STEVEN MADDEN, LTD. (SHOO) [Rocket]

In millions, except per share items	Dec-31-22	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K/A
Revenues:
Wholesale	1,589.6	1,366.0	949.6	1,447.0	1,358.5	1,273.9	1,136.8	1,164.9
Retail					295.2	272.2	262.8	240.3
First Cost	0.9	2.3	3.9	7.4	11.2
Other	531.5	497.8	248.4	332.8	12.9	21.0
Total revenues [+]	2,122.0	1,866.1	1,201.8	1,787.2	1,677.7	1,567.1	1,399.6	1,405.2
Products	2,111.3	1,853.9	1,188.9	1,768.1			1,399.6	1,405.2
Revenue growth [+]	13.7%	55.3%	-32.8%	6.5%	7.1%	12.0%	-0.4%	5.3%
Wholesale	16.4%	43.9%	-34.4%	6.5%	6.6%	12.1%	-2.4%	3.3%
Retail					8.4%	3.6%	9.3%	15.9%
First Cost	-61.0%	-39.9%	-47.6%	-33.7%
Unit growth	5.5%	0.9%	-4.0%	-0.9%	11.2%	9.0%	11.8%	5.6%
Cost of goods sold	1,248.2	1,098.6	737.3	1,101.1	1,037.6	968.4	877.6	904.7
Gross profit	873.8	767.5	464.5	686.0	640.2	598.7	522.0	500.5
Gross margin	41.2%	41.1%	38.7%	38.4%	38.2%	38.2%	37.3%	35.6%
Selling, general and administrative	111.3	86.4	58.6	58.0	47.8	41.4	-364.6	-342.4
Other operating expenses	480.9	434.9	393.3	447.1	419.0	387.6	717.4	671.2
EBITDA [+]	302.2	261.4	30.0	202.2	195.9	191.2	190.3	192.4
EBITDA growth	15.6%	770.6%	-85.1%	3.2%	2.5%	0.5%	-1.1%	5.3%
EBITDA margin	14.2%	14.0%	2.5%	11.3%	11.7%	12.2%	13.6%	13.7%
Depreciation	20.6	15.2	17.4	21.3	22.5	16.1	15.6	14.6
EBITA	281.6	246.2	12.7	180.9	173.4	175.0	174.7	177.8
EBITA margin	13.3%	13.2%	1.1%	10.1%	10.3%	11.2%	12.5%	12.7%
Amortization of intangibles						5.2	5.5	6.1
EBIT [+]	281.6	246.2	12.7	180.9	173.4	169.8	169.2	171.6
EBIT growth	14.4%	1843.6%	-93.0%	4.3%	2.1%	0.4%	-1.4%	2.4%
EBIT margin	13.3%	13.2%	1.1%	10.1%	10.3%	10.8%	12.1%	12.2%
Non-recurring items [+]		2.6	44.3	4.1
Asset impairment		2.6	44.3	4.1
Interest income, net [+]	0.7	-1.5	1.6	4.4	0.0	2.5	-1.8	2.2
Interest expense		1.5			0.0		1.8
Interest income	0.7		1.6	4.4		2.5		2.2
Other income (expense), net [+]					4.0		3.6	-1.4
Asset impairment charges						1.0		3.0
Other								-1.4
Pre-tax income	282.3	242.1	-30.0	181.2	177.3	172.3	171.0	172.5
Income taxes	65.1	49.6	-11.7	39.5	46.8	53.2	49.7	58.8
Tax rate	23.1%	20.5%	39.0%	21.8%	26.4%	30.9%	29.1%	34.1%
Minority interest					1.4	1.2	0.4	0.7
Net income	217.2	192.5	-18.3	141.7	129.1	117.9	120.9	112.9
Net margin	10.2%	10.3%	-1.5%	7.9%	7.7%	7.5%	8.6%	8.0%

Basic EPS [+]	$2.78	$2.36	($0.23)	$1.69	$1.50	$1.36	$1.35	$1.85
Growth	18.0%	-1114.2%	-113.7%	13.0%	10.3%	0.5%	-26.7%	5.1%
Diluted EPS [+]	$2.78	$2.36	($0.23)	$1.69	$1.50	$1.36	$1.35	$1.85
Growth	18.0%	-1114.2%	-113.7%	13.0%	10.3%	0.5%	-26.7%	5.1%

Dividends per share [+]	$0.84	$0.60	$0.15	$0.57	$0.53
Growth	40.0%	300.0%	-73.7%	7.5%

Shares outstanding (basic) [+]	78.1	81.6	78.6	83.6	86.1	86.7	89.3	61.1
Growth	-4.4%	3.8%	-6.0%	-2.8%	-0.7%	-2.9%	46.1%	-4.0%
Shares outstanding (diluted) [+]	78.1	81.6	78.6	83.6	86.1	86.7	89.3	61.1
Growth	-4.4%	3.8%	-6.0%	-2.8%	-0.7%	-2.9%	46.1%	-4.0%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.