← STEVEN MADDEN, LTD.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $120.9m | $117.9m | $129.1m | $141.3m | ($18.4m) | $192.5m | $217.2m | $174.0m | $175.9m | $49.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $121.3m | $119.1m | $130.5m | $141.7m | ($18.3m) | $192.5m | $217.2m | $174.0m | $175.9m | $49.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $363k | $1.2m | $1.4m | $411k | $116k | — | — | — | $6.5m | $4.4m | |
| Depreciation, Depletion and Amortization | $21.1m | $21.4m | $22.5m | $21.3m | $17.4m | $15.2m | $20.6m | $15.5m | $20.0m | $33.4m | |
| Amortization | — | — | — | — | $4.0m | $2.7m | $9.0m | $2.1m | $4.4m | $5.9m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | $0 | $0 | $1.2m | |
| Amortization of Intangible Assets | $5.5m | $5.2m | $5.7m | $6.3m | — | — | — | — | — | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | $3.0m | $3.1m | $3.5m | $3.8m | $3.2m | $3.6m | |
| Depreciation | $14.3m | $15.2m | $16.0m | $16.0m | $13.3m | $12.5m | $11.6m | $13.4m | $15.6m | $24.0m | |
| Deferred Income Tax Expense (Benefit) | ($7.3m) | ($20.2m) | ($2.8m) | $5.1m | ($8.4m) | $1.3m | $3.6m | $6.1m | ($4.7m) | ($4.7m) | |
| Deferred Other Tax Expense (Benefit) | — | $2.3m | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Noncash Expense | $19.5m | $20.8m | $21.1m | $23.2m | $22.6m | $22.3m | $24.4m | $24.1m | $26.5m | $29.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $10.8m | $14.6m | $16.0m | $23.8m | $21.2m | $35.1m | $19.7m | $73.6m | $9.1m | $23.1m | |
| Goodwill and Intangible Asset Impairment | — | — | — | — | — | — | — | — | $0 | $0 | |
| Goodwill, Impairment Loss | $0 | $1.0m | $0 | — | — | — | — | — | — | — | |
| Impairment of Intangible Assets (Excluding Goodwill) | — | — | — | — | — | $2.6m | $0 | $6.5m | $10.3m | $6.3m | |
| Impairment of Intangible Assets, Finite-lived | — | — | — | $0 | — | — | — | — | — | — | |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill) | — | $4.0m | $4.0m | $4.0m | $44.3m | $2.6m | $0 | $6.5m | $10.3m | $6.3m | |
| Operating Lease, Impairment Loss | — | — | — | — | $22.2m | $1.0m | $1.0m | $1.0m | — | — | |
| Gain (Loss) on Disposition of Intangible Assets | — | — | — | — | — | $8.0m | $0 | $0 | — | — | |
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | ($3.2m) | $0 | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($652k) | ($1.5m) | ($1.2m) | ($920k) | ($561k) | ($526k) | ($11k) | ($204k) | ($112k) | $150k | |
| Income Tax Expense (Benefit) | $49.7m | $53.2m | $46.8m | $39.5m | ($11.7m) | $49.6m | $65.1m | $46.6m | $54.6m | $28.7m | |
| Operating Lease, Expense | — | — | — | — | — | $47.2m | $49.3m | $53.7m | $61.7m | $85.0m | |
| Other Nonoperating Income (Expense) | ($664k) | ($5k) | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $13.6m | ($22.7m) | ($5.0m) | $17.8m | ($13.1m) | $583k | $9.7m | $1.3m | $6.9m | $10.6m | |
| Increase (Decrease) in Inventories | $17.7m | ($21.1m) | $26.9m | ($8.4m) | ($35.5m) | $153.8m | ($29.1m) | ($25.3m) | $30.6m | ($4.4m) | |
| Goodwill | $135.7m | $148.5m | $148.1m | $171.3m | $168.3m | $168.0m | $168.1m | $180.0m | $183.7m | $254.5m | |
| Marketable Securities, Unrealized Gain (Loss) | $1.3m | $116k | $94k | $88k | — | — | — | — | — | — | |
| Operating Costs and Expenses | — | — | — | — | — | $519.8m | $592.2m | $612.7m | $698.9m | $968.0m | |
| Operating Expenses | $364.7m | $421.2m | $448.1m | $505.2m | $415.0m | — | — | — | — | — | |
| Payments of Financing Costs | — | — | — | — | — | — | — | — | — | $9.0m | |
| Pension Cost (Reversal of Cost) | $2k | $2k | $2k | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $10.7m | $16.4m | $13.0m | $6.2m | $1.6m | $9.7m | $602k | $1.2m | $1.6m | $32k | |
| Restructuring Costs | — | — | — | — | $7.2m | — | — | — | — | — | |
| Unrealized Gain (Loss) on Investments | ($308k) | ($192k) | ($67k) | $0 | $0 | — | — | — | — | — | |
| Derivative, Gain (Loss) on Derivative, Net | $472k | $57k | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $153.6m | $157.9m | $154.4m | $233.8m | $44.2m | $159.5m | $267.9m | $229.2m | $198.1m | $162.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $15.9m | $14.8m | $12.4m | $18.3m | $6.6m | $6.6m | $16.4m | $19.5m | $25.9m | $42.7m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | $16.8m | $0 | $37.2m | $0 | $0 | — | — | — | $371.6m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | $5.0m | $5.3m | $340k | $260k | |
| Net Cash Provided by (Used in) Investing Activities | ($3.9m) | ($13.4m) | $11.1m | ($27.7m) | ($4.9m) | ($3.2m) | $5.5m | ($99.9m) | ($39.5m) | ($400.9m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $52.2m | $79.1m | $100.8m | $95.7m | $75.5m | $63.9m | $74.0m | $25.9m | $22.1m | — | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | $227.5m | |
| Payments for Repurchase of Common Stock | $86.0m | $99.4m | $105.9m | $101.8m | $46.6m | $123.2m | $148.9m | $142.3m | $98.4m | $13.5m | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | $0 | $2.5m | $4.5m | $0 | $3.5m | |
| Dividends paid | — | — | $47.3m | $48.4m | $12.5m | $49.2m | $66.0m | $63.2m | $61.0m | $61.0m | |
| Net Cash Provided by (Used in) Financing Activities | ($95.5m) | ($90.3m) | ($145.8m) | ($142.2m) | ($57.1m) | ($184.7m) | ($215.8m) | ($200.9m) | ($167.9m) | $157.1m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $216k | $1.5m | $37k | ($2.4m) | $1.5m | ($5.4m) | $4.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | $216k | $1.5m | ($28.4m) | $55.2m | ($70.1m) | ($14.7m) | ($77.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $219.5m | $274.7m | $204.6m | $189.9m | $112.4m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | — | — | — | — | $0 | $0 | $11.7m | |
| Income Taxes Paid, Net | $55.4m | $62.0m | $37.1m | $29.6m | $5.1m | $46.8m | $65.4m | $45.5m | $51.1m | $46.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.