Williams Sonoma (WSM) FY2012 results: revenue $4.0 billion, up 8.7% on the year
Williams Sonoma Inc. (WSM) reported revenue of $4.0 billion for fiscal 2012, the year ended 3 February 2013, up 8.7% on the year before. Net income was $257 million, up 8.4%, and diluted earnings per share $1.27. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2015.
Revenue
$4.0 billion
+8.7% on the year
FY2008FY2012
Operating margin
10.1%
10.3% a year earlier
FY2008FY2012
Net income
$257 million
+8.4% on the year
FY2008FY2012
Diluted EPS
$1.27
+14.4% on the year
FY2008FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
4,043
3,721
3,504
+8.7%
Gross profit
1,592
1,460
1,374
+9.1%
Gross margin
39.4%
39.2%
39.2%
Selling, general and administrative
1,183
1,078
1,050
+9.8%
Operating income
409
382
323
+7.2%
Operating margin
10.1%
10.3%
9.2%
Pre-tax income
410
382
323
+7.4%
Income tax
153
145
123
+5.7%
Effective tax rate
37.4%
37.9%
38.0%
Net income
257
237
200
+8.4%
Net margin
6.4%
6.4%
5.7%
Diluted EPS
$1.27
$1.11
$0.92
+14.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
364
291
356
+25.0%
Capital expenditure
205
130
61.9
+57.6%
Free cash flow
159
161
294
-1.4%
Free cash flow margin
3.9%
4.3%
8.4%
Cash from investing
-207
-158
-64.0
Cash from financing
-236
-259
-178
Depreciation and amortisation
134
131
145
+3.0%
Share-based compensation
31.0
24.3
26.6
+27.6%
Buybacks
155
194
125
-20.2%
Dividends paid
87.8
68.9
59.2
+27.5%
Dividend per share
$0.44
$0.36
$0.29
+20.5%
Diluted shares, weighted
202m
213m
219m
-5.2%
Shares outstanding at period end
195m
201m
210m
-2.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,309
1,255
1,259
+4.3%
Debt
5.5
7.3
8.7
-24.7%
Other liabilities
873
798
864
+9.4%
Total liabilities and equity
2,188
2,061
2,132
+6.2%
Fixed assets
812
735
731
+10.5%
Goodwill
19.0
19.3
n/a
-1.8%
Cash and equivalents
425
503
628
-15.6%
Receivables
63.0
46.0
41.6
+37.0%
Inventory
640
553
513
+15.6%
Other assets
229
205
218
+11.9%
Total assets
2,188
2,061
2,132
+6.2%
10-K for the year ended 3 February 2013, filed 2 April 2015: the filing.