DECK FY 2016 Earnings Report — Deckers Outdoor Corporation Revenue & Financial Results | Market Cap Arena

Deckers Outdoor CorporationDECK

FY 2016 Earnings

Reported May 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.8B	—	3.2%
Op. Income	$162M	—	$224M	—	-27.8%
Gross Margin	45.2%	—	48.3%	—	-3.2pp
Net Margin	6.5%	—	8.9%	—	-2.4pp
EPS (Diluted)	$0.62	—	$0.78	—	-20.6%
Free Cash Flow	$55M	—	$69M	—	-20.4%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.0B
GROSS PROFIT	$847M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$685M
Other Expenses	$0
Operating Expenses	$685M
Cost & Expenses	$1.7B
OPERATING INCOME	$162M
Interest Income	$420.0K
Interest Expense	$6M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$157M
Income Tax Expense	$35M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$50M
EBIT	$163M
EBITDA	$213M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.0B
GROSS PROFIT	$847M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$685M
Other Expenses	$0
Operating Expenses	$685M
Cost & Expenses	$1.7B
OPERATING INCOME	$162M
Interest Income	$420.0K
Interest Expense	$6M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$157M
Income Tax Expense	$35M
Net Income from Continuing Ops	$122M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$122M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$122M
D&A	$50M
EBIT	$163M
EBITDA	$213M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$122M
Depreciation & Amortization	$50M
Stock-Based Compensation	$7M
Deferred Income Tax	$8M
Other Non-Cash Items	$34M
Change in Working Capital	-$96M
OPERATING CASH FLOW	$126M
Capital Expenditure	-$71M
Acquisitions (Net)	$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$67M
Net Debt Issuance	-$493.0K
Common Stock Repurchased	-$98M
Common Dividends Paid	$0
Other Financing Activities	$62M
NET CASH FROM FINANCING	-$37M
FREE CASH FLOW	$55M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$246M
Short-Term Investments	$0
Net Receivables	$184M
Inventory	$300M
Other Current Assets	$18M
TOTAL CURRENT ASSETS	$786M
PP&E (Net)	$237M
Goodwill	$128M
Intangible Assets	$83M
Long-Term Investments	$0
Tax Assets	$21M
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$492M
TOTAL ASSETS	$1.3B
Account Payables	$101M
Short-Term Debt	$67M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$238M
Long-Term Debt	$33M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$72M
TOTAL LIABILITIES	$311M
Common Stock	$320.0K
Additional Paid-In Capital	$161M
Retained Earnings	$826M
Treasury Stock	$0
Accum. Other Comp. Income	-$21M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$967M
Minority Interest	$0
TOTAL EQUITY	$967M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$100M
Net Debt	-$146M