Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 589,908 $ 796,283
Short-term investments 104,933 98,580
Trade accounts receivable, less allowances of $53,868 and $62,684 1,010,599 732,793
Other receivables 71,924 80,043
Inventory 1,449,513 1,470,994
Prepaid expenses and other 198,727 193,547
Total current assets ($1,001,348 and $1,040,765 related to VIEs) 3,425,604 3,372,240
Property, plant and equipment, net 1,184,483 1,128,909
Operating lease right-of-use assets 1,191,885 1,224,580
Deferred tax assets 446,007 451,355
Long-term investments 125,051 145,590
Goodwill 93,497 93,497
Other assets, net 78,583 75,109
Total non-current assets ($606,270 and $608,607 related to VIEs) 3,119,506 3,119,040
TOTAL ASSETS 6,545,110 6,491,280
Current liabilities    
Accounts payable 812,216 876,342
Accrued expenses 258,713 265,420
Operating lease liabilities 225,885 225,658
Current installments of long-term borrowings 58,711 76,967
Short-term borrowings 50,245 1,195
Total current liabilities ($531,491 and $601,929 related to VIEs) 1,405,770 1,445,582
Long-term operating lease liabilities 1,064,231 1,094,748
Long-term borrowings 265,305 263,445
Deferred tax liabilities 11,300 11,820
Other long-term liabilities 132,588 133,613
Total non-current liabilities ($366,490 and $368,994 related to VIEs) 1,473,424 1,503,626
Total liabilities 2,879,194 2,949,208
Commitments and contingencies (Note 10) 0 0
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 415,357 429,608
Accumulated other comprehensive loss (46,822) (48,323)
Retained earnings 2,999,126 2,877,903
Skechers U.S.A., Inc. equity 3,367,817 3,259,344
Noncontrolling interests 298,099 282,728
Total stockholders' equity 3,665,916 3,542,072
TOTAL LIABILITIES AND EQUITY 6,545,110 6,491,280
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 135 135
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 21 $ 21