WSM FY 2018 Earnings Report — Williams-Sonoma, Inc. Revenue & Financial Results | Market Cap Arena

Williams-Sonoma, Inc.WSM

FY 2018 Earnings

Reported April 4, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$5.7B	—	$5.3B	—	7.2%
Op. Income	$436M	—	$454M	—	-3.9%
Gross Margin	37.0%	—	36.5%	—	0.5pp
Net Margin	5.9%	—	4.9%	—	1.0pp
EPS (Diluted)	$2.03	—	$1.55	—	30.7%
Free Cash Flow	$396M	—	$310M	—	27.7%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$3.6B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$5.2B
OPERATING INCOME	$436M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$429M
Income Tax Expense	$96M
Net Income from Continuing Ops	$334M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$334M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$334M
D&A	$189M
EBIT	$436M
EBITDA	$625M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$3.6B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$5.2B
OPERATING INCOME	$436M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$429M
Income Tax Expense	$96M
Net Income from Continuing Ops	$334M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$334M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$334M
D&A	$189M
EBIT	$436M
EBITDA	$625M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$334M
Depreciation & Amortization	$189M
Stock-Based Compensation	$60M
Deferred Income Tax	$24M
Other Non-Cash Items	-$17M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$586M
Capital Expenditure	-$190M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$188M
Net Debt Issuance	$0
Common Stock Repurchased	-$295M
Common Dividends Paid	-$140M
Other Financing Activities	-$14M
NET CASH FROM FINANCING	-$450M
FREE CASH FLOW	$396M
Net Change in Cash	-$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$339M
Short-Term Investments	$0
Net Receivables	$107M
Inventory	$1.1B
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$930M
Goodwill	$85M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$44M
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$2.8B
Account Payables	$527M
Short-Term Debt	$0
Deferred Revenue	$290M
Other Current Liabilities	$73M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$300M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$283M
TOTAL NON-CURRENT LIABILITIES	$582M
TOTAL LIABILITIES	$1.7B
Common Stock	$789.0K
Additional Paid-In Capital	$582M
Retained Earnings	$584M
Treasury Stock	-$235.0K
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$300M
Net Debt	-$39M