Filing Flows

Filing Flows › Companies › Academy Sports & Outdoors › Cash flow

Academy Sports & Outdoors cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$116M in Q2 FY27 · $331M over twelve months

Operating cash flow$188M
Capital spending−$72.4M
Free cash flow+$116M
Cash / net income1.4×
Cash conversion cycle82 days

Analysis

In Q2 FY27, Academy Sports & Outdoors generated $188M of operating cash flow and spent $72.4M on capital projects, leaving free cash flow of $116M.

Over the twelve months to Aug 1, 2026, operating cash flow was $548M; the largest uses were buybacks ($280M), capital spending ($216M), net borrowing (+) / repaid (−) ($87.2M); besides operations, cash came from other investing ($40.7M), other financing ($34.1M); the cash balance fell by $2.6M.

Operating cash flow was $188M against net income of $138M — 1.4× profit, cash ran ahead of reported earnings. The largest differences: payables −$61.9M, depreciation & amortization +$30.4M, income taxes payable +$29.7M.

Its cash conversion cycle was 82 days (receivables 1 + inventory 154 − payables 73).

Free cash flow

Academy Sports & Outdoors: free cash flow by quarterAcademy Sports & Outdoors: free cash flow by quarter$34.4MQ3 FY25$76.4MQ4 FY25$107MQ1 FY26$21.8MQ2 FY26−$13.6MQ3 FY26$107MQ4 FY26$122MQ1 FY27$116MQ2 FY27
Operating cash flow less capital spending.
Academy Sports & Outdoors: operating cash flow against capital spendingAcademy Sports & Outdoors: operating cash flow against capital spendingOperating cash flowCapital spending$96.9M$62.4MQ3 FY25$140M$63.7MQ4 FY25$157M$50.8MQ1 FY26$78.6M$56.7MQ2 FY26$49.0M$62.6MQ3 FY26$150M$42.5MQ4 FY26$161M$38.9MQ1 FY27$188M$72.4MQ2 FY27
Latest (Q2 FY27): Operating cash flow $188M, Capital spending $72.4M.

Capital allocation, year by year

Academy Sports & Outdoors: where the cash came from (up) and went (down), by fiscal yearAcademy Sports & Outdoors: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY22: Operating cash flow $673MFY22: Net borrowing −$102MFY22: Shares issued $48.6MFY22: Capital spending −$75.8MFY22: Buybacks −$411M$722MFY22FY23: Operating cash flow $552MFY23: Net borrowing −$103MFY23: Shares issued $21.2MFY23: Capital spending −$108MFY23: Buybacks −$489MFY23: Dividends −$24.6M$573MFY23FY24: Operating cash flow $536MFY24: Net borrowing −$103MFY24: Shares issued $16.6MFY24: Asset sales $2.2MFY24: Capital spending −$208MFY24: Buybacks −$203MFY24: Dividends −$27.2M$555MFY24FY25: Operating cash flow $528MFY25: Net borrowing −$3.0MFY25: Shares issued $4.3MFY25: Asset sales $14.2MFY25: Capital spending −$200MFY25: Buybacks −$365MFY25: Dividends −$31.5M$547MFY25FY26: Operating cash flow $435MFY26: Net borrowing −$3.0MFY26: Shares issued $4.4MFY26: Asset sales $41.4MFY26: Capital spending −$213MFY26: Buybacks −$199MFY26: Dividends −$34.7M$481MFY26
Over these 5 years operating cash flow totalled $2.7B; the largest uses were buybacks ($1.7B) and capital spending ($804M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$298M
Debt$494M
Net debt$196M
Due within a year$3.0M

Academy Sports & Outdoors funds itself: free cash flow was $331M over the last twelve months, and $298M of cash and investments stands against $494M of debt ($3.0M due within a year, 99.4× covered by cash).

Academy Sports & Outdoors: debt maturities by year (FY26)Academy Sports & Outdoors: debt maturities by year (FY26)$3.0MYear 1$483MYear 2
Principal due in each year as disclosed in the annual report, against $298M of cash and investments now.

Where the cash came from and went

Academy Sports & Outdoors: sources (+) and uses (−) of cash, Q2 FY27Academy Sports & Outdoors: sources (+) and uses (−) of cash, Q2 FY27Operating cash flow$188MNet borrowing (+) / repaid (−)−$85.0MBuybacks−$82.1MCapital spending−$72.4MCash drawn (+) / kept (−)$39.6MOther financing$21.2MDividends−$9.3MTaxes on employees’ shares−$473KOther investing−$112KShares issued$90K
Academy Sports & Outdoors: sources (+) and uses (−) of cash, TTM to Q2 FY27Academy Sports & Outdoors: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow$548MBuybacks−$280MCapital spending−$216MNet borrowing (+) / repaid (−)−$87.2MOther investing$40.7MDividends−$36.2MOther financing$34.1MTaxes on employees’ shares−$7.5MCash drawn (+) / kept (−)$2.6MShares issued$2.6M

From profit to cash

Academy Sports & Outdoors: net income to operating cash flow, Q2 FY27Academy Sports & Outdoors: net income to operating cash flow, Q2 FY27Net income$138MDepreciation & amortization$30.4MStock-based pay$9.3MDeferred taxes−$13.7MReceivables−$5.3MInventory−$3.0MPayables−$61.9MPrepaid and other assets−$8.2MOther liabilities$414KIncome taxes payable$29.7MOperating cash flow$188M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY2711547382
Q1 FY2721496982
Q4 FY2611285772
Q3 FY2611688288
Q2 FY2611407468
Q1 FY2611467573
Q4 FY2511135559
Q3 FY2511487574

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27$188M−$72.4M−$82.1M−$9.3M−$85.0M$90K$39.6M$116M
Q1 FY27$161M−$38.9M−$98.4M−$9.6M−$750K$715K−$7.5M$122M
Q4 FY26$150M−$42.5M−$99.9M−$8.6M—$793K−$40.8M$107M
Q3 FY26$49.0M−$62.6M—−$8.7M−$750K$960K$11.4M−$13.6M
Q2 FY26$78.6M−$56.7M—−$8.6M−$750K$1.1M−$15.8M$21.8M
Q1 FY26$157M−$50.8M−$99.0M−$8.7M−$750K$1.5M$3.8M$107M
Q4 FY25$140M−$63.7M−$91.1M−$7.6M—$514K$7.1M$76.4M
Q3 FY25$96.9M−$62.4M−$53.4M−$7.7M−$750K$234K$28.6M$34.4M

Academy Sports & Outdoors: income statement and cash flow

Academy Sports & Outdoors, Q2 FY27: revenue $1.6B (+3% year over year), operating margin 15.0%. The chart follows the revenue to costs, profit and cash.

Academy Sports & Outdoors: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.