Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.20.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,352,120 $ 824,876
Short-term investments 105,677 112,037
Trade accounts receivable, less allowances of $37,710 in 2020 and $24,106 in 2019 478,011 645,303
Other receivables 68,104 53,932
Total receivables 546,115 699,235
Inventories 1,027,735 1,069,863
Prepaid expenses and other current assets 105,141 113,580
Total current assets 3,136,788 2,819,591
Property, plant and equipment, net 833,103 738,925
Operating lease right-of-use assets 1,102,885 1,073,660
Deferred tax assets 49,198 49,088
Long-term investments 98,236 94,589
Goodwill 93,497 71,412
Other assets, net 94,339 45,678
Total non-current assets 2,271,258 2,073,352
TOTAL ASSETS 5,408,046 4,892,943
Current liabilities:    
Current installments of long-term borrowings 69,359 66,234
Short-term borrowings 13,870 5,789
Accounts payable 621,142 764,844
Operating lease liabilities 194,508 191,129
Accrued expenses 177,907 210,235
Total current liabilities 1,076,786 1,238,231
Long-term borrowings, excluding current installments 680,109 49,183
Long-term operating lease liabilities 1,099,798 966,011
Deferred tax liabilities 12,435 322
Other long-term liabilities 101,774 103,089
Total non-current liabilities 1,894,116 1,118,605
Total liabilities 2,970,902 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 329,958 306,669
Accumulated other comprehensive loss (124,238) (29,993)
Retained earnings 2,018,840 2,037,836
Skechers U.S.A., Inc. equity 2,224,715 2,314,665
Non-controlling interests 212,429 221,442
Total stockholders' equity 2,437,144 2,536,107
TOTAL LIABILITIES AND EQUITY 5,408,046 4,892,943
Class A Common Stock [Member]    
Stockholders’ equity:    
Common Stock 133 131
Class B Common Stock [Member]    
Stockholders’ equity:    
Common Stock $ 22 $ 22