DECK FY 2018 Earnings Report — Deckers Outdoor Corporation Revenue & Financial Results | Market Cap Arena

Deckers Outdoor CorporationDECK

FY 2018 Earnings

Reported May 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.9B	—	$1.8B	—	6.3%
Op. Income	$223M	—	-$2M	—	11699.0%
Gross Margin	48.9%	—	46.7%	—	2.3pp
Net Margin	6.0%	—	0.3%	—	5.7pp
EPS (Diluted)	$0.60	—	$0.03	—	1888.9%
Free Cash Flow	$293M	—	$155M	—	88.9%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$972M
GROSS PROFIT	$932M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$709M
Other Expenses	$0
Operating Expenses	$709M
Cost & Expenses	$1.7B
OPERATING INCOME	$223M
Interest Income	$3M
Interest Expense	$5M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$221M
Income Tax Expense	$106M
Net Income from Continuing Ops	$114M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$49M
EBIT	$225M
EBITDA	$274M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$972M
GROSS PROFIT	$932M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$709M
Other Expenses	$0
Operating Expenses	$709M
Cost & Expenses	$1.7B
OPERATING INCOME	$223M
Interest Income	$3M
Interest Expense	$5M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$221M
Income Tax Expense	$106M
Net Income from Continuing Ops	$114M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	$49M
EBIT	$225M
EBITDA	$274M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$114M
Depreciation & Amortization	$49M
Stock-Based Compensation	$14M
Deferred Income Tax	$8M
Other Non-Cash Items	$7M
Change in Working Capital	$135M
OPERATING CASH FLOW	$327M
Capital Expenditure	-$35M
Acquisitions (Net)	$116.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$116.0K
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	-$688.0K
Common Stock Repurchased	-$158M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$158M
FREE CASH FLOW	$293M
Net Change in Cash	$138M

Balance Sheet

Item	Amount
Cash & Equivalents	$430M
Short-Term Investments	$0
Net Receivables	$146M
Inventory	$300M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$911M
PP&E (Net)	$220M
Goodwill	$14M
Intangible Assets	$58M
Long-Term Investments	$0
Tax Assets	$38M
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$354M
TOTAL ASSETS	$1.3B
Account Payables	$94M
Short-Term Debt	$578.0K
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$189M
Long-Term Debt	$32M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$103M
TOTAL NON-CURRENT LIABILITIES	$134M
TOTAL LIABILITIES	$324M
Common Stock	$304.0K
Additional Paid-In Capital	$168M
Retained Earnings	$786M
Treasury Stock	$0
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$941M
Minority Interest	$0
TOTAL EQUITY	$941M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$32M
Net Debt	-$398M