Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Deckers Outdoor Corp., consolidated cash flow statement (quarterly data)

US$ in thousands

3 months ended:	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017
Net income (loss)	389,919)	178,547)	63,552)	91,787)	278,662)	101,524)	44,849)	68,819)	232,943)	102,063)	48,124)	33,458)	255,536)	101,554)	(7,973)	16,090)	201,593)	77,810)	(19,351)	23,969)	196,374)	74,372)	(30,407)	20,615)	86,341)	49,559)	(42,121)
Depreciation, amortization, and accretion	15,763)	12,785)	12,353)	12,769)	12,071)	11,313)	11,705)	11,676)	11,271)	9,960)	9,971)	9,893)	11,138)	10,223)	9,276)	9,475)	9,471)	9,621)	10,345)	11,394)	11,413)	10,729)	11,405)	11,917)	12,202)	12,185)	12,268)
Amortization on cloud computing arrangements	520)	573)	558)	577)	571)	621)	380)	398)	387)	390)	377)	317)	216)	120)	84)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Loss on extinguishment of debt	—)	—)	—)	—)	226)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	2)	445)	—)	—)	—)	—)	—)
Bad debt expense (benefit)	(4,693)	9,879)	(2,974)	(1,709)	(752)	4,232)	212)	(88)	(244)	2,444)	(2,454)	(3,339)	(771)	4,499)	2,664)	2,805)	(283)	1,913)	(937)	878)	(423)	1,786)	608)	519)	(1,029)	1,663)	3,015)
Deferred tax expense (benefit)	4,116)	(1,744)	478)	(9,376)	(1,131)	1,432)	(644)	(23,533)	(1,024)	763)	(4,002)	(10,030)	356)	1,517)	(14)	3,954)	(608)	1,234)	(1,646)	1,845)	7,123)	(804)	(1,225)	(4,194)	15,781)	(517)	(2,932)
Stock-based compensation	11,968)	9,730)	6,989)	8,767)	7,580)	6,716)	3,834)	8,535)	6,489)	6,234)	5,558)	5,142)	9,924)	3,948)	3,687)	1,711)	4,269)	5,024)	3,473)	3,234)	4,088)	3,881)	3,571)	3,711)	3,725)	4,162)	2,704)
(Gain) loss on disposal of long-lived assets	90)	145)	—)	2,673)	(6)	9)	15)	70)	14)	18)	5)	760)	124)	157)	(22)	19)	288)	332)	59)	190)	181)	(152)	58)	55)	59)	147)	126)
Impairment of intangible assets	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	3,522)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Impairment of operating lease and other long-lived assets	336)	793)	—)	732)	1,017)	—)	1,068)	—)	3,186)	—)	—)	10,024)	1,380)	—)	2,680)	(17)	1,259)	123)	—)	—)	180)	—)	—)	517)	1,507)	262)	131)
Restructuring charges	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	295)	—)	—)	149)	—)	1,518)
Gain on settlement of asset retirement obligations	—)	—)	—)	—)	—)	—)	—)	—)	—)	10)	(10)	—)	(42)	(127)	(38)	(705)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Trade accounts receivable, net	160,692)	(226,353)	33,282)	26,539)	109,085)	(116,910)	(19,520)	31,941)	36,065)	(154,000)	(633)	100,535)	14,124)	(195,541)	47,709)	98,489)	47,993)	(176,835)	19,860)	99,481)	43,245)	(170,823)	11,940)	88,370)	75,007)	(199,340)	46,733)
Inventories	187,369)	14,221)	(207,701)	190,513)	201,678)	(85,534)	(332,713)	43,954)	85,520)	(178,565)	(179,463)	27,057)	178,839)	(49,163)	(123,355)	54,327)	192,928)	(85,480)	(194,552)	63,200)	172,884)	(90,616)	(136,641)	96,707)	159,251)	(113,912)	(142,797)
Prepaid expenses and other current assets	12,771)	(26,797)	(8,472)	42,173)	(24,991)	(30,424)	7,633)	14,841)	(22,994)	14,433)	(25,375)	10,259)	(20,375)	(9,117)	(2,895)	22,447)	(4,921)	(7,877)	(7,172)	19,293)	(14,843)	4,330)	(9,295)	20,199)	(6,979)	(12,208)	10,112)
