Adjustments for Non-Cash Items

Stock-Based Compensation

Changes in Working Capital

Capital Expenditures (CapEx)

Proceeds from / Repayments of Debt

Share Repurchases

Dividend Payments

Net Change in Cash

82cd95f5fa942fb7455842d085e7b988cf0a6e1b7668991218c24ee4d85c1d06

Consumables

Seasonal

Home Products

Apparel

Total Revenue

a7734a0200c8860554384fd1d9dcbf5c74deefbcac61b3cdd22718dabf6b7d13

ec8ad77b8ee5c99b63e4f80b87c51d2b3f6bfe6dd783a3a6ff9e55d449ec5dd7

74298b6ecc297a53e8ba67d1c19fb7d982db7f2feea9c9e3f6e068fbceb61fca

Total Number of Stores (stores)

New Stores Opened in the Third Quarter of 2024 (stores)

Remodeled Stores in the Third Quarter of 2024 (stores)

Relocated Stores in the Third Quarter of 2024 (stores)

New Stores Opened Year to Date 2024 (stores)

Remodeled or Relocated Stores Year to Date 2024 (stores)

Number of Same-Stores (stores)

Number of pOpshelf Stores (stores)

Same-Store Sales Percentage Change in the Third Quarter of 2024 (percent)

Same-Store Sales Percentage Change Year to Date 2024 (percent)

Average Transaction Amount Change in the Third Quarter of 2024 (percent)

Customer Traffic Change in the Third Quarter of 2024 (percent)

Average Transaction Amount Change Year to Date 2024 (percent)

Customer Traffic Change Year to Date 2024 (percent)

Average Sales Per Square Foot (USD per square foot)

Inventory Turnover (times)

05311471c7f7313275d3eb323c61f8f8443fbeca7b581c5cdeb1fe2b4e78f4cb

Net income (USD, thousands)

Depreciation and amortization (USD, thousands)

Noncash share-based compensation (USD, thousands)

Other noncash (gains) and losses (USD, thousands)

Income taxes (USD, thousands)

Other (USD, thousands)

Net cash provided by (used in) operating activities (USD, thousands)

Purchases of property and equipment (USD, thousands)

Proceeds from sales of property and equipment (USD, thousands)

Net cash provided by (used in) investing activities (USD, thousands)

Issuance of long-term obligations (USD, thousands)

Repayments of long-term obligations (USD, thousands)

Net increase (decrease) in commercial paper outstanding (USD, thousands)

Borrowings under revolving credit facilities (USD, thousands)

Repayments of borrowings under revolving credit facilities (USD, thousands)

Costs associated with issuance of debt (USD, thousands)

Payments of cash dividends (USD, thousands)

Other equity and related transactions (USD, thousands)

Net cash provided by (used in) financing activities (USD, thousands)

Net increase (decrease) in cash and cash equivalents (USD, thousands)

Right of use assets obtained in exchange for new operating lease liabilities (USD, thousands)

Purchases of property and equipment awaiting processing for payment, included in Accounts payable (USD, thousands)

Deferred income taxes (USD, thousands)

Merchandise inventories (USD, thousands)

Prepaid expenses and other current assets (USD, thousands)

Accounts payable (USD, thousands)

Accrued expenses and other liabilities (USD, thousands)

Cash and cash equivalents, beginning of period (USD, thousands)

Cash and cash equivalents, end of period (USD, thousands)

8394bcfd34278d4c280bd338c982d2316264b4cd310f814410a53deb5f9e1a64

Net sales (USD, thousands)

Cost of goods sold (USD, thousands)

Gross profit (USD, thousands)

Selling, general and administrative expenses (USD, thousands)

Operating profit (USD, thousands)

Interest expense, net (USD, thousands)

Income before income taxes (USD, thousands)

Income tax expense (USD, thousands)

Basic earnings per share (USD)

Diluted earnings per share (USD)

Weighted average shares outstanding, Basic (thousands)

Weighted average shares outstanding, Diluted (thousands)

Dividends per share (USD)

9e59ad0496f5cfa5434e3ce88209d27be67637ad33ba14ec7c4cf8325cfd6df2

1326ff7d5c09afcefa278e4f9b8d7e80e99bb14416b8ad663d547fa233dd115f

The **high level of cash and cash equivalents in Q2 2025** resulted from **improved cash flow from operations**, where the company generated **$1.7 billion in cash flows from operations year-to-date**—a **127% increase** compared to the previous year. This substantial operational improvement, combined with **effective inventory management** (notably a reduction in merchandise inventories from **$7.53 billion** to **$7 billion**), and an overall focus on **working capital optimization**, significantly boosted its cash reserves.  **[0001104659-24-094354_tm2422849d1_ex99.htm:7]** **[0001558370-24-012525_dg-20240802x10q.htm:2]** **[DG_3400213_5]** 

Why was Cash and cash equivalents so high in Q2 2025?

The documents do not provide a definitive explanation for the sharp decline in cash levels from **1,222,691 USD thousands in Q2 2025**  **[0001558370-24-012525_dg-20240802x10q.htm:2]**  to **537,257 USD thousands in Q3 2025**.  **[0001558370-24-016024_dg-20241101x10q.htm:6]**  One document discusses factors such as **operational performance, disciplined expense management, and strategic capital allocation** in the context of cash changes over the year  **[0001104659-24-125759_tm2429662d1_ex99.htm:8]** , but these factors are mentioned regarding an overall increase rather than the specific decline observed in Q3 2025. Therefore, based solely on the available information, the exact drivers of the Q3 2025 decline remain unspecified.  **[0001558370-24-012525_dg-20240802x10q.htm:2]** **[0001558370-24-016024_dg-20241101x10q.htm:6]** **[0001104659-24-125759_tm2429662d1_ex99.htm:8]** 

What drove the sharp decline in Cash and cash equivalents in Q3 2025?

The drop was primarily due to the **redemption of $750 million aggregate principal amount of 4.25% senior notes due September 2024**, which removed these liabilities from the current portion of long-term obligations.  **[0001104659-24-125759_tm2429662d1_ex99.htm:8]** **[0001558370-24-016024_dg-20241101x10q.htm:15]** 

Why did the current portion of long-term obligations drop so much in Q3 2025?

The documents show that **Q2 2025 Total Assets were 31,813,765 (USD, thousands)  **[0001558370-24-012525_dg-20240802x10q.htm:2]** ** and **Q3 2025 Total Assets were 31,460,415 (USD, thousands)  **[0001558370-24-016024_dg-20241101x10q.htm:6]** **, indicating a decrease of about **353,350 (thousands)**. However, the provided explanation in the documents details why total assets increased in a different period (from February 2024 to November 2024) rather than addressing the decrease from Q2 2025 to Q3 2025.  **[0001104659-24-125759_tm2429662d1_ex99.htm:8]** **[0001558370-24-016024_dg-20241101x10q.htm:6]**  Therefore, based solely on the available information, there is no definitive explanation for the decrease in Q3 2025.

What caused Total assets to decrease in Q3 2025?

41030c9a5846f7d043986046e254ee527c9e24dd91a1ab1b371c45fc4232417e

Dollar General Corp (DG)

Financials