Skechers U.S.A., Inc. (SKX) financial statements (2020 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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments937972736719508467372
Cash and cash equivalents825872736719508467372
Short-term investments112100     
Receivables699558433346363289237
Prepaid expense6491011136
Deferred tax assets    2628
Other undisclosed current assets1,177938927753689490373
Total current assets:2,8202,4722,1051,8281,5701,2851,015
Noncurrent Assets
Operating lease, right-of-use asset1,074
Property, plant and equipment739585542494436373362
Long-term investments and receivables9594     
Long-term investments9594     
Intangible assets, net (including goodwill)     22
Goodwill     22
Intangible assets, net (excluding goodwill)     01
Other noncurrent assets117375945411320
Deferred tax assets, net    12 
Other undisclosed noncurrent assets49393026 (10)10
Total noncurrent assets:2,073756630566477390394
TOTAL ASSETS:4,8933,2282,7352,3942,0471,6751,409
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities975841588614561430298
Accounts payable765680505520474353258
Accrued liabilities2101628293875040
Employee-related liabilities     27 
Debt26391081610312
Other undisclosed current liabilities     (27) 
Total current liabilities:1,238850597622577506310
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,0158871676915116
Long-term debt, excluding current maturities498871676915 
Operating lease, liability966
Other undisclosed long-term debt and lease obligation      116
Liabilities, other than long-term debt1031011181926202
Deferred tax liabilities, net000   
Other liabilities1031001181926202
Other undisclosed noncurrent liabilities0      
Total noncurrent liabilities:1,119189190869535118
Total liabilities:2,3571,039787708672541429
Stockholders' equity
Stockholders' equity attributable to parent, including:2,3152,0351,8291,6041,3281,075930
Additional paid in capital307375453419386356342
Accumulated other comprehensive loss(30)(31)(15)(27)(26)(16)(9)
Retained earnings2,0381,6911,3901,211968736597
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest22115411982485950
Total stockholders' equity:2,5362,1891,9481,6861,3761,134980
TOTAL LIABILITIES AND EQUITY:4,8933,2282,7352,3942,0471,6751,409

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,2204,6424,1643,5633,1473,6021,854
Revenue, net4,1643,5633,1472,3871,854
Other operating income     1,081827
Cost of revenue
(Cost of Goods and Services Sold)
(2,729)(2,418)(2,225)(1,929)(1,723)(1,306)(1,028)
Other undisclosed gross profit     (1,225)(8)
Gross profit:2,4912,2241,9391,6351,4241,072819
Operating expenses(1,995)(1,806)(1,573)(1,278)(1,085)(872)(733)
Other undisclosed operating income222117141298
Operating income:51843838337135120994
Nonoperating income (expense)(2)(6)1(11)(17)(18)(11)
Investment income, nonoperating121021111
Foreign currency transaction loss, before tax     (5)(1)
Other nonoperating income (expense)(7)(10)6(6)(7)(1) 
Interest and debt expense(8)(6)(7)(6)(11)(12)(12)
Income from continuing operations before equity method investments, income taxes:50842637835332317970
Other undisclosed income from continuing operations before income taxes8676111212
Income from continuing operations before income taxes:51643238435933319182
Income tax expense(89)(61)(149)(74)(72)(39)(21)
Net income:42737123528526115261
Net loss attributable to noncontrolling interest(81)(70)(56)(42)(29)(13)(6)
Net income available to common stockholders, diluted:34730117924323213955

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:42737123528526115261
Other undisclosed comprehensive income (loss)1(25)19(5)(13)(8)(6)
Comprehensive income:42934625428124814455
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(80)(62)(63)(37)(26)(13)6
Other undisclosed comprehensive loss, net of tax, attributable to parent      (12)
Comprehensive income, net of tax, attributable to parent:34828419124322213148

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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