WSM FY 2013 Earnings Report — Williams-Sonoma, Inc. Revenue & Financial Results | Market Cap Arena

Williams-Sonoma, Inc.WSM

FY 2013 Earnings

Reported April 3, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$4.4B	—	$4.0B	—	8.5%
Op. Income	$452M	—	$409M	—	10.5%
Gross Margin	38.8%	—	39.4%	—	-0.6pp
Net Margin	6.4%	—	6.4%	—	0.0pp
EPS (Diluted)	$1.41	—	$1.27	—	11.2%
Free Cash Flow	$260M	—	$159M	—	63.7%

Revenue Flow

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$3.9B
OPERATING INCOME	$452M
Interest Income	$584.0K
Interest Expense	$0
Other Income/Expenses	$584.0K
INCOME BEFORE TAX	$453M
Income Tax Expense	$174M
Net Income from Continuing Ops	$279M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$279M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$279M
D&A	$150M
EBIT	$452M
EBITDA	$602M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.4B
Cost of Revenue	$2.7B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.3B
Other Expenses	$0
Operating Expenses	$1.3B
Cost & Expenses	$3.9B
OPERATING INCOME	$452M
Interest Income	$584.0K
Interest Expense	$0
Other Income/Expenses	$584.0K
INCOME BEFORE TAX	$453M
Income Tax Expense	$174M
Net Income from Continuing Ops	$279M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$279M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$279M
D&A	$150M
EBIT	$452M
EBITDA	$602M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$279M
Depreciation & Amortization	$150M
Stock-Based Compensation	$39M
Deferred Income Tax	-$28M
Other Non-Cash Items	-$23M
Change in Working Capital	$37M
OPERATING CASH FLOW	$454M
Capital Expenditure	-$194M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$191M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$239M
Common Dividends Paid	-$112M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$355M
FREE CASH FLOW	$260M
Net Change in Cash	-$94M

Balance Sheet

Item	Amount
Cash & Equivalents	$330M
Short-Term Investments	$0
Net Receivables	$60M
Inventory	$813M
Other Current Assets	$147M
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$849M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$14M
Other Non-Current Assets	$55M
TOTAL NON-CURRENT ASSETS	$918M
TOTAL ASSETS	$2.3B
Account Payables	$405M
Short-Term Debt	$2M
Deferred Revenue	$228M
Other Current Liabilities	$39M
TOTAL CURRENT LIABILITIES	$861M
Long-Term Debt	$2M
Deferred Revenue NC	$144M
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$218M
TOTAL NON-CURRENT LIABILITIES	$220M
TOTAL LIABILITIES	$1.1B
Common Stock	$941.0K
Additional Paid-In Capital	$523M
Retained Earnings	$729M
Treasury Stock	-$3M
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$4M
Net Debt	-$326M