Skechers U.S.A., Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Financial Commitments (Tables)

Financial Commitments (Tables)

12 Months Ended

Dec. 31, 2020

Long-term borrowings were as follows:

	As of December 31,
(in thousands)	2020			2019
Revolving Credit Facility	$	452,500		$	—
HF-T1 Distribution Center Loan		129,505			63,692
HF-T2 Distribution Center Construction Loan		22,169			—
China Distribution Center Construction Loan		77,501			48,791
China Operational Loans		48,743			2,541
Other		1,247			393
Subtotal		731,665			115,417
Less: Current installments		(52,250	)		(66,234	)
Total long-term borrowings	$	679,415		$	49,183

Schedule of Future Principal Payments

The following table presents the future principal payments required under the Company’s debt obligations, discussed above:

Year (in thousands)	Maturities
2021	$	52,250
2022		29,026
2023		33,962
2024		452,500
2025		163,927
	$	731,665

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details