Name: Deckers Outdoor Corp. (NYSE:DECK) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Deckers Outdoor Corp., consolidated balance sheet: assets

US$ in thousands

	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Cash and cash equivalents	981,795)	843,527)	1,089,361)	649,436)	589,692)	429,970)
Trade accounts receivable, net of allowances	301,511)	302,688)	215,718)	185,596)	178,602)	143,704)
Inventories	532,852)	506,796)	278,242)	311,620)	278,842)	299,602)
Prepaid expenses	33,788)	25,610)	16,924)	17,760)	19,901)	17,639)
Other current assets	55,523)	55,264)	44,244)	21,548)	26,028)	17,599)
Income tax receivable	4,784)	18,243)	6,310)	8,151)	2,340)	2,176)
Current assets	1,910,253)	1,752,128)	1,650,799)	1,194,111)	1,095,405)	910,690)
Property and equipment, net of accumulated depreciation	266,679)	222,449)	206,210)	209,037)	213,796)	220,162)
Operating lease assets	213,302)	182,459)	186,991)	243,522)	—)	—)
Goodwill	13,990)	13,990)	13,990)	13,990)	13,990)	13,990)
Other intangible assets, net of accumulated amortization	37,457)	39,688)	41,945)	48,016)	51,494)	57,850)
Deferred tax assets, net	72,592)	64,217)	37,194)	28,233)	30,870)	38,381)
Other assets	41,930)	57,319)	30,576)	28,209)	21,651)	23,306)
Long-term assets	645,950)	580,122)	516,906)	571,007)	331,801)	353,689)
Total assets	2,556,203)	2,332,250)	2,167,705)	1,765,118)	1,427,206)	1,264,379)

Based on: 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31).

Total assets exhibited a consistent upward trajectory over the six-year period, growing from US$ 1,264,379 thousand in 2018 to US$ 2,556,203 thousand by 2023. This expansion was primarily driven by a significant increase in current assets, which more than doubled during this timeframe, reflecting a substantial increase in organizational liquidity and operational scale.

Liquidity and Working Capital Trends: Cash and cash equivalents demonstrated strong growth, increasing from US$ 429,970 thousand in 2018 to US$ 981,795 thousand in 2023, peaking in 2021 at US$ 1,089,361 thousand. Trade accounts receivable followed a similar growth pattern, rising from US$ 143,704 thousand to US$ 301,511 thousand, suggesting an increase in credit sales and revenue volume.; Inventories remained relatively stable between 2018 and 2021, but experienced a sharp increase starting in 2022, jumping from US$ 278,242 thousand to US$ 506,796 thousand, and reaching US$ 532,852 thousand by 2023. This significant accumulation of inventory indicates a shift in supply chain strategy or a buildup to support increased demand.
Non-Current Asset Composition: Long-term assets grew from US$ 353,689 thousand in 2018 to US$ 645,950 thousand in 2023. A notable structural shift occurred in 2020 with the introduction of operating lease assets totaling US$ 243,522 thousand, which remained a significant component of the long-term asset base through 2023.; Property and equipment, net of accumulated depreciation, remained stable for several years before increasing to US$ 266,679 thousand in 2023, indicating recent capital expenditures. Conversely, other intangible assets showed a steady decline from US$ 57,850 thousand in 2018 to US$ 37,457 thousand in 2023, likely due to systematic amortization.
Other Asset Observations: Deferred tax assets, net, showed a marked increase in the latter part of the period, rising from US$ 37,194 thousand in 2021 to US$ 72,592 thousand in 2023. Goodwill remained stagnant at US$ 13,990 thousand throughout the entire duration, indicating no new major acquisitions involving goodwill during this window.

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