Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Earnings

v3.22.4
Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]      
Sales $ 7,444,550 $ 6,310,187 $ 4,613,430
Cost of sales 3,929,193 3,185,816 2,407,632
Gross profit 3,515,357 3,124,371 2,205,798
Operating expenses      
Selling 583,626 499,532 351,471
General and administrative 2,385,061 2,026,652 1,720,643
Total operating expenses 2,968,687 2,526,184 2,072,114
Earnings from operations 546,670 598,187 133,684
Total other income (expense) (24,413) (28,430) 21,045
Earnings before income taxes 522,257 569,757 154,729
Income tax expense (benefit) 93,095 (245,875) 8,502
Net earnings 429,162 815,632 146,227
Less: Net earnings attributable to noncontrolling interest 56,134 74,129 47,663
Net earnings attributable to Skechers U.S.A., Inc. $ 373,028 $ 741,503 $ 98,564
Net earnings per share attributable to Skechers U.S.A., Inc.      
Basic $ 2.40 $ 4.77 $ 0.64
Diluted $ 2.38 $ 4.73 $ 0.64
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.      
Basic 155,627 155,539 154,184
Diluted 156,608 156,794 154,894