Skechers U.S.A. (SKX) Financials

$61.38 -0.02 (-0.02%)

Closing price 03:59 PM Eastern

Extended Trading

$61.64 +0.27 (+0.44%)

As of 07:55 PM Eastern

Annual Income Statements for Skechers U.S.A.

This table shows Skechers U.S.A.'s income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	232	243	179	301	347	99	742	373	546	639
Consolidated Net Income / (Loss)	261	285	235	371	427	146	816	429	650	730
Net Income / (Loss) Continuing Operations	261	285	235	371	427	146	816	429	650	730
Total Pre-Tax Income	333	359	384	432	516	155	570	522	801	878
Total Operating Income	351	371	383	438	518	134	598	547	785	904
Total Gross Profit	1,424	1,635	1,939	2,224	2,491	2,206	3,124	3,515	4,152	4,767
Total Revenue	3,147	3,563	4,164	4,642	5,220	4,613	6,310	7,445	8,000	8,969
Operating Revenue	3,147	3,563	4,164	4,642	5,220	4,613	6,310	7,445	8,000	8,969
Total Cost of Revenue	1,723	1,929	2,225	2,418	2,729	2,408	3,186	3,929	3,848	4,202
Operating Cost of Revenue	1,723	1,929	2,225	2,418	2,729	2,408	3,186	3,929	3,848	4,202
Total Operating Expenses	1,073	1,264	1,556	1,786	1,973	2,072	2,526	2,969	3,368	3,863
Selling, General & Admin Expense	849	1,021	1,245	1,456	1,625	1,721	2,027	2,385	2,691	3,063
Marketing Expense	236	257	327	350	370	351	500	584	677	801
Total Other Income / (Expense), net	-17	-11	1.38	-5.88	-2.44	21	-28	-24	16	-27
Other Income / (Expense), net	-7.32	-5.95	5.64	-10	-2.44	21	-28	-24	16	-27
Income Tax Expense	72	74	149	61	89	8.50	-246	93	151	148
Net Income / (Loss) Attributable to Noncontrolling Interest	29	42	56	70	81	48	74	56	104	90
Basic Earnings per Share	$1.52	$1.58	$1.15	$1.93	$2.26	$0.64	$4.77	$2.40	$3.53	$4.21
Weighted Average Basic Shares Outstanding	152.85M	154.17M	155.65M	155.82M	153.39M	154.18M	155.54M	155.63M	154.53M	151.84M
Diluted Earnings per Share	$1.50	$1.57	$1.14	$1.92	$2.25	$0.64	$4.73	$2.38	$3.49	$4.16
Weighted Average Diluted Shares Outstanding	154.20M	155.08M	156.52M	156.45M	154.15M	154.89M	156.79M	156.61M	156.26M	153.84M
Weighted Average Basic & Diluted Shares Outstanding	152.60M	154.10M	155.80M	156M	156.91M	157.75M	156.05M	155.28M	153.28M	149.35M

This table shows Skechers U.S.A.'s income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	86	76	160	153	145	87	207	140	193	99
Consolidated Net Income / (Loss)	94	93	190	182	166	112	240	165	209	115
Net Income / (Loss) Continuing Operations	94	93	190	182	166	112	240	165	209	115
Total Pre-Tax Income	115	102	234	221	206	141	297	205	245	131
Total Operating Income	130	87	224	218	213	130	299	207	233	166
Total Gross Profit	884	910	979	1,061	1,072	1,041	1,182	1,184	1,223	1,178
Total Revenue	1,878	1,879	2,002	2,013	2,025	1,961	2,252	2,158	2,348	2,212
Operating Revenue	1,878	1,879	2,002	2,013	2,025	1,961	2,252	2,158	2,348	2,212
Total Cost of Revenue	994	969	1,023	952	953	920	1,070	973	1,125	1,034
Operating Cost of Revenue	994	969	1,023	952	953	920	1,070	973	1,125	1,034
Total Operating Expenses	754	823	755	843	859	911	883	978	990	1,013
Selling, General & Admin Expense	603	665	626	656	680	728	726	742	778	816
Marketing Expense	151	158	129	187	178	183	157	236	211	197
Total Other Income / (Expense), net	-15	16	9.92	2.79	-7.06	10	-2.05	-1.65	12	-35
Other Income / (Expense), net	-15	16	9.92	2.79	-7.06	10	-2.05	-1.65	12	-35
Income Tax Expense	20	9.87	43	39	40	29	56	40	36	15
Net Income / (Loss) Attributable to Noncontrolling Interest	8.45	17	30	29	21	25	34	24	16	16
Basic Earnings per Share	$0.55	$0.49	$1.03	$0.99	$0.94	$0.57	$1.35	$0.92	$1.27	$0.67
Weighted Average Basic Shares Outstanding	155.42M	155.63M	155.14M	154.97M	154.53M	154.53M	152.92M	152.50M	151.83M	151.84M
Diluted Earnings per Share	$0.55	$0.48	$1.02	$0.98	$0.93	$0.56	$1.33	$0.91	$1.26	$0.66
Weighted Average Diluted Shares Outstanding	156.23M	156.61M	156.76M	156.57M	156.20M	156.26M	155.12M	154.18M	153.66M	153.84M
Weighted Average Basic & Diluted Shares Outstanding	155.10M	155.28M	154.73M	154.75M	153.98M	153.28M	152.52M	152.34M	150.97M	149.35M

