Pottery Barn 2004 Annual Report Download - page 44

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Williams-Sonoma, Inc.
Consolidated Statements of Earnings
Fiscal Year Ended
Dollars and shares in thousands, except per share amounts Jan. 30, 2005 Feb. 1, 2004 Feb. 2, 2003
Net revenues $3,136,931 $2,754,368 $2,360,830
Cost of goods sold 1,865,786 1,643,791 1,409,229
Gross margin 1,271,145 1,110,577 951,601
Selling, general and administrative expenses 961,176 855,790 749,299
Interest income (1,939) (873) (1,421)
Interest expense 1,703 22 1,441
Earnings before income taxes 310,205 255,638 202,282
Income taxes 118,971 98,427 77,879
Net earnings $ 191,234 $ 157,211 $ 124,403
Basic earnings per share $ 1.65 $ 1.36 $ 1.08
Diluted earnings per share $ 1.60 $ 1.32 $ 1.04
Shares used in calculation of earnings per share:
Basic 116,159 115,583 115,100
Diluted 119,347 119,016 119,550
See Notes to Consolidated Financial Statements.
37
Form 10-K