Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.19.3.a.u2
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]      
Sales $ 5,220,051 $ 4,642,068 $ 4,164,160
Cost of sales 2,728,894 2,418,463 2,225,271
Gross profit 2,491,157 2,223,605 1,938,889
Royalty income 22,493 20,582 16,666
Operating income 2,513,650 2,244,187 1,955,555
Operating expenses:      
Selling 369,901 350,435 327,201
General and administrative 1,625,306 1,455,987 1,245,474
Operating expenses 1,995,207 1,806,422 1,572,675
Earnings from operations 518,443 437,765 382,880
Other income / (expense):      
Interest income 11,782 10,128 2,420
Interest expense (7,509) (5,847) (6,677)
Other, net (6,711) (10,162) 5,637
Total other income / (expense) (2,438) (5,881) 1,380
Earnings before income tax expense 516,005 431,884 384,260
Income tax expense 88,753 60,611 149,156
Net earnings 427,252 371,273 235,104
Less: Net earnings attributable to non-controlling interests 80,692 70,232 55,914
Net earnings attributable to Skechers U.S.A., Inc. $ 346,560 $ 301,041 $ 179,190
Net earnings per share attributable to Skechers U.S.A., Inc.:      
Basic $ 2.26 $ 1.93 $ 1.15
Diluted $ 2.25 $ 1.92 $ 1.14
Weighted average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:      
Basic 153,392 155,815 155,651
Diluted 154,151 156,450 156,523