This table details how cash moves in and out of Skechers U.S.A.'s business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	48	212	18	129	-47	546	-575	-181	574	-73
Net Cash From Operating Activities	232	362	159	569	427	331	212	238	1,231	687
Net Cash From Continuing Operating Activities	232	362	159	569	427	331	212	238	1,231	687
Net Income / (Loss) Continuing Operations	261	285	235	371	427	146	816	429	650	730
Consolidated Net Income / (Loss)	261	285	235	371	427	146	816	429	650	730
Depreciation Expense	52	66	97	110	112	143	140	154	182	211
Non-Cash Adjustments To Reconcile Net Income	26	50	37	77	96	88	125	95	98	166
Changes in Operating Assets and Liabilities, net	-109	-53	-210	11	-208	-46	-868	-440	301	-420
Net Cash From Investing Activities	-126	-146	-138	-319	-344	-312	-345	-287	-418	-485
Net Cash From Continuing Investing Activities	-126	-146	-138	-319	-344	-312	-345	-287	-418	-485
Purchase of Property, Plant & Equipment	-118	-119	-136	-143	-236	-310	-310	-359	-324	-417
Acquisitions	-0.06	-23	-	0.00	-101	-	0.00	0.00	-70	0.00
Purchase of Investments	-8.43	-3.81	-2.34	-446	-190	-167	-215	-71	-160	-197
Sale and/or Maturity of Investments	0.14	0.17	0.28	270	177	164	180	142	136	129
Net Cash From Financing Activities	-58	-3.52	-15	-120	-132	533	-434	-118	-235	-253
Net Cash From Continuing Financing Activities	-58	-3.52	-15	-120	-132	533	-434	-118	-235	-253
Repayment of Debt	-34	-16	-1.78	-2.47	-5.54	-89	-487	-95	-78	-108
Repurchase of Common Equity	-	-	-	-100	-113	0.00	-9.93	-74	-160	-330
Payment of Dividends	-39	-18	-26	-27	-39	-81	-42	-29	-18	-40
Issuance of Debt	0.76	6.09	7.67	19	33	703	94	93	40	265
Issuance of Common Equity	6.59	19	5.53	5.30	6.17	5.92	14	8.13	9.45	11
Other Financing Activities, net	8.01	4.68	-	-14	-14	-5.66	-3.08	-20	-28	-51
Effect of Exchange Rate Changes	-	-	-	-	2.13	-6.34	-8.11	-	-	-22
Cash Interest Paid	9.89	5.72	6.39	5.57	7.14	16	15	19	22	21
Cash Income Taxes Paid	63	65	57	93	89	56	125	114	147	176

This table details how cash moves in and out of Skechers U.S.A.'s business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-244	107	144	136	204	90	-169	260	74	-238
Net Cash From Operating Activities	-198	281	235	340	343	312	-38	532	-40	233
Net Cash From Continuing Operating Activities	-198	281	235	340	343	312	-38	532	-40	233
Net Income / (Loss) Continuing Operations	94	93	190	182	166	112	240	165	209	115
Consolidated Net Income / (Loss)	94	93	190	182	166	112	240	165	209	115
Depreciation Expense	39	43	41	44	46	50	49	50	54	58
Non-Cash Adjustments To Reconcile Net Income	28	12	14	36	28	19	38	32	43	53
Changes in Operating Assets and Liabilities, net	-358	134	-11	78	104	131	-366	285	-345	5.94
Net Cash From Investing Activities	-79	-95	-69	-154	-87	-109	-93	-148	-91	-154
Net Cash From Continuing Investing Activities	-79	-95	-69	-154	-87	-109	-93	-148	-91	-154
Purchase of Property, Plant & Equipment	-100	-95	-71	-76	-91	-85	-57	-112	-114	-133
Purchase of Investments	-11	-27	-38	-35	-36	-51	-65	-56	-24	-52
Sale and/or Maturity of Investments	32	28	40	28	40	27	30	21	47	31
Net Cash From Financing Activities	33	-69	-13	-50	-55	-116	-43	-120	191	-281
Net Cash From Continuing Financing Activities	33	-69	-13	-50	-55	-116	-43	-120	191	-281
Repayment of Debt	-0.63	-65	-3.88	-24	-20	-30	-0.90	-14	-0.14	-93
Repurchase of Common Equity	-25	-	-30	-30	-40	-60	-60	-60	-90	-120
Issuance of Debt	67	11	26	13	22	-20	46	6.21	281	-68
Issuance of Common Equity	-	3.30	0.00	5.40	-	4.04	0.00	6.82	-	4.20
Other Financing Activities, net	-0.11	-2.81	-4.50	-14	-0.26	-9.81	-28	-21	1.20	-3.82
Effect of Exchange Rate Changes	-0.01	-	-	-	-	-	-	-	-	-35
Cash Interest Paid	5.00	5.44	4.91	5.86	5.59	5.51	4.63	4.48	5.84	6.34
Cash Income Taxes Paid	23	41	26	41	24	56	28	66	47	35

This table presents Skechers U.S.A.'s assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	2,040	2,394	2,735	3,228	4,893	5,812	6,491	6,893	7,547	8,456
Total Current Assets	1,548	1,828	2,105	2,472	2,820	3,344	3,372	3,646	3,953	4,449
Cash & Equivalents	508	719	736	872	825	1,371	796	616	1,190	1,117
Short-Term Investments	-	-	-	100	112	101	99	102	73	118
Accounts Receivable	363	346	433	558	699	689	813	934	943	1,089
Inventories, net	620	701	873	863	1,070	1,017	1,471	1,818	1,525	1,919
Prepaid Expenses	57	63	63	79	114	167	194	176	222	206
Plant, Property, & Equipment, net	436	494	542	585	739	935	1,129	1,345	1,507	1,835
Total Noncurrent Assets	56	71	88	171	1,334	1,533	1,990	1,902	2,088	2,171
Long-Term Investments	-	-	17	94	95	108	146	70	124	147
Goodwill	-	-	-	-	71	93	93	93	101	94
Noncurrent Deferred & Refundable Income Taxes	18	26	30	39	49	64	451	454	451	440
Other Noncurrent Operating Assets	38	45	41	37	1,119	1,267	1,300	1,284	1,412	1,490
Total Liabilities & Shareholders' Equity	2,040	2,394	2,735	3,228	4,893	5,812	6,491	6,893	7,547	8,456
Total Liabilities	664	708	787	1,039	2,357	3,087	2,949	3,022	3,147	3,635
Total Current Liabilities	577	622	597	850	1,238	1,213	1,446	1,613	1,661	2,256
Short-Term Debt	16	7.87	9.81	8.89	72	56	78	123	58	386
Accounts Payable	474	520	505	680	765	744	876	957	1,008	1,242
Accrued Expenses	87	93	82	162	210	209	265	294	320	330
Other Current Liabilities	-	-	-	-	191	204	226	239	274	298
Total Noncurrent Liabilities	87	86	190	189	1,119	1,874	1,504	1,409	1,486	1,379
Long-Term Debt	69	67	71	88	49	679	263	216	243	68
Noncurrent Deferred & Payable Income Tax Liabilities	8.51	0.41	0.16	0.45	0.32	11	12	8.66	13	11
Other Noncurrent Operating Liabilities	9.68	19	118	100	103	118	134	1,184	1,231	1,299
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	-	90	90
Total Equity & Noncontrolling Interests	1,376	1,686	1,948	2,189	2,536	2,726	3,542	3,872	4,310	4,730
Total Preferred & Common Equity	1,328	1,604	1,829	2,035	2,315	2,481	3,259	3,570	4,019	4,277
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,328	1,604	1,829	2,035	2,315	2,481	3,259	3,570	4,019	4,277
Common Stock	386	419	454	375	307	372	430	404	296	12
Retained Earnings	968	1,211	1,390	1,691	2,038	2,136	2,878	3,251	3,797	4,436
Accumulated Other Comprehensive Income / (Loss)	-26	-27	-15	-31	-30	-27	-48	-85	-73	-171
Noncontrolling Interest	48	82	119	154	221	244	283	302	291	453

