Selected Financial Data
since 2005
Income Statement
Deckers Outdoor Corp., selected items from income statement, long-term trends
US$ in thousands
| 12 months ended: | Net sales | Income (loss) from operations | Net income (loss) |
|---|---|---|---|
| Mar 31, 2023 | 3,627,286) | 652,751) | 516,822) |
| Mar 31, 2022 | 3,150,339) | 564,707) | 451,949) |
| Mar 31, 2021 | 2,545,641) | 504,205) | 382,575) |
| Mar 31, 2020 | 2,132,689) | 338,135) | 276,142) |
| Mar 31, 2019 | 2,020,437) | 327,320) | 264,308) |
| Mar 31, 2018 | 1,903,339) | 222,584) | 114,394) |
| Mar 31, 2017 | 1,790,147) | (1,919) | 5,710) |
| Mar 31, 2016 | 1,875,197) | 162,127) | 122,265) |
| Mar 31, 2015 | 1,817,057) | 224,419) | 161,780) |
| Dec 31, 2014 | 294,716) | (408) | (2,685) |
| Dec 31, 2013 | 1,556,618) | 207,897) | 145,689) |
| Dec 31, 2012 | 1,414,398) | 186,948) | 129,014) |
| Dec 31, 2011 | 1,377,283) | 284,838) | 199,052) |
| Dec 31, 2010 | 1,000,989) | 249,088) | 158,235) |
| Dec 31, 2009 | 813,177) | 181,247) | 116,786) |
| Dec 31, 2008 | 689,445) | 116,919) | 73,948) |
| Dec 31, 2007 | 448,929) | 105,553) | 66,437) |
| Dec 31, 2006 | 304,423) | 51,442) | 30,609) |
| Dec 31, 2005 | 264,760) | 52,268) | 31,845) |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The financial data over the reported periods reveals several notable trends in sales, operational income, and net income.
- Net Sales
- Net sales demonstrated a consistent upward trajectory from 2005 through 2013, increasing from approximately $265 million to nearly $1.56 billion. A sharp deviation occurred in 2014, with net sales dropping significantly to around $295 million, indicative of a possible change in fiscal year reporting or extraordinary event impacting sales recognition. Subsequently, net sales resumed growth, steadily rising each year to reach over $3.6 billion by March 2023. This indicates strong overall growth with a minor discrepancy in 2014 worth further investigation for context.
- Income (Loss) from Operations
- Operational income experienced growth from around $52 million in 2005 to a peak around $285 million by the end of 2011. This was followed by a decline in 2012 and a sharp operational loss of $408,000 in 2013, mirroring the abrupt dip in net sales during the same timeframe. From 2014 onward, operating income recovered and demonstrated a pronounced upward trend, reaching a substantial $652.7 million as of March 2023. This trend implies recovery and improved operational efficiency or profitability in the recent years.
- Net Income (Loss)
- Net income followed a pattern similar to operating income. There was consistent growth from approximately $31.8 million in 2005 to about $199 million by 2011, followed by a decline in subsequent years, including a net loss of roughly $2.7 million in 2013. After this period, net income climbed steadily and significantly, with the last recorded value at $516.8 million as of March 2023. This recovery and growth suggest improved overall financial performance and profitability beyond operational factors.
Overall, the data shows a generally positive long-term growth in sales, operational results, and profitability, despite a temporary setback around 2013-2014 characterized by sharp declines and losses. The recovery post-2014 appears robust, indicating effective management response and stronger financial health in recent years.
Balance Sheet: Assets
Deckers Outdoor Corp., selected items from assets, long-term trends
US$ in thousands
| Current assets | Total assets | |
|---|---|---|
| Mar 31, 2023 | 1,910,253) | 2,556,203) |
| Mar 31, 2022 | 1,752,128) | 2,332,250) |
| Mar 31, 2021 | 1,650,799) | 2,167,705) |
| Mar 31, 2020 | 1,194,111) | 1,765,118) |
| Mar 31, 2019 | 1,095,405) | 1,427,206) |
| Mar 31, 2018 | 910,690) | 1,264,379) |
| Mar 31, 2017 | 820,821) | 1,191,780) |
| Mar 31, 2016 | 785,765) | 1,278,068) |
| Mar 31, 2015 | 686,593) | 1,169,933) |
| Dec 31, 2014 | 623,862) | 1,064,204) |
| Dec 31, 2013 | 829,304) | 1,259,729) |
| Dec 31, 2012 | 691,586) | 1,068,064) |
| Dec 31, 2011 | 817,902) | 1,146,196) |
| Dec 31, 2010 | 715,732) | 808,994) |
| Dec 31, 2009 | 520,987) | 599,043) |
| Dec 31, 2008 | 412,964) | 483,721) |
| Dec 31, 2007 | 301,567) | 370,032) |
| Dec 31, 2006 | 187,423) | 249,973) |
| Dec 31, 2005 | 134,854) | 209,626) |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The analysis of the financial data over the examined periods reveals several notable trends in assets composition and overall asset growth.
