Deckers Outdoor Corp. Files 10-Q for Q3 FY25

TL;DR

Deckers Outdoor (DECK) filed its Q3 FY25 10-Q. Check financials.

AI Summary

Deckers Outdoor Corp. filed its 10-Q for the period ending December 31, 2024. The company reported financial results for the third quarter and the first nine months of fiscal year 2025. Key financial data and operational details are presented in this filing.

Why It Matters

This filing provides investors with the latest financial performance and operational updates for Deckers Outdoor Corp., crucial for understanding the company's current health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently present new risks.

Key Numbers

• 20241231 — Period End Date (Fiscal third quarter end date)
• 20250203 — Filing Date (Date the report was submitted to the SEC)

Key Players & Entities

• DECKERS OUTDOOR CORP (company) — Filer
• 20241231 (date) — Period of Report
• 20250203 (date) — Filing Date
• GOLETA, CA (location) — Business Address

FAQ

Key Financial Figures

• $0.01 — ich registered Common Stock, par value $0.01 per share DECK New York Stock Exchange

Filing Documents

• deck-20241231.htm (10-Q) — 1371KB
• deck12312024exhibit311.htm (EX-31.1) — 10KB
• deck12312024exhibit312.htm (EX-31.2) — 10KB
• deck12312024exhibit321.htm (EX-32.1) — 8KB
• 0000910521-25-000005.txt ( ) — 6100KB
• deck-20241231.xsd (EX-101.SCH) — 39KB
• deck-20241231_cal.xml (EX-101.CAL) — 57KB
• deck-20241231_def.xml (EX-101.DEF) — 109KB
• deck-20241231_lab.xml (EX-101.LAB) — 500KB
• deck-20241231_pre.xml (EX-101.PRE) — 318KB
• deck-20241231_htm.xml (XML) — 917KB

- Financial Information

PART I - Financial Information Item 1.

Financial Statements

Financial Statements Condensed Consolidated Balance Sheets (Unaudited) 4 Condensed Consolidated Statements of Comprehensive Income (Unaudited) 5 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) 6 Condensed Consolidated Statements of Cash Flows (Unaudited) 8 Notes to Condensed Consolidated Financial Statements (Unaudited) 10 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 24 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 36

- Other Information

PART II - Other Information Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 39

Defaults Upon Senior Securities *

Item 3. Defaults Upon Senior Securities *

Mine Safety Disclosures *

Item 4. Mine Safety Disclosures * Item 5. Other Information 40 Item 6. Exhibits 41

Signatures

Signatures 42 *Not applicable. 1 Table of Contents CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q for our third fiscal quarter ended December 31, 2024 (Quarterly Report), and the information and documents incorporated by reference within this Quarterly Report, contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act), which statements are subject to considerable risks and uncertainties. These forward-looking statements are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements other than statements of historical fact contained in, or incorporated by reference within, this Quarterly Report. We have attempted to identify forward-looking statements by using words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "predict," "project," "should," "will," or "would," and similar expressions or the negative of these expressions. Specifically, this Quarterly Report, and the information and documents incorporated by reference within this Quarterly Report, contain forward-looking statements relating to, among other things: changes in consumer preferences impacting our brands and products, and the footwear and fashion industries; global economic trends, including foreign currency exchange rate fluctuations, changes in interest rates, inflationary pressures, changes in commodity pricing, and recessionary concerns; the ability to effectively compete in a highly competitive footwear, apparel, and accessories industry; our business, operating, investing, capital allocation, marketing, and financing plans and strategies; the operational challenges faced by our warehouses and distribution centers (DCs), wholesale partner

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION References within this Quarterly Report to "Deckers," "we," "our," "us," "management," or the "Company" refer to Deckers Outdoor Corporation, together with its consolidated subsidiaries. UGG (UGG), HOKA (HOKA), Teva (Teva), Koolaburra by UGG (Koolaburra), and AHNU (AHNU) are some of our trademarks. Other trademarks or trade names appearing elsewhere within this Quarterly Report are the property of their respective owners. The trademarks and trade names within this Quarterly Report are referred to without the and symbols, but such references should not be construed as any indication that their respective owners will not assert their rights to the fullest extent under applicable law. Unless otherwise indicated, all figures herein are expressed in thousands, except for per share and share data. On September 13, 2024, we effected a six-for-one forward stock split of our common stock and a proportional increase in our authorized shares of common stock, without changing the par value of $0.01 per share. The common stock commenced t rading on a post-stock split adjusted basis on September 17, 2024. Prior period results included in this Quarterly Report, including per share and share data, as well as stockholders' equity balances, have been retroactively adjusted, as applicable, to reflect the effectiveness of the stock split. Refer to Note 1, "General," for further information regarding the stock split. 3 Table of Contents

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS DECKERS OUTDOOR CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (dollar and share data amounts in thousands, except par value) December 31, 2024 March 31, 2024 ASSETS (AUDITED) Cash and cash equivalents $ 2,240,923 $ 1,502,051 Trade accounts receivable, net of allowances ($ 41,837 and $ 27,331 as of December 31, 2024, and March 31, 2024, respectively) 303,079 296,565 Inventories 576,669 474,311 Prepaid expenses 47,005 34,284 Other current assets 79,242 92,713 Income tax receivable 27,194 43,559 Total current assets 3,274,112 2,443,483 Property and equipment, net of accumulated depreciation ($ 391,945 and $ 349,138 as of December 31, 2024, and March 31, 2024, respectively) ( Note 11) 323,413 302,122 Operating lease assets 218,876 225,669 Goodwill 13,990 13,990 Other intangible assets, net of accumulated amortization ($ 24,417 and $ 91,314 as of December 31, 2024, and March 31, 2024, respectively) 15,798 27,083 Deferred tax assets, net 65,377 72,584 Other assets 52,787 50,648 Total assets $ 3,964,353 $ 3,135,579 LIABILITIES AND STOCKHOLDERS' EQUITY Trade accounts payable $ 586,371 $ 378,503 Accrued payroll 97,336 123,653 Operating lease liabilities 46,014 53,581 Other accrued expenses 192,276 106,785 Income tax payable 99,119 52,338 Value added tax payable 11,766 5,133 Total current liabilities 1,032,882 719,993 Long-term operating lease liabilities 211,015 213,298 Income tax liability 37,499 52,470 Other long-term liabilities 52,038 42,350 Total long-term liabilities 300,552 308,118 Commitments and contingencies ( Note 5) Stockholders' equity Common stock (par value $ 0.01 per share; 750,000 shares authorized; shares issued and outstanding of 151,770 and 153,554 as of December 31, 2024, and March 31, 2024, respectively) 1,518 1,536 Additional paid-in capital 259,947 243,050 Retained earnings 2,424,898 1,913,615 Accumulated other comprehensive loss ( Note 8) ( 55,

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