Pottery Barn 2008 Annual Report Download - page 55

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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. 1, 2009
(52 Weeks)
Feb. 3, 2008
(53 Weeks)
Jan. 28, 2007
(52 Weeks)
Net revenues $3,361,472 $3,944,934 $3,727,513
Cost of goods sold 2,226,300 2,408,963 2,240,226
Gross margin 1,135,172 1,535,971 1,487,287
Selling, general and administrative expenses 1,093,019 1,222,573 1,159,786
Interest income (1,280) (5,041) (11,810)
Interest expense 1,480 2,099 2,125
Earnings before income taxes 41,953 316,340 337,186
Income taxes 11,929 120,583 128,318
Net earnings $ 30,024 $ 195,757 $ 208,868
Basic earnings per share $ 0.28 $ 1.79 $ 1.83
Diluted earnings per share $ 0.28 $ 1.76 $ 1.79
Shares used in calculation of earnings per share:
Basic 105,530 109,273 114,020
Diluted 106,880 111,447 116,773
See Notes to Consolidated Financial Statements.
43
Form 10-K