- Current Assets
- The current assets demonstrate a consistent upward trajectory across most periods. Starting from approximately 135 million US dollars at the end of 2005, there is substantial growth through 2010, peaking at over 715 million US dollars. Despite a slight dip observed in 2012, where current assets decreased from their previous peak, the general trend remained positive. There is continuous growth thereafter, reaching a significant value exceeding 1.9 billion US dollars by March 2023. This steady increase points to enhanced liquidity and resource availability in the short term within the company's balance sheet.
- Total Assets
- Total assets also reflect a robust growth pattern, starting at nearly 210 million US dollars at the end of 2005 and increasing markedly by 2011, surpassing 1.1 billion US dollars. Some fluctuations occur between 2011 and 2014, where total assets show a minor decline, indicating potential asset base optimization or disposals during that period. Nonetheless, the overall trend from 2014 onward is strongly upward, with total assets climbing to over 2.5 billion US dollars by March 2023. This significant growth in total assets relative to current assets underscores the company's expanded asset base, likely including fixed and intangible assets.
- Comparative Insights
- The proportion of current assets relative to total assets has generally increased, particularly from 2015 onward. This could indicate a shift towards greater liquidity or a strategic emphasis on short-term asset management. The growth rates in total assets are somewhat more variable, suggesting periods of reinvestment, asset acquisition, or restructuring. The continuity of asset growth through multiple years evidences financial stability and possibly improved operational capacity or expansion initiatives.
Balance Sheet: Liabilities and Stockholders’ Equity
Deckers Outdoor Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in thousands
| Current liabilities | Total liabilities | Total debt | Stockholders’ equity | |
|---|---|---|---|---|
| Mar 31, 2023 | 497,380) | 790,470) | —) | 1,765,733) |
| Mar 31, 2022 | 541,684) | 793,425) | —) | 1,538,825) |
| Mar 31, 2021 | 468,368) | 723,480) | —) | 1,444,225) |
| Mar 31, 2020 | 300,946) | 624,998) | 30,901) | 1,140,120) |
| Mar 31, 2019 | 250,524) | 382,076) | 31,504) | 1,045,130) |
| Mar 31, 2018 | 189,166) | 323,600) | 32,082) | 940,779) |
| Mar 31, 2017 | 159,051) | 237,525) | 32,631) | 954,255) |
| Mar 31, 2016 | 238,498) | 310,597) | 100,106) | 967,471) |
| Mar 31, 2015 | 167,542) | 232,921) | 38,537) | 937,012) |
| Dec 31, 2014 | 122,215) | 175,355) | 6,702) | 888,849) |
| Dec 31, 2013 | 320,518) | 371,610) | 9,728) | 888,119) |
| Dec 31, 2012 | 267,017) | 329,263) | 33,000) | 738,801) |
| Dec 31, 2011 | 232,079) | 304,766) | —) | 835,936) |
| Dec 31, 2010 | 144,863) | 153,319) | —) | 652,987) |
| Dec 31, 2009 | 100,870) | 107,139) | —) | 491,358) |
| Dec 31, 2008 | 95,209) | 99,056) | —) | 384,252) |
| Dec 31, 2007 | 71,394) | 71,394) | —) | 298,638) |
| Dec 31, 2006 | 39,563) | 39,563) | —) | 210,410) |
| Dec 31, 2005 | 27,734) | 32,071) | —) | 177,555) |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
The analysis of the quarterly financial data reveals several notable trends in the company's liabilities and equity from 2005 to the first quarter of 2023.
- Current Liabilities
- Current liabilities exhibited a pronounced upward trajectory over the years, starting from approximately $27.7 million in 2005 and reaching a peak above $541 million by early 2022. There is significant volatility in these values, with an especially sharp increase observed between 2007 and 2013, followed by fluctuations through 2023. This increase indicates growing short-term obligations or operational costs.
