Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Balance Sheets

v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,116,516 $ 1,189,910
Short-term investments 118,470 72,595
Trade accounts receivable, less allowances of $66,616 and $57,867 990,558 860,300
Other receivables 98,499 82,253
Inventory 1,919,386 1,525,409
Prepaid expenses and other 205,994 222,137
Total current assets ($1,413,643 and $1,252,372 related to VIEs) 4,449,423 3,952,604
Property, plant and equipment, net 1,834,930 1,506,690
Operating lease right-of-use assets 1,363,596 1,276,171
Deferred tax assets 440,358 450,574
Long-term investments 146,687 123,996
Goodwill 94,494 101,230
Other assets, net 126,270 136,086
Total non-current assets ($861,175 and $641,879 related to VIEs) 4,006,335 3,594,747
TOTAL ASSETS 8,455,758 7,547,351
Current liabilities    
Accounts payable 1,241,838 1,008,001
Accrued expenses 330,251 320,105
Operating lease liabilities 297,926 274,296
Current installments of long-term borrowings 353,131 46,571
Short-term borrowings 33,338 11,894
Total current liabilities ($846,986 and $600,337 related to VIEs) 2,256,484 1,660,867
Long-term operating lease liabilities 1,176,290 1,108,110
Long-term borrowings 68,450 242,944
Deferred tax liabilities 11,148 12,594
Other long-term liabilities 123,122 122,794
Total non-current liabilities ($170,341 and $329,219 related to VIEs) 1,379,010 1,486,442
Total liabilities 3,635,494 3,147,309
Commitments and contingencies (Note 7) 0 0
Redeemable noncontrolling interest (Note 1) 90,099 89,832
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 12,170 295,847
Accumulated other comprehensive loss (171,221) (73,388)
Retained earnings 4,436,201 3,796,730
Skechers U.S.A., Inc. equity 4,277,299 4,019,342
Noncontrolling interests (Note 1) 452,866 290,868
Total stockholders' equity 4,730,165 4,310,210
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY 8,455,758 7,547,351
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 130 133
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 19 $ 20