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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Item 1. Condensed Consolidated Statements of Comprehensive Income (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)
(dollar and share data amounts in thousands, except per share data)
| Three Months Ended December 31, | Nine Months Ended December 31, | |||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| Net sales (Note 2, Note 10, and Note 11) | $1,560,307 | $1,345,640 | $3,328,005 | $2,835,715 |
| Cost of sales | 643,738 | 633,111 | 1,481,993 | 1,406,513 |
| Gross profit | 916,569 | 712,529 | 1,846,012 | 1,429,202 |
| Selling, general, and administrative expenses | 428,670 | 349,869 | 1,062,760 | 882,370 |
| Income from operations (Note 10) | 487,899 | 362,660 | 783,252 | 546,832 |
| Interest income | (11,895) | (3,571) | (33,271) | (6,669) |
| Interest expense | 911 | 1,155 | 2,927 | 3,245 |
| Other income, net | (170) | (228) | (1,138) | (968) |
| Total other income, net | (11,154) | (2,644) | (31,482) | (4,392) |
| Income before income taxes | 499,053 | 365,304 | 814,734 | 551,224 |
| Income tax expense (Note 4) | 109,134 | 86,642 | 182,716 | 126,189 |
| Net income | 389,919 | 278,662 | 632,018 | 425,035 |
| Other comprehensive income (loss), net of tax | ||||
| Unrealized (loss) gain on cash flow hedges | (3,645) | (2,083) | 110 | (237) |
| Foreign currency translation gain (loss) | 10,722 | 14,169 | (3,449) | (15,084) |
| Total other comprehensive income (loss), net of tax | 7,077 | 12,086 | (3,339) | (15,321) |
| Comprehensive income | $396,996 | $290,748 | $628,679 | $409,714 |
| Net income per share | ||||
| Basic | $15.19 | $10.55 | $24.35 | $16.00 |
| Diluted | $15.11 | $10.48 | $24.20 | $15.90 |
| Weighted-average common shares outstanding (Note 9) | ||||
| Basic | 25,664 | 26,418 | 25,953 | 26,570 |
| Diluted | 25,811 | 26,586 | 26,114 | 26,740 |
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