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Dollar General cash flow, quarter by quarter

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

Free cash flow$374M in Q2 FY27 · $2.0B over twelve months

Operating cash flow$781M
Capital spending−$407M
Free cash flow+$374M
Cash / net income1.4×

Analysis

In Q2 FY27, Dollar General generated $781M of operating cash flow and spent $407M on capital projects, leaving free cash flow of $374M.

Over the twelve months to Jul 31, 2026, operating cash flow was $3.3B; the largest uses were capital spending ($1.3B), net borrowing (+) / repaid (−) ($1.2B), dividends ($520M); besides operations, cash came from asset & business sales ($5.7M); the cash balance rose by $305M.

Operating cash flow was $781M against net income of $550M — 1.4× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$278M, income taxes payable −$242M, accrued liabilities +$188M.

Free cash flow

Dollar General: free cash flow by quarterDollar General: free cash flow by quarter$201MQ3 FY25$528MQ4 FY25$556MQ1 FY26$565MQ2 FY26$690MQ3 FY26$582MQ4 FY26$365MQ1 FY27$374MQ2 FY27
Operating cash flow less capital spending.
Dollar General: operating cash flow against capital spendingDollar General: operating cash flow against capital spendingOperating cash flowCapital spending$542M$341MQ3 FY25$801M$273MQ4 FY25$847M$291MQ1 FY26$968M$403MQ2 FY26$1.0B$314MQ3 FY26$816M$234MQ4 FY26$716M$352MQ1 FY27$781M$407MQ2 FY27
Latest (Q2 FY27): Operating cash flow $781M, Capital spending $407M.

Capital allocation, year by year

Dollar General: where the cash came from (up) and went (down), by fiscal yearDollar General: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingBuybacksDividendsFY22: Operating cash flow $2.9BFY22: Net borrowing $47.9MFY22: Asset sales $4.9MFY22: Capital spending −$1.1BFY22: Buybacks −$2.5BFY22: Dividends −$392M$2.9BFY22FY23: Operating cash flow $2.0BFY23: Net borrowing $2.8BFY23: Asset sales $5.2MFY23: Capital spending −$1.6BFY23: Buybacks −$2.7BFY23: Dividends −$494M$4.8BFY23FY24: Operating cash flow $2.4BFY24: Net borrowing −$23.4MFY24: Asset sales $6.2MFY24: Capital spending −$1.7BFY24: Dividends −$518M$2.4BFY24FY25: Operating cash flow $3.0BFY25: Net borrowing −$770MFY25: Asset sales $3.6MFY25: Capital spending −$1.3BFY25: Dividends −$519M$3.0BFY25FY26: Operating cash flow $3.6BFY26: Net borrowing −$1.7BFY26: Asset sales $4.0MFY26: Capital spending −$1.2BFY26: Dividends −$520M$3.6BFY26
Over these 5 years operating cash flow totalled $13.9B; the largest uses were capital spending ($6.9B) and buybacks ($5.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$1.6B
Debt$4.6B
Net debt$3.0B
Due within a year$14.4M

Dollar General funds itself: free cash flow was $2.0B over the last twelve months, and $1.6B of cash and investments stands against $4.6B of debt ($14.4M due within a year, 110.4× covered by cash).

Dollar General: debt maturities by year (FY26)Dollar General: debt maturities by year (FY26)$14.4MYear 1$12.7MYear 2$1.0BYear 3$7.1MYear 4$1.0BYear 5$2.6BAfter year 5
Principal due in each year as disclosed in the annual report, against $1.6B of cash and investments now.

Where the cash came from and went

Dollar General: sources (+) and uses (−) of cash, Q2 FY27Dollar General: sources (+) and uses (−) of cash, Q2 FY27Operating cash flow$781MCapital spending−$407MCash drawn (+) / kept (−)−$236MDividends−$130MNet borrowing (+) / repaid (−)−$7.8MOther financing$405KAsset & business sales$366K
Dollar General: sources (+) and uses (−) of cash, TTM to Q2 FY27Dollar General: sources (+) and uses (−) of cash, TTM to Q2 FY27Operating cash flow$3.3BCapital spending−$1.3BNet borrowing (+) / repaid (−)−$1.2BDividends−$520MCash drawn (+) / kept (−)−$305MOther financing−$11.8MAsset & business sales$5.7M

From profit to cash

Dollar General: net income to operating cash flow, Q2 FY27Dollar General: net income to operating cash flow, Q2 FY27Net income$550MDepreciation & amortization$278MStock-based pay$24.2MOther non-cash$28.8MInventory$59.2MPayables−$18.0MAccrued liabilities$188MPrepaid and other assets−$114MIncome taxes payable−$242MOperating cash flow$781M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 FY27$781M−$407M−$130M−$7.8M−$236M$374M
Q1 FY27$716M−$352M−$130M−$4.1M−$215M$365M
Q4 FY26$816M−$234M−$130M−$562M$102M$582M
Q3 FY26$1.0B−$314M−$130M−$605M$43.9M$690M
Q2 FY26$968M−$403M−$130M−$4.3M−$435M$565M
Q1 FY26$847M−$291M−$130M−$505M$82.6M$556M
Q4 FY25$801M−$273M−$130M−$4.6M−$395M$528M
Q3 FY25$542M−$341M−$130M−$755M$685M$201M

Dollar General: income statement and cash flow

Dollar General, Q2 FY27: revenue $11.3B (+5% year over year), operating margin 6.8%. The chart follows the revenue to costs, profit and cash.

Dollar General: 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.