Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.20.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,370,826 $ 824,876
Short-term investments 100,767 112,037
Trade accounts receivable, less allowances of $48,562 and $24,106 619,800 645,303
Other receivables 69,222 53,932
Total receivables 689,022 699,235
Inventory 1,016,774 1,069,863
Prepaid expenses and other current assets 166,962 113,580
Total current assets ($862,954 and $752,965 related to VIEs) 3,344,351 2,819,591
Property, plant and equipment, net 935,441 738,925
Operating lease right-of-use assets 1,171,521 1,073,660
Deferred tax assets 63,884 49,088
Long-term investments 108,412 94,589
Goodwill 93,497 71,412
Other assets, net 95,263 45,678
Total non-current assets ($682,068 and $429,810 related to VIEs) 2,468,018 2,073,352
TOTAL ASSETS 5,812,369 4,892,943
Current liabilities:    
Current installments of long-term borrowings 52,250 66,234
Short-term borrowings 3,297 5,789
Accounts payable 744,077 764,844
Operating lease liabilities 204,370 191,129
Accrued expenses 208,712 210,235
Total current liabilities ($526,466 and $494,882 related to VIEs) 1,212,706 1,238,231
Long-term borrowings, excluding current installments 679,415 49,183
Long-term operating lease liabilities 1,065,069 966,011
Deferred tax liabilities 11,439 322
Other long-term liabilities 118,077 103,089
Total non-current liabilities ($365,235 and $136,912 related to VIEs) 1,874,000 1,118,605
Total liabilities 3,086,706 2,356,836
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding
Additional paid-in capital 372,165 306,669
Accumulated other comprehensive loss (27,285) (29,993)
Retained earnings 2,136,400 2,037,836
Skechers U.S.A., Inc. equity 2,481,435 2,314,665
Noncontrolling interests 244,228 221,442
Total stockholders' equity 2,725,663 2,536,107
TOTAL LIABILITIES AND EQUITY 5,812,369 4,892,943
Class A Common Stock [Member]    
Stockholders’ equity:    
Common Stock 134 131
Class B Common Stock [Member]    
Stockholders’ equity:    
Common Stock $ 21 $ 22