
Skechers USA Inc
NYSE:SKX

Income Statement
Earnings Waterfall
Skechers USA Inc
Revenue
|
9.1B
USD
|
Cost of Revenue
|
-4.3B
USD
|
Gross Profit
|
4.8B
USD
|
Operating Expenses
|
-4B
USD
|
Operating Income
|
870.6m
USD
|
Other Expenses
|
-235.3m
USD
|
Net Income
|
635.3m
USD
|
Income Statement
Skechers USA Inc
Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Interest Expense |
13
|
12
|
12
|
11
|
9
|
8
|
7
|
6
|
6
|
6
|
7
|
7
|
6
|
6
|
6
|
6
|
6
|
6
|
7
|
8
|
8
|
11
|
14
|
16
|
18
|
17
|
16
|
15
|
15
|
16
|
18
|
20
|
20
|
22
|
22
|
22
|
22
|
21
|
21
|
22
|
24
|
|
Revenue |
2 599
N/A
|
2 813
+8%
|
2 994
+6%
|
3 147
+5%
|
3 358
+7%
|
3 436
+2%
|
3 522
+3%
|
3 563
+1%
|
3 657
+3%
|
3 805
+4%
|
3 958
+4%
|
4 164
+5%
|
4 341
+4%
|
4 450
+3%
|
4 532
+2%
|
4 642
+2%
|
4 669
+1%
|
4 793
+3%
|
4 970
+4%
|
5 220
+5%
|
5 186
-1%
|
4 657
-10%
|
4 603
-1%
|
4 597
0%
|
4 790
+4%
|
5 722
+19%
|
5 980
+5%
|
6 310
+6%
|
6 695
+6%
|
6 901
+3%
|
7 221
+5%
|
7 445
+3%
|
7 627
+2%
|
7 772
+2%
|
7 918
+2%
|
8 000
+1%
|
8 250
+3%
|
8 395
+2%
|
8 718
+4%
|
8 969
+3%
|
9 129
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(1 435)
|
(1 543)
|
(1 643)
|
(1 723)
|
(1 835)
|
(1 870)
|
(1 913)
|
(1 929)
|
(1 978)
|
(2 054)
|
(2 117)
|
(2 225)
|
(2 296)
|
(2 332)
|
(2 370)
|
(2 419)
|
(2 438)
|
(2 513)
|
(2 601)
|
(2 729)
|
(2 737)
|
(2 450)
|
(2 424)
|
(2 408)
|
(2 462)
|
(2 909)
|
(3 015)
|
(3 186)
|
(3 432)
|
(3 594)
|
(3 807)
|
(3 929)
|
(3 957)
|
(3 939)
|
(3 897)
|
(3 848)
|
(3 895)
|
(3 916)
|
(4 087)
|
(4 202)
|
(4 289)
|
|
Gross Profit |
1 164
N/A
|
1 269
+9%
|
1 352
+7%
|
1 424
+5%
|
1 524
+7%
|
1 565
+3%
|
1 608
+3%
|
1 635
+2%
|
1 679
+3%
|
1 751
+4%
|
1 841
+5%
|
1 939
+5%
|
2 046
+5%
|
2 118
+4%
|
2 162
+2%
|
2 224
+3%
|
2 231
+0%
|
2 280
+2%
|
2 369
+4%
|
2 491
+5%
|
2 448
-2%
|
2 207
-10%
|
2 179
-1%
|
2 190
+0%
|
2 328
+6%
|
2 813
+21%
|
2 965
+5%
|
3 124
+5%
|
3 263
+4%
|
3 307
+1%
|
3 414
+3%
|
3 515
+3%
|
3 670
+4%
|
3 833
+4%
|
4 021
+5%
|
4 152
+3%
|
4 355
+5%
|
4 479
+3%
|
4 631
+3%
|
4 767
+3%
|
4 840
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(915)
|
(961)
|
(1 023)
|
(1 073)
|
(1 122)
|
(1 176)
|
(1 211)
|
(1 264)
|
(1 323)
|
(1 409)
|
(1 486)
|
(1 556)
|
(1 638)
|
(1 716)
|
(1 752)
|
(1 786)
|
(1 776)
|
(1 796)
|
