Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 1,091,355 $ 1,370,826
Short-term investments 107,626 100,767
Trade accounts receivable, less allowances of $50,912 and $48,562 778,216 619,800
Other receivables 66,298 69,222
Total receivables 844,514 689,022
Inventory 1,057,284 1,016,774
Prepaid expenses and other current assets 145,256 166,962
Total current assets ($963,352 and $862,954 related to VIEs) 3,246,035 3,344,351
Property, plant and equipment, net 1,026,777 935,441
Operating lease right-of-use assets 1,134,145 1,171,521
Deferred tax assets 61,276 63,884
Long-term investments 122,542 108,412
Goodwill 93,497 93,497
Other assets, net 80,459 95,263
Total non-current assets ($687,307 and $682,068 related to VIEs) 2,518,696 2,468,018
TOTAL ASSETS 5,764,731 5,812,369
Current liabilities    
Accounts payable 831,910 744,077
Operating lease liabilities 214,271 204,370
Accrued expenses 248,996 208,712
Current installments of long-term borrowings 42,547 52,250
Short-term borrowings 575 3,297
Total current liabilities ($532,980 and $526,466 related to VIEs) 1,338,299 1,212,706
Long-term borrowings, excluding current installments 268,913 679,415
Long-term operating lease liabilities 1,015,754 1,065,069
Deferred tax liabilities 10,421 11,439
Other long-term liabilities 117,240 118,077
Total non-current liabilities ($383,826 and $365,235 related to VIEs) 1,412,328 1,874,000
Total liabilities 2,750,627 3,086,706
Commitments and contingencies (Note 10)
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 395,951 372,165
Accumulated other comprehensive loss (34,990) (27,285)
Retained earnings 2,372,342 2,136,400
Skechers U.S.A., Inc. equity 2,733,459 2,481,435
Noncontrolling interests 280,645 244,228
Total stockholders' equity 3,014,104 2,725,663
TOTAL LIABILITIES AND EQUITY 5,764,731 5,812,369
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 135 134
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 21 $ 21