- Total Liabilities
- Total liabilities also rose markedly, from about $32.1 million in 2005 to nearly $790 million by early 2023. The growth aligns closely with the trend in current liabilities but shows an even broader increase. The sharp escalation starting around 2007 suggests increased leverage or accumulation of both short- and long-term obligations. After 2010, total liabilities consistently remained above $150 million, rising rapidly through 2021 and stabilizing somewhat toward 2023.
- Total Debt
- Data for total debt is incomplete but indicates fluctuations in the available periods. For example, values such as $33 million in 2012 and a high of over $100 million in 2016 highlight periodic borrowing or debt restructuring initiatives. The presence of intermittent reported debt figures, particularly between 2012 and 2018, may imply variable reliance on external financing sources or debt repayment cycles.
- Stockholders’ Equity
- Stockholders' equity demonstrated consistent growth from approximately $178 million in 2005 to over $1.76 billion in early 2023. This steady increase indicates accumulation of retained earnings or capital injections, reflecting overall expansion and value creation within the company. Despite some minor decreases between the years 2011 and 2014, the long-term direction is upward, suggesting a strengthening financial position and increasing net worth.
Overall, the company shows expanding liabilities coupled with significant growth in equity over the analyzed period. The growing current and total liabilities may warrant monitoring from a liquidity and debt management perspective, while the robust increase in equity suggests solid capitalization and possibly rising shareholder value. The intermittent and variable debt levels call for further analysis to understand the company’s financing strategy and risk exposure related to borrowing.
Cash Flow Statement
Deckers Outdoor Corp., selected items from cash flow statement, long-term trends
US$ in thousands
| 12 months ended: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Mar 31, 2023 | 537,422) | (81,013) | (309,031) |
| Mar 31, 2022 | 172,353) | (51,009) | (367,482) |
| Mar 31, 2021 | 596,217) | (32,169) | (129,581) |
| Mar 31, 2020 | 286,334) | (31,964) | (192,114) |
| Mar 31, 2019 | 359,505) | (29,018) | (167,194) |
| Mar 31, 2018 | 327,351) | (34,697) | (157,715) |
| Mar 31, 2017 | 198,677) | (44,499) | (103,070) |
| Mar 31, 2016 | 125,581) | (67,221) | (36,340) |
| Mar 31, 2015 | 169,654) | (100,636) | (78,260) |
| Dec 31, 2014 | 47,909) | (17,633) | (22,604) |
| Dec 31, 2013 | 262,125) | (85,197) | (50,513) |
| Dec 31, 2012 | 163,906) | (75,362) | (242,621) |
| Dec 31, 2011 | 30,091) | (184,766) | (27,160) |
| Dec 31, 2010 | 139,922) | (1,600) | (9,052) |
| Dec 31, 2009 | 185,474) | (25,398) | (21,065) |
| Dec 31, 2008 | 53,276) | 66,716) | 2,267) |
| Dec 31, 2007 | 61,054) | (55,567) | 14,840) |
| Dec 31, 2006 | 48,498) | (67,546) | 2,621) |
| Dec 31, 2005 | 29,607) | 8,902) | 1,784) |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
- Net Cash Provided by Operating Activities
- The net cash provided by operating activities shows considerable fluctuations over the analyzed periods. Initially, the cash inflow increased steadily from 29,607 thousand USD at the end of 2005 to a peak of 185,474 thousand USD by the end of 2009. This was followed by a sharp drop in 2011 to 30,091 thousand USD, then a strong rebound with another peak occurring in March 2022 at 596,217 thousand USD. The most recent data point at March 2023 remains elevated at 537,422 thousand USD. Overall, the trend suggests increased volatility but an upward trajectory in operating cash flow in the latest years.
- Net Cash (Used In) Provided by Investing Activities
- Investing activities exhibit a pattern of mostly negative cash flow, indicating consistent investment or asset acquisition expenditures. Notable exceptions include positive cash flows at the end of 2008 (66,716 thousand USD). The peak negative cash flow occurred in December 2011 at -184,766 thousand USD. Since 2012, cash used in investing has fluctuated between approximately -29,000 and -81,000 thousand USD, reflecting ongoing investment activity but with less volatility compared to the earlier period.
