Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.22.2.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 508,281 $ 796,283
Short-term investments 102,986 98,580
Trade accounts receivable, less allowances of $58,818 and $62,684 933,908 732,793
Other receivables 75,075 80,043
Inventory 1,779,369 1,470,994
Prepaid expenses and other 182,260 193,547
Total current assets ($996,197 and $1,040,765 related to VIEs) 3,581,879 3,372,240
Property, plant and equipment, net 1,289,520 1,128,909
Operating lease right-of-use assets 1,117,951 1,224,580
Deferred tax assets 448,179 451,355
Long-term investments 70,242 145,590
Goodwill 93,497 93,497
Other assets, net 77,371 75,109
Total non-current assets ($587,295 and $608,607 related to VIEs) 3,096,760 3,119,040
TOTAL ASSETS 6,678,639 6,491,280
Current liabilities    
Accounts payable 925,907 876,342
Accrued expenses 261,577 265,420
Operating lease liabilities 221,396 225,658
Current installments of long-term borrowings 136,930 76,967
Short-term borrowings 31,013 1,195
Total current liabilities ($566,888 and $601,929 related to VIEs) 1,576,823 1,445,582
Long-term operating lease liabilities 996,414 1,094,748
Long-term borrowings 225,505 263,445
Deferred tax liabilities 11,739 11,820
Other long-term liabilities 119,288 133,613
Total non-current liabilities ($309,923 and $368,994 related to VIEs) 1,352,946 1,503,626
Total liabilities 2,929,769 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 387,459 429,608
Accumulated other comprehensive loss (104,326) (48,323)
Retained earnings 3,175,416 2,877,903
Skechers U.S.A., Inc. equity 3,458,704 3,259,344
Noncontrolling interests 290,166 282,728
Total stockholders' equity 3,748,870 3,542,072
TOTAL LIABILITIES AND EQUITY 6,678,639 6,491,280
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 134 135
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 21 $ 21