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Deckers Outdoor Corp. (NYSE:DECK)

This company has been moved to the archive! The financial data has not been updated since February 5, 2024.

Common-Size Balance Sheet: Assets
Quarterly Data

Deckers Outdoor Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017
Cash and cash equivalents 49.32 28.89 36.76 38.41 37.66 17.00 27.66 36.17 39.18 30.96 41.75 50.25 48.44 30.55 35.81 36.79 32.67 10.50 28.70 41.32 33.45 12.79 30.13 34.01 32.20 15.17 21.99
Trade accounts receivable, net of allowances 9.91 17.12 9.52 11.80 11.62 17.62 12.81 12.98 13.13 15.36 9.55 9.95 13.10 15.91 7.32 10.51 15.19 19.78 9.12 12.51 18.09 22.60 9.51 11.37 15.19 20.17 8.56
Inventories 16.10 25.50 26.00 20.85 25.75 37.51 33.40 21.73 21.62 26.40 19.98 12.84 12.79 23.61 23.53 17.65 19.38 33.04 27.03 19.54 22.18 36.16 31.41 23.70 25.89 36.54 34.70
Prepaid expenses 1.08 1.62 1.41 1.32 1.20 1.47 1.22 1.10 1.11 1.10 1.22 0.78 0.88 0.97 0.99 1.01 1.01 1.38 1.17 1.39 1.13 1.49 1.53 1.40 1.18 1.26 1.46
Other current assets 2.27 2.93 2.04 2.17 3.48 2.99 1.74 2.37 2.70 2.09 2.67 2.04 2.14 1.55 1.32 1.22 2.27 2.07 1.63 1.82 3.22 2.58 2.24 1.39 2.38 1.90 1.33
Income tax receivable 0.46 0.47 0.64 0.19 0.16 0.99 0.74 0.78 0.55 0.57 0.17 0.29 0.44 0.55 0.81 0.46 0.43 0.32 0.22 0.16 0.16 0.12 0.17 0.17 0.55 0.80 2.94
Current assets 79.13% 76.53% 76.38% 74.73% 79.87% 77.58% 77.58% 75.13% 78.29% 76.48% 75.34% 76.15% 77.79% 73.15% 69.77% 67.65% 70.95% 67.10% 67.87% 76.75% 78.23% 75.74% 74.99% 72.03% 77.40% 75.84% 70.97%
Property and equipment, net of accumulated depreciation 8.99 10.36 10.14 10.43 8.64 8.97 8.74 9.54 8.68 9.28 9.70 9.51 8.61 10.14 11.31 11.84 11.10 12.55 12.06 14.98 13.98 15.15 15.70 17.41 14.10 14.27 17.25
Operating lease assets 6.94 7.35 7.70 8.34 5.93 6.68 6.86 7.82 7.07 7.91 8.29 8.63 8.64 10.93 12.47 13.80 11.46 13.48 13.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Goodwill 0.42 0.49 0.49 0.55 0.50 0.57 0.56 0.60 0.55 0.58 0.61 0.65 0.59 0.68 0.76 0.79 0.74 0.83 0.80 0.98 0.91 0.98 1.01 1.11 0.91 0.92 1.10
Other intangible assets, net of accumulated amortization 1.07 1.28 1.30 1.47 1.35 1.56 1.56 1.70 1.58 1.69 1.81 1.93 1.93 2.28 2.56 2.72 2.58 2.91 2.86 3.61 3.43 3.82 4.02 4.58 3.90 4.06 4.99
Deferred tax assets, net 2.06 2.50 2.48 2.84 2.25 2.45 2.52 2.75 1.60 1.64 1.78 1.72 1.15 1.33 1.53 1.60 1.70 1.85 1.88 2.16 2.12 2.73 2.70 3.04 2.20 3.45 3.98
Other assets 1.40 1.50 1.52 1.64 1.46 2.19 2.19 2.46 2.23 2.41 2.47 1.41 1.29 1.48 1.59 1.60 1.46 1.29 1.27 1.52 1.33 1.58 1.58 1.84 1.49 1.46 1.71
Long-term assets 20.87% 23.47% 23.62% 25.27% 20.13% 22.42% 22.42% 24.87% 21.71% 23.52% 24.66% 23.85% 22.21% 26.85% 30.23% 32.35% 29.05% 32.90% 32.13% 23.25% 21.77% 24.26% 25.01% 27.97% 22.60% 24.16% 29.03%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-K (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30).

The asset structure is characterized by a consistent and heavy concentration in current assets, which typically range between 67% and 80% of total assets. This distribution indicates a high degree of liquidity and a financial strategy focused on maintaining substantial short-term operational flexibility.

Liquidity and Cash Reserves
Cash and cash equivalents exhibit significant volatility and a strong cyclical pattern. Values fluctuate from a low of 10.50% in September 2019 to a peak of 50.25% in March 2021. There is a recurring tendency for cash levels to surge during the December and March quarters, suggesting strong seasonal cash inflows and a robust liquidity cushion.
Operational Working Capital Trends
Trade accounts receivable and inventories demonstrate distinct seasonal correlations. Receivables frequently peak in September, often reaching between 15% and 22% of total assets, which aligns with typical wholesale shipment and billing cycles. Similarly, inventories show a pattern of buildup in the third quarter, peaking at 37.51% in September 2022, followed by a sharp reduction by December, reflecting the conversion of stock into revenue during the peak retail period.
Fixed Asset and Lease Adjustments
A long-term downward trend is observed in the proportion of property and equipment, which declined from 17.25% in June 2017 to 8.99% in December 2023. The reporting structure shifted in June 2019 with the introduction of operating lease assets, which initially accounted for 13.25% of total assets but gradually trended downward to 6.94% by the end of 2023.
Intangible Assets and Balance Sheet Dilution
Both goodwill and other intangible assets have experienced a steady decline as a percentage of total assets. Intangible assets decreased from 4.99% in June 2017 to 1.07% in December 2023, and goodwill fell from 1.10% to 0.42%. This indicates that the growth of the total asset base has been driven by organic increases in liquid assets and working capital rather than through the acquisition of new businesses or intangible properties.

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