DECKERS OUTDOOR CORP DECK Cash Flow

Deckers outdoor corp (DECK)

CashFlow / Yearly

Mar'19	Mar'18	Mar'17	Mar'16	Mar'15	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent
264,308	114,394	5,710	122,265	161,780	145,689	129,014	201,858	160,377	116,919	73,871
Reconciliation of net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion
44,941	48,572	52,628	50,024	49,293	41,439	33,367	28,977	12,283	10,194	6,008
Amortization on debt issuance costs
286	375	375	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-447	0	0	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-	-	-	-4,411	-3,574	1,815	8,659	0	-	-	-
Bad debt expense
2,849	4,168	2,847	5,120	1,107	125	2,128	-	-	399	2,233
Recovery of doubtful accounts, net
-	-	-	-	-	-	-	704	786	-	-
Deferred tax (benefit) expense
6,939	8,138	-24,495	8,167	9,970	-4,092	-5,657	-67	-1,712	5,308	-22,125
Write-down of inventory
-	-	-	-	-	-	-	-	-	3,955	4,785
Stock-based compensation
14,585	14,157	6,011	6,622	13,524	13,136	14,661	14,803	12,782	13,016	10,193
Employee stock purchase plan
189	150	164	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-471	-	-	-	-	-	-	-
Loss on disposal of property and equipment
-277	-387	-538	1,338	0	0	-	-	-	-	-
Impairment of goodwill
0	0	113,944	0	0	-	-	-	-	-	-
Impairment of operating lease assets and other long-lived assets
180	2,417	13,222	9,773	0	0	-	-	-	-	35,825
Restructuring charges
295	1,667	28,984	24,673	0	0	-	-	-	-	-
Other
-	-	-	-	-2,969	-1,306	-1,229	-2,735	391	-1,060	-17
Changes in operating assets and liabilities:
Trade accounts receivable, net
16,157	-10,770	1,336	23,545	36,885	-6,618	-491	63,199	39,449	-31,527	38,153
Inventories, net
-8,827	751	-1,060	61,492	26,748	-40,580	46,903	120,730	38,642	-5,247	45,749
Prepaid expenses and other current assets
515	-11,124	-7,975	3,681	10,376	58,554	-23,511	75,525	6,766	3,408	465
Income tax receivable
165	-26,999	1,331	8,286	15,170	0	0	-	-	-	-
Other assets
-2,344	2,090	-1,882	3,082	144	4,290	3,028	5,385	1,651	1,012	-115
Trade accounts payable
31,035	-2,184	-7,825	14,775	8,912	21,251	18,932	38,237	19,742	3,790	6,739
Contingent consideration
-	-	-	-819	-	-6,458	-959	0	-	-	-
Other accrued expenses
-7,160	28,627	-403	-16,221	3,761	33,556	-9,983	850	16,468	2,583	9,049
Income taxes payable
3,809	-1,693	-3,643	-397	4,883	24,386	-5,820	5,722	5,480	-6,525	7,120
Long-term liabilities
2,191	62,128	3,023	7,195	6,716	5,618	4,264	2,519	2,187	2,421	3,847
Net cash provided by operating activities
359,505	327,355	199,330	125,813	169,654	262,125	163,906	30,091	139,922	185,474	53,276
INVESTING ACTIVITIES
Purchases of short-term investments
-	-	-	-	-	-	-	-	-	66,900	204,179
Proceeds from sales of short-term investments
-	-	-	-	-	-	-	-	26,080	57,078	299,049
Purchases of property and equipment
29,086	34,813	44,499	66,186	91,147	79,829	61,575	55,538	22,489	13,699	22,218
Proceeds from sale of property and equipment
68	116	0	830	-	-	-	-	-	-	-
Acquisitions of businesses and equity method investment
-	-	-	-	-	-	8,829	125,203	5,191	1,877	5,936
Purchases of tangible, intangible, and other assets, net
-	-	-	4,700	9,489	5,368	4,958	4,025	-	-	-
Proceeds from sale of net assets
-	-	-	2,835	0	0	-	-	-	-	-
Net cash used in investing activities
-29,018	-34,697	-44,499	-67,221	-100,636	-85,197	-75,362	-184,766	-1,600	-25,398	66,716
FINANCING ACTIVITIES
Proceeds from short-term borrowings
162,001	214,751	405,988	449,200	199,784	320,728	307,000	45,000	-	-	-
Repayments of short-term borrowings
161,621	214,889	468,938	387,120	201,705	344,000	274,000	45,000	-	-	-
Debt issuance costs on short-term borrowings
1,297	0	0	62	818	0	1,807	-	-	-	-
Proceeds from issuance of stock
1,024	765	798	0	0	-	-	-	-	-	-
Excess tax benefit from stock compensation
-	-	-	-	4,197	2,071	2,457	15,330	3,525	810	2,900
Cash received from issuances of common stock
-	-	-	-	-	52	0	62	89	107	404
Cash paid for noncontrolling interest
-	-	-	-	-	-	20,000	0	-	-	-
Repurchase of common stock
161,395	149,687	12,572	94,200	107,239	0	220,695	19,918	10,082	20,000	-
Cash paid for shares withheld for taxes
5,328	8,105	8,452	3,691	5,674	6,736	6,535	22,634	2,584	1,982	1,527
Contingent consideration paid
0	0	20,058	445	115	22,628	29,041	0	-	-	-
Proceeds from mortgage loan
-	-	-	-	33,931	0	0	-	-	-	-
Mortgage loan origination costs
-	-	-	-	338	-	-	-	-	-	-
Mortgage loan origination costs
-	-	-	-	-	-	-	0	-	-	-
Repayments of mortgage principal
578	550	523	493	283	0	0	-	-	-	-
Cash paid for noncontrolling interest in consolidated entity
-	-	-	-	-	-	-	-	-	-	490
Net cash used in financing activities
-167,194	-157,715	-103,757	-36,811	-78,260	-50,513	-242,621	-27,160	-9,052	-21,065	2,267
Effect of foreign currency exchange rates on cash and cash equivalents
-3,571	3,263	-5,266	-968	-10,703	463	718	215	94	47	20
Net change in cash and cash equivalents
159,722	138,206	45,808	20,813	-19,945	126,878	-153,359	-181,620	129,364	139,058	122,279
SUPPLEMENTAL CASH FLOW DISCLOSURE
Income taxes, net of refunds of $5,302 and $3,674, as of December 31, 2019 and 2018, respectively
53,657	14,407	14,099	29,916	53,504	39,122	66,899	62,405	82,493	66,540	58,741
Income tax refunds
-	-	-	501	4,701	-	-	-	-	-	-
Interest
3,811	3,774	5,494	4,640	4,315	2,586	3,338	88	59	19	563
Non-cash investing activities
Deferred purchase payments for acquisition of business
-	-	-	-	-	-	3,671	0	-	-	-
Accrued for purchases of property and equipment
1,789	2,020	1,101	2,640	3,419	2,283	489	3,268	247	1,356	186
Contingent consideration arrangement for acquisition of business
-	-	-	-	-	-	1,128	88,100	-	-	-
Accrued for asset retirement obligations
4,706	1,359	2,359	1,394	786	1,936	526	236	388	-	-
Non-cash financing activity:
Accrued for shares withheld for taxes
0	171	0	919	0	3,702	1,804	2,460	1,598	603	503
Accrued for shares withheld for taxes
-	-	-	-	-	1,752	2,838	0	-	-	-