Steven Madden (SHOO) FY2019 results: revenue $1.8 billion, up 6.5% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $1.8 billion for fiscal 2019, the year ended 31 December 2019, up 6.5% on the year before. Net income was $141 million, up 9.4%, and diluted earnings per share $1.69. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$1.8 billion
+6.5% on the year
FY2012FY2019
Operating margin
9.9%
10.3% a year earlier
FY2012FY2019
Net income
$141 million
+9.4% on the year
FY2012FY2019
Diluted EPS
$1.69
+12.7% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,787
1,678
1,567
+6.5%
Cost of revenue
1,101
1,038
968
+6.1%
Gross profit
686
640
599
+7.2%
Gross margin
38.4%
38.2%
38.2%
Operating income
177
173
170
+2.0%
Operating margin
9.9%
10.3%
10.8%
Pre-tax income
181
177
172
+2.2%
Income tax
39.5
46.8
53.2
-15.7%
Effective tax rate
21.8%
26.4%
30.9%
Net income
141
129
118
+9.4%
Net margin
7.9%
7.7%
7.5%
Diluted EPS
$1.69
$1.50
$1.36
+12.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
234
154
158
+51.4%
Capital expenditure
18.3
12.4
14.8
+47.1%
Free cash flow
215
142
143
+51.8%
Free cash flow margin
12.1%
8.5%
9.1%
Cash from investing
-27.7
11.1
-13.4
Cash from financing
-142
-146
-90.3
Depreciation and amortisation
21.3
22.5
21.4
-5.1%
Share-based compensation
23.2
21.1
20.8
+9.9%
Buybacks
102
106
99.4
-3.9%
Dividends paid
48.4
47.3
0.0
+2.3%
Dividend per share
$0.57
$0.53
$0.00
+7.5%
Diluted shares, weighted
84m
86m
87m
-2.8%
Shares outstanding at period end
84m
86m
88m
-2.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
829
806
803
+2.8%
Non-controlling interest
12.7
8.9
6.1
+43.5%
Debt
0.0
0.0
0.0
Operating lease liabilities
133
0.0
n/a
Other liabilities
304
258
248
+18.0%
Total liabilities and equity
1,279
1,073
1,057
+19.2%
Fixed assets
65.5
64.8
71.5
+1.1%
Goodwill
171
148
149
+15.7%
Intangible assets
163
143
151
+13.5%
Investments
40.5
67.0
93.5
-39.5%
Cash and equivalents
264
200
181
+32.0%
Receivables
216
241
201
-10.3%
Inventory
137
137
110
-0.3%
Other assets
221
70.7
99.3
+212.7%
Total assets
1,279
1,073
1,057
+19.2%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.