STEVEN MADDEN, LTD.
For the period ended Jun 30, 2025. Filed Aug 5, 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.
Jun 30, 2025 · Filed Aug 5, 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
| Six Months Ended June 30, | ||
|---|---|---|
| (in thousands) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net income | $2,548 | $81,510 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation | 14,690 | 12,579 |
| Depreciation and amortization | 13,926 | 9,569 |
| Amortization of debt issuance costs | 480 | — |
| Loss on disposal of fixed assets | 1 | 75 |
| Impairment of intangibles | — | 1,700 |
| Change in valuation of contingent payment liability | (2,075) | 8,200 |
| Other operating activities | (550) | 238 |
| Changes, net of acquisitions, in: | ||
| Accounts receivable | (7,197) | 2,787 |
| Factor accounts receivable | 59,110 | (22,988) |
| Inventories | 35,004 | (10,938) |
| Prepaid expenses, income tax receivables, prepaid taxes, and other assets | (7,119) | (4,700) |
| Accounts payable, accrued expenses, and other current liabilities | (34,420) | 18,122 |
| Accrued incentive compensation | (11,721) | (3,109) |
| Leases and other liabilities | (15,042) | 756 |
| Net cash provided by operating activities | 47,635 | 93,801 |
| Cash flows from investing activities: | ||
| Capital expenditures | (17,516) | (9,272) |
| Purchases of short-term investments | — | (10,510) |
| Maturity / sale of short-term investments | 13,410 | 13,485 |
| Acquisition of businesses, net of cash acquired | (371,554) | (4,259) |
| Other investing activities | (2,196) | 371 |
| Net cash used in investing activities | (377,856) | (10,185) |
| Cash flows from financing activities: | ||
| Common stock repurchased and net settlements of stock awards | (8,198) | (75,549) |
| Proceeds from exercise of stock options | — | 749 |
| Borrowings of long-term debt | 395,000 | — |
| Repayment of long-term debt | (95,000) | — |
| Financing costs paid | (8,955) | — |
| Cash dividends paid on common stock | (30,435) | (30,708) |
| Distribution of noncontrolling interest | (2,946) | — |
| Net cash provided by / (used in) financing activities | 249,466 | (105,508) |
| Effect of exchange rate changes on cash and cash equivalents | 2,545 | (2,291) |
| Net decrease in cash and cash equivalents | (78,210) | (24,183) |
| Cash and cash equivalents – beginning of period | 189,924 | 204,640 |
| Cash and cash equivalents – end of period | $111,714 | $180,457 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the year for: | ||
| Interest | $1,961 | $— |
| Acquisition-related proceeds to certain sellers | $38,819 | $— |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.