Skechers usa inc (SKX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net earnings

41,160

82,501

121,734

91,998

131,019

67,106

106,050

60,859

137,258

-51,761

106,830

73,400

106,635

15,169

76,542

84,009

109,639

38,490

73,834

87,065

61,658

25,856

55,079

38,213

33,048

16,101

28,333

8,846

7,588

3,666

11,600

-1,344

-3,410

-57,757

8,285

-29,916

11,808

3,237

36,378

40,237

56,296

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

39,559

30,784

28,305

25,005

27,421

28,420

26,926

27,158

27,176

36,934

20,883

19,814

18,879

18,435

17,093

15,683

14,872

9,966

14,791

14,378

13,298

12,590

12,081

11,598

11,288

11,190

10,665

10,127

10,415

10,656

10,117

11,019

9,750

10,729

7,835

7,727

7,361

7,066

6,771

5,551

5,319

Noncontrolling interests in subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

-136

345

149

201

80

-173

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

301

300

300

63

538

300

482

238

237

238

238

238

281

371

371

370

371

370

Amortization of other assets

-

-

-

-

-

-

-

-

-

-

3,596

3,424

3,454

3,545

3,734

3,199

2,621

421

176

308

309

1,247

234

233

234

233

226

227

226

226

227

227

226

395

395

395

395

396

395

499

393

Provision for bad debts and returns

26,277

32,089

12,870

-2,168

9,665

7,755

7,813

6,591

13,571

5,001

2,145

-736

11,988

18,567

3,868

1,055

7,330

2,031

1,273

159

4,057

4,693

2,863

1,494

5,103

-494

1,938

-438

1,862

-519

-76

2,378

-671

1,326

-1,192

1,518

4,230

1,549

1,528

548

2,587

Share based compensation

12,441

10,842

10,739

10,555

8,940

6,880

7,622

7,288

8,678

7,165

7,489

7,620

6,628

5,963

6,248

6,214

4,656

4,749

4,673

4,474

4,400

3,750

2,014

1,599

1,321

627

602

580

579

1,546

3,331

3,165

3,485

3,516

3,562

3,536

3,706

3,603

3,471

3,356

3,309

Deferred income taxes

-4,885

3,656

-356

-13,942

3,074

-11,034

-2,134

2,966

435

-

-

-

-

-12,725

97

-1,219

1,911

-7,206

147

2,006

209

-2,253

4,502

11,704

8,458

-460

8,744

2,174

1,125

-1,477

2,687

-8,748

0

-

-

-

-

-5,151

-7

-5

-7

Net settlement gain

13,877

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other items, net

-

-557

701

-174

-304

-83

-855

371

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on non-current assets

-

-

-

-

-

-

-

-

-

-

2,279

-1,250

585

503

-359

-403

-154

-95

-581

34

-14

-

-

-116

-128

-

-39

-195

1

-10

-199

-7

0

9,888

-24

-142

-90

6

8

82

-132

Net foreign currency adjustments

-6,513

5,655

-2,901

-446

-4,422

-6,850

5,157

-8,848

469

318

2,043

4,896

492

4,937

-1,429

-1,989

2,430

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

-8

-

0

4

0

521

-522

-104

183

640

0

0

0

-

-

-

-

(Increase) decrease in assets:
Receivables

187,786

-24,876

42,263

-117,860

218,863

-7,555

-12,064

-120,030

275,837

