DECKERS OUTDOOR CORP DECK Cash Flow

Deckers outdoor corp (DECK)

CashFlow / Quarterly

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent
201,593	77,810	-19,351	23,969	196,374	74,372	-30,407	20,615	86,341	49,559	-42,121	-15,704	41,027	39,305	-58,918	-23,706	156,921	36,377	-47,327	1,406	156,706	40,730	-37,062	-2,685	140,897	33,060	-29,275	1,007	98,057	43,061	-20,139	8,035	127,208	62,345	-7,528	19,833	91,355	41,972	8,910	18,140
Reconciliation of net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion
9,471	9,621	10,345	11,394	11,413	10,729	11,405	11,917	12,202	12,185	12,268	13,134	13,609	12,864	13,021	11,897	13,064	13,158	11,905	11,485	13,035	13,642	11,131	10,569	14,030	9,560	8,879	8,970	10,468	8,233	6,248	8,418	9,082	8,356	5,662	5,877	3,447	2,600	2,341	3,895
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	-2,645	-654	-1,152	-2,015	428	-2,011	24	705	2,646	-1,948	138	979	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense
-283	1,913	-937	878	-423	1,786	608	519	-1,029	1,663	3,015	1,680	557	61	549	1,895	-306	269	3,262	120	-82	557	512	-169	-	-	13	-	-	-	-	-	-	-772	118	-171	-	679	-373	-1,025
Recovery of doubtful accounts, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-55	-13	314	-	-1,238	-275	-204	-	-	-	-	-	-	-	-
Deferred tax (benefit) expense
-608	1,234	-1,646	1,845	7,103	-1,500	-509	-5,634	17,221	-517	-2,932	12,529	-34,877	-15	-2,132	3,344	4,670	-16	169	8,628	190	1,152	0	-2,736	-	-	-210	-167	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,826	1,845	1,160	-	804	428	395
Stock-based compensation
4,365	4,977	3,424	3,045	4,178	3,836	3,526	3,672	3,687	4,094	2,704	1,987	-637	2,591	2,070	1,205	-818	3,951	2,284	4,074	2,517	3,942	2,991	2,865	3,315	3,415	4,002	2,404	2,632	3,072	4,987	3,970	3,909	4,064	4,003	2,827	2,570	3,655	3,615	2,942
Employee stock purchase plan
-	47	49	-	-	45	45	44	38	33	35	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-249	1,424	580	-	-17	1,230	106	-	-	-51	-25	-	-247	-1,025	-59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property and equipment
-288	-332	-59	-190	-181	152	-58	-55	-59	-147	-126	-67	63	-290	-244	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of operating lease assets and other long-lived assets
-	-	-	-	-	-	-	517	1,507	262	131	3,133	10,089	0	0	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
-	-	-	-	-	-	-	0	149	0	1,518	21,407	4,945	900	1,732	24,673	0	0	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90	-165	-122	-134	-140	-187	-2,508	-111	-747	-436	-67	-56	-372	-562	-130	-165	-1,503	-1,669	568	-131	-350	-79	1,640	-820
Changes in operating assets and liabilities:
Trade accounts receivable, net
-47,993	176,835	-19,860	-99,481	-43,245	170,823	-11,940	-88,370	-75,007	199,340	-46,733	-52,833	-86,446	197,270	-56,655	-33,274	-90,511	169,773	-22,443	-46,322	-75,455	133,658	25,004	-77,983	-27,597	102,159	-429	-80,751	-48,092	117,315	15,296	-85,010	-34,179	107,141	28,844	-38,607	-25,637	61,264	26,691	-22,869
Inventories, net
-192,928	85,480	194,552	-63,200	-172,884	90,616	136,641	-96,707	-159,251	113,912	142,797	-74,651	-204,526	108,864	169,253	-69,352	-224,398	221,431	133,811	-54,994	-187,746	125,028	144,460	-49,272	-183,804	82,534	103,766	-43,076	-185,994	139,910	137,804	-44,817	-109,434	142,110	104,772	-16,718	-73,945	77,657	52,064	-17,134
Prepaid expenses and other current assets
4,921	7,877	7,172	-19,293	14,843	-4,330	9,295	-20,199	6,979	12,208	-10,112	-28,004	9,939	14,771	-4,681	-18,730	14,497	7,240	674	-19,105	18,246	9,242	1,993	-68,837	40,569	22,421	-11,849	7,413	975	821	-21,109	-4,198	33,457	36,188	538	5,342	6,155	1,196	-644	59
Income tax receivable
2,629	1,653	1,499	-192	802	-674	229	-6,202	-3,798	-25,217	8,218	21,845	-13,849	-12,249	5,584	25,407	-24,628	-12,951	20,458	17,473	-6,608	-12,618	16,923	0	-8,796	-9,876	13,873	4,799	-	-	-	-	-	-	-	-	-	-	-	-
