Steven Madden (SHOO) FY2023 results: revenue $2.0 billion, down 6.6% on the year
Steven Madden, Ltd. (SHOO) reported revenue of $2.0 billion for fiscal 2023, the year ended 31 December 2023, down 6.6% on the year before. Net income was $174 million, down 19.9%, and diluted earnings per share $2.30. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2024.
Revenue
$2.0 billion
-6.6% on the year
FY2016FY2023
Operating margin
10.8%
13.3% a year earlier
FY2016FY2023
Net income
$174 million
-19.9% on the year
FY2016FY2023
Diluted EPS
$2.30
-17.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
229
268
159
-14.4%
Capital expenditure
19.5
16.4
6.6
+19.1%
Free cash flow
210
252
153
-16.6%
Free cash flow margin
10.6%
11.9%
8.2%
Cash from investing
-99.9
5.5
-3.2
Cash from financing
-201
-216
-185
Depreciation and amortisation
15.5
20.6
15.2
-24.7%
Share-based compensation
24.1
24.4
22.3
-1.0%
Buybacks
142
149
123
-4.4%
Dividends paid
63.2
66.0
49.2
-4.3%
Dividend per share
$0.84
$0.84
$0.60
0.0%
Diluted shares, weighted
75m
78m
82m
-4.5%
Shares outstanding at period end
74m
77m
81m
-4.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
830
832
812
-0.2%
Non-controlling interest
18.4
12.3
8.4
+49.7%
Debt
0.0
0.0
0.0
Operating lease liabilities
98.5
79.1
80.1
+24.5%
Other liabilities
401
335
455
+19.8%
Total liabilities and equity
1,348
1,258
1,356
+7.2%
Fixed assets
47.2
40.7
35.8
+16.1%
Goodwill
180
168
168
+7.1%
Intangible assets
126
101
112
+24.8%
Investments
15.2
15.1
44.0
+0.6%
Cash and equivalents
205
275
219
-25.5%
Receivables
4.8
7.7
12.3
-37.5%
Inventory
229
229
255
+0.1%
Other assets
541
422
509
+28.2%
Total assets
1,348
1,258
1,356
+7.2%
10-K for the year ended 31 December 2023, filed 4 March 2024: the filing.