| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 24,366 | 2,548 |
| Stock-based compensation | 22,175 | 14,690 |
| Depreciation and amortization | 25,108 | 13,926 |
| Amortization of debt issuance costs | 725 | 480 |
| Loss on disposal of fixed assets | -180 | -1 |
| Impairment of intangibles | 0 | 0 |
| Loss on divestiture of business | 0 | - |
| Change in valuation of contingent payment liability | -2,075 | -2,075 |
| Amortization of inventory step-up and other | -21,267 | 550 |
| Accounts receivable | 11,614 | 7,197 |
| Factor accounts receivable | -17,184 | -59,110 |
| Inventories | 40,673 | -35,004 |
| Prepaid expenses, income tax receivables, prepaid taxes, and other assets | 19,146 | 7,119 |
| Accounts payable, accrued expenses, and other current liabilities | 47,905 | -34,420 |
| Accrued incentive compensation | -10,574 | -11,721 |
| Leases and other liabilities | 3,756 | 15,042 |
| Net cash provided by operating activities | 71,072 | 47,635 |
| Capital expenditures | 32,338 | 17,516 |
| Purchases of short-term investments | 0 | 0 |
| Maturity / sale of short-term investments | 13,410 | 13,410 |
| Acquisition of businesses, net of cash acquired | 371,554 | 371,554 |
| Other investing activities | 2,379 | 2,196 |
| Net cash used in investing activities | -392,861 | -377,856 |
| Common stock purchased for treasury | 8,367 | 8,198 |
| Proceeds from exercise of stock options | 0 | 0 |
| Investment of noncontrolling interest | 3,500 | - |
| Borrowings under credit facilities | 437,500 | 395,000 |
| Repayments under credit facilities | 137,500 | 95,000 |
| Financing costs paid | 8,955 | 8,955 |
| Cash dividends paid on common stock | 45,692 | 30,435 |
| Distribution of noncontrolling interest | 2,946 | 2,946 |
| Net cash provided by / (used in) financing activities | 237,540 | 249,466 |
| Effect of exchange rate changes on cash and cash equivalents | 3,047 | 2,545 |
| Net decrease in cash and cash equivalents | -81,202 | -78,210 |
| Cash and cash equivalents at beginning of period | 189,924 | - |
| Cash and cash equivalents at end of period | 108,722 | - |
STEVEN MADDEN, LTD. (SHOO)
STEVEN MADDEN, LTD. (SHOO)