Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,280,430 $ 1,189,910
Short-term investments 130,111 72,595
Trade accounts receivable, less allowances of $53,603 and $57,867 1,027,231 860,300
Other receivables 77,921 82,253
Inventory 1,514,512 1,525,409
Prepaid expenses and other 223,819 222,137
Total current assets ($1,271,796 and $1,252,372 related to VIEs) 4,254,024 3,952,604
Property, plant and equipment, net 1,587,433 1,506,690
Operating lease right-of-use assets 1,327,795 1,276,171
Deferred tax assets 435,404 450,574
Long-term investments 137,379 123,996
Goodwill 101,230 101,230
Other assets, net 131,686 136,086
Total non-current assets ($653,963 and $641,879 related to VIEs) 3,720,927 3,594,747
TOTAL ASSETS 7,974,951 7,547,351
Current liabilities    
Accounts payable 1,176,668 1,008,001
Accrued expenses 305,144 320,105
Operating lease liabilities 286,535 274,296
Current installments of long-term borrowings 292,891 46,571
Short-term borrowings 0 11,894
Total current liabilities ($781,690 and $600,337 related to VIEs) 2,061,238 1,660,867
Long-term operating lease liabilities 1,145,090 1,108,110
Long-term borrowings 45,702 242,944
Deferred tax liabilities 11,666 12,594
Other long-term liabilities 104,107 122,794
Total non-current liabilities ($137,817 and $329,219 related to VIEs) 1,306,565 1,486,442
Total liabilities 3,367,803 3,147,309
Commitments and contingencies (Note 10)
Redeemable noncontrolling interest (Note 1) 93,576 89,832
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 178,148 295,847
Accumulated other comprehensive loss (100,670) (73,388)
Retained earnings 4,143,654 3,796,730
Skechers U.S.A., Inc. equity 4,221,284 4,019,342
Noncontrolling interests (Note 1) 292,288 290,868
Total stockholders' equity 4,513,572 4,310,210
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY 7,974,951 7,547,351
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 132 133
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 20 $ 20