Steven madden, ltd. (SHOO)
CashFlow / TTM
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

141,722

137,029

140,232

136,566

130,499

142,729

131,236

127,814

119,138

123,204

122,081

117,900

121,274

118,303

117,694

117,616

113,655

108,951

105,159

108,534

112,629

127,639

132,419

133,783

133,285

130,053

123,784

121,169

119,564

110,414

104,469

101,276

97,201

91,040

82,088

78,192

75,725

0

0

0

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

23,170

23,372

22,449

21,854

21,076

20,507

20,309

20,564

20,847

20,571

20,646

19,758

19,509

19,707

19,252

18,867

18,698

18,276

18,566

19,094

19,260

19,498

19,595

19,914

20,141

20,010

19,806

18,578

17,434

15,727

13,789

12,886

11,404

10,645

10,160

8,980

8,271

0

0

0

Stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Depreciation and amortization

21,337

21,500

22,136

22,291

22,482

22,870

22,096

21,709

21,389

20,754

20,829

21,122

21,102

22,853

22,167

21,433

20,757

18,056

17,136

16,228

15,077

14,252

13,584

12,990

12,979

13,226

13,141

13,045

12,642

12,315

12,390

11,811

11,060

10,484

9,749

9,765

9,999

0

0

0

Loss on disposal of fixed assets

-920

-2,093

-1,971

-1,416

-1,220

-555

-539

-654

-1,455

-1,576

-1,554

-1,582

-652

-791

-1,119

-2,389

-1,780

-1,002

-874

380

-291

-298

-69

-47

-905

-960

-988

-1,170

-250

-292

-322

-1,189

-726

-1,695

-1,666

-446

-543

0

0

0

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

4,050

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest on note receivable – related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59

78

-509

-467

-426

-269

241

683

564

268

281

0

0

0

Impairment of intangible

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accrued Interest Receivable, Net

40

41

44

45

47

48

51

52

54

56

58

61

63

67

68

106

71

208

191

137

156

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Notes Receivable from Related Parties

409

409

408

409

409

409

409

408

409

408

409

409

409

411

410

409

409

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent expense

0

-79

-59

-132

247

291

-480

-915

-1,455

-1,335

-2,298

-2,522

-2,565

-2,742

-1,073

-744

-440

-2,082

-2,468

-2,368

-2,769

-1,529

-1,386

-1,564

-1,914

-1,694

-1,652

-1,908

-1,538

-1,463

-1,255

-118

357

-330

-25

-279

-423

0

0

0

Marketable Securities, Realized Gain (Loss)

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

0

-

-

-

118

5

167

147

138

-661

-791

-808

-808

67

1,437

777

775

677

269

1,206

1,170

1,083

217

1,268

2,035

2,110

2,029

1,531

1,285

1,254

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-11,206

264

535

3,058

-425

-10,674

-8,907

-9,059

-5,576

0

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

-1,868

-1,868

-1,868

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for Doubtful Accounts

-

-

-

13,675

-

-

-

-2,030

5,470

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,391

2,961

6,467

1,843

-131

1,576

0

0

0

Loss Contingency Accrual, Period Increase (Decrease)

