Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.24.3
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Sales $ 2,347,705 $ 2,024,958 $ 6,756,935 $ 6,039,402
Cost of sales 1,124,659 953,040 3,167,818 2,928,381
Gross profit 1,223,046 1,071,918 3,589,117 3,111,021
Operating expenses        
Selling 211,162 178,286 603,534 493,964
General and administrative 778,460 680,449 2,246,830 1,962,564
Total operating expenses 989,622 858,735 2,850,364 2,456,528
Earnings from operations 233,424 213,183 738,753 654,493
Other income (expense) 11,891 (7,055) 8,189 5,660
Earnings before income taxes 245,315 206,128 746,942 660,153
Income tax expense 36,006 40,202 132,731 122,360
Net earnings 209,309 165,926 614,211 537,793
Less: Net earnings attributable to noncontrolling interests and redeemable noncontrolling interest (Note 1) 16,088 20,511 74,066 79,176
Net earnings attributable to Skechers U.S.A., Inc. $ 193,221 $ 145,415 $ 540,145 $ 458,617
Net earnings per share attributable to Skechers U.S.A., Inc.        
Basic $ 1.27 $ 0.94 $ 3.54 $ 2.96
Diluted $ 1.26 $ 0.93 $ 3.5 $ 2.93
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.        
Basic 151,831 154,525 152,409 154,876
Diluted 153,662 156,200 154,412 156,496