Deckers Outdoor (DECK) FY2020 results: revenue $2.1 billion, up 5.6% on the year
Deckers Outdoor Corp. (DECK) reported revenue of $2.1 billion for fiscal 2020, the year ended 31 March 2020, up 5.6% on the year before. Net income was $276 million, up 4.5%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 1 June 2020.
Revenue
$2.1 billion
+5.6% on the year
FY2015FY2020
Operating margin
15.9%
16.2% a year earlier
FY2015FY2020
Net income
$276 million
+4.5% on the year
FY2015FY2020
Diluted EPS
$1.60
+8.8% on the year
FY2015FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
2,133
2,020
1,903
+5.6%
Cost of revenue
1,029
980
972
+5.0%
Gross profit
1,104
1,040
932
+6.1%
Gross margin
51.8%
51.5%
48.9%
Research and development
27.6
23.2
22.4
+18.8%
Selling, general and administrative
766
713
709
+7.4%
Operating income
338
327
223
+3.3%
Operating margin
15.9%
16.2%
11.7%
Pre-tax income
n/a
n/a
221
Income tax
64.7
64.6
106
+0.2%
Effective tax rate
n/a
n/a
48.2%
Net income
276
264
114
+4.5%
Net margin
12.9%
13.1%
6.0%
Diluted EPS
$1.60
$1.47
$0.60
+8.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
286
360
327
-20.4%
Capital expenditure
32.5
29.1
34.8
+11.6%
Free cash flow
254
330
293
-23.2%
Free cash flow margin
11.9%
16.4%
15.4%
Cash from investing
-32.0
-29.0
-34.7
Cash from financing
-192
-167
-158
Depreciation and amortisation
38.9
44.9
48.6
-13.4%
Share-based compensation
14.5
14.8
14.3
-2.0%
Buybacks
190
161
150
+18.0%
Diluted shares, weighted
172m
179m
192m
-4.0%
Shares outstanding at period end
168m
175m
183m
-3.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,140
1,045
941
+9.1%
Short-term borrowings
0.6
0.6
0.6
+5.8%
Debt
30.3
30.9
31.5
-2.1%
Operating lease liabilities
216
n/a
n/a
Other liabilities
378
351
292
+7.9%
Total liabilities and equity
1,765
1,427
1,264
+23.7%
Fixed assets
209
214
220
-2.2%
Goodwill
14.0
14.0
14.0
0.0%
Intangible assets
48.0
51.5
57.9
-6.8%
Cash and equivalents
649
590
430
+10.1%
Receivables
186
179
144
+3.9%
Inventory
312
279
300
+11.8%
Other assets
347
101
99.1
+244.7%
Total assets
1,765
1,427
1,264
+23.7%
10-K for the year ended 31 March 2020, filed 1 June 2020: the filing.