Steven madden, ltd. (SHOO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

141,722

130,499

119,138

121,274

113,655

112,629

133,285

119,564

97,201

75,725

50,107

Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation

23,170

21,076

20,847

19,509

18,698

19,260

20,141

17,434

11,404

8,271

5,940

Tax benefit from stock based compensation

-

-

-

-

-10,510

-2,978

-4,277

-4,608

-4,154

-4,718

-497

Depreciation and amortization

21,337

22,482

21,389

21,102

20,757

15,077

12,979

12,642

11,060

9,999

9,560

Loss on disposal of fixed assets

-920

-1,220

-1,455

-652

-1,780

-291

-905

-250

-726

-543

1,153

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

4,050

0

1,000

-

-

-

-

-

-

-

-

Impairment of Leasehold

1,883

0

0

-

-

-

-

-

-

-

-

Goodwill, Impairment Loss

-

-

-

0

3,045

0

0

5,932

0

0

-

Deferred taxes

-5,144

2,512

19,274

6,588

-7,271

-4,583

-7,106

-1,528

-1,452

798

-1,928

Accrued interest on note receivable – related party

0

0

0

0

0

0

-

-509

241

281

-198

Increase (Decrease) in Accrued Interest Receivable, Net

40

47

54

63

71

156

0

-

-

-

-

Repayment of Notes Receivable from Related Parties

409

409

409

409

409

409

0

-

-

-

-

Deferred rent expense

0

247

-1,455

-2,565

-440

-2,769

-1,914

-1,538

357

-423

271

Available-for-sale Securities, Gross Realized Gain (Loss)

-5

-189

5

-661

67

677

1,083

2,110

1,254

29

182

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

0

0

-11,206

-425

-5,576

-2,139

0

0

-

-

-

Net benefit in connection with reversal of contingent liability partially offset by acceleration of amortization related to Kate Spade license termination

-1,868

0

0

-

-

-

-

-

-

-

-

Provision for Doubtful Accounts

8,687

12,123

5,470

0

0

-

-

-

2,961

1,576

2,381

Changes in:
Accounts receivable

17,837

-4,966

-22,683

13,617

11,071

144

-33,672

-20,182

16,543

8,266

-5,169

Due from factor

-24,924

39,959

57,268

-11,043

-7,281

-3,734

51,394

31,965

9,336

4,985

-15,939

Increase (Decrease) in Notes Receivable, Current

-

-

-

-

-

-

-

0

-

-

-

Inventories

-8,436

26,923

-21,135

17,744

9,403

1,841

10,013

1,819

9,210

8,804

1,144

Prepaid expenses, prepaid taxes, deposits and other

-9,466

-14,633

-2,403

3,461

-4,784

294

8,484

-1,557

2,068

4,420

1,691

Accounts payable and accrued expenses

11,036

21,249

9,501

15,324

-8,643

3,777

20,837

11,956

-7,551

19,572

10,561

Accrued incentive compensation

-249

828

2,507

1,819

468

-1,910

-135

-9,163

964

3,603

4,445

Other liabilities

-7,415

-5,610

16,350

1,144

2,716

-61

0

-86

-86

-538

638

Net cash provided by operating activities

233,780

154,376

157,935

153,604

135,963

152,329

155,453

143,341

74,968

86,873

64,342

Cash flows from investing activities:
Purchases of property and equipment

18,311

12,450

14,775

15,897

19,459

18,341

20,746

20,102

15,477

3,424

3,399

Purchases of marketable securities

67,935

77,262

61,209

40,451

48,891

137,348

63,310

63,822

17,968

72,663

67,265

Purchase of notes receivable

-

-

-

-

-

-

-

1,562

0

7,004

-

Proceeds from Collection of Notes Receivable

0

0

221

249

466

893

0

-

-

-

-

Payment of contingent liability

-

-

-

-

-

-

-

-

-

1,628

-

Maturity/sale of marketable securities

95,671

100,777

79,141

52,215

43,353

128,663

43,675

46,447

67,885

30,092

17,543

Refundable cash acquired from seller

-

-

-

-

-

-

-

-

-12,004

0

-

Acquisitions

37,173

0

16,795

0

9,129

81,885

0

29,367

89,730

40,602

5,776

Net cash used in investing activities

-27,748

11,065

-13,417

-3,884

-33,660

-108,018

-40,381

-68,406

-43,286

-95,229

-58,897

Cash flows from financing activities:
Advances from factor - net

-

-

-

-

-

-

-

-

-

-

-30,168

Proceeds from Stock Options Exercised

6,212

13,036

16,433

10,713

21,301

4,943

5,802

9,271

4,994

5,082

3,904

Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests

3,248

2,577

0

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Gross

-

-

-

3,759

0

-

-

-

-

-

-

Tax benefit from the exercise of options

-

-

-

-

10,510

2,978

4,277

4,608

4,154

4,718

497

Payments to Noncontrolling Interests

1,444

1,183

0

-

-

-

-

-

-

-

-

business combinations contingent liability payment

0

7,000

7,359

16,402

6,270

8,475

11,481

22,867

4,151

-

-

Payments for Repurchase of Common Stock

101,768

105,924

99,412

86,005

135,637

142,228

102,172

0

0

4,559

-

Payments of Dividends

48,426

47,316

0

0

-

-

-

-

-

-

-

Net cash provided by financing activities

-142,178

-145,810

-90,338

-95,453

-110,096

-142,782

-103,574

-8,988

4,997

5,241

-25,767

Effect of Exchange Rate on Cash and Cash Equivalents

216

-814

919

-566

-1,243

-354

-

-

-

-

-

Net decrease in cash and cash equivalents

64,070

18,817

55,099

53,701

-9,036

-98,825

11,498

65,947

36,679

-3,115

-20,322

Supplemental disclosures of cash flow information:
Interest

25

36

24

222

328

211

128

49

51

4

93

Income taxes

29,552

37,105

61,979

55,384

39,424

49,829

57,147

52,711

59,633

42,651

30,508

Dividend forfeitures related to restricted stock

-

-

-

-

-

-

-

-

-

-2

-1