Skechers usa inc (SKX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net earnings

427,252

371,273

235,104

285,359

261,047

152,196

60,868

10,512

-67,580

136,148

54,699

Adjustment to reconcile net earnings to net cash from operating activities:
Depreciation and amortization

111,515

109,680

96,510

66,083

52,433

47,557

42,397

41,542

33,652

24,707

19,694

Noncontrolling interests in subsidiaries

-

-

-

-

-

-

-

-

-

257

-3,817

Amortization of deferred financing costs

-

-

-

-

-

-

1,201

1,195

1,128

1,482

741

Amortization of other assets

-

-

-

13,099

1,214

1,948

912

906

1,580

1,683

935

Provision for bad debts and returns

52,456

35,730

18,398

30,820

7,520

14,153

2,868

1,112

5,882

6,212

3,249

Share based compensation

41,076

30,468

28,902

23,081

18,296

8,684

2,388

11,527

14,320

13,739

5,736

Deferred income taxes

-7,568

-9,767

-3,947

-11,936

-4,844

22,411

11,583

-7,538

-7,863

-5,170

1,954

Other items, net

-334

-550

2,187

-

-

-

-

-

-

-

-

Inventory write-down

-

-

-

-

-

-

-

-

9,971

0

0

Gain (loss) on non-current assets

-

-

-

-413

-656

-837

-

-216

9,632

-36

18

Net foreign currency adjustments

-2,114

-10,072

7,749

3,949

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

78

640

0

81

Other

-

-

-

-

-

-

-447

-

-

-

-

Impairment of property, plant and equipment

-

-

-

-

-

-

-

-

1,481

0

761

Impairment of intangible assets

-

-

-

-

-

-

-

-

1,649

0

0

(Increase) decrease in assets:
Receivables

118,390

136,188

102,222

10,350

100,032

70,695

21,279

36,989

-86,114

50,040

46,562

Inventories

171,903

7,212

158,628

58,152

176,062

100,162

22,589

111,813

-160,241

172,417

-39,362

Prepaid expenses and other current assets

-

-

-

15,343

2,082

31,788

-1,205

-60,266

38,247

21,402

-2,812

Other assets

69,234

30,069

18,061

5,056

6,423

-4,548

3,239

4,955

-3,291

7,571

1,023

Increase (decrease) in liabilities:
Accounts payable

154,464

174,352

-12,806

38,247

130,075

98,686

17,596

9,958

-18,074

32,829

28,136

Other liabilities

4,436

19,663

86,023

9,306

50,416

15,507

5,714

20,692

-12,354

-7,872

8,531

Net cash used in operating activities

426,552

568,552

159,337

361,622

232,214

163,882

99,178

-3,447

164,919

-47,379

115,109

Cash flows from investing activities:
Capital expenditures

236,111

143,036

135,976

119,471

118,144

56,905

41,294

52,452

122,238

82,269

35,341

Acquisitions, net of cash acquired

100,658

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment

5,547

-

-214

-

-

-

-

-

17,100

0

0

Redemption of auction rate securities

-

-

-

-

-

-

-

-

-

-

95,250

Intangible asset additions

-

-

-

-

55

-

87

-

10

41

4,500

Purchases of investments

189,624

446,127

2,344

3,810

8,428

-

-

-

-

-

30,000

Proceeds from sales and maturities of investments

176,773

269,749

284

170

144

-

-

-

-

30,000

375

Acquisition of South Korea distributor

-

-

-

22,534

-

-

-

-

-

-

-

Net cash used in investing activities

-344,073

-319,414

-138,250

-145,645

-126,483

-56,905

-41,381

-52,452

-105,148

-52,310

25,784

Net proceeds from the issuances of common stock through employee stock purchase plan

6,173

5,297

5,479

5,120

4,318

3,363

2,947

-

-

-

-

Repayments on long-term borrowings

4,108

1,683

1,783

15,653

32,656

12,028

11,667

10,243

14,287

9,121

413

Proceeds from long-term borrowings

33,296

18,626

5,745

-

762

-

-

82,143

37,326

39,293

0

Proceeds from short-term borrowings

-1,433

-787

1,925

6,091

-1,733

1,723

-2,382

-47,998

31,958

16,271

2,006

Net proceeds from the issuances of stock through employee stock purchase plan and the exercise of stock options

-

-

-

-

-

-

-

3,425

3,321

14,040

2,807

Payments for taxes related to net share settlement of equity awards

14,313

14,191

-

-

-

-

-

-

-

5,604

0

Excess tax benefits from share-based compensation

-

-

-

4,682

8,009

1,446

531

528

0

9,042

0

Cash used for purchase of non-controlling interest

82,894

-

-

-

-

-

-

-

-

-

-

Distributions to non-controlling interests

38,675

27,000

25,953

17,744

39,148

4,050

3,175

1,602

0

0

-

Contribution from non-controlling interests of consolidated entity

-

-

46

13,980

2,272

503

3,635

3,501

2,115

3,500

4,000

Net cash provided by (used in) financing activities

-131,973

-119,715

-14,541

-3,524

-58,176

-9,043

-10,111

29,754

60,433

67,421

8,400

Effect of exchange rate changes on cash and cash equivalents

2,133

6,383

11,349

-1,908

-6,249

-3,260

-1,501

827

-2,618

151

1,441

Net change in cash and cash equivalents

-47,361

135,806

17,895

212,453

47,555

97,934

47,686

-26,145

120,204

-32,268

149,293

Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest

7,140

5,568

6,392

5,724

9,891

10,822

10,624

11,812

7,692

3,438

4,445

Income taxes, net

88,753

93,041

56,633

65,260

63,479

29,499

5,480

-48,706

15,772

87,063

17,492

Non-cash transactions:
Land and other assets contribution from non-controlling interest

36,934

-

-

-

-

-

-

-

-

-

-

Land contribution from noncontrolling interest

-

-

-

-

-

-

-

-

-

30,000

0

Note payable contribution from noncontrolling interest

-

-

-

-

-

-

-

-

-

17,358

0

Acquisition of Chilean distributor

-

-

-

-

-

-

-

-

-

-

4,382

Class A Common Stock [Member]
Repurchase of Class A common stock

30,019

99,977

-

-

-

-

-

-

-

-

-