Williams Sonoma (WSM) FY2016 results: revenue $5.1 billion, up 2.2% on the year
Williams Sonoma Inc. (WSM) reported revenue of $5.1 billion for fiscal 2016, the year ended 29 January 2017, up 2.2% on the year before. Net income was $305 million, down 1.5%, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 4 April 2019.
Revenue
$5.1 billion
+2.2% on the year
FY2009FY2016
Operating margin
9.3%
9.8% a year earlier
FY2009FY2016
Net income
$305 million
-1.5% on the year
FY2009FY2016
Diluted EPS
$1.71
+1.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
5,084
4,976
4,699
+2.2%
Gross profit
1,883
1,844
1,801
+2.1%
Gross margin
37.0%
37.1%
38.3%
Selling, general and administrative
1,411
1,356
1,298
+4.1%
Operating income
473
489
502
-3.3%
Operating margin
9.3%
9.8%
10.7%
Pre-tax income
472
488
502
-3.3%
Income tax
167
178
193
-6.4%
Effective tax rate
35.3%
36.5%
38.5%
Net income
305
310
309
-1.5%
Net margin
6.0%
6.2%
6.6%
Diluted EPS
$1.71
$1.69
$1.62
+1.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
525
544
462
-3.6%
Capital expenditure
197
203
205
-2.7%
Free cash flow
327
341
257
-4.0%
Free cash flow margin
6.4%
6.9%
5.5%
Cash from investing
-197
n/a
n/a
Cash from financing
-306
n/a
n/a
Depreciation and amortisation
173
168
162
+3.2%
Share-based compensation
51.1
41.4
44.6
+23.6%
Buybacks
151
225
224
-32.8%
Dividends paid
134
128
126
+4.6%
Dividend per share
$0.74
$0.70
$0.66
+5.7%
Diluted shares, weighted
179m
184m
190m
-2.9%
Shares outstanding at period end
175m
179m
184m
-2.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,248
1,198
1,225
+4.2%
Debt
0.0
0.0
2.0
Other liabilities
1,229
1,219
1,104
+0.8%
Total liabilities and equity
2,477
2,417
2,330
+2.5%
Fixed assets
923
887
883
+4.1%
Goodwill
18.7
18.7
18.7
-0.1%
Cash and equivalents
214
194
223
+10.4%
Receivables
88.8
79.3
67.5
+12.0%
Inventory
978
978
888
-0.1%
Other assets
255
261
250
-2.3%
Total assets
2,477
2,417
2,330
+2.5%
10-K for the year ended 29 January 2017, filed 4 April 2019: the filing.