Name: Deckers Outdoor Corp. (NYSE:DECK) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

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Deckers Outdoor Corp., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020	Mar 31, 2019	Mar 31, 2018
Net income	516,822)	451,949)	382,575)	276,142)	264,308)	114,394)
Unrealized gain (loss) on cash flow hedges, net of tax	—)	—)	—)	—)	(243)	(613)
Foreign currency translation gain (loss)	(14,080)	(8,212)	8,816)	(2,905)	(9,428)	14,081)
Other comprehensive income (loss), net of tax	(14,080)	(8,212)	8,816)	(2,905)	(9,671)	13,468)
Comprehensive income	502,742)	443,737)	391,391)	273,237)	254,637)	127,862)

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).

Net income exhibits a consistent and significant upward trajectory over the six-year period, increasing from 114,394 thousand USD in 2018 to 516,822 thousand USD in 2023. This growth is sustained annually, with the most pronounced acceleration occurring between 2018 and 2019, where net income more than doubled.

Net Income Performance: A steady growth pattern is observed in net income, which rose every consecutive year. The transition from 2020 to 2023 shows a consistent expansion of profitability, reflecting strong operational performance.
Other Comprehensive Income (OCI) Volatility: Other comprehensive income demonstrates significant volatility, fluctuating between positive and negative values. This variance is primarily driven by foreign currency translation gains and losses, which indicate a sensitivity to exchange rate movements. Following a gain of 8,816 thousand USD in 2021, a downward trend emerged, culminating in a loss of 14,080 thousand USD by March 31, 2023.
Comprehensive Income Dynamics: Comprehensive income follows a growth trend closely aligned with net income, as the magnitude of net profitability outweighs the volatility of other comprehensive income components. Comprehensive income increased from 127,862 thousand USD in 2018 to 502,742 thousand USD in 2023, confirming that overall economic gains remained positive despite periodic foreign currency headwinds.

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