Dillard's, Inc. Files 10-Q for Q3 2024

Ticker: DDT · Form: 10-Q · Filed: Dec 6, 2024 · CIK: 28917

Sentiment: neutral

Topics: 10-Q, financials, retail

TL;DR

Dillard's 10-Q is in: Equity details updated as of Nov 2, 2024. All looks normal.

AI Summary

Dillard's, Inc. filed its 10-Q for the period ending November 2, 2024. The company reported its financial results, including details on its stock plans and capital accounts. Specific figures for additional paid-in capital, treasury stock, retained earnings, common stock, and accumulated other comprehensive income as of November 2, 2024, were disclosed.

Why It Matters

This filing provides investors with an update on Dillard's financial health and equity structure, crucial for understanding the company's performance and value.

Risk Assessment

Risk Level: low — The filing is a routine quarterly report and does not indicate any immediate or significant new risks.

Key Numbers

Key Players & Entities

FAQ

What was Dillard's primary business activity during this reporting period?

Dillard's, Inc. operates as a retailer in the department store sector, as indicated by its SIC code 5311.

What is the Central Index Key (CIK) for Dillard's, Inc.?

The CIK for Dillard's, Inc. is 0000028917.

When does the reported fiscal year end for Dillard's, Inc.?

The fiscal year end for Dillard's, Inc. is February 1st (0201).

What specific financial accounts are detailed in the 10-Q filing as of November 2, 2024?

The filing details accounts such as Additional Paid-In Capital, Treasury Stock (Common), Retained Earnings, Common Stock, and Accumulated Other Comprehensive Income as of November 2, 2024.

What is the company's business address?

The business address is 1600 Cantrell Rd, Little Rock, AR 72201.

Filing Stats: 4,405 words · 18 min read · ~15 pages · Grade level 15.9 · Accepted 2024-12-06 16:19:59

Filing Documents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements (Unaudited)

Financial Statements (Unaudited): Condensed Consolidated Balance Sheets as of November 2, 2024, February 3, 2024 and October 28, 2023 3 Condensed Consolidated Statements of Income for the Three and Nine Months Ended November 2, 2024 and October 28, 2023 4 Condensed Consolidated Statements of Comprehensive Income for the Three and Nine Months Ended November 2, 2024 and October 28, 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended November 2, 2024 and October 28, 2023 6 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended November 2, 2024 and October 28, 2023 8 Notes to Condensed Consolidated Financial Statements 9 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 28 Item 4.

Controls and Procedures

Controls and Procedures 28

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 29 Item 1A.

Risk Factors

Risk Factors 29 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 29 Item 5. Other Information 29 Item 6. Exhibits 30

SIGNATURES

SIGNATURES 31 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements. DILLARD'S, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In Thousands) November 2, February 3, October 28, 2024 2024 2023 Assets Current assets: Cash and cash equivalents $ 980,392 $ 808,287 $ 842,001 Accounts receivable 61,741 60,547 57,412 Short-term investments 128,875 148,036 51,257 Merchandise inventories 1,682,217 1,093,999 1,629,245 Other current assets 89,076 97,341 85,646 Total current assets 2,942,301 2,208,210 2,665,561 Property and equipment (net of accumulated depreciation of $ 2,769,402 , $ 2,638,167 and $ 2,699,516 , respectively) 1,030,690 1,074,304 1,094,587 Operating lease assets 35,921 42,681 34,462 Deferred income taxes 64,733 63,951 47,563 Other assets 59,417 59,760 55,761 Total assets $ 4,133,062 $ 3,448,906 $ 3,897,934 Liabilities and stockholders' equity Current liabilities: Trade accounts payable and accrued expenses $ 1,214,982 $ 782,545 $ 1,181,198 Current portion of operating lease liabilities 11,721 11,252 8,461 Federal and state income taxes 10,030 33,959 12,500 Total current liabilities 1,236,733 827,756 1,202,159 Long-term debt 321,541 321,461 321,434 Operating lease liabilities 24,338 31,728 26,246 Other liabilities 387,055 370,893 334,457 Subordinated debentures 200,000 200,000 200,000 Commitments and contingencies Stockholders' equity: Common stock 1,240 1,240 1,240 Additional paid-in capital 968,909 967,348 964,119 Accumulated other comprehensive loss ( 81,376 ) ( 87,208 ) ( 61,689 ) Retained earnings 6,415,270 6,048,288 6,126,277 Less treasury stock, at cost ( 5,340,648 ) ( 5,232,600 ) ( 5,216,309 ) Total stockholders' equity 1,963,395 1,697,068 1,813,638 Total liabilities and stockholders' equity $ 4,133,062 $ 3,448,906 $ 3,897,934 See notes to condensed consolidated

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