(1 861)
|
(1 973)
|
(2 051)
|
(1 982)
|
(2 009)
|
(2 038)
|
(2 081)
|
(2 304)
|
(2 402)
|
(2 526)
|
(2 647)
|
(2 738)
|
(2 861)
|
(2 969)
|
(3 076)
|
(3 175)
|
(3 280)
|
(3 368)
|
(3 496)
|
(3 631)
|
(3 761)
|
(3 863)
|
(3 970)
|
|
Selling, General & Administrative |
(923)
|
(971)
|
(1 033)
|
(1 074)
|
(1 135)
|
(1 188)
|
(1 224)
|
(1 264)
|
(1 338)
|
(1 424)
|
(1 501)
|
(1 554)
|
(1 656)
|
(1 736)
|
(1 774)
|
(1 788)
|
(1 796)
|
(1 817)
|
(1 884)
|
(1 978)
|
(2 073)
|
(2 000)
|
(2 025)
|
(2 036)
|
(2 092)
|
(2 312)
|
(2 407)
|
(2 502)
|
(2 647)
|
(2 738)
|
(2 861)
|
(2 941)
|
(3 075)
|
(3 175)
|
(3 280)
|
(3 340)
|
(3 495)
|
(3 631)
|
(3 761)
|
(3 829)
|
(3 970)
|
|
Research & Development |
0
|
0
|
0
|
(11)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(19)
|
0
|
0
|
0
|
(17)
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
(25)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(28)
|
0
|
0
|
0
|
(34)
|
0
|
|
Other Operating Expenses |
8
|
10
|
10
|
12
|
12
|
12
|
13
|
14
|
16
|
15
|
15
|
17
|
18
|
20
|
22
|
21
|
20
|
21
|
23
|
23
|
23
|
19
|
16
|
16
|
11
|
8
|
5
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
249
N/A
|
308
+23%
|
329
+7%
|
351
+7%
|
401
+14%
|
389
-3%
|
397
+2%
|
371
-7%
|
357
-4%
|
342
-4%
|
356
+4%
|
383
+8%
|
407
+6%
|
402
-1%
|
410
+2%
|
438
+7%
|
455
+4%
|
485
+7%
|
508
+5%
|
518
+2%
|
397
-23%
|
225
-43%
|
170
-25%
|
152
-11%
|
247
+62%
|
509
+106%
|
563
+11%
|
598
+6%
|
616
+3%
|
569
-8%
|
553
-3%
|
547
-1%
|
594
+9%
|
658
+11%
|
741
+13%
|
785
+6%
|
860
+10%
|
849
-1%
|
869
+2%
|
904
+4%
|
871
-4%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
(23)
|
(22)
|
(17)
|
(10)
|
(9)
|
(7)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(1)
|
2
|
4
|
7
|
7
|
6
|
4
|
3
|
(2)
|
(6)
|
(10)
|
(15)
|
(15)
|
(16)
|
(15)
|
(15)
|
(16)
|
(18)
|
(20)
|
(20)
|
(22)
|
(22)
|
(22)
|
(22)
|
(21)
|
(21)
|
(22)
|
(24)
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(18)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
2
|
5
|
(0)
|
(7)
|
0
|
(5)
|
(3)
|
(6)
|
(8)
|
(3)
|
1
|
6
|
8
|
(2)
|
(7)
|
(10)
|
(19)
|
(10)
|
(12)
|
(7)
|
2
|
6
|
18
|
32
|
18
|
19
|
6
|
(14)
|
(5)
|
(25)
|
(30)
|
(5)
|
12
|
35
|
44
|
38
|
26
|
20
|
40
|
(5)
|
24
|
|
Pre-Tax Income |
228
N/A
|
290
+27%
|
312
+8%
|
334
