STEVEN MADDEN, LTD.
For the period ended Mar 31, 2026. Filed May 8, 2026.
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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.
Mar 31, 2026 · Filed May 8, 2026
SHOO$42.53-0.7%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $71,643 | $41,260 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Stock-based compensation | 7,279 | 7,155 |
| Depreciation and amortization | 9,358 | 5,253 |
| Amortization of debt issuance costs | 441 | — |
| Loss on disposal of fixed assets | 100 | 1 |
| Deferred taxes | 32 | 441 |
| Change in valuation of contingent payment liability | 385 | (4,495) |
| Other operating activities | 100 | (843) |
| Changes, net of acquisitions, in: | ||
| Accounts receivable | (6,448) | (23,229) |
| Factor accounts receivable | (35,574) | (38,988) |
| Inventories | 34,266 | 23,866 |
| Prepaid expenses, income tax receivables, prepaid taxes, and other assets | (83,431) | 3,069 |
| Accounts payable, accrued expenses, and other current liabilities | (55,335) | (15,357) |
| Accrued incentive compensation | 595 | (12,419) |
| Leases and other liabilities | 1,252 | (4,546) |
| Net cash used in operating activities | (55,337) | (18,832) |
| Cash flows from investing activities: | ||
| Capital expenditures | (5,901) | (9,847) |
| Maturity / sale of short-term investments | — | 11,038 |
| Other investing activities | — | (2,196) |
| Net cash used in investing activities | (5,901) | (1,005) |
| Cash flows from financing activities: | ||
| Common stock repurchased and net settlements of stock awards | (7,367) | (7,770) |
| Borrowings under credit facilities | 94,000 | — |
| Repayments under credit facilities | (42,000) | — |
| Cash dividends paid on common stock | (15,290) | (15,186) |
| Distribution of noncontrolling interest | (2,924) | (2,946) |
| Net cash provided by / (used in) financing activities | 26,419 | (25,902) |
| Effect of exchange rate changes on cash and cash equivalents | (447) | 577 |
| Net decrease in cash and cash equivalents | (35,266) | (45,162) |
| Cash and cash equivalents – beginning of period | 112,423 | 189,924 |
| Cash and cash equivalents – end of period | $77,157 | $144,762 |
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