DECKERS OUTDOOR CORP DECK Cash Flow

Deckers outdoor corp (DECK)

CashFlow / TTM

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
284,021	278,802	275,364	264,308	260,954	150,921	126,108	114,394	78,075	32,761	22,507	5,710	-2,292	113,602	110,674	122,265	147,377	147,162	151,515	161,780	157,689	141,880	134,210	141,997	145,689	102,849	112,850	121,986	129,014	158,165	177,449	190,060	201,858	166,005	145,632	162,070	160,377	0	0	0
Reconciliation of net income to net cash provided by (used in) operating activities:
Depreciation, amortization and accretion
40,831	42,773	43,881	44,941	45,464	46,253	47,709	48,572	49,789	51,196	51,875	52,628	51,391	50,846	51,140	50,024	49,612	49,583	50,067	49,293	48,377	49,372	45,290	43,038	41,439	37,877	36,550	33,919	33,367	31,981	32,104	31,518	28,977	23,342	17,586	14,265	12,283	0	0	0
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,411	-6,466	-3,393	-4,750	-3,574	-854	1,364	1,427	1,541	1,815	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense
1,571	1,431	1,304	2,849	2,490	1,884	1,761	4,168	5,329	6,915	5,313	2,847	3,062	2,199	2,407	5,120	3,345	3,569	3,857	1,107	818	0	0	0	-	-	0	-	-	-	-	-	-	0	0	0	-	0	0	0
Recovery of doubtful accounts, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Deferred tax (benefit) expense
825	8,536	5,802	6,939	-540	9,578	10,561	8,138	26,301	-25,797	-25,295	-24,495	-33,680	5,867	5,866	8,167	13,451	8,971	10,139	9,970	-1,394	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Write-down of inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Stock-based compensation
15,811	15,624	14,483	14,585	15,212	14,721	14,979	14,157	12,472	8,148	6,645	6,011	5,229	5,048	6,408	6,622	9,491	12,826	12,817	13,524	12,315	13,113	12,586	13,597	13,136	12,453	12,110	13,095	14,661	15,938	16,930	15,946	14,803	13,464	13,055	12,667	12,782	0	0	0
Employee stock purchase plan
-	0	193	-	-	172	160	150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
0	0	0	-	0	0	0	-	-	0	-66	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property and equipment
-869	-762	-278	-277	-142	-20	-319	-387	-399	-277	-420	-538	0	0	0	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of operating lease assets and other long-lived assets
-	-	-	-	-	-	-	2,417	5,033	13,615	13,353	13,222	0	0	0	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
-	-	-	-	-	-	-	1,667	23,074	27,870	28,770	28,984	32,250	27,305	26,405	24,673	0	0	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-331	-561	-583	-2,969	-2,946	-3,553	-3,802	-1,361	-1,306	-931	-1,057	-1,120	-1,229	-2,360	-3,467	-2,769	-2,735	-1,582	8	1,080	391	0	0	0
Changes in operating assets and liabilities:
Trade accounts receivable, net
9,501	14,249	8,237	16,157	27,268	-4,494	24,023	-10,770	24,767	13,328	11,258	1,336	20,895	16,830	-10,667	23,545	10,497	25,553	-10,562	36,885	5,224	53,082	21,583	-3,850	-6,618	-27,113	-11,957	3,768	-491	13,422	3,248	16,796	63,199	71,741	25,864	23,711	39,449	0	0	0
Inventories, net
23,904	43,948	49,084	-8,827	-42,334	-28,701	-5,405	751	22,807	-22,468	-27,516	-1,060	4,239	-15,633	96,934	61,492	75,850	112,502	16,099	26,748	32,470	36,412	-6,082	-46,776	-40,580	-42,770	14,606	48,644	46,903	123,463	125,663	92,631	120,730	156,219	91,766	39,058	38,642	0	0	0
Prepaid expenses and other current assets
677	10,599	-1,608	515	-391	-8,255	8,283	-11,124	-18,929	-15,969	-13,406	-7,975	1,299	5,857	-1,674	3,681	3,306	7,055	9,057	10,376	-39,356	-17,033	-3,854	-17,696	58,554	18,960	-2,640	-11,900	-23,511	8,971	44,338	65,985	75,525	48,223	13,231	12,049	6,766	0	0	0
Income tax receivable
5,589	3,762	1,435	165	-5,845	-10,445	-34,988	-26,999	1,048	-9,003	3,965	1,331	4,893	-5,886	-6,588	8,286	352	18,372	18,705	15,170	-2,303	-4,491	-1,749	-4,799	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net operating lease assets and liabilities