+7%
|
393
+18%
|
377
-4%
|
388
+3%
|
360
-7%
|
343
-5%
|
335
-3%
|
352
+5%
|
384
+9%
|
412
+7%
|
400
-3%
|
405
+1%
|
432
+7%
|
443
+3%
|
481
+9%
|
502
+4%
|
516
+3%
|
402
-22%
|
230
-43%
|
182
-21%
|
155
-15%
|
250
+61%
|
513
+105%
|
554
+8%
|
570
+3%
|
597
+5%
|
528
-11%
|
505
-4%
|
522
+3%
|
586
+12%
|
671
+15%
|
763
+14%
|
801
+5%
|
864
+8%
|
848
-2%
|
888
+5%
|
878
-1%
|
871
-1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(47)
|
(60)
|
(63)
|
(73)
|
(84)
|
(71)
|
(79)
|
(74)
|
(61)
|
(63)
|
(50)
|
(49)
|
(54)
|
(54)
|
(63)
|
(72)
|
(81)
|
(87)
|
(90)
|
(89)
|
(65)
|
(44)
|
(36)
|
(24)
|
(46)
|
(87)
|
(94)
|
245
|
241
|
254
|
255
|
(93)
|
(102)
|
(113)
|
(132)
|
(151)
|
(164)
|
(166)
|
(161)
|
(148)
|
(156)
|
|
Income from Continuing Operations |
181
|
230
|
249
|
261
|
309
|
306
|
309
|
285
|
282
|
272
|
302
|
335
|
358
|
345
|
342
|
360
|
362
|
393
|
412
|
427
|
337
|
186
|
146
|
130
|
204
|
425
|
460
|
815
|
837
|
782
|
759
|
429
|
483
|
559
|
630
|
650
|
700
|
683
|
726
|
730
|
714
|
|
Income to Minority Interest |
(17)
|
(21)
|
(24)
|
(29)
|
(36)
|
(38)
|
(42)
|
(42)
|
(42)
|
(46)
|
(50)
|
(56)
|
(63)
|
(65)
|
(65)
|
(70)
|
(73)
|
(74)
|
(77)
|
(81)
|
(51)
|
(47)
|
(46)
|
(48)
|
(72)
|
(83)
|
(79)
|
(74)
|
(73)
|
(65)
|
(59)
|
(56)
|
(71)
|
(84)
|
(96)
|
(104)
|
(108)
|
(103)
|
(99)
|
(90)
|
(79)
|
|
Net Income (Common) |
164
N/A
|
209
+27%
|
224
+7%
|
232
+3%
|
273
+18%
|
268
-2%
|
266
-1%
|
244
-9%
|
240
-1%
|
225
-6%
|
253
+12%
|
179
-29%
|
203
+13%
|
189
-7%
|
187
-1%
|
301
+61%
|
292
-3%
|
322
+10%
|
335
+4%
|
347
+4%
|
287
-17%
|
144
-50%
|
105
-27%
|
99
-6%
|
148
+50%
|
354
+139%
|
392
+11%
|
742
+89%
|
764
+3%
|
717
-6%
|
700
-2%
|
373
-47%
|
412
+11%
|
475
+15%
|
534
+13%
|
546
+2%
|
592
+8%
|
580
-2%
|
627
+8%
|
639
+2%
|
635
-1%
|
|
EPS (Diluted) |
1.07
N/A
|
1.36
+27%
|
1.46
+7%
|
1.5
+3%
|
1.77
+18%
|
1.73
-2%
|
1.72
-1%
|
1.57
-9%
|
1.54
-2%
|
1.44
-6%
|
1.61
+12%
|
1.14
-29%
|
1.28
+12%
|
1.2
-6%
|
1.19
-1%
|
1.92
+61%
|
1.89
-2%
|
2.09
+11%
|
2.18
+4%
|
2.25
+3%
|
1.87
-17%
|
0.93
-50%
|
0.67
-28%
|
0.63
-6%
|
0.94
+49%
|
2.25
+139%
|
2.49
+11%
|
4.72
+90%
|
4.87
+3%
|
4.57
-6%
|
4.48
-2%
|
2.38
-47%
|
2.63
+11%
|
3.03
+15%
|
3.41
+13%
|
3.49
+2%
|
3.8
+9%
|
3.75
-1%
|
4.08
+9%
|
4.16
+2%
|
4.19
+1%
|