Income tax receivable	(2,097)	5,041)	(13,529)	(253)	19,846)	(5,785)	(349)	(4,190)	(238)	(9,977)	2,472)	4,147)	900)	3,647)	(6,852)	(30)	(2,629)	(1,653)	(1,499)	192)	(802)	674)	(229)	6,202)	3,798)	25,217)	(8,218)
Net operating lease assets and lease liabilities	(721)	1,252)	7,657)	(1,969)	(2,282)	843)	(4,900)	546)	(3,304)	(698)	6,645)	(1,402)	5,037)	(2,334)	(1,051)	(1,572)	(875)	216)	(1,033)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	(4,709)	47)	(1,933)	(1,401)	12,333)	462)	1,846)	(965)	1,056)	(1,936)	(26,451)	(80)	(606)	(1,060)	(1,357)	(634)	(5,785)	408)	(547)	(1,084)	1,992)	304)	1,418)	(447)	(600)	(549)	(118)
Trade accounts payable	27,122)	(38,689)	254,063)	(235,759)	4,357)	(122,635)	279,790)	(157,780)	(9,064)	103,884)	152,144)	(73,621)	(9,492)	56,086)	106,203)	(96,482)	(68,619)	13,284)	175,129)	(103,460)	(49,143)	15,069)	168,569)	(105,494)	(45,584)	16,786)	132,108)
Other accrued expenses	93,521)	31,768)	(33,247)	(31,153)	57,369)	15,892)	(30,580)	(31,152)	48,455)	(3,255)	(34,418)	(21,873)	64,224)	23,525)	(12,091)	(32,616)	52,560)	(22,458)	(8,598)	(22,615)	43,575)	(26,325)	(1,795)	(33,399)	50,894)	24,370)	(13,238)
Income tax payable	47,857)	33,480)	10,691)	(59,039)	37,021)	20,476)	6,439)	(14,343)	9,578)	(23,777)	4,048)	(20,026)	25,236)	19,049)	1,558)	(29,969)	27,125)	13,870)	(19,205)	(20,245)	23,258)	6,390)	(5,594)	(32,323)	25,346)	12,487)	(7,203)
Other long-term liabilities	506)	(8,412)	3,495)	23,668)	2,075)	(10,157)	2,014)	(3,746)	1,948)	(4,333)	7,130)	(788)	2,475)	(4,113)	2,956)	317)	1,115)	941)	(955)	3,493)	1,373)	1,635)	(4,310)	1,300)	56,018)	4,246)	564)
Changes in operating assets and liabilities	522,311)	(214,442)	44,306)	(46,681)	416,491)	(333,772)	(90,340)	(120,894)	147,022)	(258,224)	(93,901)	24,208)	260,362)	(159,021)	10,825)	14,277)	238,892)	(265,584)	(38,572)	38,255)	221,539)	(259,362)	24,063)	41,115)	317,151)	(242,903)	17,943)
Reconciliation of net income (loss) to net cash provided by (used in) operating activities	550,411)	(182,281)	61,710)	(32,248)	436,067)	(309,449)	(73,770)	(123,836)	167,101)	(238,405)	(84,456)	40,497)	282,687)	(138,684)	29,142)	31,519)	253,288)	(247,337)	(27,278)	55,796)	244,103)	(243,182)	38,480)	53,640)	349,545)	(225,001)	34,773)
Net cash provided by (used in) operating activities	940,330)	(3,734)	125,262)	59,539)	714,729)	(207,925)	(28,921)	(55,017)	400,044)	(136,342)	(36,332)	73,955)	538,223)	(37,130)	21,169)	47,609)	454,881)	(169,527)	(46,629)	79,765)	440,477)	(168,810)	8,073)	74,255)	435,886)	(175,442)	(7,348)
Purchases of property and equipment	(16,642)	(26,704)	(30,732)	(24,966)	(31,805)	(11,787)	(12,467)	(9,702)	(14,596)	(11,204)	(15,515)	(10,918)	(7,967)	(4,080)	(9,253)	(8,791)	(8,720)	(7,551)	(7,393)	(7,254)	(7,741)	(6,805)	(7,286)	(13,404)	(11,251)	(6,323)	(3,835)
Proceeds from sales of property and equipment	—)	34)	—)	6)	6)	—)	—)	8)	—)	—)	—)	—)	—)	8)	41)	225)	26)	13)	227)	—)	—)	21)	47)	109)	—)	7)	—)
Net cash used in investing activities	(16,642)	(26,670)	(30,732)	(24,960)	(31,799)	(11,787)	(12,467)	(9,694)	(14,596)	(11,204)	(15,515)	(10,918)	(7,967)	(4,072)	(9,212)	(8,566)	(8,694)	(7,538)	(7,166)	(7,254)	(7,741)	(6,784)	(7,239)	(13,295)	(11,251)	(6,316)	(3,835)
