WSM FY 2023 Earnings Report — Williams-Sonoma, Inc. Revenue & Financial Results | Market Cap Arena

Williams-Sonoma, Inc.WSM

FY 2023 Earnings

Reported March 20, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$7.8B	—	$8.7B	—	-10.6%
Op. Income	$1.2B	—	$1.5B	—	-17.0%
Gross Margin	42.6%	—	42.4%	—	0.2pp
Net Margin	12.3%	—	13.0%	—	-0.7pp
EPS (Diluted)	$7.28	—	$8.16	—	-10.8%
Free Cash Flow	$1.5B	—	$699M	—	113.5%

Revenue Flow

Item	Amount
REVENUE	$7.8B
Cost of Revenue	$4.4B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$6.5B
OPERATING INCOME	$1.2B
Interest Income	$29M
Interest Expense	$0
Other Income/Expenses	$29M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$324M
Net Income from Continuing Ops	$950M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$950M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$950M
D&A	$233M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$7.8B
Cost of Revenue	$4.4B
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$2.1B
Other Expenses	$0
Operating Expenses	$2.1B
Cost & Expenses	$6.5B
OPERATING INCOME	$1.2B
Interest Income	$29M
Interest Expense	$0
Other Income/Expenses	$29M
INCOME BEFORE TAX	$1.3B
Income Tax Expense	$324M
Net Income from Continuing Ops	$950M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$950M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$950M
D&A	$233M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$950M
Depreciation & Amortization	$233M
Stock-Based Compensation	$85M
Deferred Income Tax	-$29M
Other Non-Cash Items	$274M
Change in Working Capital	$168M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$188M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$201.0K
NET CASH FROM INVESTING	-$188M
Net Debt Issuance	$0
Common Stock Repurchased	-$313M
Common Dividends Paid	-$232M
Other Financing Activities	-$53M
NET CASH FROM FINANCING	-$598M
FREE CASH FLOW	$1.5B
Net Change in Cash	$895M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$0
Net Receivables	$123M
Inventory	$1.2B
Other Current Assets	$29M
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$2.2B
Goodwill	$77M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$111M
Other Non-Current Assets	$123M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$5.3B
Account Payables	$608M
Short-Term Debt	$0
Deferred Revenue	$574M
Other Current Liabilities	$103M
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$109M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$3.1B
Common Stock	$642.0K
Additional Paid-In Capital	$589M
Retained Earnings	$1.6B
Treasury Stock	-$1M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$1.4B
Net Debt	$129M