Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.23.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,100,401 $ 615,733
Short-term investments 64,065 102,166
Trade accounts receivable, less allowances of $66,115 and $59,472 929,368 848,287
Other receivables 65,323 86,036
Inventory 1,382,027 1,818,016
Prepaid expenses and other 226,565 176,035
Total current assets ($1,125,164 and $1,014,962 related to VIEs) 3,767,749 3,646,273
Property, plant and equipment, net 1,466,145 1,345,370
Operating lease right-of-use assets 1,212,113 1,200,565
Deferred tax assets 442,875 454,190
Long-term investments 108,517 70,498
Goodwill 101,230 93,497
Other assets, net 140,635 83,094
Total non-current assets ($630,170 and $598,973 related to VIEs) 3,471,515 3,247,214
TOTAL ASSETS 7,239,264 6,893,487
Current liabilities    
Accounts payable 820,789 957,384
Accrued expenses 296,313 294,143
Operating lease liabilities 264,556 238,694
Current installments of long-term borrowings 76,695 103,184
Short-term borrowings 35,178 19,635
Total current liabilities ($544,018 and $568,158 related to VIEs) 1,493,531 1,613,040
Long-term operating lease liabilities 1,047,896 1,063,672
Long-term borrowings 239,590 216,488
Deferred tax liabilities 20,203 8,656
Other long-term liabilities 133,781 120,045
Total non-current liabilities ($320,145 and $293,726 related to VIEs) 1,441,470 1,408,861
Total liabilities 2,935,001 3,021,901
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 340,476 403,799
Accumulated other comprehensive loss (98,044) (84,897)
Retained earnings 3,709,548 3,250,931
Skechers U.S.A., Inc. equity 3,952,134 3,569,988
Noncontrolling interests 352,129 301,598
Total stockholders' equity 4,304,263 3,871,586
TOTAL LIABILITIES AND EQUITY 7,239,264 6,893,487
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 134 134
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 20 $ 21