SKECHERS USA INC SKX Cash Flow

Skechers usa inc (SKX)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net earnings
337,393	427,252	411,857	396,173	365,034	371,273	252,406	253,186	265,727	235,104	302,034	271,746	282,355	285,359	308,680	305,972	309,028	261,047	248,413	229,658	180,806	152,196	142,441	115,695	86,328	60,868	48,433	31,700	21,510	10,512	-50,911	-54,226	-82,798	-67,580	-6,586	21,507	91,660	136,148	0	0	0
Adjustment to reconcile net earnings to net cash from operating activities:
Depreciation and amortization
123,653	111,515	109,151	107,772	109,925	109,680	118,194	112,151	104,807	96,510	78,011	74,221	70,090	66,083	57,614	55,312	54,007	52,433	55,057	52,347	49,567	47,557	46,157	44,741	43,270	42,397	41,863	41,315	42,207	41,542	41,615	39,333	36,041	33,652	29,989	28,925	26,749	24,707	0	0	0
Noncontrolling interests in subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	429	559	775	257	0	0	0
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,201	964	1,201	1,201	1,383	1,558	1,257	1,195	951	951	995	1,128	1,261	1,393	1,483	1,482	0	0	0
Amortization of other assets
-	-	-	-	-	-	-	-	-	-	14,019	14,157	13,932	13,099	9,975	6,417	3,526	1,214	2,040	2,098	2,023	1,948	934	926	920	912	905	906	906	906	1,075	1,243	1,411	1,580	1,581	1,581	1,685	1,683	0	0	0
Provision for bad debts and returns
69,068	52,456	28,122	23,065	31,824	35,730	32,976	27,308	19,981	18,398	31,964	33,687	35,478	30,820	14,284	11,689	10,793	7,520	10,182	11,772	13,107	14,153	8,966	8,041	6,109	2,868	2,843	829	3,645	1,112	2,957	1,841	981	5,882	6,105	8,825	7,855	6,212	0	0	0
Share based compensation
44,577	41,076	37,114	33,997	30,730	30,468	30,753	30,620	30,952	28,902	27,700	26,459	25,053	23,081	21,867	20,292	18,552	18,296	17,297	14,638	11,763	8,684	5,561	4,149	3,130	2,388	3,307	6,036	8,621	11,527	13,497	13,728	14,099	14,320	14,407	14,316	14,136	13,739	0	0	0
Deferred income taxes
-15,527	-7,568	-22,258	-24,036	-7,128	-9,767	0	0	0	-	-	-	-	-11,936	-6,417	-6,367	-3,142	-4,844	109	4,464	14,162	22,411	24,204	28,446	18,916	11,583	10,566	4,509	-6,413	-7,538	0	0	0	-	-	-	-	-5,170	0	0	0
Net settlement gain
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other items, net
-	-334	140	-1,416	-871	-550	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (loss) on non-current assets
-	-	-	-	-	-	-	-	-	-	2,117	-521	326	-413	-1,011	-1,233	-796	-656	0	0	0	-	-	0	0	-	-243	-403	-215	-216	9,682	9,857	9,722	9,632	-250	-218	6	-36	0	0	0
Net foreign currency adjustments
-4,205	-2,114	-14,619	-6,561	-14,963	-10,072	-2,904	-6,018	7,726	7,749	12,368	8,896	2,011	3,949	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	525	3	-105	78	197	719	823	640	0	0	0	-	-	-	-
(Increase) decrease in assets:
Receivables
87,313	118,390	135,711	81,384	79,214	136,188	81,586	79,721	144,383	102,222	81,019	57,951	42,714	10,350	42,739	63,769	125,856	100,032	98,288	142,469	156,800	70,695	85,759	76,674	40,109	21,279	29,580	18,532	60,275	36,989	-4,348	-36,127	-93,964	-86,114	-28,742	-32,949	34,639	50,040	0	0	0
Inventories
221,174	171,903	104,995	-910	-39,672	7,212	69,451	152,201	196,665	158,628	148,391	57,474	62,367	58,152	22,196	123,064	113,112	176,062	145,850	116,122	86,452	100,162	57,697	77,230	62,005	22,589	10,116	29,046	40,027	111,813	72,777	-54,991	-150,823	-160,241	-88,123	102,260	184,386	172,417	0	0	0
