WSM FY 2019 Earnings Report — Williams-Sonoma, Inc. Revenue & Financial Results | Market Cap Arena

Williams-Sonoma, Inc.WSM

FY 2019 Earnings

Reported March 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$5.9B	—	$5.7B	—	4.0%
Op. Income	$466M	—	$436M	—	6.9%
Gross Margin	36.3%	—	37.0%	—	-0.8pp
Net Margin	6.0%	—	5.9%	—	0.2pp
EPS (Diluted)	$2.25	—	$2.03	—	10.9%
Free Cash Flow	$421M	—	$396M	—	6.3%

Revenue Flow

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$3.8B
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	$5.4B
OPERATING INCOME	$466M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$457M
Income Tax Expense	$101M
Net Income from Continuing Ops	$356M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$356M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$356M
D&A	$188M
EBIT	$466M
EBITDA	$654M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$5.9B
Cost of Revenue	$3.8B
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	$5.4B
OPERATING INCOME	$466M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$457M
Income Tax Expense	$101M
Net Income from Continuing Ops	$356M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$356M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$356M
D&A	$188M
EBIT	$466M
EBITDA	$654M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$356M
Depreciation & Amortization	$188M
Stock-Based Compensation	$64M
Deferred Income Tax	-$3M
Other Non-Cash Items	$210M
Change in Working Capital	-$208M
OPERATING CASH FLOW	$607M
Capital Expenditure	-$186M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$728.0K
NET CASH FROM INVESTING	-$186M
Net Debt Issuance	$0
Common Stock Repurchased	-$149M
Common Dividends Paid	-$151M
Other Financing Activities	-$28M
NET CASH FROM FINANCING	-$327M
FREE CASH FLOW	$421M
Net Change in Cash	$93M

Balance Sheet

Item	Amount
Cash & Equivalents	$432M
Short-Term Investments	$0
Net Receivables	$112M
Inventory	$1.1B
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$2.1B
Goodwill	$85M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$48M
Other Non-Current Assets	$70M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$4.1B
Account Payables	$521M
Short-Term Debt	$300M
Deferred Revenue	$290M
Other Current Liabilities	$73M
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$114M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$2.8B
Common Stock	$772.0K
Additional Paid-In Capital	$606M
Retained Earnings	$645M
Treasury Stock	-$941.0K
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$1.6B
Net Debt	$1.2B