Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,294,222 $ 824,876
Short-term investments 106,767 112,037
Trade accounts receivable, less allowances of $41,750 in 2020 and $24,106 in 2019 708,947 645,303
Other receivables 74,727 53,932
Total receivables 783,674 699,235
Inventories 1,053,360 1,069,863
Prepaid expenses and other current assets 147,607 113,580
Total current assets 3,385,630 2,819,591
Property, plant and equipment, net 870,162 738,925
Operating lease right-of-use assets 1,106,047 1,073,660
Deferred tax assets 60,934 49,088
Long-term investments 98,698 94,589
Goodwill 93,497 71,412
Other assets, net 96,426 45,678
Total non-current assets 2,325,764 2,073,352
TOTAL ASSETS 5,711,394 4,892,943
Current liabilities:    
Current installments of long-term borrowings 106,702 66,234
Short-term borrowings 21,720 5,789
Accounts payable 742,226 764,844
Operating lease liabilities 196,760 191,129
Accrued expenses 193,032 210,235
Total current liabilities 1,260,440 1,238,231
Long-term borrowings, excluding current installments 683,611 49,183
Long-term operating lease liabilities 1,004,584 966,011
Deferred tax liabilities 11,926 322
Other long-term liabilities 109,722 103,089
Total non-current liabilities 1,809,843 1,118,605
Total liabilities 3,070,283 2,356,836
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding
Additional paid-in capital 359,678 306,669
Accumulated other comprehensive loss (40,549) (29,993)
Retained earnings 2,083,118 2,037,836
Skechers U.S.A., Inc. equity 2,402,402 2,314,665
Non-controlling interests 238,709 221,442
Total stockholders' equity 2,641,111 2,536,107
TOTAL LIABILITIES AND EQUITY 5,711,394 4,892,943
Class A Common Stock [Member]    
Stockholders’ equity:    
Common Stock 133 131
Class B Common Stock [Member]    
Stockholders’ equity:    
Common Stock $ 22 $ 22