-62,157

-13,929

-55,368

233,676

-83,360

-36,997

-70,605

201,312

-50,971

-15,967

-8,518

175,488

-52,715

28,214

5,813

89,383

-37,651

19,129

-30,752

70,553

-29,350

8,081

10,991

47,267

-70,687

-23,698

-46,846

55,117

-13,315

-27,905

20,742

70,518

Inventories

-77,539

173,436

47,483

77,794

-126,810

106,528

-58,422

39,032

-79,926

168,767

24,328

83,496

-117,963

158,530

-66,589

88,389

-122,178

122,574

34,279

78,437

-59,228

92,362

4,551

48,767

-45,518

49,897

24,084

33,542

-84,934

37,424

43,014

44,523

-13,148

-1,612

-84,754

-51,309

-22,566

70,506

105,629

30,817

-34,535

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

13,491

-3,852

180

4,647

6,554

15,869

-11,727

-12,568

19,647

-38

-4,959

12,633

8,213

9,561

1,381

2,550

-484

-2,254

-1,017

-6,054

2,351

-4,752

-51,811

13,409

8,865

21,183

-5,210

2,721

16,466

-964

3,179

Other assets

-29,733

22,122

36,008

-16,125

27,229

-2,835

9,418

14,865

8,621

10,742

1,333

1,899

4,087

348

841

1,228

2,639

-3,443

1,643

2,173

6,050

-3,886

-1,136

201

273

-312

272

274

3,005

5,605

-1,188

677

-139

-5,225

1,999

-162

97

229

-15,213

20,866

1,689

Increase (decrease) in liabilities:
Accounts payable

-141,815

106,147

36,264

148,029

-135,976

126,018

-40,073

77,310

11,097

12,312

-31,237

104,398

-98,279

130,828

-146,794

127,043

-72,830

69,743

-15,347

105,955

-30,276

45,983

-1,282

97,159

-43,174

33,754

2,508

61,968

-80,634

-2,038

-42,259

34,936

19,319

80,025

-99,970

-1,127

2,998

497

37,390

7,180

-12,238

Other liabilities

-19,840

-12,949

18,526

-8,049

6,908

19,802

-5,783

-4,663

10,307

92,334

-16,613

22,955

-12,653

24,507

1,889

10,154

-27,244

13,162

28,886

-6,890

15,258

1,257

9,256

2,769

2,225

7,331

5,514

-563

-6,568

12,871

5,090

-259

2,990

-3,780

2,854

-5,517

-5,911

1,770

-261

-18,593

9,212

Net cash used in operating activities

-134,981

77,290

104,528

308,239

-63,505

155,742

157,187

252,085

3,538

-16,166

66,352

193,556

-84,405

118,684

60,656

213,649

-31,367

73,051

72,220

135,367

-48,424

44,252

45,364

100,846

-26,580

53,422

15,631

82,840

-52,715

17,277

-60,582

-9,717

49,575

93,161

19,691

54,112

-2,045

-46,660

7,251

-32,319

24,349

Cash flows from investing activities:
Capital expenditures

74,887

61,448

48,933

87,586

38,144

45,727

36,491

26,354

34,464

33,813

25,661

47,620

28,882

38,720

25,717

19,837

35,197

59,945

25,195

18,381

14,623

14,929

18,049

12,558

11,369

11,752

11,964

9,804

7,774

24,278

5,586

11,000

11,588

7,939

21,418

49,502

43,379

16,652

35,896

23,072

6,649

Purchases of investments

43,788

38,030

42,412

45,602

63,580

38,001

358,760

47,898

1,468

454

867

339

684

325

1,291

980

1,214

5,059

1,263

1,305

801

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales and maturities of investments

