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

17,230

53,116

36,111

35,265

12,537

56,319

32,445

29,198

24,767

44,826

29,023

20,522

28,833

43,703

24,842

23,896

25,862

43,094

24,764

19,935

21,158

39,302

28,139

24,030

36,168

44,082

29,503

23,532

32,936

37,813

26,888

21,927

23,786

31,868

23,695

17,852

17,625

22,916

19,799

15,385

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

5,534

6,028

5,937

5,671

5,736

5,105

5,342

4,893

5,167

4,907

5,597

5,176

4,891

4,982

4,709

4,927

5,089

4,527

4,324

4,758

4,667

4,817

4,852

4,924

4,905

4,914

5,171

5,151

4,774

4,710

3,943

4,007

3,067

2,772

3,040

2,525

2,308

2,287

1,860

1,816

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,454

-655

-8,319

-

-491

-509

-631

-

-600

-3,020

-658

-

-1,055

-730

-2,513

-

-337

-3,297

-544

-

-370

-1,985

-527

Depreciation and amortization

5,150

5,424

5,413

5,350

5,313

6,060

5,568

5,541

5,701

5,286

5,181

5,221

5,066

5,361

5,474

5,201

6,817

4,675

4,740

4,525

4,116

3,755

3,832

3,374

3,291

3,087

3,238

3,363

3,538

3,002

3,142

2,960

3,211

3,077

2,563

2,209

2,635

2,342

2,579

2,443

Loss on disposal of fixed assets

-23

-160

-412

-325

-1,196

-38

143

-129

-531

-22

28

-930

-652

0

0

0

-791

-328

-1,270

609

-13

-200

-16

-62

-20

29

6

-920

-75

1

-176

0

-117

-29

-1,043

463

-1,086

0

177

366

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

0

0

5

4,045

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,045

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest on note receivable – related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

19

20

20

19

-568

62

61

176

-58

504

-58

-120

-45

Impairment of intangible

-

383

23

-21

-

-41

2,001

0

-

-1,195

1,967

-962

-

432

2,072

-3,202

-

-2,062

-4,666

-1,998

-

-5,041

3,397

524

-

-1,194

622

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accrued Interest Receivable, Net

11

8

11

10

12

11

12

12

13

14

13

14

15

16

16

16

19

17

54

-19

156

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Notes Receivable from Related Parties

102

103

102

102

102

102

103

102

102

102

102

103

101

103

102

103

103

102

101

103

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent expense

0

0

0

0

-79

20

-73

379

-35

-751

-508

-161

85

-1,714

-732

-204

-92

-45

-403

100

-1,734

-431

-303

-301

-494

-288

-481

-651

-274

-246

-737

-281

-199

-38

400

194

-886

267

146

50

Marketable Securities, Realized Gain (Loss)

-

0

0

-5

-

0

-49

-133

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

5

-

-

-

133

-47

23

9

20

115

3

0

-779

-15

-14

0

96

1,355

-674

-2

-2

947

263

-38

-89

81

1,314

729

-14

0

816

483

-45

-

-

-

-

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

-

-

-

-

-

-

-

-

-3,847

-2,038

-5,321

0

7,623

-1,767

-2,798

-3,483

-2,626

0

-2,950

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

0

-1,868

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for Doubtful Accounts

-

-

-

1,552

-

-

-

0

-2,500

-62

532

7,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,871

-1,391

5,070

2,583

-3,301

2,115

446

609

-1,594

Loss Contingency Accrual, Period Increase (Decrease)