This table presents Skechers U.S.A.'s assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	6,679	7,044	7,108	7,239	7,567	7,975	8,646
Total Current Assets	3,582	3,710	3,670	3,768	3,930	4,254	4,699
Cash & Equivalents	508	760	897	1,100	1,020	1,280	1,354
Short-Term Investments	103	90	81	64	89	130	114
Accounts Receivable	1,009	1,136	1,010	995	1,235	1,105	1,285
Inventories, net	1,779	1,502	1,486	1,382	1,361	1,515	1,707
Prepaid Expenses	182	223	197	227	226	224	239
Plant, Property, & Equipment, net	1,290	1,378	1,417	1,466	1,519	1,587	1,783
Total Noncurrent Assets	1,807	1,957	2,021	2,005	2,118	2,133	2,165
Long-Term Investments	70	81	97	109	144	137	130
Goodwill	93	93	101	101	101	101	100
Noncurrent Deferred & Refundable Income Taxes	448	462	461	443	447	435	444
Other Noncurrent Operating Assets	1,195	1,321	1,362	1,353	1,426	1,459	1,491
Total Liabilities & Shareholders' Equity	6,679	7,044	7,108	7,239	7,567	7,975	8,646
Total Liabilities	2,930	2,998	2,916	2,935	3,014	3,368	3,734
Total Current Liabilities	1,577	1,540	1,477	1,494	1,643	2,061	2,397
Short-Term Debt	168	131	113	112	234	293	580
Accounts Payable	926	892	802	821	829	1,177	1,190
Accrued Expenses	262	269	300	296	302	305	331
Other Current Liabilities	221	247	262	265	278	287	296
Total Noncurrent Liabilities	1,353	1,459	1,439	1,441	1,371	1,307	1,337
Long-Term Debt	226	230	237	240	113	46	49
Noncurrent Deferred & Payable Income Tax Liabilities	12	8.72	20	20	12	12	11
Other Noncurrent Operating Liabilities	119	127	1,182	1,182	1,247	1,249	1,276
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	94	92
Total Equity & Noncontrolling Interests	3,749	4,046	4,191	4,304	4,554	4,514	4,821
Total Preferred & Common Equity	3,459	3,715	3,839	3,952	4,146	4,221	4,359
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,459	3,715	3,839	3,952	4,146	4,221	4,359
Common Stock	388	384	363	341	229	178	111
Retained Earnings	3,175	3,411	3,564	3,710	4,003	4,144	4,337
Accumulated Other Comprehensive Income / (Loss)	-104	-80	-88	-98	-86	-101	-88
Noncontrolling Interest	290	331	352	352	408	292	462

