Williams Sonoma (WSM) FY2015 results: revenue $5.0 billion, up 5.9% on the year
Williams Sonoma Inc. (WSM) reported revenue of $5.0 billion for fiscal 2015, the year ended 31 January 2016, up 5.9% on the year before. Net income was $310 million, up 0.4%, and diluted earnings per share $1.69. The figures are the company's own, from the 10-K it filed with the SEC on 31 March 2016.
Revenue
$5.0 billion
+5.9% on the year
FY2008FY2015
Operating margin
9.8%
10.7% a year earlier
FY2008FY2015
Net income
$310 million
+0.4% on the year
FY2008FY2015
Diluted EPS
$1.69
+4.0% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
4,976
4,699
4,388
+5.9%
Gross profit
1,844
1,801
1,704
+2.4%
Gross margin
37.1%
38.3%
38.8%
Selling, general and administrative
1,356
1,298
1,252
+4.4%
Operating income
489
502
452
-2.7%
Operating margin
9.8%
10.7%
10.3%
Pre-tax income
488
502
453
-2.8%
Income tax
178
193
174
-8.0%
Effective tax rate
36.5%
38.5%
38.4%
Net income
310
309
279
+0.4%
Net margin
6.2%
6.6%
6.4%
Diluted EPS
$1.69
$1.62
$1.41
+4.0%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
544
462
454
+17.8%
Capital expenditure
203
205
194
-0.9%
Free cash flow
341
257
260
+32.8%
Free cash flow margin
6.9%
5.5%
5.9%
Cash from investing
n/a
n/a
-191
Cash from financing
n/a
n/a
-355
Depreciation and amortisation
168
162
150
+3.4%
Share-based compensation
41.4
44.6
38.8
-7.3%
Buybacks
225
224
239
+0.3%
Dividends paid
128
126
112
+1.5%
Dividend per share
$0.70
$0.66
$0.62
+6.1%
Diluted shares, weighted
184m
190m
198m
-3.3%
Shares outstanding at period end
179m
184m
188m
-2.5%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
1,198
1,225
1,256
-2.2%
Debt
0.0
2.0
3.8
Other liabilities
1,219
1,104
1,077
+10.5%
Total liabilities and equity
2,417
2,330
2,337
+3.7%
Fixed assets
887
883
849
+0.4%
Goodwill
18.7
18.7
18.9
-0.2%
Cash and equivalents
194
223
330
-13.1%
Receivables
79.3
67.5
60.3
+17.5%
Inventory
978
888
813
+10.2%
Other assets
261
250
265
+4.1%
Total assets
2,417
2,330
2,337
+3.7%
10-K for the year ended 31 January 2016, filed 31 March 2016: the filing.