DECK FY 2021 Earnings Report — Deckers Outdoor Corporation Revenue & Financial Results | Market Cap Arena

Deckers Outdoor CorporationDECK

FY 2021 Earnings

Reported May 28, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.1B	—	19.4%
Op. Income	$504M	—	$338M	—	49.1%
Gross Margin	54.0%	—	51.8%	—	2.2pp
Net Margin	15.0%	—	12.9%	—	2.1pp
EPS (Diluted)	$2.25	—	$1.60	—	40.6%
Free Cash Flow	$564M	—	$254M	—	122.2%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.4B
R&D Expenses	$29M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$870M
Other Expenses	-$29M
Operating Expenses	$870M
Cost & Expenses	$2.0B
OPERATING INCOME	$504M
Interest Income	$3M
Interest Expense	$6M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$502M
Income Tax Expense	$119M
Net Income from Continuing Ops	$383M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$383M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$383M
D&A	$41M
EBIT	$508M
EBITDA	$548M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.2B
GROSS PROFIT	$1.4B
R&D Expenses	$29M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$870M
Other Expenses	-$29M
Operating Expenses	$870M
Cost & Expenses	$2.0B
OPERATING INCOME	$504M
Interest Income	$3M
Interest Expense	$6M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$502M
Income Tax Expense	$119M
Net Income from Continuing Ops	$383M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$383M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$383M
D&A	$41M
EBIT	$508M
EBITDA	$548M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$383M
Depreciation & Amortization	$41M
Stock-Based Compensation	$23M
Deferred Income Tax	-$8M
Other Non-Cash Items	$22M
Change in Working Capital	$136M
OPERATING CASH FLOW	$596M
Capital Expenditure	-$32M
Acquisitions (Net)	$49.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	-$31M
Common Stock Repurchased	-$107M
Common Dividends Paid	$0
Other Financing Activities	-$7M
NET CASH FROM FINANCING	-$130M
FREE CASH FLOW	$564M
Net Change in Cash	$440M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$233M
Inventory	$278M
Other Current Assets	$34M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$393M
Goodwill	$14M
Intangible Assets	$42M
Long-Term Investments	$0
Tax Assets	$37M
Other Non-Current Assets	$31M
TOTAL NON-CURRENT ASSETS	$517M
TOTAL ASSETS	$2.2B
Account Payables	$232M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$468M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$79M
TOTAL NON-CURRENT LIABILITIES	$255M
TOTAL LIABILITIES	$723M
Common Stock	$279.0K
Additional Paid-In Capital	$203M
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$17M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$223M
Net Debt	-$866M