WSM FY 2015 Earnings Report — Williams-Sonoma, Inc. Revenue & Financial Results | Market Cap Arena

Williams-Sonoma, Inc.WSM

FY 2015 Earnings

Reported March 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$5.0B	—	$4.7B	—	5.9%
Op. Income	$489M	—	$502M	—	-2.7%
Gross Margin	37.1%	—	38.3%	—	-1.3pp
Net Margin	6.2%	—	6.6%	—	-0.3pp
EPS (Diluted)	$1.68	—	$1.62	—	3.8%
Free Cash Flow	$341M	—	$257M	—	32.8%

Revenue Flow

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$4.5B
OPERATING INCOME	$489M
Interest Income	$0
Interest Expense	$627.0K
Other Income/Expenses	-$627.0K
INCOME BEFORE TAX	$488M
Income Tax Expense	$178M
Net Income from Continuing Ops	$310M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$310M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$310M
D&A	$168M
EBIT	$489M
EBITDA	$656M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.0B
Cost of Revenue	$3.1B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.4B
Other Expenses	$0
Operating Expenses	$1.4B
Cost & Expenses	$4.5B
OPERATING INCOME	$489M
Interest Income	$0
Interest Expense	$627.0K
Other Income/Expenses	-$627.0K
INCOME BEFORE TAX	$488M
Income Tax Expense	$178M
Net Income from Continuing Ops	$310M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$310M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$310M
D&A	$168M
EBIT	$489M
EBITDA	$656M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$310M
Depreciation & Amortization	$168M
Stock-Based Compensation	$41M
Deferred Income Tax	-$7M
Other Non-Cash Items	-$20M
Change in Working Capital	$52M
OPERATING CASH FLOW	$544M
Capital Expenditure	-$203M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$769.0K
NET CASH FROM INVESTING	-$202M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$225M
Common Dividends Paid	-$128M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	-$369M
FREE CASH FLOW	$341M
Net Change in Cash	-$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$194M
Short-Term Investments	$0
Net Receivables	$79M
Inventory	$978M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$887M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$142M
Other Non-Current Assets	$53M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.4B
Account Payables	$447M
Short-Term Debt	$0
Deferred Revenue	$297M
Other Current Liabilities	$58M
TOTAL CURRENT LIABILITIES	$996M
Long-Term Debt	$0
Deferred Revenue NC	$173M
Deferred Tax Liabilities	-$173M
Other Non-Current Liabilities	$223M
TOTAL NON-CURRENT LIABILITIES	$223M
TOTAL LIABILITIES	$1.2B
Common Stock	$896.0K
Additional Paid-In Capital	$541M
Retained Earnings	$669M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$0
Net Debt	-$194M