Sotheby's Revenue, Profits - BID Annual Income Statement

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$54.96 $0.13 (0.24%) BID stock closing price Jul 20, 2018 (Closing)

Financial analysis of Sotheby's involves more than just checking the Sotheby's stock price, by looking at the financial statements of the company in detail. 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/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a YOY revenue growth of 22.85% when compared to the same period in the past. Revenue for year 2017 is $989.38M and has increased from $805.37M year on year as is evident when you compare the latest figures in the latest Sotheby's profit and loss statement with those of the prior corresponding period. Also see Sotheby's assets and Sotheby's free cash flow for a complete valuation of BID stock.

View revenue and profit details for latest and last 10 financial years.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Sotheby's Revenues or Net Sales
989.38M805.37M961.49M938.05M853.67M768.49M831.83M774.3M484.95M691.55M
Cost Of Goods Sold (COGS)282.94M172.84M218.78M163.3M114.9M86.78M93.24M85.82M67.94M157.38M
Sotheby's Gross Profit
706.44M632.53M742.7M774.75M738.77M681.7M738.59M688.48M417.01M534.17M
Research & Development Expense----------
Selling General & Admin Expense512.06M488.1M521.5M528.13M496.76M449.34M449.51M397.99M342.31M434.9M
Income Before Depreciation Depletion Amortization194.38M144.43M221.2M246.61M242M232.36M289.07M290.49M74.69M99.26M
Depreciation Depletion Amortization24.05M21.81M19.48M20.57M19.43M17.94M17.6M16.49M21.56M24.84M
Non Operating Income3.56M4.42M-2.16M5.83M-10.55M1.41M-1.6M7.96M10.74M
Interest Expense32.21M30.31M32.74M35.18M42.71M44.42M41.49M46.81M45.7M36.68M
Sotheby's Pretax Income
141.68M96.73M169.29M193.02M185.69M159.43M231.38M225.57M15.39M48.47M
Provision for Income Taxes25.41M25.95M131.14M75.76M55.7M51.39M60.03M65.27M22.16M22.34M
MinorityInterest-0.01M-0.07M-0.24M-------
Investment Gains Losses2.5M3.26M5.32M------2.13M
Other Income----------
Income Before Extraordinaries & Disc Operations118.77M74.03M43.48M117.99M130M108.29M171.41M160.95M-6.52M28.26M
Extraordinary Items & Discontinued Operations----------
Sotheby's Profit/ Loss (Net Income)
118.79M74.11M43.72M117.79M130M108.29M171.41M160.95M-6.52M28.26M
Average Shares used to compute Diluted EPS54M57.9M69.41M69.61M68.42M68.11M68.02M67.91M65.28M64.25M
Average Shares used to compute Basic EPS54M57.9M68.32M69.02M68.42M68.11M68.02M67.91M65.28M64.25M
Income Before Nonrecurring Items121.7M99.62M143.13M142.4M123.16M118.06M161.89M160.95M3.12M34.07M
Income from Nonrecurring Items-2.9M-25.5M-99.4M-24.6M6.84M-9.76M9.52M--9.65M-5.8M
Sotheby's Earnings Per Share Basic Net
2.221.280.641.691.901.592.522.37-0.100.44
Sotheby's Earnings Per Share Diluted Net
2.201.270.631.681.881.572.462.34-0.100.43
EPS Diluted Before Nonrecurring Items2.251.712.072.031.781.712.322.340.040.52
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.000.000.404.740.200.420.230.200.300.60
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Sotheby's stock analysis. An investor must check the following items in an income statement:

  • 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. It has been the case with Sotheby's. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like Sotheby's try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called statement of revenue and expense. The BID financials along with Sotheby's historical stock prices provide a lot of details about the firm.

Sotheby's Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
24
PS Ratio (price sales ratio)
3
Operating Margin
3.5
Dividend Yield
0%