DECK FY 2023 Earnings Report — Deckers Outdoor Corporation Revenue & Financial Results | Market Cap Arena

Deckers Outdoor CorporationDECK

FY 2023 Earnings

Reported May 26, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$3.6B	—	$3.2B	—	15.1%
Op. Income	$653M	—	$565M	—	15.6%
Gross Margin	50.3%	—	51.0%	—	-0.7pp
Net Margin	14.2%	—	14.3%	—	-0.1pp
EPS (Diluted)	$3.23	—	$2.71	—	19.2%
Free Cash Flow	$456M	—	$121M	—	276.1%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.8B
R&D Expenses	$39M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	-$39M
Operating Expenses	$1.2B
Cost & Expenses	$3.0B
OPERATING INCOME	$653M
Interest Income	$16M
Interest Expense	$3M
Other Income/Expenses	$13M
INCOME BEFORE TAX	$666M
Income Tax Expense	$149M
Net Income from Continuing Ops	$517M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$517M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$517M
D&A	$47M
EBIT	$670M
EBITDA	$717M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.8B
R&D Expenses	$39M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.2B
Other Expenses	-$39M
Operating Expenses	$1.2B
Cost & Expenses	$3.0B
OPERATING INCOME	$653M
Interest Income	$16M
Interest Expense	$3M
Other Income/Expenses	$13M
INCOME BEFORE TAX	$666M
Income Tax Expense	$149M
Net Income from Continuing Ops	$517M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$517M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$517M
D&A	$47M
EBIT	$670M
EBITDA	$717M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$517M
Depreciation & Amortization	$48M
Stock-Based Compensation	$27M
Deferred Income Tax	-$10M
Other Non-Cash Items	$10M
Change in Working Capital	-$54M
OPERATING CASH FLOW	$537M
Capital Expenditure	-$81M
Acquisitions (Net)	$12.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$81M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$314M
Common Dividends Paid	$0
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$309M
FREE CASH FLOW	$456M
Net Change in Cash	$138M

Balance Sheet

Item	Amount
Cash & Equivalents	$982M
Short-Term Investments	$0
Net Receivables	$322M
Inventory	$533M
Other Current Assets	$40M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$480M
Goodwill	$14M
Intangible Assets	$37M
Long-Term Investments	$0
Tax Assets	$73M
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$646M
TOTAL ASSETS	$2.6B
Account Payables	$266M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$497M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$293M
TOTAL LIABILITIES	$790M
Common Stock	$262.0K
Additional Paid-In Capital	$233M
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$39M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$246M
Net Debt	-$735M