Skechers USA (Skechers USA) Retained Earnings : $3,797 Mil (As of Dec. 2023)

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What is Skechers USA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Skechers USA's retained earnings for the quarter that ended in Dec. 2023 was $3,797 Mil.

Skechers USA's quarterly retained earnings increased from Jun. 2023 ($3,564 Mil) to Sep. 2023 ($3,710 Mil) and increased from Sep. 2023 ($3,710 Mil) to Dec. 2023 ($3,797 Mil).

Skechers USA's annual retained earnings increased from Dec. 2021 ($2,878 Mil) to Dec. 2022 ($3,251 Mil) and increased from Dec. 2022 ($3,251 Mil) to Dec. 2023 ($3,797 Mil).

Skechers USA Retained Earnings Historical Data

The historical data trend for Skechers USA's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Skechers USA Retained Earnings Chart

Skechers USA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,037.84

2,136.40

2,877.90

3,250.93

3,796.73

Skechers USA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															3,250.93	3,411.37	3,564.13	3,709.55	3,796.73

Skechers USA Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Skechers USA (NYSE:SKX) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Skechers USA (Skechers USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Skechers USA Inc (NYSE:SKX) » Definitions » Retained Earnings

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Traded in Other Exchanges

SKAA:Germany SKAA:Germany

Address

228 Manhattan Beach Boulevard, Manhattan Beach, CA, USA, 90266

Website

https://www.skechers.com

Skechers USA Inc is a lifestyle footwear company under the Skechers GO brand name. Products offered include various styles of women's shoes, men's shoes, girl's shoes, boy's shoes, performance shoes, and work shoes. Allied products offered are apparel, bags, eyewear, toys, and more. Its products are available for sale at department and specialty stores, athletic and independent retailers, boutiques, and internet retailers. The company's operating segments include Wholesale, and Direct-to-Consumer. It generates maximum revenue from the Wholesale segment.

Executives

Robert Greenberg	director, 10 percent owner, officer: Chief Executive Officer	SKECHERS USA INC, 228 MANHATTAN BEACH BLVD, MANHATTAN BEACH CA 90266
Michael Greenberg	director, officer: President	SKECHERS USA INC, 228 MANHATTAN BEACH BLVD, MANHATTAN BEACH CA 90266
Phillip Paccione	officer: General Counsel & Secretary
Katherine J. Blair	director	228 MANHATTAN BEACH BOULEVARD, MANHATTAN BEACH CA 90266
Richard Siskind	director	C/O R SISKIND & CO, 1385 BROADWAY, NEW YORK NY 10018
Mark A Nason	officer: Executive VP
David Weinberg	director, officer: Chief Operating Officer
Yolanda Macias	director	228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266
Zulema Garcia	director	228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266
Jeffrey Greenberg	director
Thomas Walsh	director	12548 W. FETLOCK TRAIL, PEORIA AZ 85383
Richard Rappaport	director	1900 AVENUE OF THE STARS, SUITE 301, LOS ANGELES CA 90067
John M Vandemore	officer: Chief Financial Officer	6355 S. BUFFALO DRIVE, LAS VEGAS NV 89521
Morton D Erlich	director	228 MANHATTAN BEACH BLVD., MANHATTAN BEACH CA 90266
Geyer Kosinski	director