STEVEN MADDEN LTD
For the period ended Mar 31, 2025. Filed May 9, 2025.
View on SEC.govAbout this filing
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.
Mar 31, 2025 · Filed May 9, 2025
SHOO$39.50+1.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
| March 31,2025 | December 31,2024 | March 31,2024 | |
|---|---|---|---|
| (in thousands, except par value) · (unaudited) · (unaudited) | |||
| ASSETS | |||
| Current assets: | |||
| Cash and cash equivalents | $144,762 | $189,924 | $131,501 |
| Short-term investments | 2,480 | 13,484 | 11,556 |
| Accounts receivable, net of allowances of $4,131, $4,670 and $4,874 | 70,830 | 45,653 | 44,457 |
| Factor accounts receivable | 387,706 | 348,659 | 380,613 |
| Inventories | 238,641 | 257,625 | 201,960 |
| Prepaid expenses and other current assets | 34,908 | 34,463 | 28,324 |
| Income tax receivable and prepaid income taxes | 6,686 | 4,887 | 8,883 |
| Total current assets | 886,013 | 894,695 | 807,294 |
| Property and equipment, net | 65,853 | 57,388 | 47,490 |
| Operating lease right-of-use asset | 152,689 | 139,695 | 127,464 |
| Deposits and other | 22,040 | 22,214 | 15,991 |
| Deferred tax assets | 610 | 610 | 609 |
| Goodwill | 187,441 | 183,737 | 180,869 |
| Intangibles, net | 112,555 | 113,432 | 124,436 |
| Total Assets | $1,427,201 | $1,411,771 | $1,304,153 |
| LIABILITIES | |||
| Current liabilities: | |||
| Accounts payable | $217,192 | $206,889 | $170,154 |
| Accrued expenses | 110,327 | 142,452 | 109,173 |
| Operating leases – current portion | 45,526 | 43,172 | 40,020 |
| Income taxes payable | 18,855 | 6,147 | 4,474 |
| Contingent payment liability – current portion | — | — | 3,738 |
| Accrued incentive compensation | 2,654 | 15,061 | 4,953 |
| Total current liabilities | 394,554 | 413,721 | 332,512 |
| Contingent payment liability – long-term portion | 3,070 | 7,565 | 11,212 |
| Operating leases – long-term portion | 120,730 | 109,816 | 102,637 |
| Deferred tax liabilities | 5,067 | 4,628 | 9,016 |
| Other liabilities | 104 | 44 | 5,169 |
| Total Liabilities | 523,525 | 535,774 | 460,546 |
| Commitments, contingencies, and other (Note 13) | |||
| 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,137,867, 137,248 and 136,996 shares issued, 72,575, 72,157 and 73,324 shares outstanding | 7 | 7 | 7 |
| Additional paid-in capital | 621,536 | 614,381 | 592,115 |
| Retained earnings | 1,813,088 | 1,787,851 | 1,708,018 |
| Accumulated other comprehensive loss | (45,288) | (48,291) | (30,549) |
| Treasury stock – 65,292, 65,091 and 63,672 shares at cost | (1,513,999) | (1,506,229) | (1,444,355) |
| Total Steven Madden, Ltd. stockholders’ equity | 875,344 | 847,719 | 825,236 |
| Noncontrolling interest | 28,332 | 28,278 | 18,371 |
| Total stockholders’ equity | 903,676 | 875,997 | 843,607 |
| Total Liabilities and Stockholders’ Equity | $1,427,201 | $1,411,771 | $1,304,153 |
See accompanying notes to condensed consolidated financial statements- unaudited.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.