Loan origination costs on revolving credit facilities	—)	—)	—)	—)	(1,537)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Proceeds from short-term borrowings	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	9,100)	—)	—)	39,873)	29,463)	—)	—)	54,000)	108,001)	—)	—)	58,000)	156,751)	—)
Repayments of short-term borrowings	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(9,478)	—)	—)	(6,019)	(47,178)	(16,000)	—)	—)	(124,621)	(37,000)	—)	—)	(190,889)	(24,000)	—)
Debt issuance costs on short-term borrowings	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(5)	(16)	(1,276)	—)	—)	—)	—)	—)
Proceeds from issuance of stock	—)	1,165)	—)	1,124)	—)	1,046)	—)	1,077)	—)	914)	—)	804)	—)	698)	—)	670)	—)	618)	—)	550)	—)	474)	—)	412)	—)	353)	—)
Proceeds from exercise of stock options	1,444)	533)	548)	2,526)	40)	1,830)	—)	—)	1,135)	—)	69)	1,192)	4,202)	1,134)	247)	470)	186)	186)	2,773)	—)	—)	—)	—)	—)	—)	—)	—)
Repurchases of common stock	(99,697)	(185,469)	(25,469)	(102,510)	(44,622)	(50,247)	(99,993)	(89,969)	(130,711)	(53,807)	(82,166)	(99,147)	—)	—)	—)	—)	—)	(155,400)	(35,005)	—)	(26,660)	(124,735)	(10,000)	(125,000)	(24,687)	—)	—)
Cash paid for shares withheld for taxes	(696)	(7,759)	(698)	(11,274)	(312)	(5,059)	(43)	(248)	(4,496)	(9,195)	(85)	(229)	(149)	(6,964)	(90)	(153)	(251)	(5,370)	(374)	(428)	(311)	(4,090)	(499)	(389)	(5,845)	(978)	(893)
Repayments of mortgage principal	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	(30,431)	(161)	(155)	(154)	(155)	(154)	(148)	(146)	(153)	(146)	(140)	(139)	(146)	(139)	(132)	(133)
Net cash provided by (used in) financing activities	(98,949)	(191,530)	(25,619)	(110,134)	(46,431)	(52,430)	(100,036)	(89,140)	(134,072)	(62,088)	(82,182)	(127,811)	(5,586)	3,813)	3)	(5,187)	(7,524)	(146,651)	(32,752)	(36)	(97,754)	(58,766)	(10,638)	(125,123)	(163,560)	131,994)	(1,026)
Effect of foreign currency exchange rates on cash and cash equivalents	3,012)	(1,904)	(3,817)	(493)	2,085)	(3,829)	(6,873)	(883)	674)	(867)	1,380)	(2,421)	5,473)	1,861)	545)	(1,284)	528)	(1,237)	(519)	1,279)	(1,236)	(1,299)	(2,315)	1,131)	1,341)	410)	385)
Net change in cash and cash equivalents	827,751)	(223,838)	65,094)	(76,048)	638,584)	(275,971)	(148,297)	(154,734)	252,050)	(210,501)	(132,649)	(67,195)	530,143)	(35,528)	12,505)	32,572)	439,191)	(324,953)	(87,066)	73,754)	333,746)	(235,659)	(12,119)	(63,032)	262,416)	(49,354)	(11,824)

Net Income (Loss): The net income exhibits significant volatility across the quarters, with instances of both substantial losses and gains. Notably, large losses occurred in mid-2017 and early 2018, while strong profits appear intermittently, especially from late 2018 through 2023, indicating cyclical or event-driven performance changes.
Depreciation, Amortization, and Accretion: This expense category demonstrates a relatively stable pattern with gradual increases over the period, reflecting consistent capital asset usage and possible additions to depreciable assets.
Amortization on Cloud Computing Arrangements: From early 2020 onwards, there is a growing amortization expense related to cloud computing, suggesting increased investment in technology infrastructure during this period.