Prepaid expenses and other current assets
-	-	-	-	-	-	-	-	-	-	14,466	7,529	27,250	15,343	-1,872	11,221	-4,686	2,082	27,283	15,849	25,448	31,788	21,705	13,008	1,193	-1,205	-9,809	-6,974	-9,472	-60,266	-40,803	-34,289	-8,354	38,247	27,559	35,160	13,013	21,402	0	0	0
Other assets
12,272	69,234	44,277	17,687	48,677	30,069	43,646	35,561	22,595	18,061	7,667	7,175	6,504	5,056	1,265	2,067	3,012	6,423	5,980	3,201	1,229	-4,548	-974	434	507	3,239	9,156	7,696	8,099	4,955	-5,875	-2,688	-3,527	-3,291	2,163	-15,049	5,979	7,571	0	0	0
Increase (decrease) in liabilities:
Accounts payable
148,625	154,464	174,335	97,998	27,279	174,352	60,646	69,482	96,570	-12,806	105,710	-9,847	12,798	38,247	-22,838	108,609	87,521	130,075	106,315	120,380	111,584	98,686	86,457	90,247	55,056	17,596	-18,196	-62,963	-89,995	9,958	92,021	34,310	-1,753	-18,074	-97,602	39,758	48,065	32,829	0	0	0
Other liabilities
-22,312	4,436	37,187	12,878	16,264	19,663	92,195	81,365	108,983	86,023	18,196	36,698	23,897	9,306	-2,039	24,958	7,914	50,416	38,511	18,881	28,540	15,507	21,581	17,839	14,507	5,714	11,254	10,830	11,134	20,692	4,041	1,805	-3,453	-12,354	-6,804	-9,919	-22,995	-7,872	0	0	0
Net cash used in operating activities
355,076	426,552	505,004	557,663	501,509	568,552	396,644	305,809	247,280	159,337	294,187	288,491	308,584	361,622	315,989	327,553	249,271	232,214	203,415	176,559	142,038	163,882	173,052	143,319	125,313	99,178	63,033	-13,180	-105,737	-3,447	72,437	152,710	216,539	164,919	25,098	12,658	-73,773	-47,379	0	0	0
Cash flows from investing activities:
Capital expenditures
272,854	236,111	220,390	207,948	146,716	143,036	131,122	120,292	141,558	135,976	140,883	140,939	113,156	119,471	140,696	140,174	138,718	118,144	73,128	65,982	60,159	56,905	53,728	47,643	44,889	41,294	53,820	47,442	48,638	52,452	36,113	51,945	90,447	122,238	130,951	145,429	118,999	82,269	0	0	0
Purchases of investments
169,832	189,624	189,595	505,943	508,239	446,127	408,580	50,687	3,128	2,344	2,215	2,639	3,280	3,810	8,544	8,516	8,841	8,428	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales and maturities of investments
154,131	176,773	170,363	378,599	334,462	269,749	247,158	391	391	284	284	279	279	170	170	170	171	144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,000	0	0	0
Net cash used in investing activities
-383,666	-344,073	-334,733	-435,950	-320,493	-319,414	-292,624	-170,802	-144,509	-138,250	-165,482	-165,833	-138,691	-145,645	-149,066	-148,480	-147,443	-126,483	-76,412	-68,078	-60,856	-56,905	-53,815	-47,730	-44,976	-41,381	-53,820	-47,442	-48,638	-52,452	-19,023	-34,855	-73,357	-105,148	-130,952	-145,439	-119,040	-52,310	0	0	0
Repayments on long-term borrowings
3,758	4,108	3,758	3,822	1,682	1,683	1,828	1,758	1,797	1,783	1,779	1,829	14,418	15,653	31,329	41,825	31,269	32,656	19,579	11,660	12,122	12,028	11,934	11,886	11,759	11,667	11,060	10,961	10,655	10,243	10,394	9,927	8,680	14,287	20,340	18,230	17,063	9,121	0	0	0
Proceeds from long-term borrowings
600,208	33,296	0	0	0	-	-	-	-	5,745	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term borrowings
