Hibbett, Inc. (HIBB) Financial Statements (2024 and earlier)

Company Profile

Business Address 2700 MILAN COURT
BIRMINGHAM, AL 35211
State of Incorp. DE
Fiscal Year End January 31
Industry (SIC) 594 - Miscellaneous Shopping Goods Stores (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

10/31/2023
MRQ
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,01517,0546,900 61,75673,544
Cash and cash equivalents16,01517,0546,900 61,75673,544
Receivables12,85013,60711,905 9,4706,599
Inventory, net of allowances, customer advances and progress billings420,839221,219202,038 280,287253,201
Inventory420,839221,219202,038 280,287253,201
Prepaid expense 16,089   100500
Other current assets7,26225,134    
Other undisclosed current assets   218,957 16,24312,930
Total current assets:473,055277,014439,800 367,856346,774
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization2,2792,1863,285 ✕✕
Operating lease, right-of-use asset263,391243,751216,224 ✕✕
Property, plant and equipment169,476145,967107,159 115,394109,698
Intangible assets, net (including goodwill)23,50023,50023,500 55,533 
Goodwill     23,133 
Intangible assets, net (excluding goodwill)23,50023,50023,500 32,400 
Deferred income tax assets3,0257,18714,625 ✕✕
Other noncurrent assets4,4343,6123,573 5,0043,198
Other undisclosed noncurrent assets     2,2782,176
Total noncurrent assets:466,105426,203368,366 178,209115,072
TOTAL ASSETS:939,160703,217808,166 546,065461,846
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities202,009111,967137,163 121,244103,859
Employee-related liabilities✕✕26,32029,948 13,92910,424
Accounts payable190,64885,647107,215 107,31593,435
Accrued liabilities11,361     
Deferred revenue4,1003,7003,400 ✕✕
Debt37,396975956 36,017663
Deferred rent credit     5,838✕
Deferred revenue and credits✕✕✕✕✕✕5,909
Other liabilities15,80313,40128,588 10,1745,136
Other undisclosed current liabilities68,44464,82155,213   
Total current liabilities:327,752194,864225,320 173,273115,567
Noncurrent Liabilities
Long-term debt and lease obligation1,305213,776188,732 1,9942,522
Capital lease obligations✕✕✕✕✕1,9942,522
Finance lease, liability1,3051,4272,599 ✕✕
Liabilities, other than long-term debt233,8723,0623,078 34,74924,161
Deferred revenue and credits✕✕✕✕✕✕20,291
Deferred rent credit     19,522✕
Deferred tax liabilities, net✕✕✕✕✕1,4011,294
Deferred income tax liabilities 368546725 ✕✕
Other liabilities4,1162,5162,353 13,8262,576
Operating lease, liability229,388212,349186,133 ✕✕
Total noncurrent liabilities:235,177216,838191,810 36,74326,683
Total liabilities:562,929411,702417,130 210,016142,250
Equity
Equity, attributable to parent376,231291,515391,036 336,049319,596
Common stock399396394 390389
Treasury stock, value(974,831)(933,927)(662,843) (609,770)(593,230)
Additional paid in capital213,182202,729194,534 185,752180,536
Retained earnings1,137,4811,022,317858,951 759,677731,901
Total equity:376,231291,515391,036 336,049319,596
TOTAL LIABILITIES AND EQUITY:939,160703,217808,166 546,065461,846

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Revenues1,708,3161,691,1841,419,657 1,008,682968,219
Revenue, net✕✕✕✕✕✕968,219
Cost of revenue
(Cost of Goods and Services Sold)		(1,106,415)(1,044,777)(915,169) (679,947)(655,502)
Gross profit:601,901646,407504,488 328,735312,717
Operating expenses(433,482)(418,241)(386,439) (291,194)(256,039)
Other undisclosed operating loss   (19,661)   
Operating income:168,419228,16698,388 37,54156,678
Nonoperating income
(Investment Income, Nonoperating)		 12443127 73139
Interest and debt expense(1,579)(317)(563) (714)(270)
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income from continuing operations before equity method investments, income taxes:166,964227,89297,952 37,55856,447
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:166,964227,89297,952 37,55856,447
Income tax expense(38,907)(53,579)(23,686) (9,137)(21,417)
Income from continuing operations:128,057174,31374,266 28,42135,030
Income before gain (loss) on sale of properties:✕✕174,31374,266 28,42135,030
Net income available to common stockholders, diluted:128,057174,31374,266 28,42135,030

Comprehensive Income ($ in thousands)
Annual | Quarterly

10/31/2023
TTM
1/31/2023
1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
Net income:128,057174,31374,266 28,42135,030
Comprehensive income, net of tax, attributable to parent:128,057174,31374,266 28,42135,030

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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