DECK FY 2009 Earnings Report — Deckers Outdoor Corporation Revenue & Financial Results | Market Cap Arena

Deckers Outdoor CorporationDECK

FY 2009 Earnings

Reported March 2, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$689M	—	$449M	—	53.6%
Op. Income	$117M	—	$106M	—	10.8%
Gross Margin	44.3%	—	46.2%	—	-1.9pp
Net Margin	10.7%	—	14.8%	—	-4.1pp
EPS (Diluted)	$0.31	—	$0.28	—	10.7%
Free Cash Flow	$31M	—	$55M	—	-43.2%

Revenue Flow

Item	Amount
REVENUE	$689M
Cost of Revenue	$384M
GROSS PROFIT	$305M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$153M
Other Expenses	$36M
Operating Expenses	$188M
Cost & Expenses	$537M
OPERATING INCOME	$117M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$121M
Income Tax Expense	$47M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$6M
EBIT	$121M
EBITDA	$127M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$689M
Cost of Revenue	$384M
GROSS PROFIT	$305M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$153M
Other Expenses	$36M
Operating Expenses	$188M
Cost & Expenses	$537M
OPERATING INCOME	$117M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	$4M
INCOME BEFORE TAX	$121M
Income Tax Expense	$47M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$6M
EBIT	$121M
EBITDA	$127M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$6M
Stock-Based Compensation	$10M
Deferred Income Tax	-$22M
Other Non-Cash Items	$43M
Change in Working Capital	-$57M
OPERATING CASH FLOW	$53M
Capital Expenditure	-$22M
Acquisitions (Net)	-$6M
Purchases of Investments	-$204M
Sales/Maturities of Investments	$299M
Other Investing Activities	$0
NET CASH FROM INVESTING	$67M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$31M
Net Change in Cash	$122M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$51M
Net Receivables	$56M
Inventory	$66M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$371M
PP&E (Net)	$30M
Goodwill	$0
Intangible Assets	$26M
Long-Term Investments	$0
Tax Assets	$17M
Other Non-Current Assets	$844.0K
TOTAL NON-CURRENT ASSETS	$75M
TOTAL ASSETS	$446M
Account Payables	$19M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$43M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$4M
TOTAL LIABILITIES	$46M
Common Stock	$131.0K
Additional Paid-In Capital	$118M
Retained Earnings	$281M
Treasury Stock	$0
Accum. Other Comp. Income	$345.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$399M
Minority Interest	$426.0K
TOTAL EQUITY	$399M
TOTAL LIABILITIES & EQUITY	$446M
Total Debt	$0
Net Debt	-$179M