DECKERS OUTDOOR CORP
For the period ended Dec 31, 2023. Filed Feb 5, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Feb 5, 2024
DECK$89.79-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
| Nine Months Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| OPERATING ACTIVITIES | ||
| Net income | $632,018 | $425,035 |
| Reconciliation of net income to net cash provided by (used in) operating activities: | ||
| Depreciation, amortization, and accretion | 40,901 | 35,089 |
| Amortization on cloud computing arrangements | 1,651 | 1,572 |
| Loss on extinguishment of debt | — | 226 |
| Bad debt expense | 2,212 | 3,692 |
| Deferred tax expense (benefit) | 2,850 | (343) |
| Stock-based compensation | 28,687 | 18,130 |
| Loss on disposal of long-lived assets | 235 | 18 |
| Impairment of operating lease and other long-lived assets | 1,129 | 2,085 |
| Changes in operating assets and liabilities: | ||
| Trade accounts receivable, net | (32,379) | (27,345) |
| Inventories | (6,111) | (216,569) |
| Prepaid expenses and other current assets | (22,498) | (47,782) |
| Income tax receivable | (10,585) | 13,712 |
| Net operating lease assets and lease liabilities | 8,188 | (6,339) |
| Other assets | (6,595) | 14,641 |
| Trade accounts payable | 242,496 | 161,512 |
| Other accrued expenses | 92,042 | 42,681 |
| Income tax payable | 92,028 | 63,936 |
| Other long-term liabilities | (4,411) | (6,068) |
| Net cash provided by operating activities | 1,061,858 | 477,883 |
| INVESTING ACTIVITIES | ||
| Purchases of property and equipment | (74,078) | (56,059) |
| Proceeds from sales of property and equipment | 34 | 6 |
| Net cash used in investing activities | (74,044) | (56,053) |
| FINANCING ACTIVITIES | ||
| Loan origination costs on revolving credit facilities | — | (1,537) |
| Proceeds from issuance of stock | 1,165 | 1,046 |
| Proceeds from exercise of stock options | 2,525 | 1,870 |
| Repurchases of common stock | (310,635) | (194,862) |
| Cash paid for shares withheld for taxes | (9,153) | (5,414) |
| Net cash used in financing activities | (316,098) | (198,897) |
| Effect of foreign currency exchange rates on cash and cash equivalents | (2,709) | (8,617) |
| Net change in cash and cash equivalents | 669,007 | 214,316 |
| Cash and cash equivalents at beginning of period | 981,795 | 843,527 |
| Cash and cash equivalents at end of period | $1,650,802 | $1,057,843 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(continued)
| Nine Months Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| SUPPLEMENTAL CASH FLOW DISCLOSURE | ||
| Cash paid during the period | ||
| Income taxes, net of refunds of $237 and $1,286, as of December 31, 2023, and 2022, respectively | $108,202 | $59,418 |
| Interest | 1,358 | 1,415 |
| Operating leases | 49,283 | 45,244 |
| Non-cash investing activities | ||
| Changes in accounts payable and accrued expenses for purchases of property and equipment | (10,162) | (2,696) |
| Accrued for asset retirement obligation assets related to leasehold improvements | 1,094 | 1,051 |
| Leasehold improvements acquired through tenant allowances | 8,127 | — |
| Non-cash financing activities | ||
| Accrued excise taxes related to repurchases of common stock | 2,649 | — |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.