$DECK

DECKERS OUTDOOR CORP

CIK:0000910521|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Net sales	$ 1,019,531	$ 964,538
Cost of sales	444,368	426,632
Gross profit	575,163	537,906
Selling, general, and administrative expenses	419,862	372,619
Income from operations	155,301	165,287
Interest income	(15,868)	(18,696)
Interest expense	2,227	935
Other income, net	(108)	(18)
Total other income, net	(13,749)	(17,779)
Income before income taxes	169,050	183,066
Income tax expense	39,078	43,863
Net income	129,972	139,203
Other comprehensive income (loss), net of tax
Unrealized gain (loss) on cash flow hedges	2,778	(20,209)
Foreign currency translation gain	509	11,774
Total other comprehensive income (loss), net of tax	3,287	(8,435)
Comprehensive income	$ 133,259	$ 130,768
Net income per share
Basic (in dollars per share)	$ 0.94	$ 0.93
Diluted (in dollars per share)	$ 0.94	$ 0.93
Weighted-average common shares outstanding
Basic (in shares)	138,263	149,344
Diluted (in shares)	138,559	149,635

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
OPERATING ACTIVITIES
Net income	$ 129,972	$ 139,203
Reconciliation of net income to net cash provided by (used in) operating activities:
Depreciation, amortization, and accretion	17,713	19,424
Amortization on cloud computing arrangements	559	556
Bad debt (benefit) expense	(4,788)	597
Deferred tax expense (benefit)	470	(713)
Stock-based compensation	10,741	8,739
Loss on disposal of assets	82	22
Changes in operating assets and liabilities:
Trade accounts receivable, net	(54,582)	(44,199)
Inventories	(320,562)	(354,125)
Prepaid expenses and other current assets	9,572	(8,817)
Income tax receivable	(2,375)	21,254
Net operating lease assets and lease liabilities	(248)	1,925
Other assets	(13,542)	(8,438)
Trade accounts payable	341,579	314,845
Other accrued expenses	(96,344)	(66,301)
Income tax payable	20,819	(565)
Other long-term liabilities	8,838	12,739
Net cash provided by operating activities	47,904	36,146
INVESTING ACTIVITIES
Purchases of property and equipment	(15,222)	(23,940)
Proceeds from sale of assets	9	11
Net cash used in investing activities	(15,213)	(23,929)
FINANCING ACTIVITIES
Repurchases of common stock	(338,186)	(182,991)
Cash paid for shares withheld for taxes	(291)	(237)
Net cash used in financing activities	(338,477)	(183,228)
Effect of foreign currency exchange rates on cash and cash equivalents	1,126	2,239
Net change in cash and cash equivalents	(304,660)	(168,772)
Cash and cash equivalents at beginning of period	1,907,249	1,889,188
Cash and cash equivalents at end of period	1,602,589	1,720,416
Cash paid during the period
Income taxes, net of refunds	19,011	16,923
Interest	1,407	780
Operating leases	27,380	20,437
Non-cash investing activities
Changes in trade accounts payable and other accrued expenses for purchases of property and equipment	291	80
Accrued for asset retirement obligation assets related to leasehold improvements	2,315	214
Non-cash financing activities
Accrued excise taxes related to repurchases of common stock	$ 3,283	$ 1,627

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026
ASSETS
Cash and cash equivalents	$ 1,602,589	$ 1,907,249
Trade accounts receivable, net of allowances ($28,669 and $38,198 as of June 30, 2026, and March 31, 2026, respectively)	378,348	318,978
Inventories	807,580	487,018
Prepaid expenses	61,372	53,236
Other current assets	67,940	82,114
Income tax receivable	4,200	1,825
Total current assets	2,922,029	2,850,420
Property and equipment, net of accumulated depreciation ($473,151 and $457,173 as of June 30, 2026, and March 31, 2026, respectively)	337,750	337,782
Operating lease assets	432,484	335,098
Goodwill	13,990	13,990
Other intangible assets, net of accumulated amortization ($20,849 and $20,968 as of June 30, 2026, and March 31, 2026, respectively)	15,635	15,643
Deferred tax assets, net	67,295	68,501
Other assets	79,438	66,331
Total assets	3,868,621	3,687,765
LIABILITIES AND STOCKHOLDERS’ EQUITY
Trade accounts payable	726,407	384,529
Accrued payroll	57,325	119,597
Operating lease liabilities	73,358	83,931
Other accrued expenses	146,713	171,173
Income tax payable	57,294	36,475
Value added tax payable	2,534	8,369
Total current liabilities	1,063,631	804,074
Long-term operating lease liabilities	398,976	291,263
Income tax liability	28,234	26,313
Other long-term liabilities	76,098	66,477
Total long-term liabilities	503,308	384,053
Commitments and contingencies
Stockholders’ equity
Common stock ($0.01 par value per share; 750,000 shares authorized; 136,725 and 139,978 shares issued and outstanding as of June 30, 2026, and March 31, 2026, respectively)	1,367	1,400
Additional paid-in capital	298,049	287,795
Retained earnings	2,034,898	2,246,362
Accumulated other comprehensive loss	(32,632)	(35,919)
Total stockholders’ equity	2,301,682	2,499,638
Total liabilities and stockholders’ equity	$ 3,868,621	$ 3,687,765