Sotheby's Annual Income Statement (NYSE:BID)

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$56.54 $0.17 (0.3%) BID stock closing price Jul 20, 2017 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Sotheby's stock price. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. 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 decline of $156.12M 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 increased from $43.72M YoY and 2016 revenue is $805.37M. Sotheby's revenue for 2016 is $805.37M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Sotheby's Net Sales or Revenues
805.37M961.49M938.05M853.67M768.49M831.83M774.3M484.95M691.55M917.72M
Cost Of Goods Sold (COGS)172.84M218.78M163.3M114.9M86.78M93.24M85.82M67.94M157.38M129.56M
Sotheby's Gross Profit
632.53M742.7M774.75M738.77M681.7M738.59M688.48M417.01M534.17M788.16M
Research & Development Expense----------
Selling General & Admin Expense488.1M521.5M528.13M496.76M449.34M449.51M397.99M342.31M434.9M480.05M
Income Before Depreciation Depletion Amortization144.43M221.2M246.61M242M232.36M289.07M290.49M74.69M99.26M308.11M
Depreciation Depletion Amortization21.81M19.48M20.57M19.43M17.94M17.6M16.49M21.56M24.84M22.1M
Non Operating Income4.42M0.32M2.16M5.83M-10.55M1.41M-1.6M7.96M10.74M25.63M
Interest Expense30.31M32.74M35.18M42.71M44.42M41.49M46.81M45.7M36.68M28.62M
Sotheby's Pretax Income
96.73M169.29M193.02M185.69M159.43M231.38M225.57M15.39M48.47M283.01M
Provision for Income Taxes25.95M131.14M75.76M55.7M51.39M60.03M65.27M22.16M22.34M72.51M
Minority Interest-0.07M-0.24M0.19M-------
Investment Gains Losses3.26M5.32M0.73M0.01M0.25M0.05M0.64M0.23M2.13M-
Other Income---------2.63M
Income Before Extraordinaries & Disc Operations74.03M43.48M117.99M130M108.29M171.41M160.95M-6.52M28.26M213.13M
Extraordinary Items & Discontinued Operations----------
Sotheby's Net Income (Profit/Loss)
74.11M43.72M117.79M130M108.29M171.41M160.95M-6.52M28.26M213.13M
Average Shares used to compute Diluted EPS57.9M69.41M69.61M68.42M68.11M68.02M67.91M65.28M64.25M63.81M
Average Shares used to compute Basic EPS57.9M68.32M69.02M68.42M68.11M68.02M67.91M65.28M64.25M63.81M
Income Before Nonrecurring Items99.62M143.13M142.4M123.16M118.06M161.89M160.95M3.12M34.07M205.56M
Income from Nonrecurring Items-25.5M-99.4M-24.6M6.84M-9.76M9.52M--9.65M-5.8M7.58M
Sotheby's Earnings Per Share Basic Net
1.280.641.691.901.592.522.37-0.100.443.34
Sotheby's Earnings Per Share Diluted Net
1.270.631.681.881.572.462.34-0.100.433.34
EPS Diluted Before Nonrecurring Items1.712.072.031.781.712.322.340.040.523.22
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common-0.404.740.200.420.230.200.300.600.50
All figures in USD. M: Millions of USD, B: Billions of USD.
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BID
The key things to look for in an income statement while doing Sotheby's stock analysis are:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Sotheby's revenue chart) implies that the company is growing, which has not been the case with Sotheby's. One must stay away from stocks whose revenues are declining.
  • 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 poor bottom line growth.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Sotheby's historical stock prices to check how the price has moved with time. .

Sotheby's Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
37.1970
PS ratio (
price sales ratio
)
3.3820
Operating margin
-6.9
Net profit margin
-6
Dividend yield
0%