-

-

-

-

-

-

-

-

-

165

-1,586

832

-

-1,563

1,518

0

-

-2,362

-569

427

-

-278

-1,100

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in:
Accounts receivable

9,832

11,914

-11,766

7,857

-14,754

9,751

-19,249

19,286

-11,864

7,727

-4,997

-13,549

16,103

12,867

-1,083

-14,270

-1,647

5,312

-1,734

9,140

-916

30,724

55

-29,719

-35,915

-18,208

-1,479

21,930

-14,011

-1,976

-15

-4,180

-23,487

38,990

9,173

-8,133

10,387

-1,174

-982

35

Due from factor

-81,251

12,495

20,710

23,122

-41,394

36,981

4,475

39,897

-86,498

74,151

28,369

41,246

-84,998

40,422

511

33,022

-84,804

60,645

46,506

-29,628

-65,813

15,397

-584

47,266

-28,368

79,627

19,670

-19,535

-63,360

59,693

13,314

22,318

-43,848

24,629

43,179

-14,624

37,713

-8,846

-16,301

-7,581

Inventories

-9,889

-7,420

30,860

-21,987

-10,244

13,864

39,260

-15,957

-12,730

2,904

24,240

-35,549

7,872

-4,417

36,013

-21,724

-22,189

12,336

2,107

17,149

-15,234

3,461

29,009

-15,395

-25,972

8,361

32,721

-5,097

-20,361

-6,955

37,876

-8,741

-16,091

9,319

10,270

5,712

22,536

-19

-20,502

6,789

Prepaid expenses, prepaid taxes, deposits and other

-5,778

-11,537

11,659

-3,810

-9,399

5,948

-7,639

-3,543

1,808

-8,216

16,912

-12,907

10,663

-9,223

3,522

-1,501

12,358

-5,959

-9,619

-1,564

7,259

-5,945

7,416

-8,436

5,390

5,688

2,593

-5,187

-7,349

3,278

3,428

-914

-261

4,059

-2,282

552

8,636

2,134

-3,656

-2,694

Accounts payable and accrued expenses

27,051

-42,247

74,175

-47,943

2,433

-19,276

58,463

-20,371

-10,324

4,520

61,082

-45,777

-6,007

-4,394

43,380

-17,655

-65,244

22,097

51,500

-16,996

-28,639

6,509

43,217

-17,310

-38,976

18,131

56,250

-14,568

-8,940

-22,785

45,846

-2,165

-47,385

20,848

23,369

-4,383

-6,962

1,718

26,134

-1,318

Accrued incentive compensation

27

4,698

2,624

-7,598

2,726

4,380

644

-6,922

1,070

4,051

3,122

-5,736

97

4,811

1,278

-4,367

468

2,616

1,193

-3,809

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-5,275

-691

-47

-1,402

-5,649

15,427

-15,542

154

17,759

-1,234

7

-182

2,632

-508

-1,882

902

2,716

-2,904

2,904

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

150,622

23,397

75,515

-15,754

107,910

1,539

72,144

-27,217

122,925

-14,464

40,961

8,513

80,140

14,973

43,246

15,245

85,815

-3,635

56,229

-2,446

78,275

6,241

46,253

21,560

97,364

-7,076

38,815

26,350

128,583

-28,299

29,332

13,725

67,583

-14,509

23,475

-1,581

44,481

21,541

7,726

13,125

Cash flows from investing activities:
Purchases of property and equipment

9,100

2,997

2,815

3,399

4,286

2,913

2,305

2,946

3,065

4,038

4,379

3,293

2,989

4,506

4,018

4,384

5,935

5,072

4,783

3,669

5,736

4,583

3,630

4,392

4,380

5,707

6,433

4,226

4,485

7,587

4,760

3,270

3,231

6,273

2,271

3,702

1,144

1,048

564

668

Purchases of marketable securities

30,509

0

16,148

21,278

34,731

793

23,535

18,203

22,067

6,634

27,207

5,301

16,362

10,879

9,713

3,497

20,186

1,612

8,003

19,090

119,928

2,408

5,043

9,969

12,762

4,120

16,838

29,590

14,867

6,226

15,888

26,841

3,985

-1

1,094

12,890

18,322

9,424

38,585

6,332

Purchase of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,523

0

0

3,085

-

-

-

-

-

-

-

-

Payment of contingent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,709

2,076

291

-

-

-

-

-

-

-

-

Maturity/sale of marketable securities

17,914

8,269

42,045

27,443

24,404

9,739

31,543

35,091

11,709

23,283

27,556

16,593

25,390

12,773

9,518

4,534

10,021

7,108

4,703

21,521

16,370

108,392

3,371

530

13,529

14,429

12,499

3,218

6,297

27,935

10,024

2,191

3,000

23,804

29,481

11,600

11,500

8,500

6,092

4,000

Acquisitions

420

36,753

0

0

0

0

0

0

-601

0

0

17,396

0

0

0

0

0

400

-400

9,129

20,471

54,664

0

6,750

0

0

0

0

0

0

0

29,367

-

-

-

-

29,483

0

22,148

-11,029

Net cash used in investing activities

-22,115

-31,481

23,082

2,766

-14,613

6,033

5,703

13,942

-12,822

12,611

-3,809

-9,397

6,039

-2,363

-4,213

-3,347

-15,976

126

-7,443

-10,367

-129,255

46,737

-4,919

-20,581

-3,613

4,602

-10,772

-30,598

-4,456

9,413

-12,700

-60,663

3,292

17,532

-59,118

-4,992

-11,895

-36,158

-33,147

-14,029

Cash flows from financing activities:
Proceeds from Stock Options Exercised

3,606

807

1,077

722

235

1,686

9,596

1,519

5,121

5,663

3,837

1,812

5,844

1,161

30

3,678

147

1,451

2,896

16,807

2,003

1,908

511

521

867

746

3,538

651

2,280

2,041

1,402

3,548

989

520

3,253

232

2,684

485

1,581

332

Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests

1,965

0

0

1,283

2,577

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from the exercise of options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

1,454

655

8,319

1,347

491

509

631

-1

600

3,020

658

310

1,055

730

2,513

-24

337

3,297

544

1,836

370

1,985

527

business combinations contingent liability payment

0

0

0

0

0

0

0

7,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

25,263

25,349

34,002

17,154

55,044

15,778

9,425

25,677

26,186

9,285

30,780

33,161

19,611

25,324

27,036

14,034

31,745

29,736

21,379

52,777

40,477

36,142

36,273

29,336

32,707

36,702

21,622

11,141

0

0

0

0

-

-

-

-

-

-

-

-

Payments of Dividends

12,621

11,818

11,945

12,042

12,169

11,673

11,716

11,758

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Notes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,469

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from factor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,160

3,315

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-32,644

-36,360

-45,983

-27,191

-65,584

-25,765

-11,545

-42,916

-21,065

-5,660

-32,264

-31,349

-22,121

-25,930

-33,563

-13,839

-34,836

-26,831

-30,247

-18,182

-37,127

-38,903

-38,568

-28,184

-35,902

-42,776

-15,064

-9,832

-20,277

3,096

2,132

6,061

-3,186

857

6,550

776

4,520

855

-993

859

Effect of Exchange Rate on Cash and Cash Equivalents

746

-728

-206

404

-219

-255

-700

360

96

182

262

379

-666

-228

-104

432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

96,609

-45,172

52,408

-39,775

27,494

-18,448

65,602

-55,831

89,134

-7,331

5,150

-31,854

63,392

-13,548

5,366

-1,509

33,760

-30,340

18,539

-30,995

-88,461

14,075

2,766

-27,205

57,849

-45,250

12,979

-14,080

103,850

-15,790

18,764

-40,877

67,689

3,880

-29,093

-5,797

37,106

-13,762

-26,414

-45

Supplemental disclosures of cash flow information: