Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

RH, consolidated income statement

US$ in thousands

12 months ended:	Jan 28, 2023	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018
Net revenues	3,590,477)	3,758,820)	2,848,626)	2,647,437)	2,505,653)	2,440,174)
Cost of goods sold	(1,778,492)	(1,903,409)	(1,523,095)	(1,552,426)	(1,504,806)	(1,591,107)
Gross profit	1,811,985)	1,855,411)	1,325,531)	1,095,011)	1,000,847)	849,067)
Selling, general and administrative expenses	(1,089,828)	(928,230)	(858,673)	(732,180)	(711,617)	(717,766)
Income from operations	722,157)	927,181)	466,858)	362,831)	289,230)	131,301)
Interest expense	(151,730)	(66,883)	(70,648)	(88,509)	(75,908)	(63,084)
Interest income	38,520)	1,936)	1,398)	1,332)	834)	514)
Interest expense, net	(113,210)	(64,947)	(69,250)	(87,177)	(75,074)	(62,570)
(Gain) loss on extinguishment of debt	(169,578)	(29,138)	152)	(6,472)	(917)	(4,880)
Goodwill and tradename impairment	—)	—)	(20,459)	—)	(32,086)	(33,700)
Other expense, net	(30)	(2,778)	—)	—)	—)	—)
Other expenses	(282,818)	(96,863)	(89,557)	(93,649)	(108,077)	(101,150)
Income before income taxes and equity method investments	439,339)	830,318)	377,301)	269,182)	181,153)	30,151)
Income tax (expense) benefit	91,358)	(133,558)	(104,598)	(48,807)	(30,514)	(27,971)
Income before equity method investments	530,697)	696,760)	272,703)	220,375)	150,639)	2,180)
Share of equity method investments losses	(2,055)	(8,214)	(888)	—)	—)	—)
Net income	528,642)	688,546)	271,815)	220,375)	150,639)	2,180)

Based on: 10-K (reporting date: 2023-01-28), 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03).

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Income statement item	Description	The company
Net revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	RH net revenues increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Income from operations	The net result for the period of deducting operating expenses from operating revenues.	RH income from operations increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Income before income taxes and equity method investments	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	RH income before income taxes and equity method investments increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	RH net income increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

RH (NYSE:RH)

Income Statement