Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Dec. 31, 2010
Current Assets:    
Cash and cash equivalents $ 351,144 $ 233,558
Trade accounts receivable, less allowances of $20423 in 2011 and $19,697 in 2010 176,018 266,057
Other receivables 6,636 9,650
Total receivables 182,654 275,707
Inventories 226,407 398,588
Prepaid expenses and other current assets 88,005 53,791
Deferred tax assets 39,141 11,720
Total current assets 887,351 973,364
Property, plant and equipment, at cost, less accumulated depreciation and amortization 376,446 293,802
Goodwill and other intangible assets, less accumulated amortization 4,148 7,367
Deferred tax assets 530 12,323
Other assets, at cost 13,413 17,938
TOTAL ASSETS 1,281,888 1,304,794
Current Liabilities:    
Current installments of long-term borrowings 10,059 11,984
Short-term borrowings 50,413 18,346
Accounts payable 231,000 246,595
Accrued expenses 16,994 30,385
Total current liabilities 308,466 307,310
Long-term borrowings, excluding current installments 76,531 51,650
Deferred tax liabilities 4,364 0
Total liabilities 389,361 358,960
Commitments and contingencies      
Stockholders' equity:    
Preferred Stock, $.001 par value; 10,000 authorized; none issued and outstanding 0 0
Additional paid-in capital 320,877 303,877
Accumulated other comprehensive income (loss) (894) 4,265
Retained earnings 532,529 600,013
Skechers U.S.A., Inc. equity 852,561 908,203
Noncontrolling interests 39,966 37,631
Total equity 892,527 945,834
TOTAL LIABILITIES AND EQUITY 1,281,888 1,304,794
Class A
    
Stockholders' equity:    
Common Stock 38 37
Total equity 38 37
Class B
    
Stockholders' equity:    
Common Stock 11 11
Total equity $ 11 $ 11