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in:
Accounts receivable

17,837

-6,749

-8,912

-16,395

-4,966

-2,076

-4,100

10,152

-22,683

5,284

10,424

14,338

13,617

-4,133

-11,688

-12,339

11,071

11,802

37,214

39,003

144

-34,855

-83,787

-85,321

-33,672

-11,768

4,464

5,928

-20,182

-29,658

11,308

20,496

16,543

50,417

10,253

98

8,266

0

0

0

Due from factor

-24,924

14,933

39,419

23,184

39,959

-5,145

32,025

55,919

57,268

58,768

25,039

-2,819

-11,043

-10,849

9,374

55,369

-7,281

11,710

-33,538

-80,628

-3,734

33,711

97,941

118,195

51,394

16,402

-3,532

-9,888

31,965

51,477

16,413

46,278

9,336

90,897

57,422

-2,058

4,985

0

0

0

Inventories

-8,436

-8,791

12,493

20,893

26,923

24,437

13,477

-1,543

-21,135

-533

-7,854

3,919

17,744

-12,317

4,436

-29,470

9,403

16,358

7,483

34,385

1,841

-8,897

-3,997

-285

10,013

15,624

308

5,463

1,819

6,089

22,363

-5,243

9,210

47,837

38,499

7,727

8,804

0

0

0

Prepaid expenses, prepaid taxes, deposits and other

-9,466

-13,087

4,398

-14,900

-14,633

-3,426

-17,590

6,961

-2,403

6,452

5,445

-7,945

3,461

5,156

8,420

-4,721

-4,784

-9,883

-9,869

7,166

294

-1,575

10,058

5,235

8,484

-4,255

-6,665

-5,830

-1,557

5,531

6,312

602

2,068

10,965

9,040

7,666

4,420

0

0

0

Accounts payable and accrued expenses

11,036

-13,582

9,389

-6,323

21,249

8,492

32,288

34,907

9,501

13,818

4,904

-12,798

15,324

-43,913

-17,422

-9,302

-8,643

27,962

12,374

4,091

3,777

-6,560

5,062

18,095

20,837

50,873

9,957

-447

11,956

-26,489

17,144

-5,333

-7,551

32,872

13,742

16,507

19,572

0

0

0

Accrued incentive compensation

-249

2,450

2,132

152

828

-828

-1,157

1,321

2,507

1,534

2,294

450

1,819

2,190

-5

-90

468

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-7,415

-7,789

8,329

-7,166

-5,610

17,798

1,137

16,686

16,350

1,223

1,949

60

1,144

1,228

-1,168

3,618

2,716

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

233,780

191,068

169,210

165,839

154,376

169,391

153,388

122,205

157,935

115,150

144,587

146,872

153,604

159,279

140,671

153,654

135,963

128,423

138,299

128,323

152,329

171,418

158,101

150,663

155,453

186,672

165,449

155,966

143,341

82,341

96,131

90,274

74,968

51,866

87,916

72,167

86,873

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

18,311

13,497

13,413

12,903

12,450

11,229

12,354

14,428

14,775

14,699

15,167

14,806

15,897

18,843

19,409

20,174

19,459

19,260

18,771

17,618

18,341

16,985

18,109

20,912

20,746

20,851

22,731

21,058

20,102

18,848

17,534

15,045

15,477

13,390

8,165

6,458

3,424

0

0

0

Purchases of marketable securities

67,935

72,157

72,950

80,337

77,262

64,598

70,439

74,111

61,209

55,504

59,749

42,255

40,451

44,275

35,008

33,298

48,891

148,633

149,429

146,469

137,348

30,182

31,894

43,689

63,310

65,415

67,521

66,571

63,822

52,940

46,713

31,919

17,968

32,305

41,730

79,221

72,663

0

0

0

Purchase of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,562

0

0

0

-

-

-

-

-

-

-

-

Payment of contingent liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Maturity/sale of marketable securities

95,671

102,161

103,631

93,129

100,777

88,082

101,626

97,639

79,141

92,822

82,312

64,274

52,215

36,846

31,181

26,366

43,353

49,702

150,986

149,654

128,663

125,822

31,859

40,987

43,675

36,443

49,949

47,474

46,447

43,150

39,019

58,476

67,885

76,385

61,081

37,692

30,092

0

0

0

Acquisitions

37,173

36,753

0

0

0

-601

-601

-601

16,795

17,396

17,396

17,396

0

0

400

0

9,129

29,600

83,864

84,264

81,885

61,414

6,750

6,750

0

0

0

0

29,367

0

0

0

-

-

-

-

40,602

0

0

0

Net cash used in investing activities

-27,748

-20,246

17,268

-111

11,065

12,856

19,434

9,922

-13,417

5,444

-9,530

-9,934

-3,884

-25,899

-23,410

-26,640

-33,660

-146,939

-100,328

-97,804

-108,018

17,624

-24,511

-30,364

-40,381

-41,224

-36,413

-38,341

-68,406

-60,658

-52,539

-98,957

-43,286

-58,473

-112,163

-86,192

-95,229

0

0

0

Cash flows from financing activities:
Proceeds from Stock Options Exercised

6,212

2,841

3,720

12,239

13,036

17,922

21,899

16,140

16,433

17,156

12,654

8,847

10,713

5,016

5,306

8,172

21,301

23,157

23,614

21,229

4,943

3,807

2,645

5,672

5,802

7,215

8,510

6,374

9,271

7,980

6,459

8,310

4,994

6,689

6,654

4,982

5,082

0

0

0

Noncontrolling Interest, Decrease from Redemptions or Purchase of Interests

3,248

3,860

3,860

3,860

2,577

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from the exercise of options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,510

11,775

10,812

10,666

2,978

1,630

1,739

4,250

4,277

4,588

5,043

2,753

4,608

4,274

3,556

6,123

4,154

6,014

6,047

4,735

4,718

0

0

0

business combinations contingent liability payment

0

0

0

0

7,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

101,768

131,549

121,978

97,401

105,924

77,066

70,573

91,928

99,412

92,837

108,876

105,132

86,005

98,139

102,551

96,894

135,637

144,369

150,775

165,669

142,228

134,458

135,018

120,367

102,172

69,465

32,763

11,141

0

0

0

0

-

-

-

-

-

-

-

-

Payments of Dividends

48,426

47,974

47,829

47,600

47,316

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Notes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances from factor

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-142,178

-175,118

-164,523

-130,085

-145,810

-101,291

-81,186

-101,905

-90,338

-91,394

-111,664

-112,963

-95,453

-108,168

-109,069

-105,753

-110,096

-112,387

-124,459

-132,780

-142,782

-141,557

-145,430

-121,926

-103,574

-87,949

-42,077

-24,881

-8,988

8,103

5,864

10,282

4,997

12,703

12,701

5,158

5,241

0

0

0

Effect of Exchange Rate on Cash and Cash Equivalents

216

-749

-276

-770

-814

-499

-62

900

919

157

-253

-619

-566

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

64,070

-5,045

21,679

34,873

18,817

80,457

91,574

31,122

55,099

29,357

23,140

23,356

53,701

24,069

7,277

20,450

-9,036

-131,257

-86,842

-102,615

-98,825

47,485

-11,840

-1,627

11,498

57,499

86,959

92,744

65,947

29,786

49,456

1,599

36,679

6,096

-11,546

-8,867

-3,115

0

0

0

Supplemental disclosures of cash flow information: