Skechers U.S.A., Inc. (SKX)

Skechers U.S.A. Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8,969	8,000	7,445	6,310	4,613
Revenue Growth (YoY)	12.11%	7.47%	17.98%	36.78%	-12.00%
Cost of Revenue	4,202	3,848	3,929	3,186	2,408
Gross Profit	4,767	4,152	3,515	3,124	2,206
Selling, General & Admin	3,863	3,366	2,969	2,526	2,072
Operating Expenses	3,863	3,366	2,969	2,526	2,072
Operating Income	904.26	786.39	546.67	598.19	133.68
Other Non Operating Income (Expenses)	-26.51	16.09	-24.41	-28.43	21.05
EBT Excluding Unusual Items	877.75	802.47	522.26	569.76	154.73
Merger & Restructuring Charges	-	-1.6	-	-	-
Pretax Income	877.75	800.87	522.26	569.76	154.73
Income Tax Expense	148.14	150.95	93.1	-245.88	8.5
Earnings From Continuing Operations	729.61	649.92	429.16	815.63	146.23
Minority Interest in Earnings	-90.14	-104.12	-56.13	-74.13	-47.66
Net Income	639.47	545.8	373.03	741.5	98.56
Net Income to Common	639.47	545.8	373.03	741.5	98.56
Net Income Growth	17.16%	46.32%	-49.69%	652.31%	-71.56%
Shares Outstanding (Basic)	152	155	156	156	154
Shares Outstanding (Diluted)	154	156	157	157	155
Shares Change (YoY)	-1.54%	-0.22%	-0.12%	1.23%	0.48%
EPS (Basic)	4.21	3.53	2.40	4.77	0.64
EPS (Diluted)	4.16	3.49	2.38	4.73	0.64
EPS Growth	19.20%	46.64%	-49.68%	639.92%	-71.59%
Free Cash Flow	270.6	907.44	-120.67	-97.52	21.54
Free Cash Flow Per Share	1.76	5.81	-0.77	-0.62	0.14
Gross Margin	53.15%	51.90%	47.22%	49.51%	47.81%
Operating Margin	10.08%	9.83%	7.34%	9.48%	2.90%
Profit Margin	7.13%	6.82%	5.01%	11.75%	2.14%
Free Cash Flow Margin	3.02%	11.34%	-1.62%	-1.54%	0.47%
EBITDA	1,116	968.31	700.39	737.76	276.49
EBITDA Margin	12.44%	12.10%	9.41%	11.69%	5.99%
D&A For EBITDA	211.5	181.93	153.72	139.58	142.81
EBIT	904.26	786.39	546.67	598.19	133.68
EBIT Margin	10.08%	9.83%	7.34%	9.48%	2.90%
Effective Tax Rate	16.88%	18.85%	17.83%	-	5.50%
Advertising Expenses	669.6	562.1	473.7	375	248.7

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q