Pottery Barn 2011 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 Jan. 29, 2012 Jan. 30, 2011 Jan. 31, 2010
Net revenues $3,720,895 $3,504,158 $3,102,704
Cost of goods sold 2,261,039 2,130,299 1,999,467
Gross margin 1,459,856 1,373,859 1,103,237
Selling, general and administrative expenses 1,078,124 1,050,445 981,795
Operating income 381,732 323,414 121,442
Interest (income) expense, net (98) 354 1,153
Earnings before income taxes 381,830 323,060 120,289
Income taxes 144,899 122,833 42,847
Net earnings $ 236,931 $ 200,227 $ 77,442
Basic earnings per share $ 2.27 $ 1.87 $ 0.73
Diluted earnings per share $ 2.22 $ 1.83 $ 0.72
Shares used in calculation of earnings per share:
Basic 104,352 106,956 105,763
Diluted 106,582 109,522 107,373
See Notes to Consolidated Financial Statements.
41
Form 10-K