Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.21.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 952,076 $ 1,370,826
Short-term investments 90,577 100,767
Trade accounts receivable, less allowances of $64,567 and $48,562 758,713 619,800
Other receivables 81,362 69,222
Total receivables 840,075 689,022
Inventory 1,230,349 1,016,774
Prepaid expenses and other current assets 189,598 166,962
Total current assets ($1,011,742 and $862,954 related to VIEs) 3,302,675 3,344,351
Property, plant and equipment, net 1,087,183 935,441
Operating lease right-of-use assets 1,130,279 1,171,521
Deferred tax assets 70,353 63,884
Long-term investments 139,052 108,412
Goodwill 93,497 93,497
Other assets, net 78,536 95,263
Total non-current assets ($693,242 and $682,068 related to VIEs) 2,598,900 2,468,018
TOTAL ASSETS 5,901,575 5,812,369
Current liabilities    
Accounts payable 846,101 744,077
Operating lease liabilities 214,192 204,370
Accrued expenses 232,599 208,712
Current installments of long-term borrowings 43,742 52,250
Short-term borrowings 320 3,297
Total current liabilities ($553,079 and $526,466 related to VIEs) 1,336,954 1,212,706
Long-term borrowings, excluding current installments 282,760 679,415
Long-term operating lease liabilities 1,010,499 1,065,069
Deferred tax liabilities 9,850 11,439
Other long-term liabilities 129,518 118,077
Total non-current liabilities ($395,520 and $365,235 related to VIEs) 1,432,627 1,874,000
Total liabilities 2,769,581 3,086,706
Commitments and contingencies (Note 10) 0 0
Stockholders’ equity    
Preferred Stock, $0.001 par value; 10,000 shares authorized; none issued and outstanding 0 0
Additional paid-in capital 410,376 372,165
Accumulated other comprehensive loss (44,510) (27,285)
Retained earnings 2,475,481 2,136,400
Skechers U.S.A., Inc. equity 2,841,503 2,481,435
Noncontrolling interests 290,491 244,228
Total stockholders' equity 3,131,994 2,725,663
TOTAL LIABILITIES AND EQUITY 5,901,575 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