Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 1,020,458 $ 1,189,910
Short-term investments 88,564 72,595
Trade accounts receivable, less allowances of $57,021 and $57,867 1,158,384 860,300
Other receivables 76,632 82,253
Inventory 1,360,630 1,525,409
Prepaid expenses and other 225,726 222,137
Total current assets ($1,273,167 and $1,252,372 related to VIEs) 3,930,394 3,952,604
Property, plant and equipment, net 1,519,463 1,506,690
Operating lease right-of-use assets 1,298,349 1,276,171
Deferred tax assets 447,085 450,574
Long-term investments 143,503 123,996
Goodwill 101,230 101,230
Other assets, net 127,416 136,086
Total non-current assets ($642,570 and $641,879 related to VIEs) 3,637,046 3,594,747
TOTAL ASSETS 7,567,440 7,547,351
Current liabilities    
Accounts payable 828,824 1,008,001
Accrued expenses 302,213 320,105
Operating lease liabilities 277,733 274,296
Current installments of long-term borrowings 233,756 46,571
Short-term borrowings 0 11,894
Total current liabilities ($690,370 and $600,337 related to VIEs) 1,642,526 1,660,867
Long-term operating lease liabilities 1,122,157 1,108,110
Long-term borrowings 112,536 242,944
Deferred tax liabilities 12,167 12,594
Other long-term liabilities 124,363 122,794
Total non-current liabilities ($201,013 and $329,219 related to VIEs) 1,371,223 1,486,442
Total liabilities 3,013,749 3,147,309
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 228,594 295,847
Accumulated other comprehensive loss (86,020) (73,388)
Retained earnings 4,003,352 3,796,730
Skechers U.S.A., Inc. equity 4,146,078 4,019,342
Noncontrolling interests 407,613 380,700
Total stockholders' equity 4,553,691 4,400,042
TOTAL LIABILITIES AND EQUITY 7,567,440 7,547,351
Class A Common Stock [Member]    
Stockholders’ equity    
Common Stock 132 133
Class B Common Stock [Member]    
Stockholders’ equity    
Common Stock $ 20 $ 20