Steven Madden (SHOO) FY2017 results: revenue $1.6 billion, up 12.0% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $1.6 billion for fiscal 2017, the year ended 31 December 2017, up 12.0% on the year before. Net income was $118 million, down 2.5%, and diluted earnings per share $1.36. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$1.6 billion
+12.0% on the year
FY2010FY2017
Operating margin
10.8%
12.1% a year earlier
FY2010FY2017
Net income
$118 million
-2.5% on the year
FY2010FY2017
Diluted EPS
$1.36
+0.5% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,567
1,400
1,405
+12.0%
Cost of revenue
968
878
905
+10.3%
Gross profit
599
522
500
+14.7%
Gross margin
38.2%
37.3%
35.6%
Operating income
170
169
172
+0.4%
Operating margin
10.8%
12.1%
12.2%
Pre-tax income
172
171
172
+0.8%
Income tax
53.2
49.7
58.8
+7.0%
Effective tax rate
30.9%
29.1%
34.1%
Net income
118
121
113
-2.5%
Net margin
7.5%
8.6%
8.0%
Diluted EPS
$1.36
$1.35
$1.23
+0.5%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
158
154
136
+2.8%
Capital expenditure
14.8
15.9
19.5
-7.1%
Free cash flow
143
138
117
+4.0%
Free cash flow margin
9.1%
9.8%
8.3%
Cash from investing
-13.4
-3.9
-33.7
Cash from financing
-90.3
-95.5
-110
Depreciation and amortisation
21.4
21.1
20.8
+1.4%
Share-based compensation
20.8
19.5
18.7
+6.9%
Buybacks
99.4
86.0
136
+15.6%
Dividends paid
0.0
0.0
n/a
Dividend per share
$0.00
$0.00
n/a
Diluted shares, weighted
87m
89m
92m
-2.9%
Shares outstanding at period end
88m
91m
93m
-2.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
803
741
678
+8.4%
Non-controlling interest
6.1
0.2
0.3
+2,881.0%
Debt
0.0
n/a
0.0
Other liabilities
248
220
236
+12.9%
Total liabilities and equity
1,057
961
914
+10.0%
Fixed assets
71.5
72.4
72.0
-1.2%
Goodwill
149
136
137
+9.5%
Intangible assets
151
144
150
+4.8%
Investments
93.5
110
121
-15.0%
Cash and equivalents
181
126
72.4
+43.7%
Receivables
201
144
155
+39.7%
Inventory
110
120
102
-7.9%
Other assets
99.3
108
105
-8.3%
Total assets
1,057
961
914
+10.0%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.