Steven Madden (SHOO) FY2014 results: revenue $1.3 billion, up 1.6% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $1.3 billion for fiscal 2014, the year ended 31 December 2014, up 1.6% on the year before. Net income was $112 million, down 15.2%, and diluted earnings per share $1.17. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$1.3 billion
+1.6% on the year
FY2009FY2014
Operating margin
12.6%
15.5% a year earlier
FY2009FY2014
Net income
$112 million
-15.2% on the year
FY2009FY2014
Diluted EPS
$1.17
-11.1% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
1,335
1,314
1,227
+1.6%
Cost of revenue
866
832
771
+4.1%
Gross profit
469
482
456
-2.8%
Gross margin
35.1%
36.7%
37.1%
Operating income
168
204
179
-17.7%
Operating margin
12.6%
15.5%
14.6%
Pre-tax income
171
209
184
-18.0%
Income tax
58.8
75.7
64.6
-22.3%
Effective tax rate
34.3%
36.2%
35.1%
Net income
112
132
120
-15.2%
Net margin
8.4%
10.0%
9.7%
Diluted EPS
$1.17
$1.32
$1.20
-11.1%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
152
155
143
-2.0%
Capital expenditure
18.3
20.7
20.1
-11.6%
Free cash flow
134
135
123
-0.5%
Free cash flow margin
10.0%
10.2%
10.0%
Cash from investing
-108
-40.4
-68.4
Cash from financing
-143
-104
-9.0
Depreciation and amortisation
15.1
13.0
12.6
+16.2%
Share-based compensation
19.3
20.1
17.4
-4.4%
Buybacks
142
102
0.0
+39.2%
Diluted shares, weighted
96m
100m
99m
-4.7%
Shares outstanding at period end
95m
101m
104m
-5.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
669
679
627
-1.4%
Non-controlling interest
0.3
0.3
-0.2
-15.2%
Debt
0.0
0.0
0.0
Other liabilities
242
201
178
+20.0%
Total liabilities and equity
911
880
804
+3.5%
Fixed assets
68.9
56.6
45.3
+21.7%
Goodwill
155
96.1
91.6
+61.0%
Intangible assets
140
130
136
+7.8%
Investments
122
112
97.5
+8.7%
Cash and equivalents
81.5
180
169
-54.8%
Receivables
162
144
92.2
+13.2%
Inventory
92.7
73.7
63.7
+25.8%
Other assets
89.7
88.6
109
+1.2%
Total assets
911
880
804
+3.5%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.