Williams Sonoma (WSM) FY2019 results: revenue $5.9 billion, up 4.0% on the year
Williams Sonoma Inc. (WSM) reported revenue of $5.9 billion for fiscal 2019, the year ended 2 February 2020, up 4.0% on the year before. Net income was $356 million, up 6.7%, and diluted earnings per share $2.25. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2020.
Revenue
$5.9 billion
+4.0% on the year
FY2012FY2019
Operating margin
7.9%
7.7% a year earlier
FY2012FY2019
Net income
$356 million
+6.7% on the year
FY2012FY2019
Diluted EPS
$2.25
+10.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
5,898
5,672
5,292
+4.0%
Gross profit
2,139
2,101
1,932
+1.8%
Gross margin
36.3%
37.0%
36.5%
Selling, general and administrative
1,673
1,665
1,478
+0.5%
Operating income
466
436
454
+6.9%
Operating margin
7.9%
7.7%
8.6%
Pre-tax income
457
429
452
+6.5%
Income tax
101
95.6
193
+5.6%
Effective tax rate
22.1%
22.3%
42.6%
Net income
356
334
260
+6.7%
Net margin
6.0%
5.9%
4.9%
Diluted EPS
$2.25
$2.02
$1.51
+10.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
607
586
500
+3.6%
Capital expenditure
186
190
190
-2.0%
Free cash flow
421
396
310
+6.3%
Free cash flow margin
7.1%
7.0%
5.9%
Cash from investing
-186
-188
-270
Cash from financing
-327
-450
-51.7
Depreciation and amortisation
188
189
183
-0.6%
Share-based compensation
64.2
59.8
43.0
+7.3%
Buybacks
149
295
196
-49.6%
Dividends paid
151
140
135
+7.4%
Dividend per share
$0.96
$0.86
$0.78
+11.6%
Diluted shares, weighted
158m
165m
172m
-3.8%
Shares outstanding at period end
154m
158m
167m
-2.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,236
1,156
1,204
+6.9%
Debt
300
300
299
+0.1%
Operating lease liabilities
1,095
n/a
n/a
Other liabilities
1,424
1,358
1,283
+4.9%
Total liabilities and equity
4,054
2,813
2,786
+44.1%
Fixed assets
929
930
932
-0.1%
Goodwill
85.3
85.4
18.8
-0.0%
Cash and equivalents
432
339
390
+27.5%
Receivables
112
107
90.1
+4.3%
Inventory
1,101
1,125
1,062
-2.2%
Other assets
1,395
227
293
+515.2%
Total assets
4,054
2,813
2,786
+44.1%
10-K for the year ended 2 February 2020, filed 27 March 2020: the filing.