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.

Williams-Sonoma Inc., consolidated income statement

US$ in thousands

12 months ended:	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Net revenues	7,750,652)	8,674,417)	8,245,936)	6,783,189)	5,898,008)	5,671,593)
Cost of goods sold	(4,447,051)	(4,996,684)	(4,613,973)	(4,146,920)	(3,758,916)	(3,570,580)
Gross profit	3,303,601)	3,677,733)	3,631,963)	2,636,269)	2,139,092)	2,101,013)
Selling, general and administrative expenses	(2,059,408)	(2,179,311)	(2,178,847)	(1,725,572)	(1,673,218)	(1,665,060)
Operating income	1,244,193)	1,498,422)	1,453,116)	910,697)	465,874)	435,953)
Interest income (expense), net	29,162)	2,260)	(1,865)	(16,231)	(8,853)	(6,706)
Earnings before income taxes	1,273,355)	1,500,682)	1,451,251)	894,466)	457,021)	429,247)
Income taxes	(323,593)	(372,778)	(324,914)	(213,752)	(100,959)	(95,563)
Net earnings	949,762)	1,127,904)	1,126,337)	680,714)	356,062)	333,684)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

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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.	Williams-Sonoma Inc. net revenues increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Williams-Sonoma Inc. operating income increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Earnings before income taxes	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.	Williams-Sonoma Inc. earnings before income taxes increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net earnings	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Williams-Sonoma Inc. net earnings increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Williams-Sonoma Inc. (NYSE:WSM)

Income Statement