Skechers U.S.A., Inc. (SKX) financial statements (2022 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)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,472937972736719508467
Cash and cash equivalents1,371825872736719508467
Short-term investments101112100    
Receivables689699558433346363289
Prepaid expense4649101113
Deferred tax assets✕✕    26
Other undisclosed current assets1,1801,177938927753689490
Total current assets:3,3442,8202,4722,1051,8281,5701,285
Noncurrent Assets
Operating lease, right-of-use asset1,1721,074✕✕✕✕✕
Property, plant and equipment935739585542494436373
Long-term investments and receivables1089594    
Long-term investments1089594    
Intangible assets, net (including goodwill)93     2
Goodwill93     2
Intangible assets, net (excluding goodwill)      0
Deferred income tax assets64 ✕✕✕✕✕
Other noncurrent assets951173759454113
Deferred tax assets, net✕✕    12
Other undisclosed noncurrent assets 49393026 (10)
Total noncurrent assets:2,4682,073756630566477390
TOTAL ASSETS:5,8124,8933,2282,7352,3942,0471,675
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities953975841588614561430
Accounts payable744765680505520474353
Accrued liabilities20921016282938750
Employee-related liabilities      27
Debt56263910816103
Other undisclosed current liabilities204     (27)
Total current liabilities:1,2131,238850597622577506
Noncurrent Liabilities
Long-term debt and lease obligation1,7441,0158871676915
Long-term debt, excluding current maturities679498871676915
Operating lease, liability1,065966✕✕✕✕✕
Liabilities, other than long-term debt130103101118192620
Deferred tax liabilities, net✕✕000  
Deferred income tax liabilities11 ✕✕✕✕✕
Other liabilities118103100118192620
Other undisclosed noncurrent liabilities 0     
Total noncurrent liabilities:1,8741,119189190869535
Total liabilities:3,0872,3571,039787708672541
Stockholders' equity
Stockholders' equity attributable to parent, including:2,4812,3152,0351,8291,6041,3281,075
Additional paid in capital372307375453419386356
Accumulated other comprehensive loss(27)(30)(31)(15)(27)(26)(16)
Retained earnings2,1362,0381,6911,3901,211968736
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest244221154119824859
Total stockholders' equity:2,7262,5362,1891,9481,6861,3761,134
TOTAL LIABILITIES AND EQUITY:5,8124,8933,2282,7352,3942,0471,675

Income statement (P&L) ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,5975,2204,6424,1643,5633,1473,602
Revenue, net✕✕✕4,1643,5633,1472,387
Other operating income      1,081
Cost of revenue
(Cost of Goods and Services Sold)		(2,408)(2,729)(2,418)(2,225)(1,929)(1,723)(1,306)
Other undisclosed gross profit      (1,225)
Gross profit:2,1902,4912,2241,9391,6351,4241,072
Operating expenses(2,072)(1,995)(1,806)(1,573)(1,278)(1,085)(872)
Other undisclosed operating income1622211714129
Operating income:134518438383371351209
Nonoperating income (expense)21(2)(6)1(11)(17)(18)
Investment income, nonoperating612102111
Foreign currency transaction loss, before tax      (5)
Other nonoperating income (expense)31(7)(10)6(6)(7)(1)
Interest and debt expense(16)(8)(6)(7)(6)(11)(12)
Income from continuing operations before equity method investments, income taxes:138508426378353323179
Other undisclosed income from continuing operations before income taxes1686761112
Income from continuing operations before income taxes:155516432384359333191
Income tax expense(9)(89)(61)(149)(74)(72)(39)
Net income:146427371235285261152
Net loss attributable to noncontrolling interest(48)(81)(70)(56)(42)(29)(13)
Net income available to common stockholders, diluted:99347301179243232139

Comprehensive Income ($ in millions)
Annual | Quarterly

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:146427371235285261152
Other undisclosed comprehensive income (loss)121(25)19(5)(13)(8)
Comprehensive income:158429346254281248144
Comprehensive loss, net of tax, attributable to noncontrolling interest(56)(80)(62)(63)(37)(26)(13)
Comprehensive income, net of tax, attributable to parent:101348284191243222131

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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