Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.20.4
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Sales $ 4,597,414 $ 5,220,051 $ 4,642,068
Cost of sales 2,407,633 2,728,894 2,418,463
Gross profit 2,189,781 2,491,157 2,223,605
Royalty income 16,017 22,493 20,582
Operating income 2,205,798 2,513,650 2,244,187
Operating expenses:      
Selling 318,097 369,901 350,435
General and administrative 1,754,017 1,625,306 1,455,987
Selling, general and administrative 2,072,114 1,995,207 1,806,422
Earnings from operations 133,684 518,443 437,765
Other income (expense):      
Interest income 5,912 11,782 10,128
Interest expense (16,327) (7,509) (5,847)
Other, net 31,460 (6,711) (10,162)
Total other income (expense) 21,045 (2,438) (5,881)
Earnings before income tax expense 154,729 516,005 431,884
Income tax expense 8,502 88,753 60,611
Net earnings 146,227 427,252 371,273
Less: Net earnings attributable to noncontrolling interests 47,663 80,692 70,232
Net earnings attributable to Skechers U.S.A., Inc. $ 98,564 $ 346,560 $ 301,041
Net earnings per share attributable to Skechers U.S.A., Inc.:      
Basic $ 0.64 $ 2.26 $ 1.93
Diluted $ 0.64 $ 2.25 $ 1.92
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A, Inc.:      
Basic 154,184 153,392 155,815
Diluted 154,894 154,151 156,450