- Net Cash Provided by (Used in) Financing Activities
- Financing activities reveal a shift from positive to predominantly negative cash flow over the timeframe. Early years (2005 to 2007) show positive inflows peaking at 14,840 thousand USD. From 2008 onwards, cash flows are mostly negative and show a deepening outflow reaching a nadir of -367,482 thousand USD in March 2022. The negative financing cash flow persists through March 2023, albeit slightly less severe (-309,031 thousand USD). This pattern suggests increased repayment of debt, share repurchases, or dividend payments restraining cash inflows from financing.
- Overall Trend Analysis
- The data depicts a company with strong operating cash generation capacity, especially in recent years, which contrasts with sustained negative cash flow in investing and financing activities. The large operating cash inflows may be enabling aggressive capital expenditures or investments along with deleveraging or returning capital to shareholders. The volatility in operating cash flow could point to changing operational conditions or seasonal impacts. The continued negative financing cash flows imply a strategic focus on reducing financial liabilities or capital structure adjustments over the period analyzed.
Per Share Data
Deckers Outdoor Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Mar 31, 2023 | 19.50 | 19.37 | 0.00 |
| Mar 31, 2022 | 16.43 | 16.26 | 0.00 |
| Mar 31, 2021 | 13.64 | 13.47 | 0.00 |
| Mar 31, 2020 | 9.73 | 9.62 | 0.00 |
| Mar 31, 2019 | 8.92 | 8.84 | 0.00 |
| Mar 31, 2018 | 3.60 | 3.58 | 0.00 |
| Mar 31, 2017 | 0.18 | 0.18 | 0.00 |
| Mar 31, 2016 | 3.76 | 3.70 | 0.00 |
| Mar 31, 2015 | 4.70 | 4.66 | 0.00 |
| Dec 31, 2014 | -0.08 | -0.08 | 0.00 |
| Dec 31, 2013 | 4.23 | 4.18 | 0.00 |
| Dec 31, 2012 | 3.49 | 3.45 | 0.00 |
| Dec 31, 2011 | 5.16 | 5.07 | 0.00 |
| Dec 31, 2010 | 4.10 | 4.03 | 0.00 |
| Dec 31, 2009 | 2.99 | 2.96 | 0.00 |
| Dec 31, 2008 | 1.89 | 1.87 | 0.00 |
| Dec 31, 2007 | 1.73 | 1.69 | 0.00 |
| Dec 31, 2006 | 0.82 | 0.79 | 0.00 |
| Dec 31, 2005 | 0.86 | 0.83 | 0.00 |
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), 10-K (reporting date: 2017-03-31), 10-K (reporting date: 2016-03-31), 10-K (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1, 2, 3 Data adjusted for splits and stock dividends.
The financial data reveals significant trends in the earnings per share (EPS) of the entity over the given periods. Both basic and diluted earnings per share exhibit parallel movements, reflecting consistent reporting and minimal dilution effects on shareholder earnings.
- Basic Earnings per Share (US$)
- From 2005 to 2007, the basic EPS increased steadily from 0.86 to 1.73, more than doubling within this period. This growth accelerated further in 2008 and 2009, reaching 1.89 and 2.99 respectively, indicating strong profitability improvements. The upward trend continued until 2011, peaking at 5.16.
- A notable decline is observed in 2012, where EPS dropped to 3.49, followed by a partial recovery in 2013 to 4.23. In 2014, a sharp downturn occurs leading to a negative EPS of -0.08, marking a significant loss period. However, subsequent quarters starting from March 2015 show recovery signs with increasing EPS gradually climbing back through 3.6 in early 2018.
- From 2019 onward, EPS surged remarkably, reaching 8.92 in March 2019 and continuing an upward trend to 19.5 by March 2023. This progression suggests substantial growth in company profitability and shareholder value creation in recent years.
- Diluted Earnings per Share (US$)
- The diluted EPS follows a very similar pattern to the basic EPS, beginning at 0.83 in 2005 and rising to a peak of 5.07 in 2011. The trend reflects nearly identical fluctuations including the downturn to 3.45 in 2012 and negative earnings in 2014 (-0.08).
- Recovery and growth mirror the basic EPS trend with diluted EPS reaching 19.37 by March 2023. The alignment between basic and diluted EPS suggests minimal impact of stock dilution over the periods represented.
- Dividend per Share (US$)
- The data shows no recorded dividends per share over the entire period, suggesting the company either did not pay dividends or that such payments were not disclosed in this dataset.
Overall, the earnings data indicate a company experiencing significant growth phases, a period of financial difficulty around 2014, and robust recovery and expansion thereafter. The absence of dividend payouts implies strengthening capital retention and reinvestment during the periods analyzed.