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
7,294	-483	-379	-2,344	-2,891	-299	554	2,090	1,328	-357	-2,320	-1,882	-1,511	2,009	4,230	3,082	1,876	-248	-1,830	144	1,676	1,341	5,119	5,092	4,290	4,200	1,571	867	3,028	4,639	5,083	4,807	5,385	5,095	4,157	4,252	1,651	0	0	0
Trade accounts payable
16,334	35,810	37,595	31,035	29,001	32,560	34,277	-2,184	23,327	38,745	12,153	-7,825	-19,492	-43,415	-15,231	14,775	20,972	31,174	9,931	8,912	19,467	70,084	48,036	18,648	21,251	-19,980	-22,553	15,860	18,932	32,140	78,854	-6,923	38,237	53,400	27,421	13,552	19,742	0	0	0
Contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,974	-6,458	-6,458	-6,458	-6,458	-959	0	0	0	-	-	-	-	-	-	-	-
Other accrued expenses
-1,111	-10,288	-13,963	-7,160	-17,944	-10,433	40,105	28,627	28,847	-11,116	-19,726	-403	-6,429	-500	-2,414	-16,221	-6,763	2,484	-5,808	3,761	-158	-175	11,394	9,059	33,556	21,106	5,704	8,809	-9,983	-14,030	4,430	865	850	11,677	3,427	2,730	16,468	0	0	0
Income taxes payable
1,981	-1,443	-8,612	3,809	-5,510	-4,980	-669	-1,693	-292	4,243	-10,287	-3,643	16,704	630	909	-397	-30,823	391	1,974	4,883	-2,101	933	2,244	-424	24,386	-14,774	-3,510	2,763	-5,820	5,952	930	-1,823	5,722	-12,923	-2,552	-8,143	5,480	0	0	0
Long-term liabilities
4,594	4,852	5,546	2,191	-2	54,643	57,254	62,128	63,718	10,203	7,085	3,023	2,588	950	561	7,195	8,056	10,230	9,101	6,716	5,398	4,533	7,181	6,786	5,618	5,283	4,693	2,263	4,264	2,587	1,759	3,900	2,519	2,721	3,082	4,136	2,187	0	0	0
Net cash provided by operating activities
318,490	304,085	304,803	359,505	353,999	349,409	342,776	327,355	284,365	305,072	235,316	199,330	148,243	165,668	109,499	125,813	121,740	100,637	207,593	169,654	241,454	206,128	242,497	294,267	262,125	191,827	135,916	152,603	163,906	68,964	139,038	53,578	30,091	-20,410	57,369	121,888	139,922	0	0	0
INVESTING ACTIVITIES
Proceeds from sales of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,080	0	0	0
Purchases of property and equipment
30,918	29,939	29,193	29,086	35,236	38,746	38,264	34,813	29,198	23,031	28,220	44,499	52,361	61,328	67,545	66,186	75,019	89,141	91,168	91,147	84,266	80,162	87,348	85,328	79,829	75,333	64,442	62,491	61,575	76,057	67,579	61,666	55,538	29,476	29,666	24,311	22,489	0	0	0
Proceeds from sale of property and equipment
266	240	248	68	177	177	163	116	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of businesses and equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,191	0	0	0
Purchases of tangible, intangible, and other assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,700	0	0	0	-	-	-	-	5,398	5,368	0	0	0	-	-	-	-	4,025	0	0	0	-	-	-	-
Proceeds from sale of net assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of tangible and intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-30,652	-29,699	-28,945	-29,018	-35,059	-38,569	-38,101	-34,697	-29,191	-23,024	-28,220	-44,499	-51,131	-60,098	-63,880	-67,221	-77,284	-91,406	-105,357	-100,636	-93,785	-94,348	-91,899	-90,726	-85,197	-77,007	-77,076	-76,278	-75,362	-87,260	-194,349	-186,746	-184,766	-160,315	-36,124	-30,459	-1,600	0	0	0
FINANCING ACTIVITIES
Proceeds from short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	405,988	468,988	409,666	521,200	449,200	386,200	391,335	237,784	199,784	199,784	185,054	284,728	310,728	320,728	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	468,938	458,333	448,124	453,753	387,120	0	0	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs on short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,642	3,995	4,192	4,197	1,614	1,299	1,593	1,801	2,071	1,382	1,154	2,266	2,457	6,443	10,484	12,398	15,330	12,454	8,687	6,107	3,525	0	0	0