This table displays calculated financial ratios and metrics derived from Skechers U.S.A.'s official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	32.38%	13.22%	16.86%	11.48%	12.45%	-11.62%	36.78%	17.98%	7.47%	12.11%
EBITDA Growth	57.28%	11.73%	9.30%	10.77%	16.80%	-52.58%	138.40%	-4.70%	45.39%	10.83%
EBIT Growth	69.21%	6.13%	6.57%	10.06%	20.67%	-70.01%	268.23%	-8.34%	53.35%	9.60%
NOPAT Growth	65.16%	7.10%	-20.35%	60.65%	14.07%	-70.57%	577.81%	-47.54%	41.77%	18.02%
Net Income Growth	71.52%	9.31%	-17.61%	57.92%	15.08%	-65.78%	457.78%	-47.38%	51.44%	12.26%
EPS Growth	64.84%	4.67%	-27.39%	68.42%	17.19%	-71.56%	639.06%	-49.68%	46.64%	19.20%
Operating Cash Flow Growth	41.70%	55.73%	-55.94%	256.82%	-24.98%	-22.29%	-35.99%	12.34%	416.59%	-44.17%
Free Cash Flow Firm Growth	-7.79%	89.48%	-99.53%	44,523.10%	-318.45%	75.85%	40.25%	809.58%	-22.83%	-76.75%
Invested Capital Growth	21.21%	9.41%	22.39%	-4.31%	112.40%	13.65%	33.69%	-13.09%	-3.14%	17.45%
Revenue Q/Q Growth	5.11%	1.18%	5.21%	2.43%	-6.56%	15.70%	5.25%	3.09%	1.04%	2.88%
EBITDA Q/Q Growth	4.81%	-3.76%	8.17%	3.10%	3.66%	-9.47%	3.46%	3.33%	4.88%	-0.19%
EBIT Q/Q Growth	6.44%	-7.36%	9.03%	6.12%	3.99%	-19.47%	3.98%	3.50%	5.03%	-1.12%
NOPAT Q/Q Growth	4.65%	-6.89%	-23.30%	47.21%	-15.45%	159.18%	78.76%	-46.02%	3.96%	5.70%
Net Income Q/Q Growth	5.09%	-7.56%	-22.16%	47.09%	3.74%	-2.87%	73.09%	-43.48%	3.11%	0.45%
EPS Q/Q Growth	2.04%	-9.25%	-29.63%	60.00%	3.69%	-4.48%	87.70%	-46.64%	2.35%	2.46%
Operating Cash Flow Q/Q Growth	14.16%	14.44%	-45.84%	43.34%	-15.53%	146.83%	-59.80%	383.97%	2.61%	-10.40%
Free Cash Flow Firm Q/Q Growth	-18.29%	38.71%	-99.11%	63.97%	-47.62%	-144.22%	-187.49%	171.57%	-55.88%	14.80%
Invested Capital Q/Q Growth	4.02%	-3.88%	-0.41%	-4.15%	7.14%	50.79%	72.94%	-23.21%	-2.00%	-1.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.25%	45.87%	46.56%	47.90%	47.72%	47.81%	49.51%	47.22%	51.90%	53.15%
EBITDA Margin	12.62%	12.45%	11.65%	11.57%	12.02%	6.45%	11.24%	9.08%	12.28%	12.14%
Operating Margin	11.15%	10.40%	9.19%	9.43%	9.93%	2.90%	9.48%	7.34%	9.81%	10.08%
EBIT Margin	10.91%	10.23%	9.33%	9.21%	9.89%	3.35%	9.03%	7.02%	10.01%	9.79%
Profit (Net Income) Margin	8.29%	8.01%	5.65%	8.00%	8.18%	3.17%	12.93%	5.76%	8.12%	8.13%
Tax Burden Percent	78.28%	79.38%	61.18%	85.97%	82.80%	94.51%	143.15%	82.17%	81.15%	83.12%
Interest Burden Percent	97.09%	98.61%	98.90%	101.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.72%	20.62%	38.82%	14.03%	17.20%	5.49%	-43.15%	17.83%	18.85%	16.88%
Return on Invested Capital (ROIC)	31.60%	29.49%	20.22%	30.16%	22.52%	4.56%	24.88%	12.21%	18.91%	20.85%
ROIC Less NNEP Spread (ROIC-NNEP)	35.11%	31.14%	20.09%	30.78%	22.96%	18.99%	11.66%	87.64%	17.20%	23.05%
Return on Net Nonoperating Assets (RNNOA)	-10.80%	-10.85%	-7.28%	-12.21%	-4.44%	1.00%	1.15%	-0.63%	-3.19%	-5.03%
Return on Equity (ROE)	20.80%	18.64%	12.94%	17.95%	18.08%	5.56%	26.03%	11.58%	15.71%	15.83%
Cash Return on Invested Capital (CROIC)	12.42%	20.51%	0.08%	34.57%	-49.44%	-8.22%	-3.95%	26.21%	22.10%	4.80%
Operating Return on Assets (OROA)	18.49%	16.45%	15.15%	14.34%	12.71%	2.89%	9.26%	7.80%	11.09%	10.97%
Return on Assets (ROA)	14.05%	12.87%	9.17%	12.45%	10.52%	2.73%	13.26%	6.41%	9.00%	9.12%
Return on Common Equity (ROCE)	19.91%	17.85%	12.22%	16.76%	16.65%	5.07%	23.84%	10.67%	14.42%	14.24%
Return on Equity Simple (ROE_SIMPLE)	19.66%	17.79%	12.85%	18.24%	18.46%	5.89%	25.02%	12.02%	16.17%	17.06%
Net Operating Profit after Tax (NOPAT)	275	294	234	376	429	126	856	449	637	752
NOPAT Margin	8.73%	8.25%	5.63%	8.11%	8.22%	2.74%	13.57%	6.03%	7.96%	8.38%
Net Nonoperating Expense Percent (NNEP)	-3.51%	-1.64%	0.13%	-0.62%	-0.44%	-14.43%	13.22%	-75.44%	1.70%	-2.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	10.67%	13.81%	14.50%
Cost of Revenue to Revenue	54.75%	54.13%	53.44%	52.10%	52.28%	52.19%	50.49%	52.78%	48.10%	46.85%
SG&A Expenses to Revenue	26.99%	28.65%	29.91%	31.37%	31.14%	37.30%	32.12%	32.04%	33.63%	34.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	34.10%	35.47%	37.37%	38.47%	37.79%	44.91%	40.03%	39.88%	42.09%	43.07%
Earnings before Interest and Taxes (EBIT)	344	365	389	428	516	155	570	522	801	878
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	397	444	485	537	628	298	709	676	983	1,089
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.56	2.42	3.28	1.78	2.93	2.28	2.08	1.82	2.41	2.44
Price to Tangible Book Value (P/TBV)	3.56	2.42	3.28	1.78	3.02	2.37	2.14	1.87	2.47	2.50
Price to Revenue (P/Rev)	1.50	1.09	1.44	0.78	1.30	1.22	1.07	0.87	1.21	1.16
Price to Earnings (P/E)	20.35	15.94	33.46	12.02	19.54	57.30	9.12	17.44	17.74	16.33
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	4.91%	6.27%	2.99%	8.32%	5.12%	1.75%	10.96%	5.73%	5.64%	6.12%
Enterprise Value to Invested Capital (EV/IC)	4.56	3.19	4.27	2.30	2.72	2.08	1.89	1.86	2.71	2.58
Enterprise Value to Revenue (EV/Rev)	1.38	0.93	1.31	0.60	1.35	1.32	1.18	0.85	1.12	1.12
Enterprise Value to EBITDA (EV/EBITDA)	10.94	7.48	11.22	5.22	11.23	20.54	10.49	9.41	9.13	9.23
Enterprise Value to EBIT (EV/EBIT)	12.65	9.10	14.01	6.56	13.66	39.50	13.06	12.18	11.21	11.46
Enterprise Value to NOPAT (EV/NOPAT)	15.82	11.28	23.23	7.45	16.42	48.38	8.69	14.16	14.09	13.38
Enterprise Value to Operating Cash Flow (EV/OCF)	18.71	9.18	34.16	4.93	16.52	18.44	35.08	26.68	7.29	14.63
Enterprise Value to Free Cash Flow (EV/FCFF)	40.26	16.23	5,630.44	6.50	0.00	0.00	0.00	6.59	12.06	58.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.04	0.04	0.04	0.43	0.66	0.41	0.09	0.07	0.09
Long-Term Debt to Equity	0.05	0.04	0.04	0.04	0.40	0.64	0.38	0.06	0.06	0.01
Financial Leverage	-0.31	-0.35	-0.36	-0.40	-0.19	0.05	0.10	-0.01	-0.19	-0.22
Leverage Ratio	1.48	1.45	1.41	1.44	1.72	2.03	1.96	1.81	1.75	1.74
