Steven Madden (SHOO) FY2015 results: revenue $1.4 billion, up 5.3% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $1.4 billion for fiscal 2015, the year ended 31 December 2015, up 5.3% on the year before. Net income was $113 million, up 0.9%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2016.
Revenue
$1.4 billion
+5.3% on the year
FY2009FY2015
Operating margin
12.2%
12.6% a year earlier
FY2009FY2015
Net income
$113 million
+0.9% on the year
FY2009FY2015
Diluted EPS
$1.23
+5.1% on the year
FY2009FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
1,405
1,335
1,314
+5.3%
Cost of revenue
905
866
832
+4.5%
Gross profit
500
469
482
+6.7%
Gross margin
35.6%
35.1%
36.7%
Operating income
172
168
204
+2.4%
Operating margin
12.2%
12.6%
15.5%
Pre-tax income
172
171
209
+0.6%
Income tax
58.8
58.8
75.7
+0.1%
Effective tax rate
34.1%
34.3%
36.2%
Net income
113
112
132
+0.9%
Net margin
8.0%
8.4%
10.0%
Diluted EPS
$1.23
$1.17
$1.32
+5.1%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
136
152
155
-10.7%
Capital expenditure
19.5
18.3
20.7
+6.1%
Free cash flow
117
134
135
-13.0%
Free cash flow margin
8.3%
10.0%
10.2%
Cash from investing
-33.7
-108
-40.4
Cash from financing
-110
-143
-104
Depreciation and amortisation
20.8
15.1
13.0
+37.7%
Share-based compensation
18.7
19.3
20.1
-2.9%
Buybacks
136
142
102
-4.6%
Diluted shares, weighted
92m
96m
100m
-4.0%
Shares outstanding at period end
93m
95m
101m
-3.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
678
669
679
+1.4%
Non-controlling interest
0.3
0.3
0.3
-5.5%
Debt
0.0
0.0
0.0
Other liabilities
236
242
201
-2.5%
Total liabilities and equity
914
911
880
+0.3%
Fixed assets
72.0
68.9
56.6
+4.5%
Goodwill
137
155
96.1
-11.4%
Intangible assets
150
140
130
+7.2%
Investments
121
122
112
-0.6%
Cash and equivalents
72.4
81.5
180
-11.1%
Receivables
155
162
144
-4.5%
Inventory
102
92.7
73.7
+10.1%
Other assets
105
89.7
88.6
+17.0%
Total assets
914
911
880
+0.3%
10-K for the year ended 31 December 2015, filed 26 February 2016: the filing.