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    Skechers USA Inc (SKX)

    Financials

    Updated May 2, 2025, 9:34 PM UTC
    Income Statement - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Sales (USD, thousands)1,960,940.008,000,3422,251,5872,157,643.002,347,705.002,212,416.008,969,3512,411,571
    Cost of sales (USD, thousands)919,557.003,847,9381,069,953973,206.001,124,659.001,034,094.004,201,9121,157,197
    Gross profit (USD, thousands)1,041,383.004,152,4041,181,6341,184,437.001,223,046.001,178,322.004,767,4391,254,374
    Selling Expenses (USD, thousands)182,926.00676,890156,501235,870.00211,163.00197,100.00800,634185,073
    General and administrative expenses (USD, thousands)728,164.002,690,728726,335742,036.00778,459.00815,718.003,062,548804,176
    Total operating expenses (USD, thousands)911,090.003,367,618882,836977,906.00989,622.001,012,818.003,863,182989,249
    Earnings from operations (USD, thousands)130,293.00784,786298,798206,531.00233,424.00165,504.00904,257265,125
    Other (expense) income (USD, thousands)10,426.0016,086(2,050)(1,652.00)11,891.00(34,697.00)(26,508)24,530
    Earnings before income taxes (USD, thousands)140,719.00800,872296,748204,879.00245,315.00130,807.00877,749289,655
    Income tax expense (USD, thousands)28,589.00150,94956,37040,355.0036,006.0015,405.00148,13664,583
    Net earnings (USD, thousands)112,130.00649,923240,378164,524.00209,309.00115,402.00729,613225,072
    Net earnings attributable to noncontrolling interests and redeemable noncontrolling interest (USD, thousands)24,948.00104,12433,75624,222.0016,088.0016,076.0090,14222,636
    Net earnings attributable to Skechers U.S.A., Inc. (USD, thousands)87,182.00545,799206,622140,302.00193,221.0099,326.00639,471202,436
    Balance Sheet - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, thousands)1,189,9101,189,9101,020,4581,280,4301,354,0541,116,5161,116,516993,091
    Short-term investments (USD, thousands)72,59572,59588,564130,111113,795118,470118,470107,614
    Trade accounts receivable, net (USD, thousands)860,300860,3001,158,3841,027,2311,187,033990,558990,5581,259,943
    Other receivables (USD, thousands)82,25382,25376,63277,92198,27298,49998,499103,603
    Inventory (USD, thousands)1,525,4091,525,4091,360,6301,514,5121,706,8421,919,3861,919,3861,773,799
    Prepaid expenses and other (USD, thousands)222,137222,137225,726223,819238,512205,994205,994231,803
    Total current assets (USD, thousands)3,952,6043,952,6043,930,3944,254,0244,698,5084,449,4234,449,4234,469,853
    Property, plant and equipment, net (USD, thousands)1,506,6901,506,6901,519,4631,587,4331,782,6061,834,9301,834,9301,937,601
    Operating lease right-of-use assets (USD, thousands)1,276,1711,276,1711,298,3491,327,7951,354,8111,363,5961,363,5961,447,743
    Deferred tax assets (USD, thousands)450,574450,574447,085435,404443,571440,358440,358436,702
    Long-term investments (USD, thousands)123,996123,996143,503137,379130,470146,687146,687137,446
    Goodwill (USD, thousands)101,230101,230101,230101,23099,77494,49494,49496,347
    Other assets, net (USD, thousands)136,086136,086127,416131,686136,301126,270126,270127,823
    Total non-current assets (USD, thousands)3,594,7473,594,7473,637,0463,720,9273,947,5334,006,3354,006,3354,183,662
    Total assets (USD, thousands)7,547,3517,547,3517,567,4407,974,9518,646,0418,455,7588,455,7588,653,515
    Accounts payable (USD, thousands)1,008,0011,008,001828,8241,176,6681,190,1941,241,8381,241,838977,367
