Williams Sonoma (WSM) FY2017 results: revenue $5.3 billion, up 4.1% on the year
Williams Sonoma Inc. (WSM) reported revenue of $5.3 billion for fiscal 2017, the year ended 28 January 2018, up 4.1% on the year before. Net income was $260 million, down 15.0%, and diluted earnings per share $1.51. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2020.
Revenue
$5.3 billion
+4.1% on the year
FY2010FY2017
Operating margin
8.6%
9.3% a year earlier
FY2010FY2017
Net income
$260 million
-15.0% on the year
FY2010FY2017
Diluted EPS
$1.51
-11.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,292
5,084
4,976
+4.1%
Gross profit
1,932
1,883
1,844
+2.6%
Gross margin
36.5%
37.0%
37.1%
Selling, general and administrative
1,478
1,411
1,356
+4.8%
Operating income
454
473
489
-4.0%
Operating margin
8.6%
9.3%
9.8%
Pre-tax income
452
472
488
-4.1%
Income tax
193
167
178
+15.8%
Effective tax rate
42.6%
35.3%
36.5%
Net income
260
305
310
-15.0%
Net margin
4.9%
6.0%
6.2%
Diluted EPS
$1.51
$1.71
$1.69
-11.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
500
525
544
-4.8%
Capital expenditure
190
197
203
-3.9%
Free cash flow
310
327
341
-5.3%
Free cash flow margin
5.9%
6.4%
6.9%
Cash from investing
-270
-197
n/a
Cash from financing
-51.7
-306
n/a
Depreciation and amortisation
183
173
168
+5.7%
Share-based compensation
43.0
51.1
41.4
-15.9%
Buybacks
196
151
225
+29.7%
Dividends paid
135
134
128
+1.1%
Dividend per share
$0.78
$0.74
$0.70
+5.4%
Diluted shares, weighted
172m
179m
184m
-3.8%
Shares outstanding at period end
167m
175m
179m
-4.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,204
1,248
1,198
-3.6%
Debt
299
0.0
0.0
Other liabilities
1,283
1,229
1,219
+4.4%
Total liabilities and equity
2,786
2,477
2,417
+12.5%
Fixed assets
932
923
887
+1.0%
Goodwill
18.8
18.7
18.7
+0.8%
Cash and equivalents
390
214
194
+82.6%
Receivables
90.1
88.8
79.3
+1.5%
Inventory
1,062
978
978
+8.6%
Other assets
293
255
261
+14.9%
Total assets
2,786
2,477
2,417
+12.5%
10-K for the year ended 28 January 2018, filed 27 March 2020: the filing.