Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 796,283 $ 1,370,826
Short-term investments 98,580 100,767
Trade accounts receivable, less allowances of $62,684 and $48,562 732,793 619,800
Other receivables 80,043 69,222
Inventory 1,470,994 1,016,774
Prepaid expenses and other current assets 193,547 166,962
Total current assets ($1,040,765 and $862,954 related to VIEs) 3,372,240 3,344,351
Property, plant and equipment, net 1,128,909 935,441
Operating lease right-of-use assets 1,224,580 1,171,521
Deferred tax assets 451,355 63,884
Long-term investments 145,590 108,412
Goodwill 93,497 93,497
Other assets, net 75,109 95,263
Total non-current assets ($608,607 and $682,068 related to VIEs) 3,119,040 2,468,018
TOTAL ASSETS 6,491,280 5,812,369
Current liabilities    
Accounts payable 876,342 744,077
Operating lease liabilities 225,658 204,370
Accrued expenses 265,420 208,712
Current installments of long-term borrowings 76,967 52,250
Short-term borrowings 1,195 3,297
Total current liabilities ($601,929 and $526,466 related to VIEs) 1,445,582 1,212,706
Long-term borrowings 263,445 679,415
Long-term operating lease liabilities 1,094,748 1,065,069
Deferred tax liabilities 11,820 11,439
Other long-term liabilities 133,613 118,077
Total non-current liabilities ($368,994 and $365,235 related to VIEs) 1,503,626 1,874,000
Total liabilities 2,949,208 3,086,706
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 429,608 372,165
Accumulated other comprehensive loss (48,323) (27,285)
Retained earnings 2,877,903 2,136,400
Skechers U.S.A., Inc. equity 3,259,344 2,481,435
Noncontrolling interests 282,728 244,228
Total stockholders' equity 3,542,072 2,725,663
TOTAL LIABILITIES AND EQUITY 6,491,280 5,812,369
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 135 134
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 21 $ 21