42,418

29,001

38,575

44,137

65,060

22,591

246,811

0

347

0

44

0

240

0

39

0

131

0

39

1

104

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

30,000

Net cash used in investing activities

-76,257

-70,477

-47,223

-189,709

-36,664

-61,137

-148,440

-74,252

-35,585

-34,347

-26,618

-47,959

-29,326

-61,579

-26,969

-20,817

-36,280

-65,000

-26,383

-19,780

-15,320

-14,929

-18,049

-12,558

-11,369

-11,839

-11,964

-9,804

-7,774

-24,278

-5,586

-11,000

-11,588

9,151

-21,418

-49,502

-43,379

-16,653

-35,905

-23,103

23,351

Repayments on long-term borrowings

107

652

398

2,601

457

302

462

461

458

447

392

500

444

443

442

13,089

1,679

16,119

10,938

2,533

3,066

3,042

3,019

2,995

2,972

2,948

2,971

2,868

2,880

2,341

2,872

2,562

2,468

2,492

2,405

1,315

8,075

8,545

295

148

133

Proceeds from long-term borrowings

570,767

15,355

2,807

11,279

3,855

-

-

-

-

165

3,515

0

2,065

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings

7,912

-10,481

6,273

-4,968

7,743

-8,278

4,324

-1,022

4,189

-2,618

6,839

-2,077

-219

-

-

-

-

-

-

-

-

-

-

-

-

-43

-1,223

-1,719

603

-55,234

-2,569

5,686

4,119

1,019

3,234

11,675

16,030

15,990

342

623

-684

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,427

649

1,342

7

1,220

59

1,202

840

2,513

755

2,477

8,295

Payments for taxes related to net share settlement of equity awards

5,659

568

162

7,767

5,816

2,790

220

2,463

8,718

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,753

-

-

-

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

62

151

590

3,879

4,589

764

518

2,138

-

-

-

-

-

-

-

-

-

-

-

-

-234

15

-80

299

1,653

1,631

63

5,695

Cash used for purchase of non-controlling interest

-

0

0

0

82,894

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to non-controlling interests

14,865

1,067

16,115

20,479

1,014

8,337

10,997

3,229

4,437

16,606

2,594

5,861

892

9,799

2,746

1,211

3,988

2,058

34,740

1,200

1,150

800

1,275

650

1,325

600

900

500

1,175

1,602

0

0

0

-

-

-

-

-

-

-

-

Contribution from non-controlling interests of consolidated entity

-

-

-

-

-

-

-

-

-

0

0

0

46

8,273

2,802

0

2,905

-

-

-

-

-

-

-

-

0

483

0

3,152

1,501

2,000

0

0

2,000

0

0

115

-

-

-

-

Net cash provided by (used in) financing activities

558,048

5,584

-7,596

-36,369

-93,592

-40,623

-47,383

-19,285

-12,424

-17,038

7,368

-5,427

556

1,350

1,559

-7,550

1,117

-9,703

-45,416

774

-3,831

1,177

-4,179

-1,743

-4,298

-1,669

-4,472

-3,670

-300

24,584

-954

4,466

1,658

1,660

1,331

48,233

9,209

47,800

2,433

4,015

13,173

Effect of exchange rate changes on cash and cash equivalents

-12,920

-11,526

-4,985

9,622

9,022

15,484

-3,440

-13,772

8,111

1,050

4,249

3,598

2,452

-5,210

1,218

-283

2,367

-1,036

-3,644

831

-2,400

-4,605

2,846

-1,185

-316

-716

612

-1,021

-376

297

879

-1,176

827

-802

-2,412

41

555

243

1,783

-1,206

-669

Net change in cash and cash equivalents

333,890

871

44,724

91,783

-184,739

69,466

-42,076

144,776

-36,360

-56,202

47,102

140,170

-113,175

58,455

35,246

185,282

-66,530

-1,652

421

116,361

-67,575

30,500

23,136

86,545

-42,247

39,914

-805

69,366

-60,789

17,583

-67,122

-16,251

39,645

103,972

-396

52,843

-36,215

-15,513

-26,221

-51,407

60,873

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

2,000

2,043

1,967

1,835

1,295

1,983

1,096

1,409

1,080

1,638

1,504

1,795

1,455

1,556

1,127

1,671

1,370

2,596

2,348

2,560

2,387

2,848

2,239

3,244

2,491

2,625

2,847

2,685

2,467

2,935

3,128

4,327

1,422

3,740

1,513

989

1,450

1,608

318

396

1,116

Income taxes, net

13,044

-4,102

20,869

53,596

18,390

21,021

16,549

39,188

16,283

8,328

11,971

25,796

10,538

20,370

10,499

26,110

8,281

3,781

27,211

19,028

13,459

5,320

10,602

11,158

2,419

-66

946

3,012

1,588

2,115

-249

3,568

-54,140

6,213

1,971

4,977

2,611

4,122

29,598

39,800

13,543

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

-

6,593

0

22,776

7,565

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable contribution from non-controlling interest

-

-

-

-

2,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

0

0

15,010

15,009

41,950

40,027

15,000

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-