses and other current liabilities → Operating adjustments reconciliation: $8,752,000.00Non-cash lease expense → Operating adjustments reconciliation: $4,523,000.00Loss on early retirement of debt → Operating adjustments reconciliation: $1,902,000.00Amortization of deferred loan and other costs → Operating adjustments reconciliation: $659,000.00Other long-term liabilities → Operating adjustments reconciliation: $414,000.00Operating adjustments reconciliation → Net cash from operating activities: $50,519,000.00Operating adjustments reconciliation → Accounts payable: $61,938,000.00Operating adjustments reconciliation → Deferred income taxes: $13,720,000.00Operating adjustments reconciliation → Prepaid expenses and other current assets: $8,202,000.00Operating adjustments reconciliation → Accounts receivable, net: $5,285,000.00Operating adjustments reconciliation → Other noncurrent assets: $4,767,000.00Operating adjustments reconciliation → Merchandise inventories, net: $3,013,000.00investing reconciliation → Capital expenditures: $72,355,000.00investing reconciliation → Purchases of intangible assets: $112,000.00Net cash used in financing activities → financing reconciliation: $155,546,000.00Proceeds from Senior Notes → financing reconciliation: $500,000,000.00Proceeds from issuance of common stock under employee stock purchase program → financing reconciliation: $2,828,000.00Proceeds from exercise of stock options → financing reconciliation: $90,000.00financing reconciliation → Repayment of Senior Notes: $400,000,000.00financing reconciliation → Repayment of Term Loan: $85,000,000.00financing reconciliation → Repurchase of common stock for retirement: $82,093,000.00financing reconciliation → Remittance of tariff refund claims: $72,224,000.00financing reconciliation → Debt refinancing fees: $9,364,000.00financing reconciliation → Dividends paid: $9,310,000.00financing reconciliation → Taxes paid related to net share settlement of equity awards: $473,000.00Net cash used in investing activities → investing reconciliation: $72,467,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $337,810,000.00Net cash from operating activities → Cash sources and uses: $188,416,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $298,213,000.00Cash sources and uses → Net cash used in investing activities: $72,467,000.00Cash sources and uses → Net cash used in financing activities: $155,546,000.00Net income: $137,897,000.00Net income+$137.90 MDepreciation and amortization: $30,448,000.00Depreciation & amortization+$30.45 MNon-cash lease expense: $4,523,000.00Operating lease amortization+$4.52 MEquity compensation: $9,319,000.00Stock-based compensation+$9.32 MAmortization of deferred loan and other costs: $659,000.00Debt issuance cost amortization+$659.00 KDeferred income taxes: -$13,720,000.00Deferred income taxes−$13.72 MLoss on early retirement of debt: $1,902,000.00Debt extinguishment gain & loss+$1.90 MAccounts receivable, net: -$5,285,000.00Accounts receivable−$5.29 MMerchandise inventories, net: -$3,013,000.00Inventories−$3.01 MPrepaid expenses and other current assets: -$8,202,000.00Prepaid & other assets−$8.20 MOther noncurrent assets: -$4,767,000.00Other noncurrent assets−$4.77 MAccounts payable: -$61,938,000.00Accounts payable−$61.94 MAccrued expenses and other current liabilities: $8,752,000.00Accrued & other liabilities+$8.75 MIncome taxes payable: $29,668,000.00Income taxes payable+$29.67 MOther long-term liabilities: $414,000.00Other noncurrent liabilities+$414.00 KLoss on tariff refund monetization: $61,759,000.00Tariff refund monetization loss+$61.76 MNet cash from operating activities: $188,416,000.00Operating cash+$188.42 MOperating adjustments reconciliation: $147,444,000.00Repayment of Term Loan: -$85,000,000.00Secured debt repaid−$85.00 MProceeds from Senior Notes: $500,000,000.00Senior debt issued+$500.00 MRepayment of Senior Notes: -$400,000,000.00Senior debt repaid−$400.00 MProceeds from exercise of stock options: $90,000.00Stock option exercises+$90.00 KProceeds from issuance of common stock under employee stock purchase program: $2,828,000.00Employee stock plan proceeds+$2.83 MTaxes paid related to net share settlement of equity awards: -$473,000.00Stock-award tax withholding−$473.00 KRepurchase