Compound Leverage Factor	1.44	1.43	1.40	1.46	1.72	2.03	1.96	1.81	1.75	1.74
Debt to Total Capital	5.80%	4.26%	3.99%	4.24%	30.01%	39.77%	28.85%	8.06%	6.41%	8.62%
Short-Term Debt to Total Capital	1.08%	0.45%	0.48%	0.39%	1.99%	1.23%	1.57%	2.92%	1.24%	7.33%
Long-Term Debt to Total Capital	4.72%	3.81%	3.50%	3.85%	28.02%	38.55%	27.28%	5.14%	5.17%	1.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.30%	4.65%	5.87%	6.75%	6.11%	5.40%	5.68%	7.16%	8.10%	10.29%
Common Equity to Total Capital	90.90%	91.09%	90.14%	89.01%	63.88%	54.83%	65.47%	84.78%	85.49%	81.08%
Debt to EBITDA	0.21	0.17	0.17	0.18	1.73	6.05	2.02	0.50	0.31	0.42
Net Debt to EBITDA	-1.07	-1.45	-1.39	-1.80	0.09	0.74	0.56	-0.66	-1.10	-0.85
Long-Term Debt to EBITDA	0.17	0.15	0.15	0.16	1.62	5.86	1.91	0.32	0.25	0.06
Debt to NOPAT	0.31	0.26	0.35	0.26	2.53	14.25	1.68	0.76	0.47	0.61
Net Debt to NOPAT	-1.54	-2.19	-2.87	-2.57	0.13	1.74	0.46	-1.00	-1.70	-1.23
Long-Term Debt to NOPAT	0.25	0.23	0.30	0.23	2.36	13.81	1.59	0.48	0.38	0.09
Altman Z-Score	7.60	6.59	7.94	5.30	4.11	2.93	3.61	3.64	4.32	4.17
Noncontrolling Interest Sharing Ratio	4.27%	4.25%	5.53%	6.61%	7.95%	8.85%	8.41%	7.88%	8.25%	10.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.68	2.94	3.52	2.91	2.28	2.76	2.33	2.26	2.38	1.97
Quick Ratio	1.51	1.71	1.96	1.80	1.32	1.78	1.18	1.02	1.33	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	108	205	0.97	431	-942	-228	-136	965	744	173
Operating Cash Flow to CapEx	196.55%	302.69%	117.18%	397.49%	185.00%	106.95%	68.51%	66.39%	380.32%	164.92%
Free Cash Flow to Firm to Interest Expense	10.06	32.62	0.14	73.77	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	21.65	57.68	23.86	97.24	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	10.63	38.62	3.50	72.78	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.69	1.61	1.62	1.56	1.29	0.86	1.03	1.11	1.11	1.12
Accounts Receivable Turnover	9.67	10.06	10.69	9.37	8.31	6.65	8.40	8.52	8.53	8.83
Inventory Turnover	3.21	2.92	2.83	2.79	2.82	2.31	2.56	2.39	2.30	2.44
Fixed Asset Turnover	7.78	7.66	8.04	8.24	7.88	5.51	6.11	6.02	5.61	5.37
Accounts Payable Turnover	4.17	3.88	4.34	4.08	3.78	3.19	3.93	4.29	3.92	3.74
Days Sales Outstanding (DSO)	37.76	36.29	34.14	38.94	43.94	54.92	43.44	42.83	42.81	41.34
Days Inventory Outstanding (DIO)	113.75	124.97	129.05	131.02	129.28	158.17	142.51	152.77	158.57	149.62
Days Payable Outstanding (DPO)	87.56	94.09	84.13	89.41	96.60	114.38	92.83	85.17	93.21	97.72
Cash Conversion Cycle (CCC)	63.95	67.17	79.07	80.55	76.63	98.71	93.12	110.42	108.17	93.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	952	1,042	1,275	1,220	2,592	2,946	3,938	3,422	3,315	3,894
Invested Capital Turnover	3.62	3.57	3.59	3.72	2.74	1.67	1.83	2.02	2.37	2.49
Increase / (Decrease) in Invested Capital	167	90	233	-55	1,372	354	992	-515	-108	579
Enterprise Value (EV)	4,345	3,319	5,443	2,803	7,048	6,112	7,442	6,359	8,976	10,057
Market Capitalization	4,720	3,881	5,997	3,618	6,770	5,648	6,764	6,506	9,680	10,441
Book Value per Share	$8.50	$10.16	$11.54	$12.88	$14.77	$15.79	$20.91	$23.02	$26.10	$28.33
Tangible Book Value per Share	$8.50	$10.16	$11.54	$12.88	$14.31	$15.19	$20.31	$22.41	$25.45	$27.71
Total Capital	1,460	1,761	2,029	2,286	3,623	4,526	4,978	4,211	4,701	5,275
Total Debt	85	75	81	97	1,087	1,800	1,436	339	301	455
Total Long-Term Debt	69	67	71	88	1,015	1,744	1,358	216	243	68
Net Debt	-423	-644	-673	-969	56	220	396	-449	-1,085	-927
Capital Expenditures (CapEx)	118	119	136	143	231	310	310	359	324	417
Debt-free, Cash-free Net Working Capital (DFCFNWC)	479	495	781	659	716	716	1,110	1,438	1,088	1,344
Debt-free Net Working Capital (DFNWC)	987	1,214	1,517	1,631	1,653	2,187	2,005	2,156	2,350	2,579
Net Working Capital (NWC)	971	1,206	1,508	1,622	1,581	2,132	1,927	2,033	2,292	2,193
Net Nonoperating Expense (NNE)	14	8.76	-0.84	5.06	2.02	-20	41	20	-13	22
Net Nonoperating Obligations (NNO)	-423	-644	-673	-969	56	220	396	-449	-1,085	-927
Total Depreciation and Amortization (D&A)	54	79	97	110	112	143	140	154	182	211
Debt-free, Cash-free Net Working Capital to Revenue	15.22%	13.90%	18.76%	14.19%	13.73%	15.51%	17.59%	19.32%	13.60%	14.99%
Debt-free Net Working Capital to Revenue	31.36%	34.07%	36.44%	35.13%	31.67%	47.41%	31.77%	28.96%	29.38%	28.76%
Net Working Capital to Revenue	30.86%	33.85%	36.21%	34.94%	30.29%	46.21%	30.53%	27.31%	28.65%	24.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.52	$1.58	$1.15	$1.93	$2.26	$0.64	$4.77	$2.40	$3.53	$4.21
Adjusted Weighted Average Basic Shares Outstanding	152.85M	154.17M	155.65M	155.82M	153.39M	154.18M	155.54M	155.63M	154.53M	151.84M
Adjusted Diluted Earnings per Share	$1.50	$1.57	$1.14	$1.92	$2.25	$0.64	$4.73	$2.38	$3.49	$4.16
Adjusted Weighted Average Diluted Shares Outstanding	154.20M	155.08M	156.52M	156.45M	154.15M	154.89M	156.79M	156.61M	156.26M	153.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	156.33M	158.32M	160.22M	157.44M	156.91M	157.75M	156.05M	155.28M	153.28M	149.35M
Normalized Net Operating Profit after Tax (NOPAT)	275	294	234	376	429	126	419	449	637	752
Normalized NOPAT Margin	8.73%	8.25%	5.63%	8.11%	8.22%	2.74%	6.64%	6.03%	7.96%	8.38%
Pre Tax Income Margin	10.60%	10.09%	9.23%	9.30%	9.89%	3.35%	9.03%	7.02%	10.01%	9.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	32.02	58.14	58.19	73.13	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	25.60	46.91	35.08	64.36	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	21.01	39.09	37.82	48.67	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	14.58	27.85	14.72	39.90	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	15.00%	6.22%	11.04%	7.27%	9.05%	55.47%	5.10%	6.83%	2.73%	5.47%
Augmented Payout Ratio	15.00%	6.22%	11.04%	34.20%	35.48%	55.47%	6.31%	24.13%	27.35%	50.71%

