Steven Madden, Ltd.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $49.0M | $175.9M | $174.0M | $217.2M | $192.5M | $-18.4M | $141.3M | $129.1M |
| Depreciation & Amortization | $33.4M | $20.0M | $15.5M | $20.6M | $15.2M | $17.4M | $21.3M | $22.5M |
| Depreciation | $24.0M | $15.6M | $13.4M | $11.6M | $12.5M | $13.4M | $15.9M | $16.0M |
| Amortization | — | — | — | — | — | — | $6.3M | $5.7M |
| Stock-Based Compensation | $29.6M | $26.5M | $24.1M | $24.4M | $22.3M | $22.6M | $23.2M | $21.1M |
| Net Cash from Operating Activities | $162.2M | $198.1M | $229.2M | $267.9M | $159.5M | $44.2M | $233.8M | $154.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $42.7M | $25.9M | $19.5M | $16.4M | $6.6M | $6.6M | $18.3M | $12.5M |
| Business Acquisitions | $371.6M | $14.0M | $75.3M | $0 | $0 | $0 | $37.2M | $0 |
| Net Cash from Investing Activities | $-400.9M | $-39.5M | $-99.9M | $5.5M | $-3.2M | $-4.9M | $-27.7M | $11.1M |
| Financing Activities | ||||||||
| Dividends Paid | $61.0M | $61.0M | $63.2M | $66.0M | $49.2M | $12.5M | $48.4M | $47.3M |
| Stock Repurchases | $13.5M | $98.4M | $142.3M | $148.9M | $123.2M | $46.6M | $101.8M | $105.9M |
| Net Cash from Financing Activities | $157.1M | $-167.9M | $-200.9M | $-215.8M | $-184.7M | $-57.1M | $-142.2M | $-145.8M |
| Net Change in Cash | $-77.5M | $-14.7M | $-70.1M | $55.2M | $-28.4M | $-16.2M | $64.1M | $18.8M |
| Free Cash Flow | $119.5M | $172.2M | $209.8M | $251.5M | $152.9M | $37.6M | $215.5M | $141.9M |