Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.22.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 615,733 $ 796,283
Short-term investments 102,166 98,580
Trade accounts receivable, less allowances of $59,472 and $62,684 848,287 732,793
Other receivables 86,036 80,043
Inventory 1,818,016 1,470,994
Prepaid expenses and other 176,035 193,547
Total current assets ($1,014,962 and $1,040,765 related to VIEs) 3,646,273 3,372,240
Property, plant and equipment, net 1,345,370 1,128,909
Operating lease right-of-use assets 1,200,565 1,224,580
Deferred tax assets 454,190 451,355
Long-term investments 70,498 145,590
Goodwill 93,497 93,497
Other assets, net 83,094 75,109
Total non-current assets ($598,973 and $608,607 related to VIEs) 3,247,214 3,119,040
TOTAL ASSETS 6,893,487 6,491,280
Current liabilities    
Accounts payable 957,384 876,342
Accrued expenses 294,143 265,420
Operating lease liabilities 238,694 225,658
Current installments of long-term borrowings 103,184 76,967
Short-term borrowings 19,635 1,195
Total current liabilities ($568,158 and $601,929 related to VIEs) 1,613,040 1,445,582
Long-term operating lease liabilities 1,063,672 1,094,748
Long-term borrowings 216,488 263,445
Deferred tax liabilities 8,656 11,820
Other long-term liabilities 120,045 133,613
Total non-current liabilities ($293,726 and $368,994 related to VIEs) 1,408,861 1,503,626
Total liabilities 3,021,901 2,949,208
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 403,799 429,608
Accumulated other comprehensive loss (84,897) (48,323)
Retained earnings 3,250,931 2,877,903
Skechers U.S.A., Inc. equity 3,569,988 3,259,344
Noncontrolling interests 301,598 282,728
Total stockholders' equity 3,871,586 3,542,072
TOTAL LIABILITIES AND EQUITY 6,893,487 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