Cash received from issuances of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	89	0	0	0
Repurchase of common stock
190,405	217,065	186,401	161,395	286,395	284,422	159,686	149,687	0	0	0	-	-	-	-	94,200	163,134	176,440	152,646	107,239	13,306	0	0	0	-	-	-	-	220,695	0	0	0	-	-	-	-	-	-	-	-
Cash paid for shares withheld for taxes
6,423	6,482	5,203	5,328	5,289	10,824	7,711	8,105	9,855	6,286	8,239	8,452	8,214	7,315	4,599	3,691	3,508	5,444	5,799	5,674	7,708	6,286	7,166	8,684	6,736	5,630	5,205	4,986	6,535	11,360	16,677	20,701	22,634	17,636	11,849	7,186	2,584	0	0	0
Contingent consideration paid
-	-	-	-	-	-	-	-	-	-	-	20,058	20,068	20,068	20,229	445	161	161	0	115	15,967	15,967	15,967	15,852	22,628	22,628	22,628	80,710	29,041	0	0	0	-	-	-	-	-	-	-	-
Proceeds from mortgage loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage loan origination costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	344,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of mortgage principal
601	593	585	578	571	564	556	550	543	536	531	523	512	506	499	493	491	485	402	283	157	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-186,964	-277,193	-189,309	-167,194	-292,280	-358,087	-167,326	-157,715	-64,587	-160,029	-127,135	-103,757	-55,360	-91,055	-6,744	-36,811	-146,406	-17,161	-82,343	-78,260	-7,671	-78,750	-44,218	-25,955	-50,513	-92,511	-123,181	-237,851	-242,621	-10,305	-155,172	-77,199	-27,160	19,903	-30,522	-11,150	-9,052	0	0	0
Effect of foreign currency exchange rates on cash and cash equivalents
52	-1,712	-1,774	-3,571	-3,724	-1,147	562	3,263	5,987	-1,480	-2,330	-5,266	-8,333	-4,243	-5,310	-968	-4,483	-6,946	-9,375	-10,703	-7,681	-2,486	2,720	2,911	463	162	-934	-2,454	718	-188	-286	1,038	215	711	702	293	94	0	0	0
Net change in cash and cash equivalents
100,926	-4,519	84,775	159,722	22,936	-48,394	137,911	138,206	196,574	120,539	77,631	45,808	33,419	10,272	33,565	20,813	-106,433	-14,876	10,518	-19,945	132,317	30,544	109,100	180,497	126,878	22,471	-65,275	-163,980	-153,359	-28,789	-210,769	-209,329	-181,620	-160,111	-8,575	80,572	129,364	0	0	0
SUPPLEMENTAL CASH FLOW DISCLOSURE
Income taxes, net of refunds of $5,302 and $3,674, as of December 31, 2019 and 2018, respectively
71,493	62,483	63,529	53,657	56,042	37,486	14,102	14,407	-5,858	-9,705	27,865	14,099	29,145	32,741	14,404	29,916	52,154	54,991	55,249	53,504	58,129	62,032	59,975	59,277	39,122	57,338	60,437	60,759	66,899	66,095	62,544	68,563	62,405	85,209	91,027	91,457	82,493	0	0	0
Income tax refunds
-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest
2,402	2,657	2,880	3,811	3,776	4,439	4,688	3,774	4,471	4,812	5,161	5,494	6,668	6,144	4,771	4,640	3,806	4,459	4,807	4,315	2,847	2,085	2,637	2,705	2,586	4,214	3,717	3,359	3,338	527	123	129	88	48	70	63	59	0	0	0
Operating leases
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued for purchases of property and equipment
2,435	3,081	590	1,789	1,141	2,231	2,778	2,020	-452	1,983	1,701	1,101	2,784	1,894	2,380	2,640	3,912	-865	4,372	3,419	6,858	8,335	2,701	6,548	3,546	4,515	4,829	662	489	4,628	4,140	4,210	3,268	781	85	-405	247	0	0	0
Accrued for asset retirement obligations
-	-	-	-	-	-	-	1,359	862	2,382	2,127	2,359	2,811	1,353	1,585	1,394	1,422	1,058	794	786	316	2,238	2,078	1,955	1,959	406	510	516	526	0	0	0	-	-	-	-	-	-	-	-
Non-cash financing activity:
Accrued for shares withheld for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	2,311	3,702	5,067	2,710	3,546	1,974	1,804	599	1,540	1,764	2,460	3,618	2,977	2,832	1,598	0	0	0
Accrued for shares withheld for taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-