Net operating lease assets and liabilities
875	-216	1,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
5,785	-408	547	1,370	-1,992	-304	-1,418	823	600	549	118	61	-1,085	-1,414	556	432	2,435	807	-592	-774	311	-775	1,382	758	-24	3,003	1,355	-44	-114	374	651	2,117	1,497	818	375	2,695	1,207	-120	470	94
Trade accounts payable
-68,619	13,284	175,129	-103,460	-49,143	15,069	168,569	-105,494	-45,584	16,786	132,108	-79,983	-30,166	-9,806	112,130	-91,650	-54,089	18,378	142,136	-85,453	-43,887	-2,865	141,117	-74,898	6,730	-24,913	111,729	-72,295	-34,501	-27,486	150,142	-69,223	-21,293	19,228	64,365	-24,063	-6,130	-6,751	50,496	-17,873
Contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,974	0	0	0	-6,458	0	0	0	-959	-	-	-	-	-	-	-	-
Other accrued expenses
52,560	-22,458	-8,598	-22,615	43,383	-26,133	-1,795	-33,399	50,894	24,405	-13,273	-33,179	10,931	15,795	6,050	-39,205	16,860	13,881	-7,757	-29,747	26,107	5,589	1,812	-33,666	26,090	17,158	-523	-9,169	13,640	1,756	2,582	-27,961	9,593	20,216	-983	-27,976	20,420	11,966	-1,680	-14,238
Income taxes payable
26,876	15,294	-18,625	-21,564	23,452	8,125	-6,204	-30,883	23,982	12,436	-7,228	-29,482	28,517	-2,094	-584	-9,135	12,443	-1,815	-1,890	-39,561	43,657	-232	1,019	-46,545	46,691	1,079	-1,649	-21,735	7,531	12,343	4,624	-30,318	19,303	7,321	1,871	-22,773	658	17,692	-3,720	-9,150
Long-term liabilities
1,115	941	-955	3,493	1,373	1,635	-4,310	1,300	56,018	4,246	564	2,890	2,503	1,128	-3,498	2,455	865	739	3,136	3,316	3,039	-390	751	1,998	2,174	2,258	356	830	1,839	1,668	-2,074	2,831	162	840	67	1,450	364	1,201	1,121	-499
Net cash provided by operating activities
454,881	-169,527	-46,629	79,765	440,476	-168,809	8,073	74,259	435,886	-175,442	-7,348	31,269	456,593	-245,198	-43,334	-19,818	474,018	-301,367	-27,020	-23,891	452,915	-194,411	-64,959	47,909	417,589	-158,042	-13,189	15,767	347,291	-213,953	3,498	27,070	252,349	-143,879	-81,962	3,583	201,848	-66,100	-17,443	21,617
INVESTING ACTIVITIES
Proceeds from sales of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	26,080
Purchases of property and equipment
8,720	7,551	7,393	7,254	7,741	6,805	7,286	13,404	11,251	6,323	3,835	7,789	5,084	11,512	20,114	15,651	14,051	17,729	18,755	24,484	28,173	19,756	18,734	17,603	24,069	26,942	16,714	12,104	19,573	16,051	14,763	11,188	34,055	7,573	8,850	5,060	7,993	7,763	3,495	3,238
Proceeds from sale of property and equipment
26	13	227	0	0	21	47	109	0	7	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of businesses and equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,000	0	3,191
Purchases of tangible, intangible, and other assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,700	-	-	-	-	30	4,667	-146	847	0	-	-	-	-	-199	-234	310	4,148	-	-	-	-
Proceeds from sale of net assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of tangible and intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-8,694	-7,538	-7,166	-7,254	-7,741	-6,784	-7,239	-13,295	-11,251	-6,316	-3,835	-7,789	-5,084	-11,512	-20,114	-14,421	-14,051	-15,294	-23,455	-24,484	-28,173	-29,245	-18,734	-17,633	-28,736	-26,796	-17,561	-12,104	-20,546	-26,865	-16,763	-11,188	-32,444	-133,954	-9,160	-9,208	-7,993	-9,763	-3,495	19,651
FINANCING ACTIVITIES
Proceeds from short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	0	103,187	192,801	110,000	63,000	43,865	304,335	38,000	0	49,000	150,784	0	0	34,270	250,458	26,000	10,000	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	29,829	347,209	25,267	66,633	19,224	337,000	30,896	0	-	-	-	-	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs on short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options
