WSM FY 2020 Earnings Report — Williams-Sonoma, Inc. Revenue & Financial Results | Market Cap Arena

Williams-Sonoma, Inc.WSM

FY 2020 Earnings

Reported March 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$6.8B	—	$5.9B	—	15.0%
Op. Income	$911M	—	$466M	—	95.5%
Gross Margin	38.9%	—	36.3%	—	2.6pp
Net Margin	10.0%	—	6.0%	—	4.0pp
EPS (Diluted)	$4.31	—	$2.25	—	91.6%
Free Cash Flow	$1.1B	—	$421M	—	162.5%

Revenue Flow

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$4.1B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$5.9B
OPERATING INCOME	$911M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$894M
Income Tax Expense	$214M
Net Income from Continuing Ops	$681M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$681M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$681M
D&A	$189M
EBIT	$911M
EBITDA	$1.1B
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$6.8B
Cost of Revenue	$4.1B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$1.7B
Other Expenses	$0
Operating Expenses	$1.7B
Cost & Expenses	$5.9B
OPERATING INCOME	$911M
Interest Income	$0
Interest Expense	$16M
Other Income/Expenses	-$16M
INCOME BEFORE TAX	$894M
Income Tax Expense	$214M
Net Income from Continuing Ops	$681M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$681M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$681M
D&A	$189M
EBIT	$911M
EBITDA	$1.1B
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$681M
Depreciation & Amortization	$189M
Stock-Based Compensation	$73M
Deferred Income Tax	-$13M
Other Non-Cash Items	$243M
Change in Working Capital	$103M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$170M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$629.0K
NET CASH FROM INVESTING	-$169M
Net Debt Issuance	$0
Common Stock Repurchased	-$150M
Common Dividends Paid	-$158M
Other Financing Activities	-$35M
NET CASH FROM FINANCING	-$343M
FREE CASH FLOW	$1.1B
Net Change in Cash	$768M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$144M
Inventory	$1.0B
Other Current Assets	$23M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$2.0B
Goodwill	$85M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$62M
Other Non-Current Assets	$87M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$4.7B
Account Payables	$543M
Short-Term Debt	$299M
Deferred Revenue	$373M
Other Current Liabilities	$86M
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$137M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$3.0B
Common Stock	$764.0K
Additional Paid-In Capital	$638M
Retained Earnings	$1.0B
Treasury Stock	-$599.0K
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$1.5B
Net Debt	$334M