Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.24.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 1,189,910 $ 615,733
Short-term investments 72,595 102,166
Trade accounts receivable, less allowances of $57,867 and $59,472 860,300 848,287
Other receivables 82,253 86,036
Inventory 1,525,409 1,818,016
Prepaid expenses and other 222,137 176,035
Total current assets ($1,252,372 and $1,014,962 related to VIEs) 3,952,604 3,646,273
Property, plant and equipment, net 1,506,690 1,345,370
Operating lease right-of-use assets 1,276,171 1,200,565
Deferred tax assets 450,574 454,190
Long-term investments 123,996 70,498
Goodwill 101,230 93,497
Other assets, net 136,086 83,094
Total non-current assets ($641,879 and $598,973 related to VIEs) 3,594,747 3,247,214
TOTAL ASSETS 7,547,351 6,893,487
Current liabilities    
Accounts payable 1,008,001 957,384
Accrued expenses 320,105 294,143
Operating lease liabilities 274,296 238,694
Current installments of long-term borrowings 46,571 103,184
Short-term borrowings 11,894 19,635
Total current liabilities ($600,337 and $568,158 related to VIEs) 1,660,867 1,613,040
Long-term operating lease liabilities 1,108,110 1,063,672
Long-term borrowings 242,944 216,488
Deferred tax liabilities 12,594 8,656
Other long-term liabilities 122,794 120,045
Total non-current liabilities ($329,219 and $293,726 related to VIEs) 1,486,442 1,408,861
Total liabilities 3,147,309 3,021,901
Commitments and contingencies (Note 7) 0 0
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding
Additional paid-in capital 295,847 403,799
Accumulated other comprehensive loss (73,388) (84,897)
Retained earnings 3,796,730 3,250,931
Skechers U.S.A., Inc. equity 4,019,342 3,569,988
Noncontrolling interests 380,700 301,598
Total stockholders' equity 4,400,042 3,871,586
TOTAL LIABILITIES AND EQUITY 7,547,351 6,893,487
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 133 134
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 20 $ 21