Pottery Barn 2007 Annual Report Download - page 49

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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
Feb. 3, 2008
(53 Weeks)
Jan. 28, 2007
(52 Weeks)
Jan. 29, 2006
(52 Weeks)
Net revenues $3,944,934 $3,727,513 $3,538,947
Cost of goods sold 2,408,963 2,240,226 2,103,465
Gross margin 1,535,971 1,487,287 1,435,482
Selling, general and administrative expenses 1,222,573 1,159,786 1,090,392
Interest income (5,041) (11,810) (5,683)
Interest expense 2,099 2,125 1,975
Earnings before income taxes 316,340 337,186 348,798
Income taxes 120,583 128,318 133,932
Net earnings $ 195,757 $ 208,868 $ 214,866
Basic earnings per share $ 1.79 $ 1.83 $ 1.86
Diluted earnings per share $ 1.76 $ 1.79 $ 1.81
Shares used in calculation of earnings per share:
Basic 109,273 114,020 115,616
Diluted 111,447 116,773 118,427
See Notes to Consolidated Financial Statements.
39
Form 10-K