186	186	2,773	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	50	9	2,583	1,353	247	14	0	1,038	541	222	270	349	313	1,334	461	4,335	4,354	3,248	3,393	1,459	587	668	811
Cash received from issuances of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	3	2	6	78
Repurchase of common stock
0	155,400	35,005	0	26,660	124,736	9,999	125,000	24,687	0	0	-	-	-	-	24,999	0	23,794	45,407	93,933	13,306	0	0	0	-	-	-	-	36,000	84,695	80,001	19,999	-	-	-	-	-	-	-	-
Cash paid for shares withheld for taxes
251	5,370	374	428	310	4,091	499	389	5,845	978	893	2,139	2,276	2,931	1,106	1,901	1,377	215	198	1,718	3,313	570	73	3,752	1,891	1,450	1,591	1,804	785	1,025	1,372	3,353	5,610	6,342	5,396	5,286	612	555	733	684
Contingent consideration paid
-	-	-	-	-	-	-	-	-	-	-	274	0	0	19,784	284	0	161	0	0	0	0	115	15,852	0	0	0	22,628	0	0	58,082	-29,041	-	-	-	-	-	-	-	-
Proceeds from mortgage loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loan origination costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,120	0	3,458	-	270,000	31,000	10,000	33,000	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of mortgage principal
154	148	146	153	146	140	139	146	139	132	133	139	132	127	125	128	126	120	119	126	120	37	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-7,524	-146,651	-32,752	-37	-97,753	-58,767	-10,637	-125,123	-163,560	131,994	-1,026	-31,995	-259,002	164,888	22,352	16,402	-294,697	249,199	-7,715	-93,193	-165,452	184,017	-3,632	-22,604	-236,531	218,549	14,631	-47,162	-278,529	187,879	-100,039	-51,932	-46,213	43,012	-22,066	-1,893	850	-7,413	-2,694	205
Effect of foreign currency exchange rates on cash and cash equivalents
528	-1,237	-519	1,280	-1,236	-1,299	-2,316	1,127	1,341	410	385	3,851	-6,126	-440	-2,551	784	-2,036	-1,507	1,791	-2,731	-4,499	-3,936	463	291	696	1,270	654	-2,157	395	174	-866	1,015	-511	76	458	192	-15	67	49	-7
Net change in cash and cash equivalents
439,191	-324,953	-87,066	73,754	333,746	-235,659	-12,119	-63,032	262,416	-49,354	-11,824	-4,664	186,381	-92,262	-43,647	-17,053	163,234	-68,969	-56,399	-144,299	254,791	-43,575	-86,862	7,963	153,018	34,981	-15,465	-45,656	48,611	-52,765	-114,170	-35,035	173,181	-234,745	-112,730	-7,326	194,690	-83,209	-23,583	41,466
SUPPLEMENTAL CASH FLOW DISCLOSURE
Income taxes, net of refunds of $5,302 and $3,674, as of December 31, 2019 and 2018, respectively
29,974	5,675	11,833	24,011	20,964	6,721	1,961	26,396	2,408	-16,663	2,266	6,131	-1,439	20,907	-11,500	21,177	2,157	2,570	4,012	43,415	4,994	2,828	2,267	48,040	8,897	771	1,569	27,885	27,113	3,870	1,891	34,025	26,309	319	7,910	27,867	49,113	6,137	8,340	18,903
Income tax refunds
-	-	-	-	-	-	-	-	6,150	3,245	866	-	2,444	-8,628	15,220	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
631	555	563	653	886	778	1,494	618	1,549	1,027	580	1,315	1,890	1,376	913	2,489	1,366	3	782	1,655	2,019	351	290	187	1,257	903	358	68	2,885	406	0	47	74	2	6	6	34	24	-1	2
Operating leases
15,639	14,828	15,265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued for purchases of property and equipment
-2,816	3,144	1,116	991	-2,170	653	2,315	343	-1,080	1,200	1,557	-2,129	1,355	918	957	-446	465	1,404	1,217	826	-4,312	6,641	264	4,265	-2,835	1,007	4,111	1,263	-1,866	1,321	-56	1,090	2,273	833	14	148	-214	137	-476	800
Accrued for asset retirement obligations
-	-	-	-	-	-	-	506	313	427	113	9	1,833	172	345	461	375	404	154	489	11	140	146	19	1,933	-20	23	23	380	84	29	33	-	-	-	-	-	-	-	-
Non-cash financing activity:
Accrued for shares withheld for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	321	-	-	-	-	-	-	-	0	0	3,409	-1,098	1,391	1,365	1,052	-262	-181	1,195	-153	679	43	1,891	1,005	38	-102	657
Accrued for shares withheld for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-57	57	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-