Pottery Barn 2014 Annual Report Download - page 51

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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Williams-Sonoma, Inc.
Consolidated Statements of Earnings
Fiscal Year Ended
In thousands, except per share amounts
Feb. 1, 2015
(52 Weeks)
Feb. 2, 2014
(52 Weeks)
Feb. 3, 2013
(53 Weeks)
Net revenues $ 4,698,719 $ 4,387,889 $ 4,042,870
Cost of goods sold 2,898,215 2,683,673 2,450,394
Gross profit 1,800,504 1,704,216 1,592,476
Selling, general and administrative expenses 1,298,239 1,252,118 1,183,313
Operating income 502,265 452,098 409,163
Interest (income) expense, net 62 (584) (793)
Earnings before income taxes 502,203 452,682 409,956
Income taxes 193,349 173,780 153,226
Net earnings $ 308,854 $ 278,902 $ 256,730
Basic earnings per share $ 3.30 $ 2.89 $ 2.59
Diluted earnings per share $ 3.24 $ 2.82 $ 2.54
Shares used in calculation of earnings per share:
Basic 93,634 96,669 99,266
Diluted 95,200 98,765 101,051
See Notes to Consolidated Financial Statements.
Williams-Sonoma, Inc.
Consolidated Statements of Comprehensive Income
Fiscal Year Ended
In thousands
Feb. 1, 2015
(52 Weeks)
Feb. 2, 2014
(52 Weeks)
Feb. 3, 2013
(53 Weeks)
Net earnings $ 308,854 $ 278,902 $ 256,730
Other comprehensive income (loss):
Foreign currency translation adjustments (9,305) (7,850) 1,043
Change in fair value of derivative financial instruments, net of tax 806 870 0
Reclassification adjustment for realized gains on derivative
financial instruments (573) (129) 0
Comprehensive income $ 299,782 $ 271,793 $ 257,773
See Notes to Consolidated Financial Statements.
37
Form 10-K