-1,264	-1,433	770	-1,179	2,767	-787	4,873	7,388	6,333	1,925	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-2,382	-57,573	-58,919	-51,514	-47,998	8,255	14,058	20,047	31,958	46,929	44,037	32,985	16,271	0	0	0
Net proceeds from the issuances of stock through employee stock purchase plan and the exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,425	3,218	2,628	2,488	3,321	4,614	5,310	6,585	14,040	0	0	0
Payments for taxes related to net share settlement of equity awards
14,156	14,313	16,535	16,593	11,289	14,191	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	4,682	9,209	9,822	9,750	8,009	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	1,887	3,503	3,646	9,042	0	0	0
Cash used for purchase of non-controlling interest
-	82,894	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interests
52,526	38,675	45,945	40,827	23,577	27,000	35,269	26,866	29,498	25,953	19,146	19,298	14,648	17,744	10,003	41,997	41,986	39,148	37,890	4,425	3,875	4,050	3,850	3,475	3,325	3,175	4,177	3,277	2,777	1,602	0	0	0	-	-	-	-	-	-	-	-
Contribution from non-controlling interests of consolidated entity
-	-	-	-	-	-	-	-	-	46	8,319	11,121	11,121	13,980	0	0	0	-	-	-	-	-	-	-	-	3,635	5,136	6,653	6,653	3,501	4,000	2,000	2,000	2,115	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
519,667	-131,973	-178,180	-217,967	-200,883	-119,715	-96,130	-41,379	-27,521	-14,541	3,847	-1,962	-4,085	-3,524	-14,577	-61,552	-53,228	-58,176	-47,296	-6,059	-8,576	-9,043	-11,889	-12,182	-14,109	-10,111	16,142	19,660	27,796	29,754	6,830	9,115	52,882	60,433	106,573	107,675	63,457	67,421	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-19,809	2,133	29,143	30,688	7,294	6,383	-8,051	-362	17,008	11,349	5,089	2,058	-1,823	-1,908	2,266	-2,596	-1,482	-6,249	-9,818	-3,328	-5,344	-3,260	629	-1,605	-1,441	-1,501	-488	-221	-376	827	-272	-3,563	-2,346	-2,618	-1,573	2,622	1,375	151	0	0	0
Net change in cash and cash equivalents
471,268	-47,361	21,234	-65,566	-12,573	135,806	10,138	99,316	94,710	17,895	132,552	120,696	165,808	212,453	152,346	117,521	48,600	47,555	79,707	102,422	72,606	97,934	107,348	83,407	66,228	47,686	25,355	-40,962	-126,579	-26,145	60,244	126,970	196,064	120,204	719	-25,106	-129,356	-32,268	0	0	0
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest
7,845	7,140	7,080	6,209	5,783	5,568	5,223	5,631	6,017	6,392	6,310	5,933	5,809	5,724	6,764	7,985	8,874	9,891	10,143	10,034	10,718	10,822	10,599	11,207	10,648	10,624	10,934	11,215	12,857	11,812	12,617	11,002	7,664	7,692	5,560	4,365	3,772	3,438	0	0	0
Income taxes, net
83,407	88,753	113,876	109,556	95,148	93,041	80,348	75,770	62,378	56,633	68,675	67,203	67,517	65,260	48,671	65,383	58,301	63,479	65,018	48,409	40,539	29,499	24,113	14,457	6,311	5,480	7,661	6,466	7,022	-48,706	-44,608	-42,388	-40,979	15,772	13,681	41,308	76,131	87,063	0	0	0
Non-cash transactions:
Land and other assets contribution from non-controlling interest
-	36,934	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payable contribution from non-controlling interest
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Class A Common Stock [Member]
Repurchase of Class A common stock
-	30,019	71,969	111,996	111,986	99,977	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-