Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,284,540 $ 1,370,826
Short-term investments 106,028 100,767
Trade accounts receivable, less allowances of $47,468 and $48,562 798,836 619,800
Other receivables 70,758 69,222
Total receivables 869,594 689,022
Inventory 1,067,437 1,016,774
Prepaid expenses and other current assets 137,138 166,962
Total current assets ($920,986 and $862,954 related to VIEs) 3,464,737 3,344,351
Property, plant and equipment, net 992,512 935,441
Operating lease right-of-use assets 1,159,339 1,171,521
Deferred tax assets 63,339 63,884
Long-term investments 124,379 108,412
Goodwill 93,497 93,497
Other assets, net 87,763 95,263
Total non-current assets ($686,035 and $682,068 related to VIEs) 2,520,829 2,468,018
TOTAL ASSETS 5,985,566 5,812,369
Current liabilities    
Current installments of long-term borrowings 60,942 52,250
Short-term borrowings 1,138 3,297
Accounts payable 807,949 744,077
Operating lease liabilities 217,241 204,370
Accrued expenses 184,109 208,712
Total current liabilities ($544,355 and $526,466 related to VIEs) 1,271,379 1,212,706
Long-term borrowings, excluding current installments 717,595 679,415
Long-term operating lease liabilities 1,039,763 1,065,069
Deferred tax liabilities 10,835 11,439
Other long-term liabilities 114,448 118,077
Total non-current liabilities ($385,807 and $365,235 related to VIEs) 1,882,641 1,874,000
Total liabilities 3,154,020 3,086,706
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding
Additional paid-in capital 377,350 372,165
Accumulated other comprehensive loss (36,349) (27,285)
Retained earnings 2,234,973 2,136,400
Skechers U.S.A., Inc. equity 2,576,129 2,481,435
Noncontrolling interests 255,417 244,228
Total stockholders' equity 2,831,546 2,725,663
TOTAL LIABILITIES AND EQUITY 5,985,566 5,812,369
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 134 134
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 21 $ 21