Skechers U.S.A., Inc. (SKX) financial statements (2023 and earlier)

Company profile

Business Address 228 MANHATTAN BEACH BLVD
MANHATTAN BEACH, CA 90266
State of Incorp. DE
Fiscal Year End December 31
SIC 314 - Footwear, Except Rubber (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments8951,472937972736719508
Cash and cash equivalents7961,371825872736719508
Short-term investments99101112100   
Receivables813689699558433346363
Prepaid expense1046491011
Other undisclosed current assets1,6551,1801,177938927753689
Total current assets:3,3723,3442,8202,4722,1051,8281,570
Noncurrent Assets
Operating lease, right-of-use asset1,2251,1721,074
Property, plant and equipment1,129935739585542494436
Long-term investments and receivables1461089594   
Long-term investments1461089594   
Intangible assets, net (including goodwill)9393     
Goodwill9393     
Deferred income tax assets45164 
Other noncurrent assets759511737594541
Other undisclosed noncurrent assets  49393026 
Total noncurrent assets:3,1192,4682,073756630566477
TOTAL ASSETS:6,4915,8124,8933,2282,7352,3942,047
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities1,142953975841588614561
Accounts payable876744765680505520474
Accrued liabilities265209210162829387
Debt7856263910816
Other undisclosed current liabilities226204     
Total current liabilities:1,4461,2131,238850597622577
Noncurrent Liabilities
Long-term debt and lease obligation1,3581,7441,01588716769
Long-term debt, excluding current maturities2636794988716769
Operating lease, liability1,0951,065966
Liabilities, other than long-term debt1451301031011181926
Deferred tax liabilities, net000 
Deferred income tax liabilities1211 
Other liabilities1341181031001181926
Other undisclosed noncurrent liabilities  0    
Total noncurrent liabilities:1,5041,8741,1191891908695
Total liabilities:2,9493,0872,3571,039787708672
Stockholders' equity
Stockholders' equity attributable to parent, including:3,2592,4812,3152,0351,8291,6041,328
Additional paid in capital430372307375453419386
Accumulated other comprehensive loss(48)(27)(30)(31)(15)(27)(26)
Retained earnings2,8782,1362,0381,6911,3901,211968
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest2832442211541198248
Total stockholders' equity:3,5422,7262,5362,1891,9481,6861,376
TOTAL LIABILITIES AND EQUITY:6,4915,8124,8933,2282,7352,3942,047

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6,2854,5975,2204,6424,1643,5633,147
Revenue, net4,1643,5633,147
Cost of revenue
(Cost of Goods and Services Sold)
(3,186)(2,408)(2,729)(2,418)(2,225)(1,929)(1,723)
Gross profit:3,0992,1902,4912,2241,9391,6351,424
Operating expenses(2,526)(2,072)(1,995)(1,806)(1,573)(1,278)(1,085)
Other undisclosed operating income25162221171412
Operating income:598134518438383371351
Nonoperating income (expense)(28)21(2)(6)1(11)(17)
Investment income, nonoperating 61210211
Other nonoperating income (expense)(28)31(7)(10)6(6)(7)
Interest and debt expense(15)(16)(8)(6)(7)(6)(11)
Income from continuing operations before equity method investments, income taxes:555138508426378353323
Other undisclosed income from continuing operations before income taxes1516867611
Income from continuing operations before income taxes:570155516432384359333
Income tax expense (benefit)246(9)(89)(61)(149)(74)(72)
Net income:816146427371235285261
Net loss attributable to noncontrolling interest(74)(48)(81)(70)(56)(42)(29)
Net income available to common stockholders, diluted:74299347301179243232

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:816146427371235285261
Other undisclosed comprehensive income (loss)(22)121(25)19(5)(13)
Comprehensive income:793158429346254281248
Comprehensive loss, net of tax, attributable to noncontrolling interest(73)(56)(80)(62)(63)(37)(26)
Comprehensive income, net of tax, attributable to parent:720101348284191243222

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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