Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,158,766 $ 824,876
Short-term investments 130,658 112,037
Trade accounts receivable, less allowances of $27,790 in 2020 and $24,106 in 2019 796,195 645,303
Other receivables 63,685 53,932
Total receivables 859,880 699,235
Inventories 985,659 1,069,863
Prepaid expenses and other current assets 95,444 113,580
Total current assets 3,230,407 2,819,591
Property, plant and equipment, net 787,980 738,925
Operating lease right-of-use assets 1,067,228 1,073,660
Deferred tax assets 48,858 49,088
Long-term investments 77,338 94,589
Goodwill 93,497 71,412
Other assets, net 89,712 45,678
Total non-current assets 2,164,613 2,073,352
TOTAL ASSETS 5,395,020 4,892,943
Current liabilities:    
Current installments of long-term borrowings 16,926 66,234
Short-term borrowings 13,701 5,789
Accounts payable 624,677 764,844
Operating lease liabilities 189,394 191,129
Accrued expenses 198,292 210,235
Total current liabilities 1,042,990 1,238,231
Long-term borrowings, excluding current installments 669,152 49,183
Long-term operating lease liabilities 977,327 966,011
Deferred tax liabilities 12,948 322
Other long-term liabilities 104,138 103,089
Total non-current liabilities 1,763,565 1,118,605
Total liabilities 2,806,555 2,356,836
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding
Additional paid-in capital 313,451 306,669
Accumulated other comprehensive loss (52,819) (29,993)
Retained earnings 2,086,937 2,037,836
Skechers U.S.A., Inc. equity 2,347,722 2,314,665
Non-controlling interests 240,743 221,442
Total stockholders' equity 2,588,465 2,536,107
TOTAL LIABILITIES AND EQUITY 5,395,020 4,892,943
Class A Common Stock [Member]    
Stockholders’ equity:    
Common Stock 131 131
Class B Common Stock [Member]    
Stockholders’ equity:    
Common Stock $ 22 $ 22