Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Earnings

v3.23.3
Condensed Consolidated Statements of Earnings - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Sales $ 2,024,958 $ 1,878,367 $ 6,039,402 $ 5,565,765
Cost of sales 953,040 994,432 2,928,381 2,960,088
Gross profit 1,071,918 883,935 3,111,021 2,605,677
Operating expenses        
Selling 178,286 150,857 493,964 425,675
General and administrative 680,449 603,107 1,962,564 1,719,969
Total operating expenses 858,735 753,964 2,456,528 2,145,644
Earnings from operations 213,183 129,971 654,493 460,033
Other income (expense) (7,055) (15,139) 5,660 (40,144)
Earnings before income taxes 206,128 114,832 660,153 419,889
Income tax expense 40,202 20,498 122,360 83,229
Net earnings 165,926 94,334 537,793 336,660
Less: Net earnings attributable to noncontrolling interests 20,511 8,448 79,176 39,147
Net earnings attributable to Skechers U.S.A., Inc. $ 145,415 $ 85,886 $ 458,617 $ 297,513
Net earnings per share attributable to Skechers U.S.A., Inc.        
Basic $ 0.94 $ 0.55 $ 2.96 $ 1.91
Diluted $ 0.93 $ 0.55 $ 2.93 $ 1.9
Weighted-average shares used in calculating net earnings per share attributable to Skechers U.S.A., Inc.        
Basic 154,525 155,420 154,876 155,783
Diluted 156,200 156,233 156,496 156,714