Stock Analysis on Net
Stock Analysis on Net

Deckers Outdoor Corp. (NYSE:DECK)

$22.49

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

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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Deckers Outdoor Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Mar 31, 2023 Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018
Short-term borrowings
Trade accounts payable
Accrued payroll
Current portion of operating lease liabilities
Other accrued expenses
Income tax payable
Value added tax payable
Current liabilities
Mortgage payable
Long-term operating lease liabilities
Income tax liability
Deferred rent obligations
Other long-term liabilities
Long-term liabilities
Total liabilities
Common stock, $0.01 par value
Additional paid-in capital
Retained earnings
Accumulated other comprehensive loss
Stockholders’ equity
Total liabilities and stockholders’ equity

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).

Short-term borrowings
Reported values show a slight increase from 578 thousand USD in 2018 to 638 thousand USD in 2020, with no data available from 2021 onwards. The limited and incomplete data restricts definitive trend analysis.
Trade accounts payable
A consistent upward trend is observed, rising from 93.9 million USD in 2018 to a peak of 327.5 million USD in 2022, followed by a decrease to 265.6 million USD in 2023. This suggests growing operational activity until 2022, with a possible reduction or improved cash management in 2023.
Accrued payroll
Values show fluctuation, starting at 55.7 million USD in 2018, dipping to around 42.3 million USD in 2020, then peaking sharply to 79.2 million USD in 2021 before decreasing in subsequent years to 63.8 million USD in 2023. This variability indicates changes in workforce costs or payroll timing.
Operating lease liabilities (current portion)
Data is missing before 2020. From 2020 to 2023, current lease liabilities appear stable, fluctuating slightly between 46.8 million and 50.8 million USD, indicating steady short-term lease obligations during this period.
Other accrued expenses
Show a robust increase from 24.4 million USD in 2018 to 86.8 million USD in 2023, with steady growth year-over-year. This may reflect rising obligations not classified elsewhere, possibly linked to increased operational scale or accrual policies.
Income tax payable
Exhibits volatility, increasing from 11.0 million USD in 2018 to 19.3 million USD in 2019, then declining in 2020, peaking again at 36.9 million USD in 2021, and settling at 17.3 million USD in 2023. This pattern may mirror fluctuating pre-tax earnings or changes in tax payments and assessments.
Value added tax payable
Relatively stable with minor fluctuations between 3.2 million and 4.9 million USD through 2021, then a dip in 2022, and a significant increase to 13.2 million USD in 2023, possibly indicating changes in VAT-related transactions or timing of VAT remittances.
Current liabilities
Overall increase from 189.2 million USD in 2018 to a peak of 541.7 million USD in 2022, followed by a decrease to 497.4 million USD in 2023. This rise aligns with increases in trade payables and accrued expenses, indicating expanding short-term obligations with some reduction in the most recent year.
Mortgage payable
Decreasing slightly from 31.5 million USD in 2018 to 30.3 million USD in 2020, with no data after that. Limited data restricts trend insights.
Long-term operating lease liabilities
Data available from 2020 onwards shows a decrease from 215.7 million USD in 2020 to 171.9 million USD in 2022, then a rise to 195.7 million USD in 2023. This reflects some variability in long-term lease commitments, possibly due to new leases or lease terminations.
Income tax liability
Relatively stable over six years, ranging from approximately 54.3 million to 64.0 million USD, with a slight downward trend through 2022 and a moderate increase in 2023. Indicates consistent tax-related long-term obligations.
Deferred rent obligations
Data only for 2018 and 2019 shows a decrease from 22.5 million USD to 21.1 million USD, with no data thereafter. Limited information precludes further analysis.
Other long-term liabilities
Generally increasing from 15.7 million USD in 2018 to 35.3 million USD in 2023, suggesting growing long-term obligations not elsewhere classified, potentially linked to deferred items or contingent liabilities.
Long-term liabilities
Sharp increase from 134.4 million USD in 2018 to 324.1 million USD in 2020, followed by a decline to around 251.7 million in 2022, and an uptick to 293.1 million USD in 2023. The spike in 2020 may relate to new lease accounting standards or financing activities, with some normalization in subsequent years.
Total liabilities
Substantial growth from 323.6 million USD in 2018 to a peak of 793.4 million USD in 2022, with a slight decrease to 790.5 million USD in 2023. This reflects expanding overall debt and obligations, mainly driven by increases in trade payables, accrued expenses, and lease liabilities.
Common stock, $0.01 par value
Gradual decrease from 304 thousand USD in 2018 to 262 thousand USD in 2023. The decline is modest and may relate to stock buybacks or adjustments in issued shares.
Additional paid-in capital
Continuous growth from 167.6 million USD in 2018 to 232.9 million USD in 2023, suggesting ongoing equity financing or retained capital contributions.
Retained earnings
Strong upward trend from 785.9 million USD in 2018 to 1.57 billion USD in 2023, reflecting sustained profitability and reinvestment of earnings over the period.
Accumulated other comprehensive loss
Increasing loss from -12.9 million USD in 2018 to -39.0 million USD in 2023, indicating growing unrealized losses or other comprehensive items such as foreign currency translation losses or pension adjustments.
Stockholders’ equity
Consistent increase from 940.8 million USD in 2018 to 1.77 billion USD in 2023. This growth is driven primarily by increasing retained earnings and additional paid-in capital, partially offset by accumulated other comprehensive loss.
Total liabilities and stockholders’ equity
Marked growth from 1.26 billion USD in 2018 to 2.56 billion USD in 2023, evidencing expansion in both liabilities and equity, consistent with the company’s overall growth and scaling of operations.