    Accrued expenses (USD, thousands)320,105320,105302,213305,144331,335330,251330,251314,479
    Operating lease liabilities, current (USD, thousands)274,296274,296277,733286,535295,591297,926297,926309,339
    Current installments of long-term borrowings (USD, thousands)46,57146,571233,756292,891371,438353,131353,131333,325
    Short-term borrowings (USD, thousands)11,89411,894--208,09833,33833,338168,478
    Total current liabilities (USD, thousands)1,660,8671,660,8671,642,5262,061,2382,396,6562,256,4842,256,4842,102,988
    Long-term operating lease liabilities (USD, thousands)1,108,1101,108,1101,122,1571,145,0901,169,4881,176,2901,176,2901,253,313
    Long-term borrowings (USD, thousands)242,944242,944112,53645,70249,35168,45068,45082,431
    Deferred tax liabilities (USD, thousands)12,59412,59412,16711,66611,17711,14811,14810,744
    Other long-term liabilities (USD, thousands)122,794122,794124,363104,107106,855123,122123,122124,425
    Total non-current liabilities (USD, thousands)1,486,4421,486,4421,371,2231,306,5651,336,8711,379,0101,379,0101,470,913
    Total liabilities (USD, thousands)3,147,3093,147,3093,013,7493,367,8033,733,5273,635,4943,635,4943,573,901
    Redeemable noncontrolling interest (USD, thousands)---93,57691,97990,09990,09992,882
    Class A Common Stock, par value (USD, thousands)133133132132132130130130
    Class B Common Stock, par value (USD, thousands)2020202019191919
    Additional paid-in capital (USD, thousands)295,847295,847228,594178,148110,35012,17012,17019,969
    Accumulated other comprehensive loss (USD, thousands)(73,388)(73,388)(86,020)(100,670)(88,366)(171,221)(171,221)(146,564)
    Retained earnings (USD, thousands)3,796,7303,796,7304,003,3524,143,6544,336,8754,436,2014,436,2014,638,637
    Skechers U.S.A., Inc. equity (USD, thousands)4,019,3424,019,3424,146,0784,221,2844,359,0104,277,2994,277,2994,512,191
    Noncontrolling interests (USD, thousands)380,700380,700407,613292,288461,525452,866452,866474,541
    Total stockholders' equity (USD, thousands)4,400,0424,400,0424,553,6914,513,5724,820,5354,730,1654,730,1654,986,732
    TOTAL LIABILITIES, REDEEMABLE NONCONTROLLING INTEREST AND STOCKHOLDERS' EQUITY (USD, thousands)$ 7,547,351$ 7,547,351-7,974,9518,646,0418,455,7588,455,7588,653,515
    Cash Flow - MetricQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net earnings (USD, thousands)112,130.00649,923240,378164,524.00209,309.00115,402.00729,613225,072
    Depreciation and amortization (USD, thousands)50,390.00181,92549,32550,336.0053,662.0058,176.00211,49957,062
    Provision for credit losses and returns (USD, thousands)9,257.0048,53912,7492,049.0025,736.0013,313.0053,8472,122
    Stock compensation (USD, thousands)18,013.0067,96020,69323,471.0021,026.0021,475.0086,66524,458
    Net foreign currency adjustments (USD, thousands)(7,850.00)(18,492)4,9296,458.00(3,993.00)18,368.0025,762(16,333)
    Net cash provided by operating activities (USD, thousands)312,477.001,231,164(37,606)532,038.00(39,714.00)232,672.00687,390(105,636)
    Capital expenditures (USD, thousands)(85,010.00)(323,722)(57,087)(112,450.00)(113,898.00)(133,359.00)(416,794)(147,101)
    Purchases of investments (USD, thousands)(51,405.00)(160,233)(65,065)(56,090.00)(24,216.00)(52,046.00)(197,417)(41,744)
    Proceeds from sales and maturities of investments (USD, thousands)27,396.00136,30629,58920,667.0047,441.0031,154.00128,85161,840
