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$42.53-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net income | $41,260 | $44,562 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation | 7,155 | 5,738 |
| Depreciation and amortization | 5,253 | 4,631 |
| Loss on disposal of fixed assets | 1 | 74 |
| Impairment of intangibles | — | 1,700 |
| Deferred taxes | 441 | 410 |
| Change in valuation of contingent payment liability | (4,495) | 1,650 |
| Other operating activities | (843) | 861 |
| Changes, net of acquisitions, in: | ||
| Accounts receivable | (23,229) | (5,681) |
| Factor accounts receivable | (38,988) | (60,006) |
| Inventories | 23,866 | 28,398 |
| Prepaid expenses, income tax receivables, prepaid taxes, and other assets | 3,069 | 6,539 |
| Accounts payable and accrued expenses | (15,357) | (37,160) |
| Accrued incentive compensation | (12,419) | (7,115) |
| Leases and other liabilities | (4,546) | (306) |
| Net cash used in operating activities | (18,832) | (15,705) |
| Cash flows from investing activities: | ||
| Capital expenditures | (9,847) | (3,979) |
| Purchases of short-term investments | — | (790) |
| Maturity/sale of short-term investments | 11,038 | 4,084 |
| Acquisition of business | — | (4,259) |
| Other investing activities | (2,196) | 326 |
| Net cash used in investing activities | (1,005) | (4,618) |
| Cash flows from financing activities: | ||
| Common stock repurchased and net settlements of stock awards | (7,770) | (37,337) |
| Proceeds from exercise of stock options | — | 222 |
| Cash dividends paid on common stock | (15,186) | (15,416) |
| Distribution of noncontrolling interest | (2,946) | — |
| Net cash used in financing activities | (25,902) | (52,531) |
| Effect of exchange rate changes on cash and cash equivalents | 577 | (285) |
| Net decrease in cash and cash equivalents | (45,162) | (73,139) |
| Cash and cash equivalents – beginning of period | 189,924 | 204,640 |
| Cash and cash equivalents – end of period | $144,762 | $131,501 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.