Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.10.0.1
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]      
Net sales $ 4,642,068 $ 4,164,160 $ 3,563,311
Cost of sales 2,418,463 2,225,271 1,928,715
Gross profit 2,223,605 1,938,889 1,634,596
Royalty income 20,582 16,666 13,885
Operating income 2,244,187 1,955,555 1,648,481
Operating expenses:      
Selling 350,435 327,201 257,129
General and administrative 1,455,987 1,245,474 1,020,834
Operating expenses 1,806,422 1,572,675 1,277,963
Earnings from operations 437,765 382,880 370,518
Other income (expense):      
Interest income 10,128 2,420 1,186
Interest expense (5,847) (6,677) (6,270)
Other, net (10,162) 5,637 (5,950)
Total other income (expense) (5,881) 1,380 (11,034)
Earnings before income tax expense 431,884 384,260 359,484
Income tax expense 60,611 149,156 74,125
Net earnings 371,273 235,104 285,359
Less: Net earnings attributable to non-controlling interests 70,232 55,914 41,866
Net earnings attributable to Skechers U.S.A., Inc. $ 301,041 $ 179,190 $ 243,493
Net earnings per share attributable to Skechers U.S.A., Inc.:      
Basic $ 1.93 $ 1.15 $ 1.58
Diluted $ 1.92 $ 1.14 $ 1.57
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:      
Basic 155,815 155,651 154,169
Diluted 156,450 156,523 155,084