Sotheby's Annual Income Statement (NYSE:BID)

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$36.4 $0.33 (0.91%) BID stock closing price Oct 24, 2016 (Closing)

Looking at financial statements, along with the Sotheby's stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. Like any other income statement, the BID income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue growth of $23.44M when compared to the same period in the past. Along with Sotheby's assets and Sotheby's free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have decreased from $117.79M YoY and 2015 revenue is $961.49M. Sotheby's revenue for 2015 is $961.49M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Sotheby's Net Sales or Revenues
Cost Of Goods Sold (COGS)218.78M163.3M114.9M86.78M93.24M85.82M67.94M157.38M129.56M80.18M
Sotheby's Gross Profit
Research & Development Expense----------
Selling General & Admin Expense521.5M528.13M496.76M449.34M449.51M397.99M342.31M434.9M480.05M364.68M
Income Before Depreciation Depletion Amortization221.2M246.61M242M232.36M289.07M290.49M74.69M99.26M308.11M219.94M
Depreciation Depletion Amortization19.48M20.57M19.43M17.94M17.6M16.49M21.56M24.84M22.1M22.78M
Non Operating Income0.32M2.16M5.83M-10.55M1.41M-1.6M7.96M10.74M25.63M3.29M
Interest Expense32.74M35.18M42.71M44.42M41.49M46.81M45.7M36.68M28.62M33.03M
Sotheby's Pretax Income
Provision for Income Taxes131.14M75.76M55.7M51.39M60.03M65.27M22.16M22.34M72.51M60.05M
Minority Interest-0.24M0.19M--------
Investment Gains Losses5.32M0.73M0.01M0.25M0.05M0.64M0.23M2.13M--
Other Income--------2.63M-
Income Before Extraordinaries & Disc Operations43.48M117.99M130M108.29M171.41M160.95M-6.52M28.26M213.13M107.35M
Extraordinary Items & Discontinued Operations----------0.31M
Sotheby's Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS69.41M69.61M68.42M68.11M68.02M67.91M65.28M64.25M63.81M60.48M
Average Shares used to compute Basic EPS68.32M69.02M68.42M68.11M68.02M67.91M65.28M64.25M63.81M60.48M
Income Before Nonrecurring Items143.13M142.4M123.16M118.06M161.89M160.95M3.12M34.07M205.56M107.36M
Income from Nonrecurring Items-99.4M-24.6M6.84M-9.76M9.52M--9.65M-5.8M7.58M-
Sotheby's Earnings Per Share Basic Net
Sotheby's Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items2.072.031.781.712.322.340.040.523.221.73
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.404.740.200.420.230.200.300.600.500.20
All figures in USD. M: Millions of USD, B: Billions of USD.

The key things to look for in an income statement while doing Sotheby's stock analysis are:
  • Topline: A growing topline, as seen from the Sotheby's revenue chart, as is the case with Sotheby's indicates a growing business. One needs to compare the QoQ or YoY topline growth of BID stock with its peers like CPRT stock and RBA stock to see if the growth compares well with what can be expected for a company in that industry.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. BID stock had a healthy bottom line growth.
The income statement is also called statement of revenue and expense. The financials along with Sotheby's historical stock prices provides a lot of details about the firm. .

Sotheby's Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield