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| Skechers U.S.A., Inc. |
| 228 Manhattan Beach Boulevard, Manhattan Beach, CA 90266 * (310) 318-3100 |
| Business Description | The company designs and markets branded contemporary casual, active, rugged and lifestyle footwear for men, women and children. |
| Offering Information Company has | |||
| Trading As | SKX (NYSE) | Industry | Wholesale (SIC 5139) |
| Type of Stock Offered | Class A Common Shares | Filing Date | 07/29/1998 |
| Domestic Shares Offered | 7,000,000 | Offer Date | 06/08/1999 |
| Foreign Shares Offered | 0 | Filing Price | $12.00 |
| Company Shares | 7,000,000 | Offer Price | $11.00 |
| Selling Shrhldrs Shares | 0 | Gross Spread | $0.770 |
| Gross Proceeds | $77,000,000 | Selling | $0.420 |
| Expenses | - - | Reallowance | $0.100 |
| Post-IPO Shares | 27,814,155 | Employees | 673 |
| Primary Underwriting Group | ||
| Underwriter Name | Participation | Underwriter Phone |
| BT Alex Brown | Lead Manager | (410) 727-1700 |
| Prudential Securities Incorporated | Co-manager | (212) 778-5420 |
| Income Statement and Cash Flow Summary | |||||||
| Prior Audited Income |
Latest Unaudited Income | ||||||
| Full Year Audited Figures | 3 Months Ending | ||||||
| Figures in U.S. millions except per share data | 12/31/1993 | 12/31/1994 | 12/31/1995 | 12/31/1996 | 12/31/1997 | 03/31/1997 | 03/31/1998 |
| Revenues | 42.725 | 90.755 | 110.649 | 115.410 | 183.827 | 27.591 | 59.873 |
| Income from Oper. | 4.814 | 3.506 | 1.800 | 15.636 | 15.636 | -0.299 | 2.505 |
| Net Income | 2.480 | 0.638 | -0.727 | 6.848 | 6.848 | -0.559 | 0.651 |
| E.P.S | - | - | - | - | - | - | - |
| Revenue Growth (%) | 112.42 | 21.92 | 4.30 | 59.282 | 117.00 | ||
| Net Income Growth (%) | -74.27 | - | - | 0.00 | - | ||
| Oper. Profit Margin (%) | 11.27 | 3.86 | 1.63 | 13.55 | 8.51 | 4.18 | - |
| Net Profit Margin (%) | 5.80 | 0.70 | - | 5.93 | 3.73 | 1.09 | - |
| Cash Flow - Oper. | -2.13 | - | - | ||||
| Cash Flow - Inv. | -6.75 | - | - | ||||
| Cash Flow - Fin. | 10.17 | - | - | ||||
| Balance Sheet Summary and Financial Ratios | |||||
| Balance sheet as of: 03/31/1998 | Financial Ratios | ||||
| Total Assets | 96.44 | Current Assets | - | Current Ratio | - |
| Total Liab. | 84.56 | Current Liab. | - | Debt Ratio | 87.69% |
| Total Equity | 11.87 | Working Cap. | 17.25 | Debt to Equity Ratio | 7.12 |
| Cash | - | Return on Assets | 0.68% | ||
| Use Of Proceeds |
The proceeds from the proposed offering will be used to repay indebtedness and to fund the Final Tax Distribution and the Final S Corporation Distribution. |
| Legal Counsel Registrar Auditor | |
| Issuer's Law Firm | Freshman, Marantz, Orlanski, Cooper & Klein |
| Bank's Law Firm | Wilson, Sonsini, Goodrich & Rosati |
| Registrar/Transfer Agent | ChaseMellon Shareholder Services, L.L.C. |
| Auditor | KPMG Peat Marwick |
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