DECK FY 2020 Earnings Report — Deckers Outdoor Corporation Revenue & Financial Results | Market Cap Arena

Deckers Outdoor CorporationDECK

FY 2020 Earnings

Reported June 1, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$2.1B	—	$2.0B	—	5.6%
Op. Income	$338M	—	$327M	—	3.3%
Gross Margin	51.8%	—	51.5%	—	0.3pp
Net Margin	12.9%	—	13.1%	—	-0.1pp
EPS (Diluted)	$1.60	—	$1.47	—	8.6%
Free Cash Flow	$254M	—	$330M	—	-23.2%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$766M
Other Expenses	$0
Operating Expenses	$766M
Cost & Expenses	$1.8B
OPERATING INCOME	$338M
Interest Income	$7M
Interest Expense	$5M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$341M
Income Tax Expense	$65M
Net Income from Continuing Ops	$276M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$276M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$276M
D&A	$39M
EBIT	$346M
EBITDA	$385M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.0B
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$766M
Other Expenses	$0
Operating Expenses	$766M
Cost & Expenses	$1.8B
OPERATING INCOME	$338M
Interest Income	$7M
Interest Expense	$5M
Other Income/Expenses	$3M
INCOME BEFORE TAX	$341M
Income Tax Expense	$65M
Net Income from Continuing Ops	$276M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$276M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$276M
D&A	$39M
EBIT	$346M
EBITDA	$385M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$276M
Depreciation & Amortization	$39M
Stock-Based Compensation	$14M
Deferred Income Tax	$3M
Other Non-Cash Items	$5M
Change in Working Capital	-$51M
OPERATING CASH FLOW	$286M
Capital Expenditure	-$32M
Acquisitions (Net)	$491.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	-$464.0K
Common Stock Repurchased	-$197M
Common Dividends Paid	$0
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$192M
FREE CASH FLOW	$254M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$649M
Short-Term Investments	$0
Net Receivables	$203M
Inventory	$312M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$453M
Goodwill	$14M
Intangible Assets	$48M
Long-Term Investments	$0
Tax Assets	$28M
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$571M
TOTAL ASSETS	$1.8B
Account Payables	$148M
Short-Term Debt	$638.0K
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$301M
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$78M
TOTAL NON-CURRENT LIABILITIES	$324M
TOTAL LIABILITIES	$625M
Common Stock	$280.0K
Additional Paid-In Capital	$191M
Retained Earnings	$974M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$296M
Net Debt	-$354M