Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 993,091 $ 1,116,516
Short-term investments 107,614 118,470
Trade accounts receivable, less allowances of $60,678 and $66,616 1,259,943 990,558
Other receivables 103,603 98,499
Inventory 1,773,799 1,919,386
Prepaid expenses and other 231,803 205,994
Total current assets ($1,375,615 and $1,413,643 related to VIEs) 4,469,853 4,449,423
Property, plant and equipment, net 1,937,601 1,834,930
Operating lease right-of-use assets 1,447,743 1,363,596
Deferred tax assets 436,702 440,358
Long-term investments 137,446 146,687
Goodwill 96,347 94,494
Other assets, net 127,823 126,270
Total non-current assets ($910,031 and $861,175 related to VIEs) 4,183,662 4,006,335
TOTAL ASSETS 8,653,515 8,455,758
Current liabilities    
Accounts payable 977,367 1,241,838
Accrued expenses 314,479 330,251
Operating lease liabilities 309,339 297,926
Current installments of long-term borrowings 333,325 353,131
Short-term borrowings 168,478 33,338
Total current liabilities ($777,147 and $846,986 related to VIEs) 2,102,988 2,256,484
Long-term operating lease liabilities 1,253,313 1,176,290
Long-term borrowings 82,431 68,450
Deferred tax liabilities 10,744 11,148
Other long-term liabilities 124,425 123,122
Total non-current liabilities ($179,242 and $170,341 related to VIEs) 1,470,913 1,379,010
Total liabilities 3,573,901 3,635,494
Commitments and contingencies (Note 10)
Redeemable noncontrolling interest (Note 1) 92,882 90,099
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 19,969 12,170
Accumulated other comprehensive loss (146,564) (171,221)
Retained earnings 4,638,637 4,436,201
Skechers U.S.A., Inc. equity 4,512,191 4,277,299
Noncontrolling interests (Note 1) 474,541 452,866
Total stockholders' equity 4,986,732 4,730,165
TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY 8,653,515 8,455,758
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 130 130
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 19 $ 19