What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Deckers Outdoor (DECK) spend its free cash flow?

For TTM through Q1 2026, Deckers Outdoor generated $1.18B of operating cash flow and $1.18B of free cash flow — a free cash flow margin of 100% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Deckers Outdoor (DECK) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Deckers Outdoor's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Deckers Outdoor (DECK) Cash Flow Waterfall

Operating CF

$1.18B

Capex

$0.00

Free Cash Flow

$1.18B

FCF Margin

+100.0%

Cash flow waterfall for Deckers Outdoor (DECK) — TTM through Q1 2026

Free cash flow: $1.18B

Cash flow breakdown for Deckers Outdoor (DECK) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.18B	$1.18B
Capital Expenditure	$0.00	$1.18B
Free Cash Flow	$1.18B	$1.18B
Other Investing	-$84.6M	$1.1B
Share Buybacks	-$1.07B	$22.5M
Other Financing & FX	-$4.42M	$18.1M
Net Cash Increase	$18.1M	$18.1M

Operating Cash Flow$1.18B
Capital Expenditure$0.00
Free Cash Flow$1.18B
Other Investing-$84.6M
Share Buybacks-$1.07B
Other Financing & FX-$4.42M
Net Cash Increase$18.1M

Want to see what drove the FCF change?Free Cash Flow Bridge

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