This table displays calculated financial ratios and metrics derived from Skechers U.S.A.'s official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	20.53%	13.50%	10.02%	7.75%	7.80%	4.37%	12.47%	7.21%	15.94%	12.82%
EBITDA Growth	-10.87%	17.62%	33.02%	55.21%	64.36%	31.44%	25.88%	-3.51%	18.52%	-1.11%
EBIT Growth	-16.91%	20.86%	37.23%	63.47%	79.50%	37.46%	27.09%	-7.09%	19.01%	-7.04%
NOPAT Growth	-13.54%	-83.14%	29.43%	47.78%	60.72%	32.62%	32.84%	-7.49%	16.06%	40.64%
Net Income Growth	-19.17%	-78.11%	39.74%	71.05%	75.89%	21.22%	26.33%	-9.39%	26.15%	2.92%
EPS Growth	-16.67%	-81.25%	32.47%	68.97%	69.09%	16.67%	30.39%	-7.14%	35.48%	17.86%
Operating Cash Flow Growth	-209.04%	784.34%	274.47%	17.50%	273.84%	11.14%	-115.99%	56.42%	-111.56%	-25.54%
Free Cash Flow Firm Growth	-935.86%	212.47%	94.96%	142.51%	160.10%	-64.40%	1,228.21%	-72.59%	-128.98%	-304.64%
Invested Capital Growth	95.74%	-13.09%	6.66%	-16.40%	-24.11%	-3.14%	-20.19%	-2.01%	16.56%	17.45%
Revenue Q/Q Growth	0.57%	0.02%	6.55%	0.53%	0.62%	-3.16%	14.82%	-4.17%	8.81%	-5.76%
EBITDA Q/Q Growth	-9.93%	-5.27%	89.09%	-3.79%	-4.62%	-24.24%	81.09%	-26.25%	17.15%	-36.79%
EBIT Q/Q Growth	-14.88%	-10.85%	128.10%	-5.56%	-6.53%	-31.73%	110.88%	-30.96%	19.74%	-46.68%
NOPAT Q/Q Growth	-11.99%	-26.68%	132.73%	-1.60%	-4.28%	-39.50%	133.13%	-31.48%	20.09%	-26.69%
Net Income Q/Q Growth	-11.14%	-1.94%	105.71%	-4.57%	-8.62%	-32.42%	114.37%	-31.56%	27.22%	-44.87%
EPS Q/Q Growth	-5.17%	-12.73%	112.50%	-3.92%	-5.10%	-39.78%	137.50%	-31.58%	38.46%	-47.62%
Operating Cash Flow Q/Q Growth	-168.24%	242.33%	-16.38%	44.67%	0.97%	-9.01%	-112.03%	1,514.77%	-107.46%	685.87%
Free Cash Flow Firm Q/Q Growth	-2.55%	128.64%	-117.38%	932.66%	44.99%	-83.04%	450.94%	-79.77%	-253.34%	-19.76%
Invested Capital Q/Q Growth	7.46%	-23.21%	33.53%	-24.12%	-2.44%	-2.00%	10.03%	-6.84%	16.05%	-1.26%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.06%	48.42%	48.88%	52.70%	52.94%	53.11%	52.48%	54.89%	52.10%	53.26%
EBITDA Margin	8.17%	7.74%	13.73%	13.14%	12.46%	9.75%	15.37%	11.83%	12.73%	8.54%
Operating Margin	6.92%	4.61%	11.17%	10.82%	10.53%	6.64%	13.27%	9.57%	9.94%	7.48%
EBIT Margin	6.11%	5.45%	11.66%	10.96%	10.18%	7.18%	13.18%	9.50%	10.45%	5.91%
Profit (Net Income) Margin	5.02%	4.92%	9.51%	9.02%	8.19%	5.72%	10.68%	7.63%	8.92%	5.22%
Tax Burden Percent	82.15%	90.36%	81.49%	82.34%	80.50%	79.68%	81.00%	80.30%	85.32%	88.22%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	17.85%	9.64%	18.51%	17.66%	19.50%	20.32%	19.00%	19.70%	14.68%	11.78%
Return on Invested Capital (ROIC)	12.19%	8.43%	15.68%	18.18%	17.12%	12.57%	21.58%	18.80%	20.19%	16.42%
ROIC Less NNEP Spread (ROIC-NNEP)	29.17%	-45.02%	17.09%	16.62%	22.45%	11.49%	22.45%	18.94%	19.12%	19.47%
Return on Net Nonoperating Assets (RNNOA)	-0.62%	0.32%	2.53%	-0.62%	-0.59%	-2.13%	-1.00%	-4.16%	-3.92%	-4.25%
Return on Equity (ROE)	11.57%	8.75%	18.21%	17.56%	16.52%	10.44%	20.59%	14.64%	16.27%	12.18%
Cash Return on Invested Capital (CROIC)	-40.03%	26.21%	4.63%	32.25%	43.04%	22.10%	39.41%	21.93%	4.12%	4.80%
Operating Return on Assets (OROA)	7.02%	6.06%	13.09%	12.36%	11.58%	7.95%	14.88%	10.57%	11.47%	6.63%
Return on Assets (ROA)	5.77%	5.48%	10.67%	10.17%	9.32%	6.34%	12.06%	8.49%	9.79%	5.85%
Return on Common Equity (ROCE)	10.59%	8.06%	16.72%	16.11%	15.21%	9.58%	18.82%	13.41%	14.67%	10.96%
Return on Equity Simple (ROE_SIMPLE)	21.95%	0.00%	13.01%	14.55%	15.95%	0.00%	16.88%	16.18%	16.66%	0.00%
Net Operating Profit after Tax (NOPAT)	107	78	182	179	172	104	242	166	199	146
NOPAT Margin	5.68%	4.17%	9.10%	8.91%	8.47%	5.29%	10.75%	7.69%	8.48%	6.60%
Net Nonoperating Expense Percent (NNEP)	-16.97%	53.45%	-1.42%	1.56%	-5.33%	1.08%	-0.87%	-0.14%	1.07%	-3.04%
Return On Investment Capital (ROIC_SIMPLE)	-	1.86%	-	-	-	2.25%	-	-	-	2.82%
Cost of Revenue to Revenue	52.94%	51.58%	51.12%	47.30%	47.06%	46.89%	47.52%	45.11%	47.90%	46.74%
SG&A Expenses to Revenue	32.11%	35.40%	31.29%	32.58%	33.60%	37.13%	32.26%	34.39%	33.16%	36.87%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.14%	43.81%	37.71%	41.88%	42.41%	46.46%	39.21%	45.32%	42.15%	45.78%
Earnings before Interest and Taxes (EBIT)	115	102	234	221	206	141	297	205	245	131
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	153	145	275	264	252	191	346	255	299	189
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.43	1.82	1.99	2.13	1.92	2.41	2.29	2.54	2.38	2.44
Price to Tangible Book Value (P/TBV)	1.47	1.87	2.04	2.19	1.97	2.47	2.35	2.61	2.44	2.50
Price to Revenue (P/Rev)	0.68	0.87	0.97	1.05	0.96	1.21	1.15	1.28	1.19	1.16
Price to Earnings (P/E)	7.06	17.44	17.90	17.23	14.23	17.74	16.07	18.52	16.56	16.33
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	14.17%	5.73%	5.59%	5.80%	7.03%	5.64%	6.22%	5.40%	6.04%	6.12%
Enterprise Value to Invested Capital (EV/IC)	1.33	1.86	1.80	2.25	2.08	2.71	2.47	2.92	2.53	2.58
Enterprise Value to Revenue (EV/Rev)	0.82	0.85	1.08	1.00	0.89	1.12	1.09	1.18	1.14	1.12
Enterprise Value to EBITDA (EV/EBITDA)	9.08	9.41	11.06	9.31	7.50	9.13	8.55	9.49	9.14	9.23
Enterprise Value to EBIT (EV/EBIT)	11.77	12.18	14.06	11.63	9.22	11.21	10.43	11.68	11.24	11.46
Enterprise Value to NOPAT (EV/NOPAT)	7.14	14.16	16.79	14.25	11.48	14.09	12.94	14.50	14.03	13.38
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	26.68	13.54	11.85	5.86	7.29	9.40	8.61	13.00	14.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	6.59	40.15	6.36	4.17	12.06	5.57	13.16	66.16	58.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.37	0.09	0.36	0.08	0.08	0.07	0.08	0.07	0.13	0.09
