Steven Madden (SHOO) FY2016 results: revenue $1.4 billion, down 0.4% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $1.4 billion for fiscal 2016, the year ended 31 December 2016, down 0.4% on the year before. Net income was $121 million, up 7.1%, and diluted earnings per share $1.35. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$1.4 billion
-0.4% on the year
FY2009FY2016
Operating margin
12.1%
12.2% a year earlier
FY2009FY2016
Net income
$121 million
+7.1% on the year
FY2009FY2016
Diluted EPS
$1.35
+9.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
1,400
1,405
1,335
-0.4%
Cost of revenue
878
905
866
-3.0%
Gross profit
522
500
469
+4.3%
Gross margin
37.3%
35.6%
35.1%
Operating income
169
172
168
-1.4%
Operating margin
12.1%
12.2%
12.6%
Pre-tax income
171
172
171
-0.9%
Income tax
49.7
58.8
58.8
-15.4%
Effective tax rate
29.1%
34.1%
34.3%
Net income
121
113
112
+7.1%
Net margin
8.6%
8.0%
8.4%
Diluted EPS
$1.35
$1.23
$1.17
+9.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
154
136
152
+13.0%
Capital expenditure
15.9
19.5
18.3
-18.3%
Free cash flow
138
117
134
+18.2%
Free cash flow margin
9.8%
8.3%
10.0%
Cash from investing
-3.9
-33.7
-108
Cash from financing
-95.5
-110
-143
Depreciation and amortisation
21.1
20.8
15.1
+1.7%
Share-based compensation
19.5
18.7
19.3
+4.3%
Buybacks
86.0
136
142
-36.6%
Dividends paid
0.0
n/a
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
89m
92m
96m
-2.6%
Shares outstanding at period end
91m
93m
95m
-2.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
741
678
669
+9.2%
Non-controlling interest
0.2
0.3
0.3
-20.8%
Debt
n/a
0.0
0.0
Other liabilities
220
236
242
-6.8%
Total liabilities and equity
961
914
911
+5.1%
Fixed assets
72.4
72.0
68.9
+0.5%
Goodwill
136
137
155
-1.0%
Intangible assets
144
150
140
-3.6%
Investments
110
121
122
-9.0%
Cash and equivalents
126
72.4
81.5
+74.2%
Receivables
144
155
162
-7.1%
Inventory
120
102
92.7
+17.4%
Other assets
108
105
89.7
+3.2%
Total assets
961
914
911
+5.1%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.