Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,354,054 $ 1,189,910
Short-term investments 113,795 72,595
Trade accounts receivable, less allowances of $64,810 and $57,867 1,187,033 860,300
Other receivables 98,272 82,253
Inventory 1,706,842 1,525,409
Prepaid expenses and other 238,512 222,137
Total current assets ($1,448,448 and $1,252,372 related to VIEs) 4,698,508 3,952,604
Property, plant and equipment, net 1,782,606 1,506,690
Operating lease right-of-use assets 1,354,811 1,276,171
Deferred tax assets 443,571 450,574
Long-term investments 130,470 123,996
Goodwill 99,774 101,230
Other assets, net 136,301 136,086
Total non-current assets ($817,173 and $641,879 related to VIEs) 3,947,533 3,594,747
TOTAL ASSETS 8,646,041 7,547,351
Current liabilities    
Accounts payable 1,190,194 1,008,001
Accrued expenses 331,335 320,105
Operating lease liabilities 295,591 274,296
Current installments of long-term borrowings 371,438 46,571
Short-term borrowings 208,098 11,894
Total current liabilities ($868,123 and $600,337 related to VIEs) 2,396,656 1,660,867
Long-term operating lease liabilities 1,169,488 1,108,110
Long-term borrowings 49,351 242,944
Deferred tax liabilities 11,177 12,594
Other long-term liabilities 106,855 122,794
Total non-current liabilities ($143,424 and $329,219 related to VIEs) 1,336,871 1,486,442
Total liabilities 3,733,527 3,147,309
Commitments and contingencies (Note 10)
Redeemable noncontrolling interest (Note 1) 91,979 89,832
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 110,350 295,847
Accumulated other comprehensive loss (88,366) (73,388)
Retained earnings 4,336,875 3,796,730
Skechers U.S.A., Inc. equity 4,359,010 4,019,342
Noncontrolling interests (Note 1) 461,525 290,868
Total stockholders' equity 4,820,535 4,310,210
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY 8,646,041 7,547,351
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 132 133
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 19 $ 20