Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.22.2
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Income Statement [Abstract]        
Sales $ 1,867,804 $ 1,661,871 $ 3,687,398 $ 3,096,326
Cost of sales 970,225 808,279 1,965,656 1,557,075
Gross profit 897,579 853,592 1,721,742 1,539,251
Operating expenses        
Selling 166,609 141,470 274,818 232,795
General and administrative 576,812 510,912 1,116,862 947,578
Total operating expenses 743,421 652,382 1,391,680 1,180,373
Earnings from operations 154,158 201,210 330,062 358,878
Other income (expense) (19,259) 2,158 (25,005) (12,016)
Earnings before income taxes 134,899 203,368 305,057 346,862
Income tax expense 28,739 41,545 62,731 70,530
Net earnings 106,160 161,823 242,326 276,332
Less: Net earnings attributable to noncontrolling interests 15,756 24,454 30,699 40,390
Net earnings attributable to Skechers U.S.A., Inc. $ 90,404 $ 137,369 $ 211,627 $ 235,942
Net earnings per share attributable to Skechers U.S.A., Inc.        
Basic $ 0.58 $ 0.88 $ 1.36 $ 1.52
Diluted $ 0.58 $ 0.88 $ 1.35 $ 1.51
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.        
Basic 155,941 155,561 155,969 155,196
Diluted 156,748 156,674 157,074 156,321