A Hot 2005 for Skechers: Fool by Numbers

On Feb. 22, fashion footwear maker Skechers (NYSE: SKX  ) released 2005 earnings for the period ending Dec. 31.

  • Revenue increased 9%, but accounts receivables grew 12%.
  • Inventories fell 9%.
  • Operating margins moved up two percentage points to 7.6%.

(Figures in thousands, except per-share data)

Income Statement Highlights

Avg. Est.

FY 2005

FY 2004

% Change

Sales

$1,010,000

$1,006,477

$920,322

+9.4%

Net Profit

--

$44,717

$23,553

+89.9%

EPS

$1.06

$1.06

$0.59

+79.7%

Get back to basics with a look at the income statement.

Margin Checkup

FY 2005

FY 2004

% Change

Gross Margin

41.78%

40.30%

1.48%

Op. Margin

7.58%

5.35%

2.23%

Net Margin

4.44%

2.56%

1.88%

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

FY 2005

FY 2004

% Change

Cash+ ST Invest.

$197,007

$137,653

+43.1%

Inventory

$136,171

$149,757

-9.1%

Accounts Rec.

$134,600

$120,463

+11.7%


Liabilities

FY 2005

FY 2004

% Change

Long-Term Debt

$107,288

$113,038

-5.1%

Accounts Pay.

$108,395

$93,694

+15.7%

Find out why Fools always follow the money.

Cash Flow Highlights

Data not provided.

Related Companies:

Related Foolishness:

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, Fool analyst Andy Cross did not own shares in any company mentioned. Fool rules are here.


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