Deckers Outdoor (DECK) FY2018 results: revenue $1.9 billion, up 6.3% on the year
Deckers Outdoor Corp. (DECK) reported revenue of $1.9 billion for fiscal 2018, the year ended 31 March 2018, up 6.3% on the year before. Net income was $114 million, up 1903.4%, and diluted earnings per share $0.60. The figures are the company's own, from the 10-K it filed with the SEC on 30 May 2019.
Revenue
$1.9 billion
+6.3% on the year
FY2015FY2018
Operating margin
11.7%
-0.1% a year earlier
FY2015FY2018
Net income
$114 million
+1,903.4% on the year
FY2015FY2018
Diluted EPS
$0.60
+1,889.0% on the year
FY2015FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,903
1,790
1,875
+6.3%
Cost of revenue
972
955
1,029
+1.8%
Gross profit
932
835
847
+11.5%
Gross margin
48.9%
46.7%
45.2%
Research and development
22.4
21.3
22.2
+5.3%
Selling, general and administrative
709
837
685
-15.3%
Operating income
223
-1.9
162
Operating margin
11.7%
-0.1%
8.6%
Pre-tax income
221
-7.0
157
Income tax
106
-12.7
34.6
Effective tax rate
48.2%
n/a
22.1%
Net income
114
5.7
122
+1,903.4%
Net margin
6.0%
0.3%
6.5%
Diluted EPS
$0.60
$0.03
$0.62
+1,889.0%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
327
199
126
+64.2%
Capital expenditure
34.8
44.5
66.2
-21.8%
Free cash flow
293
155
59.6
+88.9%
Free cash flow margin
15.4%
8.6%
3.2%
Cash from investing
-34.7
-44.5
-67.2
Cash from financing
-158
-104
-36.8
Depreciation and amortisation
48.6
52.6
49.7
-7.7%
Share-based compensation
14.3
6.0
6.6
+137.9%
Buybacks
150
12.6
94.2
+1,090.6%
Diluted shares, weighted
192m
194m
198m
-1.1%
Shares outstanding at period end
183m
192m
192m
-4.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
941
954
967
-1.4%
Short-term borrowings
0.6
0.5
n/a
+5.3%
Debt
31.5
32.1
100
-1.8%
Other liabilities
292
205
210
+42.3%
Total liabilities and equity
1,264
1,192
1,278
+6.1%
Fixed assets
220
226
237
-2.4%
Goodwill
14.0
14.0
128
0.0%
Intangible assets
57.9
65.1
83.0
-11.2%
Cash and equivalents
430
292
246
+47.4%
Receivables
144
159
160
-9.4%
Inventory
300
299
300
+0.3%
Other assets
99.1
138
124
-28.1%
Total assets
1,264
1,192
1,278
+6.1%
10-K for the year ended 31 March 2018, filed 30 May 2019: the filing.