As of March 31, 2025, Skechers U.S.A., Inc. reported $993.1 million in cash and cash equivalents, while Beach Acquisition Co Parent, LLC had no reported cash and cash equivalents. However, after the Transaction, the pro forma combined cash and cash equivalents stood at $993.1 million.
Skechers had short-term investments of $107.6 million, trade accounts receivable of $1.26 billion, and inventory of $1.77 billion as of March 31, 2025. On the other hand, Beach Acquisition Co Parent, LLC did not report any of these assets. Following the Transaction, the pro forma combined trade accounts receivable amounted to $1.26 billion, and inventory stood at $1.77 billion.
In terms of non-current assets, Skechers reported goodwill of $96.3 million and intangible assets, net of $4.5 billion, as of March 31, 2025. Post Transaction, the pro forma combined goodwill was adjusted to $2.48 billion, and intangible assets, net, were adjusted to $4.5 billion.
Looking at the liabilities, as of March 31, 2025, Skechers had total current liabilities of $2.1 billion and long-term borrowings of $82.4 million. Meanwhile, Beach Acquisition Co Parent, LLC had no reported current liabilities and long-term borrowings. However, after the Transaction, the pro forma combined total current liabilities stood at $1.99 billion, and long-term borrowings were adjusted to $6.21 billion.
These figures highlight the significant changes in the financial position of the combined entity following the Transaction. Today the company's shares have moved 0.1% to a price of $62.53. Check out the company's full 8-K submission here.