Loss on Extinguishment of Debt: Minimal losses are sporadically recorded, with small amounts noted particularly around 2018 and 2022, indicating rare debt restructuring or repayment events with associated costs.
Bad Debt Expense (Benefit): Bad debt exhibits pronounced fluctuations, alternating between benefits and expenses. Some quarters in recent years show large benefits, implying effective credit management or recoveries, while other periods record increased expenses.
Deferred Tax Expense (Benefit): Deferred tax figures are highly variable, with significant tax benefits recorded during some quarters, particularly notable in early 2022, signaling shifts in timing differences or tax positions.
Stock-Based Compensation: Stock-based compensation trends upward over time, especially from 2020 forwards, reflecting possibly increased employee incentives or grants consistent with business growth or retention strategies.
Gain/Loss on Disposal of Long-Lived Assets: This item shows sporadic minor gains and losses, with a notable spike in March 2023, suggesting occasional asset sales or disposals impacting financial results somewhat unpredictably.
Impairment Charges: There are isolated impairment charges on intangible assets and operating lease assets, notably a significant impairment in early 2021 and related charges in prior and subsequent quarters, indicating asset writedowns against reduced valuations or strategic repositioning.
Restructuring Charges: Restructuring expenses appear infrequently and are relatively minor, pointing to limited organizational restructuring activities during the periods analyzed.
Trade Accounts Receivable, Net: The trade receivables balance is highly volatile, oscillating between positive and negative values. Such fluctuations could suggest changes in accounting treatments, collections, or possible data irregularities.
Inventories: Inventory levels demonstrate extreme variances, moving from substantial negative to positive values irregularly. This indicates either major changes in inventory management, valuation adjustments, or potential data inconsistencies.
Prepaid Expenses and Other Current Assets: These assets show notable fluctuations quarter to quarter, reflecting variable short-term asset balances likely influenced by timing differences in expenses and asset recognition.
Income Tax Receivable and Payable: Both receivable and payable tax balances exhibit considerable variability, with frequent swings suggesting fluctuating tax positions, settlements, or refunds over the periods.
Net Operating Lease Assets and Lease Liabilities: These lease balances show inconsistent values with some positive and negative shifts, indicating evolving lease accounting treatments or lease contract modifications.
Other Assets and Other Long-Term Liabilities: Other assets and long-term liabilities display irregular fluctuations, suggesting diverse events affecting miscellaneous balance sheet accounts.
Changes in Operating Assets and Liabilities: There are substantial swings in changes to operating assets and liabilities, ranging from large negative to sizable positive values, which significantly impact operating cash flows in various quarters.
Reconciliation of Net Income to Operating Cash Flows: The reconciliation figures mirror net income volatility but with amplified swings, reflecting considerable non-cash adjustments and working capital changes affecting cash generation.
Net Cash Provided By (Used In) Operating Activities: Operating cash flow figures are generally positive but highly volatile. Large outflows are noted in some quarters, while others exhibit strong inflows, suggesting fluctuating operational efficiency and working capital management.
Purchases and Proceeds from Property and Equipment: Purchases of property and equipment are consistently negative, indicating ongoing capital expenditures with some variability. Proceeds from sales are minor and infrequent, reflecting limited asset disposals.
Net Cash Used in Investing Activities: Investing cash flows are persistently negative, dominated by capital expenditures, consistent with investment in property and equipment as a steady part of business operations.
Financing Activities: Net cash from financing activities fluctuates markedly between positive and negative values. Significant proceeds from stock issuance occur relatively steadily, while substantial repurchases of common stock in certain quarters indicate active capital return policies. Debt-related cash flows are irregular, featuring both borrowings and repayments, suggesting active but variable capital structure management.
Effect of Foreign Currency Exchange Rates: Impacts from foreign currency translation on cash are generally small but occasionally notable, contributing modestly to changes in cash balances over the periods.
Net Change in Cash and Cash Equivalents: The net cash change includes large positive and negative swings, corresponding mainly to the variability in operating and financing activities, indicating periods of substantial cash inflows and outflows reflecting business cycle volatility and financial strategy adjustments.

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Deckers Outdoor Corp. (NYSE:DECK)

Cash Flow Statement Quarterly Data

Cash Flow Statement
Quarterly Data