STEVEN MADDEN LTD
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
SHOO$42.84+8.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| September 30,2024 | December 31,2023 | September 30,2023 | |
|---|---|---|---|
| (in thousands, except par value) · (unaudited) · (unaudited) | |||
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $139,414 | $204,640 | $191,804 |
| Short-term investments | 11,064 | 15,173 | 14,641 |
| Accounts receivable, net of allowances of $4,068, $4,828 and $4,513 | 56,297 | 40,246 | 58,538 |
| Factor accounts receivable | 426,408 | 320,723 | 342,871 |
| Inventories | 268,669 | 228,990 | 205,693 |
| Prepaid expenses and other current assets | 28,041 | 29,009 | 24,334 |
| Income tax receivable and prepaid income taxes | 14,950 | 16,051 | 15,702 |
| Total current assets | 944,843 | 854,832 | 853,583 |
| Note receivable – related party | — | — | 100 |
| Property and equipment, net | 52,906 | 47,199 | 44,920 |
| Operating lease right-of-use asset | 148,391 | 122,783 | 113,058 |
| Deposits and other | 20,166 | 16,250 | 10,567 |
| Deferred tax assets | 609 | 609 | 1,570 |
| Goodwill | 181,905 | 180,003 | 168,612 |
| Intangibles, net | 108,308 | 126,267 | 99,817 |
| Total Assets | $1,457,128 | $1,347,943 | $1,292,227 |
| LIABILITIES | |||
| Current liabilities: | |||
| Accounts payable | $225,586 | $161,140 | $140,623 |
| Accrued expenses | 150,067 | 154,751 | 129,754 |
| Operating leases – current portion | 43,812 | 40,342 | 36,521 |
| Income taxes payable | 12,435 | 5,998 | 13,519 |
| Contingent payment liability – current portion | 7,716 | 3,325 | 1,153 |
| Accrued incentive compensation | 13,347 | 12,068 | 10,190 |
| Total current liabilities | 452,963 | 377,624 | 331,760 |
| Contingent payment liability – long-term portion | 11,200 | 9,975 | — |
| Operating leases – long-term portion | 118,674 | 98,536 | 91,916 |
| Deferred tax liabilities | 8,777 | 8,606 | 3,923 |
| Other liabilities | 5,448 | 5,170 | 10,914 |
| Total Liabilities | 597,062 | 499,911 | 438,513 |
| Commitments, contingencies and other (Note M) | |||
| STOCKHOLDERS’ EQUITY | |||
| Preferred stock – $0.0001 par value, 5,000 shares authorized; none issued; Series A Junior Participating preferred stock – $0.0001 par value, 60 shares authorized; none issued | — | — | — |
| Common stock – $0.0001 par value, 245,000 shares authorized,137,221, 136,471 and 136,430 shares issued, 72,192, 73,681 and 74,610 shares outstanding | 7 | 7 | 8 |
| Additional paid-in capital | 607,511 | 586,155 | 579,473 |
| Retained earnings | 1,768,209 | 1,679,500 | 1,659,202 |
| Accumulated other comprehensive loss | (38,259) | (29,046) | (33,428) |
| Treasury stock – 65,029, 62,790 and 61,820 shares at cost | (1,503,545) | (1,407,018) | (1,368,217) |
| Total Steven Madden, Ltd. stockholders’ equity | 833,923 | 829,598 | 837,038 |
| Noncontrolling interest | 26,143 | 18,434 | 16,676 |
| Total stockholders’ equity | 860,066 | 848,032 | 853,714 |
| Total Liabilities and Stockholders’ Equity | $1,457,128 | $1,347,943 | $1,292,227 |
See accompanying notes to condensed consolidated financial statements- unaudited.
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