Williams Sonoma (WSM) FY2018 results: revenue $5.7 billion, up 7.2% on the year
Williams Sonoma Inc. (WSM) reported revenue of $5.7 billion for fiscal 2018, the year ended 3 February 2019, up 7.2% on the year before. Net income was $334 million, up 28.6%, and diluted earnings per share $2.02. The figures are the company's own, from the 10-K it filed with the SEC on 4 April 2019.
Revenue
$5.7 billion
+7.2% on the year
FY2011FY2018
Operating margin
7.7%
8.6% a year earlier
FY2011FY2018
Net income
$334 million
+28.6% on the year
FY2011FY2018
Diluted EPS
$2.02
+34.1% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
5,672
5,292
5,084
+7.2%
Gross profit
2,101
1,932
1,883
+8.8%
Gross margin
37.0%
36.5%
37.0%
Selling, general and administrative
1,665
1,478
1,411
+12.7%
Operating income
436
454
473
-3.9%
Operating margin
7.7%
8.6%
9.3%
Pre-tax income
429
452
472
-5.1%
Income tax
95.6
193
167
-50.5%
Effective tax rate
22.3%
42.6%
35.3%
Net income
334
260
305
+28.6%
Net margin
5.9%
4.9%
6.0%
Diluted EPS
$2.02
$1.51
$1.71
+34.1%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
586
500
525
+17.3%
Capital expenditure
190
190
197
+0.2%
Free cash flow
396
310
327
+27.7%
Free cash flow margin
7.0%
5.9%
6.4%
Cash from investing
-188
-270
-197
Cash from financing
-450
-51.7
-306
Depreciation and amortisation
189
183
173
+3.1%
Share-based compensation
59.8
43.0
51.1
+39.1%
Buybacks
295
196
151
+50.5%
Dividends paid
140
135
134
+3.9%
Dividend per share
$0.86
$0.78
$0.74
+10.3%
Diluted shares, weighted
165m
172m
179m
-4.3%
Shares outstanding at period end
158m
167m
175m
-5.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,156
1,204
1,248
-4.0%
Debt
300
299
0.0
+0.1%
Other liabilities
1,358
1,283
1,229
+5.8%
Total liabilities and equity
2,813
2,786
2,477
+1.0%
Fixed assets
930
932
923
-0.3%
Goodwill
85.4
18.8
18.7
+353.2%
Cash and equivalents
339
390
214
-13.1%
Receivables
107
90.1
88.8
+18.8%
Inventory
1,125
1,062
978
+6.0%
Other assets
227
293
255
-22.5%
Total assets
2,813
2,786
2,477
+1.0%
10-K for the year ended 3 February 2019, filed 4 April 2019: the filing.