    Net cash used in investing activities (USD, thousands)(109,019.00)(418,019)(92,563)(147,873.00)(90,673.00)(154,251.00)(485,360)(127,005)
    Repayments on long-term borrowings (USD, thousands)(30,184.00)(78,256)(904)(13,904.00)(141.00)(115,331.00)(130,280)(75,714)
    Proceeds from long-term borrowings (USD, thousands)3,415.0048,10057,6796,206.0073,221.00128,065.00265,17168,688
    Net proceeds from (repayments on) short-term borrowings (USD, thousands)(23,284.00)(7,741)(11,894)0.00207,953.00(174,177.00)21,882134,856
    Net payments related to equity awards (USD, thousands)--(27,927)(20,722.00)1,202.00(3,821.00)(51,268)(16,659)
    Repurchases of common stock (USD, thousands)(60,023.00)(160,064)(60,020)(60,018.00)(90,027.00)(120,038.00)(330,103)0
    Distributions to noncontrolling interests (USD, thousands)(214.00)(17,719)(400)(38,637.00)(850.00)0.00(39,887)0
    Net cash used in financing activities (USD, thousands)(116,057.00)(234,677)(43,466)(120,252.00)191,358.00(281,100.00)(253,460)111,171
    Effect of exchange rates on cash and cash equivalents (USD, thousands)2,108.00(4,291)4,183(3,941.00)12,653.00(34,859.00)(21,964)(1,955)
    Net change in cash and cash equivalents (USD, thousands)89,509.00574,177(169,452)259,972.0073,624.00(237,538.00)(73,394)(123,425)
    Interest paid (USD, thousands)5,510.0021,8714,6304,478.005,843.006,339.0021,2906,478
    Income taxes paid, net (USD, thousands)55,998.00147,09528,29565,541.0046,771.0035,222.00175,82935,313
    Right-of-use assets exchanged for lease liabilities (USD, thousands)122,127.00343,438105,285118,315.0091,314.00119,232.00434,146160,765
    Deferred income taxes (USD, thousands)(2,370)(2,370)3,64813,3785,2995,0815,0812,904
    Receivables (USD, thousands)(3,416)(3,416)(322,773)(219,915)(372,193)(248,557)(248,557)(239,241)
    Inventory (USD, thousands)324,193324,193147,535(15,097)(178,452)(441,700)(441,700)157,951
    Other assets (USD, thousands)(98,041)(98,041)(37,635)(88,499)(111,871)(140,391)(140,391)(92,446)
    Accounts payable (USD, thousands)41,56541,565(162,862)192,337174,325260,509260,509(273,100)
    Other liabilities (USD, thousands)39,37839,3786,40737,31656,958145,062145,06245,915
    Cash and cash equivalents at beginning of the period (USD, thousands)615,733615,7331,189,9101,189,9101,189,9101,189,9101,189,9101,116,516
    Cash and cash equivalents at end of the period (USD, thousands)1,189,9101,189,9101,020,4581,280,4301,354,0541,116,5161,116,516993,091
    Revenue by Segment - in Millions of USDQ1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Wholesale962.64,504.81,421.71,132.11,416.01,130.75,100.51,532.208
    - Gross Profit648.122,305.6545.6-----
    - Gross Margin (%)-13366.065.7-----
    Direct-to-Consumer998.343,495.6829.91,025.5931.71,081.83,868.9879.363
    Total Revenue1,960.948,000.32,251.62,157.62,347.72,212.58,969.42,411.571
    KPIs - Metric (Unit, Scale)Q1 2014Q2 2014Q3 2014FY 2014Q1 2015Q2 2015Q3 2015FY 2015Q1 2016Q2 2016Q3 2016FY 2016Q1 2017Q2 2017Q3 2017FY 2017Q1 2018Q2 2018Q3 2018FY 2018Q1 2019Q2 2019Q3 2019FY 2019Q1 2020Q2 2020Q3 2020FY 2020Q1 2021Q2 2021Q3 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Number of units sold for Wholesale segment (percentage)--8.79.96.421.2-13.7-
    Average selling price per unit for Wholesale segment (percentage)-6.30.0-0.8-0.5--0.4-
    Number of units sold for Direct-to-Consumer segment (percentage)-19.615.510.210.7-11.2-
    Average selling price per unit for Direct-to-Consumer segment (percentage)-4.01.6-1.0-1.0--0.5-