Long-Term Debt to Equity	0.33	0.06	0.33	0.06	0.06	0.06	0.02	0.01	0.01	0.01
Financial Leverage	-0.02	-0.01	0.15	-0.04	-0.03	-0.19	-0.04	-0.22	-0.21	-0.22
Leverage Ratio	1.83	1.81	1.76	1.74	1.73	1.75	1.70	1.71	1.72	1.74
Compound Leverage Factor	1.83	1.81	1.76	1.74	1.73	1.75	1.70	1.71	1.72	1.74
Debt to Total Capital	27.05%	8.06%	26.43%	7.70%	7.55%	6.41%	7.07%	6.85%	11.35%	8.62%
Short-Term Debt to Total Capital	3.27%	2.92%	2.38%	2.49%	2.40%	1.24%	4.77%	5.92%	10.46%	7.33%
Long-Term Debt to Total Capital	23.78%	5.14%	24.05%	5.21%	5.15%	5.17%	2.30%	0.92%	0.89%	1.30%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	5.65%	7.16%	6.03%	7.75%	7.56%	8.10%	8.32%	7.80%	9.99%	10.29%
Common Equity to Total Capital	67.31%	84.78%	67.54%	84.54%	84.89%	85.49%	84.61%	85.35%	78.66%	81.08%
Debt to EBITDA	2.12	0.50	1.95	0.42	0.38	0.31	0.33	0.32	0.58	0.42
Net Debt to EBITDA	1.08	-0.66	0.70	-0.86	-0.98	-1.10	-0.86	-1.16	-0.89	-0.85
Long-Term Debt to EBITDA	1.87	0.32	1.78	0.28	0.26	0.25	0.11	0.04	0.05	0.06
Debt to NOPAT	1.67	0.76	2.96	0.64	0.57	0.47	0.50	0.50	0.88	0.61
Net Debt to NOPAT	0.85	-1.00	1.07	-1.32	-1.50	-1.70	-1.30	-1.77	-1.36	-1.23
Long-Term Debt to NOPAT	1.47	0.48	2.70	0.43	0.39	0.38	0.16	0.07	0.07	0.09
Altman Z-Score	3.18	3.44	3.72	3.95	3.84	4.04	4.22	4.11	3.79	3.88
Noncontrolling Interest Sharing Ratio	8.44%	7.88%	8.16%	8.27%	7.98%	8.25%	8.59%	8.39%	9.83%	10.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.27	2.26	2.41	2.48	2.52	2.38	2.39	2.06	1.96	1.97
Quick Ratio	1.03	1.02	1.29	1.34	1.45	1.33	1.43	1.22	1.15	1.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-2,073	594	-103	859	1,246	211	1,165	236	-361	-433
Operating Cash Flow to CapEx	-197.31%	294.84%	330.16%	446.31%	376.21%	367.58%	-65.87%	473.13%	-34.87%	174.47%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.15	1.11	1.12	1.13	1.14	1.11	1.13	1.11	1.10	1.12
Accounts Receivable Turnover	7.81	8.52	6.88	7.84	7.90	8.53	6.96	7.94	7.65	8.83
Inventory Turnover	2.53	2.39	2.68	2.58	2.47	2.30	2.72	2.61	2.65	2.44
Fixed Asset Turnover	6.08	6.02	5.95	5.88	5.75	5.61	5.70	5.59	5.37	5.37
Accounts Payable Turnover	4.30	4.29	4.64	4.44	4.46	3.92	4.53	3.96	4.07	3.74
Days Sales Outstanding (DSO)	46.73	42.83	53.08	46.53	46.18	42.81	52.44	45.97	47.73	41.34
Days Inventory Outstanding (DIO)	144.27	152.77	136.13	141.31	148.03	158.57	134.16	139.84	137.92	149.62
Days Payable Outstanding (DPO)	84.94	85.17	78.60	82.22	81.79	93.21	80.64	92.23	89.79	97.72
Cash Conversion Cycle (CCC)	106.06	110.42	110.61	105.62	112.42	108.17	105.96	93.58	95.86	93.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	4,457	3,422	4,570	3,468	3,383	3,315	3,647	3,398	3,943	3,894
Invested Capital Turnover	2.14	2.02	1.72	2.04	2.02	2.37	2.01	2.45	2.38	2.49
Increase / (Decrease) in Invested Capital	2,180	-515	285	-680	-1,074	-108	-922	-70	560	579
Enterprise Value (EV)	5,938	6,359	8,234	7,805	7,032	8,976	9,014	9,910	9,976	10,057
Market Capitalization	4,940	6,506	7,379	8,177	7,601	9,680	9,513	10,733	10,392	10,441
Book Value per Share	$22.21	$23.02	$23.92	$24.81	$25.54	$26.10	$27.05	$27.68	$28.61	$28.33
Tangible Book Value per Share	$21.61	$22.41	$23.32	$24.16	$24.88	$25.45	$26.39	$27.01	$27.96	$27.71
Total Capital	5,139	4,211	5,500	4,541	4,656	4,701	4,900	4,946	5,541	5,275
Total Debt	1,390	339	1,454	350	351	301	346	339	629	455
Total Long-Term Debt	1,222	216	1,323	237	240	243	113	46	49	68
Net Debt	708	-449	524	-724	-922	-1,085	-906	-1,209	-969	-927
Capital Expenditures (CapEx)	100	95	71	76	91	85	57	112	114	133
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,562	1,438	1,452	1,328	1,222	1,088	1,413	1,075	1,414	1,344
Debt-free Net Working Capital (DFNWC)	2,173	2,156	2,301	2,305	2,386	2,350	2,522	2,486	2,881	2,579
Net Working Capital (NWC)	2,005	2,033	2,170	2,192	2,274	2,292	2,288	2,193	2,302	2,193
Net Nonoperating Expense (NNE)	12	-14	-8.09	-2.30	5.68	-8.31	1.66	1.33	-10	31
Net Nonoperating Obligations (NNO)	708	-449	524	-724	-922	-1,085	-906	-1,209	-969	-927
Total Depreciation and Amortization (D&A)	39	43	41	44	46	50	49	50	54	58
Debt-free, Cash-free Net Working Capital to Revenue	21.63%	19.32%	19.03%	17.09%	15.43%	13.60%	17.12%	12.81%	16.21%	14.99%
Debt-free Net Working Capital to Revenue	30.09%	28.96%	30.17%	29.66%	30.13%	29.38%	30.57%	29.61%	33.05%	28.76%
Net Working Capital to Revenue	27.77%	27.31%	28.46%	28.21%	28.72%	28.65%	27.73%	26.12%	26.40%	24.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.55	$0.49	$1.03	$0.99	$0.94	$0.57	$1.35	$0.92	$1.27	$0.67
Adjusted Weighted Average Basic Shares Outstanding	155.42M	155.63M	155.14M	154.97M	154.53M	154.53M	152.92M	152.50M	151.83M	151.84M
Adjusted Diluted Earnings per Share	$0.55	$0.48	$1.02	$0.98	$0.93	$0.56	$1.33	$0.91	$1.26	$0.66
Adjusted Weighted Average Diluted Shares Outstanding	156.23M	156.61M	156.76M	156.57M	156.20M	156.26M	155.12M	154.18M	153.66M	153.84M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	155.10M	155.28M	154.73M	154.75M	153.98M	153.28M	152.52M	152.34M	150.97M	149.35M
Normalized Net Operating Profit after Tax (NOPAT)	107	78	182	179	172	104	242	166	199	146
Normalized NOPAT Margin	5.68%	4.17%	9.10%	8.91%	8.47%	5.29%	10.75%	7.69%	8.48%	6.60%
Pre Tax Income Margin	6.11%	5.45%	11.66%	10.96%	10.18%	7.18%	13.18%	9.50%	10.45%	5.91%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	6.22%	6.83%	5.26%	4.55%	5.28%	2.73%	2.48%	8.20%	5.52%	5.47%
Augmented Payout Ratio	16.00%	24.13%	21.66%	19.77%	21.15%	27.35%	30.49%	41.30%	43.53%	50.71%

