DECK FY 2008 Earnings Report — Deckers Outdoor Corporation Revenue & Financial Results | Market Cap Arena

Deckers Outdoor CorporationDECK

FY 2008 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$449M	—	$304M	—	47.5%
Op. Income	$106M	—	$51M	—	105.2%
Gross Margin	46.2%	—	46.2%	—	-0.0pp
Net Margin	14.8%	—	10.1%	—	4.7pp
EPS (Diluted)	$0.28	—	$0.13	—	113.9%
Free Cash Flow	$55M	—	$43M	—	27.3%

Revenue Flow

Item	Amount
REVENUE	$449M
Cost of Revenue	$241M
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$102M
Other Expenses	$0
Operating Expenses	$102M
Cost & Expenses	$343M
OPERATING INCOME	$106M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$110M
Income Tax Expense	$44M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$4M
EBIT	$106M
EBITDA	$109M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$449M
Cost of Revenue	$241M
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$102M
Other Expenses	$0
Operating Expenses	$102M
Cost & Expenses	$343M
OPERATING INCOME	$106M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$110M
Income Tax Expense	$44M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$4M
EBIT	$106M
EBITDA	$109M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$4M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	$10M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$61M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$225M
Sales/Maturities of Investments	$176M
Other Investing Activities	$54.0K
NET CASH FROM INVESTING	-$56M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$13M
NET CASH FROM FINANCING	$15M
FREE CASH FLOW	$55M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$81M
Short-Term Investments	$102M
Net Receivables	$41M
Inventory	$49M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$286M
PP&E (Net)	$16M
Goodwill	$0
Intangible Assets	$54M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$772.0K
TOTAL NON-CURRENT ASSETS	$73M
TOTAL ASSETS	$359M
Account Payables	$25M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$44M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$3M
TOTAL LIABILITIES	$46M
Common Stock	$130.0K
Additional Paid-In Capital	$106M
Retained Earnings	$206M
Treasury Stock	$0
Accum. Other Comp. Income	$458.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$313M
Minority Interest	$0
TOTAL EQUITY	$313M
TOTAL LIABILITIES & EQUITY	$359M
Total Debt	$0
Net Debt	-$81M