Dollar General Q2 2024: Stock and Equity Updates
Ticker: DG · Form: 10-Q · Filed: Aug 29, 2024 · CIK: 29534
| Field | Detail |
|---|---|
| Company | Dollar General CORP (DG) |
| Form Type | 10-Q |
| Filed Date | Aug 29, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.875 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, earnings, equity
TL;DR
DG's Q2 2024 10-Q shows stock buybacks and equity changes. All good.
AI Summary
Dollar General Corp. reported its second quarter results for the period ending August 2, 2024. The company's filing details common stock activity and changes in retained earnings, additional paid-in capital, and accumulated other comprehensive income as of August 2, 2024, compared to previous periods in 2024 and 2023.
Why It Matters
This filing provides insight into Dollar General's capital structure and shareholder equity movements, which can influence investor confidence and stock valuation.
Risk Assessment
Risk Level: low — This filing is a routine quarterly report and does not indicate any immediate or significant new risks.
Key Numbers
- 2024-08-02 — Reporting Period End (Indicates the end of the fiscal quarter for which results are reported.)
- 2024-08-29 — Filing Date (The date the report was officially submitted to the SEC.)
Key Players & Entities
- DOLLAR GENERAL CORP (company) — Filer
- 20240802 (date) — Reporting period end date
- 20240829 (date) — Filing date
FAQ
What was the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing was for the period ending August 2, 2024.
What is the company's Central Index Key (CIK)?
The company's Central Index Key (CIK) is 0000029534.
What is Dollar General Corp.'s Standard Industrial Classification (SIC) code?
Dollar General Corp.'s Standard Industrial Classification (SIC) code is 5331, which corresponds to Retail - Variety Stores.
When was the company incorporated or formed?
The filing indicates the state of incorporation is TN (Tennessee).
What specific financial statement components are mentioned as having updated values as of August 2, 2024?
The filing mentions updated values for common stock, retained earnings, additional paid-in capital, and accumulated other comprehensive income as of August 2, 2024.
Filing Stats: 4,531 words · 18 min read · ~15 pages · Grade level 13.4 · Accepted 2024-08-29 06:59:17
Key Financial Figures
- $0.875 — ch registered Common Stock, par value $0.875 per share DG New York Stock Exchang
Filing Documents
- dg-20240802x10q.htm (10-Q) — 1277KB
- dg-20240802xex10d2.htm (EX-10.2) — 71KB
- dg-20240802xex15.htm (EX-15) — 4KB
- dg-20240802xex31.htm (EX-31) — 16KB
- dg-20240802xex32.htm (EX-32) — 9KB
- 0001558370-24-012525.txt ( ) — 4730KB
- dg-20240802.xsd (EX-101.SCH) — 28KB
- dg-20240802_cal.xml (EX-101.CAL) — 37KB
- dg-20240802_def.xml (EX-101.DEF) — 111KB
- dg-20240802_lab.xml (EX-101.LAB) — 259KB
- dg-20240802_pre.xml (EX-101.PRE) — 191KB
- dg-20240802x10q_htm.xml (XML) — 665KB
Financial Statements
Item 1. Financial Statements 2 Condensed Consolidated Balance Sheets 2 Condensed Consolidated Statements of Income 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Statements of Shareholders' Equity 5 Condensed Consolidated Statement of Cash Flows 6 Notes to Condensed Consolidated Financial Statements 7 Report of Independent Registered Public Accounting Firm 15
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16
Quantitative and Qualitative Disclosures About Market Risk
Item 3. Quantitative and Qualitative Disclosures About Market Risk 23
Controls and Procedures
Item 4. Controls and Procedures 23 Part II Other Information
Legal Proceedings
Item 1. Legal Proceedings 24
Risk Factors
Item 1A. Risk Factors 24
Other Information
Item 5. Other Information 24
Exhibits
Item 6. Exhibits 24 Cautionary Disclosure Regarding Forward-Looking Statements 25 Exhibit Index 28 Signature 29 1
—FINANCIAL INFORMATION
PART I—FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS . DOLLAR GENERAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) August 2, February 2, 2024 2024 ASSETS Current assets: Cash and cash equivalents $ 1,222,691 $ 537,283 Merchandise inventories 7,000,569 6,994,266 Income taxes receivable 61,495 112,262 Prepaid expenses and other current assets 439,487 366,913 Total current assets 8,724,242 8,010,724 Net property and equipment 6,269,480 6,087,722 Operating lease assets 11,220,287 11,098,228 Goodwill 4,338,589 4,338,589 Other intangible assets, net 1,199,700 1,199,700 Other assets, net 61,467 60,628 Total assets $ 31,813,765 $ 30,795,591 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Current portion of long-term obligations $ 769,194 $ 768,645 Current portion of operating lease liabilities 1,425,680 1,387,083 Accounts payable 3,869,267 3,587,374 Accrued expenses and other 1,064,845 971,890 Income taxes payable 12,201 10,709 Total current liabilities 7,141,187 6,725,701 Long-term obligations 6,235,166 6,231,539 Long-term operating lease liabilities 9,783,954 9,703,499 Deferred income taxes 1,138,829 1,133,784 Other liabilities 254,391 251,949 Commitments and contingencies Shareholders' equity: Preferred stock — — Common stock 192,423 192,206 Additional paid-in capital 3,788,091 3,757,005 Retained earnings 3,277,439 2,799,415 Accumulated other comprehensive income (loss) 2,285 493 Total shareholders' equity 7,260,238 6,749,119 Total liabilities and shareholders' equity $ 31,813,765 $ 30,795,591 See notes to condensed consolidated financial statements. 2 DOLLAR GENERAL CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (In thousands, except per share amounts) For the 13 weeks ended For the 26 weeks ended August 2, Augus