Frequently Asked Questions About Skechers U.S.A.'s Financials

When does Skechers U.S.A.'s financial year end?

According to the most recent income statement we have on file, Skechers U.S.A.'s fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Skechers U.S.A.'s net income changed over the last 9 years?

Skechers U.S.A.'s net income appears to be on an upward trend, with a most recent value of $729.61 million in 2024, rising from $261.05 million in 2015. The previous period was $649.92 million in 2023. View Skechers U.S.A.'s forecast to see where analysts expect Skechers U.S.A. to go next.

What is Skechers U.S.A.'s operating income?

Skechers U.S.A.'s total operating income in 2024 was $904.26 million, based on the following breakdown:

Total Gross Profit: $4.77 billion
Total Operating Expenses: $3.86 billion

How has Skechers U.S.A. revenue changed over the last 9 years?

Over the last 9 years, Skechers U.S.A.'s total revenue changed from $3.15 billion in 2015 to $8.97 billion in 2024, a change of 185.0%.

How much debt does Skechers U.S.A. have?

Skechers U.S.A.'s total liabilities were at $3.64 billion at the end of 2024, a 15.5% increase from 2023, and a 447.4% increase since 2015.

How much cash does Skechers U.S.A. have?

In the past 9 years, Skechers U.S.A.'s cash and equivalents has ranged from $507.99 million in 2015 to $1.37 billion in 2020, and is currently $1.12 billion as of their latest financial filing in 2024.

How has Skechers U.S.A.'s book value per share changed over the last 9 years?

Over the last 9 years, Skechers U.S.A.'s book value per share changed from 8.50 in 2015 to 28.33 in 2024, a change of 233.5%.

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This page (NYSE:SKX) was last updated on 5/6/2025 by MarketBeat.com Staff

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Skechers U.S.A. (SKX) Financials

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Skechers U.S.A. (SKX) Financials

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