Steven Madden (SHOO) FY2020 results: revenue $1.2 billion, down 32.8% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $1.2 billion for fiscal 2020, the year ended 31 December 2020, down 32.8% on the year before. Net income was -$18 million, and diluted earnings per share $-0.23. The figures are the company's own, from the 10-K it filed with the SEC on 16 March 2021.
Revenue
$1.2 billion
-32.8% on the year
FY2013FY2020
Operating margin
-2.6%
9.9% a year earlier
FY2013FY2020
Net income
-$18 million
FY2013FY2020
Diluted EPS
-$0.23
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
1,202
1,787
1,678
-32.8%
Cost of revenue
737
1,101
1,038
-33.0%
Gross profit
465
686
640
-32.3%
Gross margin
38.7%
38.4%
38.2%
Operating income
-31.6
177
173
Operating margin
-2.6%
9.9%
10.3%
Pre-tax income
-30.0
181
177
Income tax
-11.7
39.5
46.8
Effective tax rate
n/a
21.8%
26.4%
Net income
-18.4
141
129
Net margin
-1.5%
7.9%
7.7%
Diluted EPS
-$0.23
$1.69
$1.50
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
44.2
234
154
-81.1%
Capital expenditure
6.6
18.3
12.4
-64.2%
Free cash flow
37.6
215
142
-82.5%
Free cash flow margin
3.1%
12.1%
8.5%
Cash from investing
-4.9
-27.7
11.1
Cash from financing
-57.1
-142
-146
Depreciation and amortisation
17.4
21.3
22.5
-18.6%
Share-based compensation
22.6
23.2
21.1
-2.3%
Buybacks
46.6
102
106
-54.2%
Dividends paid
12.5
48.4
47.3
-74.3%
Dividend per share
$0.15
$0.57
$0.53
-73.7%
Diluted shares, weighted
79m
84m
86m
-6.0%
Shares outstanding at period end
83m
84m
86m
-1.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
777
829
806
-6.3%
Non-controlling interest
13.8
12.7
8.9
+8.3%
Debt
0.0
0.0
0.0
Operating lease liabilities
98.6
133
0.0
-26.0%
Other liabilities
249
304
258
-18.2%
Total liabilities and equity
1,138
1,279
1,073
-11.0%
Fixed assets
43.3
65.5
64.8
-33.9%
Goodwill
168
171
148
-1.8%
Intangible assets
115
163
143
-29.2%
Investments
39.3
40.5
67.0
-3.0%
Cash and equivalents
248
264
200
-6.1%
Receivables
8.9
216
241
-95.9%
Inventory
101
137
137
-25.9%
Other assets
414
221
70.7
+87.0%
Total assets
1,138
1,279
1,073
-11.0%
10-K for the year ended 31 December 2020, filed 16 March 2021: the filing.