Steven Madden (SHOO) FY2013 results: revenue $1.3 billion, up 7.1% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $1.3 billion for fiscal 2013, the year ended 31 December 2013, up 7.1% on the year before. Net income was $132 million, up 10.3%, and diluted earnings per share $1.32. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$1.3 billion
+7.1% on the year
FY2009FY2013
Operating margin
15.5%
14.6% a year earlier
FY2009FY2013
Net income
$132 million
+10.3% on the year
FY2009FY2013
Diluted EPS
$1.32
+9.6% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
1,314
1,227
969
+7.1%
Cost of revenue
832
771
607
+7.8%
Gross profit
482
456
362
+5.9%
Gross margin
36.7%
37.1%
37.4%
Operating income
204
179
154
+13.9%
Operating margin
15.5%
14.6%
15.9%
Interest expense
n/a
n/a
0.1
Pre-tax income
209
184
159
+13.4%
Income tax
75.7
64.6
61.6
+17.1%
Effective tax rate
36.2%
35.1%
38.8%
Net income
132
120
97.3
+10.3%
Net margin
10.0%
9.7%
10.0%
Diluted EPS
$1.32
$1.20
$0.67
+9.6%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
155
143
75.0
+8.4%
Capital expenditure
20.7
20.1
15.5
+3.2%
Free cash flow
135
123
59.5
+9.3%
Free cash flow margin
10.2%
10.0%
6.1%
Cash from investing
-40.4
-68.4
-43.3
Cash from financing
-104
-9.0
5.0
Depreciation and amortisation
13.0
12.6
11.1
+2.7%
Share-based compensation
20.1
17.4
11.4
+15.5%
Buybacks
102
0.0
0.0
Diluted shares, weighted
100m
99m
146m
+0.9%
Shares outstanding at period end
101m
104m
145m
-2.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
679
627
475
+8.3%
Non-controlling interest
0.3
-0.2
-0.1
Debt
0.0
0.0
0.0
Other liabilities
201
178
165
+13.4%
Total liabilities and equity
880
804
640
+9.5%
Fixed assets
56.6
45.3
31.6
+25.0%
Goodwill
96.1
91.6
75.6
+5.0%
Intangible assets
130
136
98.9
-4.6%
Investments
112
97.5
77.7
+14.7%
Cash and equivalents
180
169
169
+6.8%
Receivables
144
92.2
62.0
+55.8%
Inventory
73.7
63.7
59.6
+15.7%
Other assets
88.6
109
65.6
-19.0%
Total assets
880
804
640
+9.5%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.