Pottery Barn 2006 Annual Report Download - page 52

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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. 28, 2007 Jan. 29, 2006 Jan. 30, 2005
Net revenues $3,727,513 $3,538,947 $3,136,931
Cost of goods sold 2,240,226 2,103,465 1,865,786
Gross margin 1,487,287 1,435,482 1,271,145
Selling, general and administrative expenses 1,159,786 1,090,392 961,176
Interest income (11,810) (5,683) (1,939)
Interest expense 2,125 1,975 1,703
Earnings before income taxes 337,186 348,798 310,205
Income taxes 128,318 133,932 118,971
Net earnings $ 208,868 $ 214,866 $ 191,234
Basic earnings per share $ 1.83 $ 1.86 $ 1.65
Diluted earnings per share $ 1.79 $ 1.81 $ 1.60
Shares used in calculation of earnings per share:
Basic 114,020 115,616 116,159
Diluted 116,773 118,427 119,347
See Notes to Consolidated Financial Statements.
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