Steven Madden (SHOO) FY2018 results: revenue $1.7 billion, up 7.1% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $1.7 billion for fiscal 2018, the year ended 31 December 2018, up 7.1% on the year before. Net income was $129 million, up 9.5%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.7 billion
+7.1% on the year
FY2011FY2018
Operating margin
10.3%
10.8% a year earlier
FY2011FY2018
Net income
$129 million
+9.5% on the year
FY2011FY2018
Diluted EPS
$1.50
+10.3% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
1,678
1,567
1,400
+7.1%
Cost of revenue
1,038
968
878
+7.1%
Gross profit
640
599
522
+6.9%
Gross margin
38.2%
38.2%
37.3%
Operating income
173
170
169
+2.1%
Operating margin
10.3%
10.8%
12.1%
Pre-tax income
177
172
171
+2.9%
Income tax
46.8
53.2
49.7
-11.9%
Effective tax rate
26.4%
30.9%
29.1%
Net income
129
118
121
+9.5%
Net margin
7.7%
7.5%
8.6%
Diluted EPS
$1.50
$1.36
$1.35
+10.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
154
158
154
-2.3%
Capital expenditure
12.4
14.8
15.9
-15.7%
Free cash flow
142
143
138
-0.9%
Free cash flow margin
8.5%
9.1%
9.8%
Cash from investing
11.1
-13.4
-3.9
Cash from financing
-146
-90.3
-95.5
Depreciation and amortisation
22.5
21.4
21.1
+5.1%
Share-based compensation
21.1
20.8
19.5
+1.1%
Buybacks
106
99.4
86.0
+6.6%
Dividends paid
47.3
0.0
0.0
Dividend per share
$0.53
$0.00
$0.00
Diluted shares, weighted
86m
87m
89m
-0.7%
Shares outstanding at period end
86m
88m
91m
-2.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
806
803
741
+0.4%
Non-controlling interest
8.9
6.1
0.2
+45.1%
Debt
0.0
0.0
n/a
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
258
248
220
+3.9%
Total liabilities and equity
1,073
1,057
961
+1.5%
Fixed assets
64.8
71.5
72.4
-9.4%
Goodwill
148
149
136
-0.3%
Intangible assets
143
151
144
-5.3%
Investments
67.0
93.5
110
-28.4%
Cash and equivalents
200
181
126
+10.4%
Receivables
241
201
144
+19.8%
Inventory
137
110
120
+24.4%
Other assets
70.7
99.3
108
-28.8%
Total assets
1,073
1,057
961
+1.5%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.