of common stock for retirement: -$82,093,000.00Common stock repurchases−$82.09 MDividends paid: -$9,310,000.00Dividends paid−$9.31 MRemittance of tariff refund claims: -$72,224,000.00Tariff refund claims paid−$72.22 MDebt refinancing fees: -$9,364,000.00Financing costs paid−$9.36 MNet cash used in financing activities: -$155,546,000.00. Cash required to fund net payments.Financing cash−$155.55 Mfinancing reconciliation: $658,464,000.00Capital expenditures: -$72,355,000.00PP&E purchases−$72.36 MPurchases of intangible assets: -$112,000.00Intangible asset purchases−$112.00 KNet cash used in investing activities: -$72,467,000.00. Cash required to fund net payments.Investing cash−$72.47 Minvesting reconciliation: $72,467,000.00Cash sources and uses: $526,226,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $337,810,000.00Beginning cash$337.81 MEnding cash: Cash, cash equivalents, and restricted cash: $298,213,000.00Ending cash$298.21 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$116.06 MOperating cash − cash spent on PP&ECash flow / Net income1.37×Operating cash flow ÷ net incomeNet cash change−$39.60 MEnding cash − beginning cash
Chart details

Academy Sports and Outdoors, Inc. cash flow reconciliation, May 3, 2026 through Aug 1, 2026

Cash flows for May 3, 2026 through Aug 1, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: May 2, 2026. Ending cash: Aug 1, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on May 2, 2026
337,810,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
188,416,000 US dollars. Net cash provided.
Net income
137,897,000 US dollars
Depreciation and amortization
30,448,000 US dollars
Non-cash lease expense
4,523,000 US dollars
Equity compensation
9,319,000 US dollars
Amortization of deferred loan and other costs
659,000 US dollars
Deferred income taxes
negative 13,720,000 US dollars
Loss on early retirement of debt
1,902,000 US dollars
Accounts receivable, net
negative 5,285,000 US dollars
Merchandise inventories, net
negative 3,013,000 US dollars
Prepaid expenses and other current assets
negative 8,202,000 US dollars
Other noncurrent assets
negative 4,767,000 US dollars
Accounts payable
negative 61,938,000 US dollars
Accrued expenses and other current liabilities
8,752,000 US dollars
Income taxes payable
29,668,000 US dollars
Other long-term liabilities
414,000 US dollars
Loss on tariff refund monetization
61,759,000 US dollars
Investing activities
negative 72,467,000 US dollars. Net cash used.
Capital expenditures
negative 72,355,000 US dollars
Purchases of intangible assets
negative 112,000 US dollars
Financing activities
negative 155,546,000 US dollars. Net cash used.
Repayment of Term Loan
negative 85,000,000 US dollars
Proceeds from Senior Notes
500,000,000 US dollars
Repayment of Senior Notes
negative 400,000,000 US dollars
Proceeds from exercise of stock options
90,000 US dollars
Proceeds from issuance of common stock under employee stock purchase program
2,828,000 US dollars
Taxes paid related to net share settlement of equity awards
negative 473,000 US dollars
Repurchase of common stock for retirement
negative 82,093,000 US dollars
Dividends paid
negative 9,310,000 US dollars
Remittance of tariff refund claims
negative 72,224,000 US dollars
Debt refinancing fees
negative 9,364,000 US dollars
Operating adjustment reconciliation
147,444,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
658,464,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
72,467,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
0 US dollars
Ending cash on Aug 1, 2026
298,213,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
526,226,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 39,597,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
1.37×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
188,416,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
72,355,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
116,061,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $50.52M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 188,416,000 US dollars minus 72,355,000 US dollars equals 116,061,000 US dollars.
Academy Sports and Outdoors, Inc. (ASO) FY2026 Q2 Statement of Cash Flows Sankey chart
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