Name: Williams-Sonoma Inc. (NYSE:WSM) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Assets: Selected Items

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Current Assets: Selected Items

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Williams-Sonoma Inc., consolidated balance sheet: assets

US$ in thousands

	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Cash and cash equivalents	1,262,007)	367,344)	850,338)	1,200,337)	432,162)	338,954)
Accounts receivable, net	122,914)	115,685)	131,683)	143,728)	111,737)	107,102)
Merchandise inventories, net	1,246,369)	1,456,123)	1,246,372)	1,006,299)	1,100,544)	1,124,992)
Prepaid expenses	59,466)	64,961)	69,252)	93,822)	90,426)	101,356)
Other current assets	29,041)	31,967)	26,249)	22,894)	20,766)	21,939)
Current assets	2,719,797)	2,036,080)	2,323,894)	2,467,080)	1,755,635)	1,694,343)
Property and equipment, net	1,013,189)	1,065,381)	920,773)	873,894)	929,038)	929,635)
Operating lease right-of-use assets	1,229,650)	1,286,452)	1,132,764)	1,086,009)	1,166,383)	—)
Deferred income taxes, net	110,656)	81,389)	56,585)	61,854)	47,977)	44,055)
Goodwill	77,306)	77,307)	85,354)	85,446)	85,343)	85,382)
Other long-term assets, net	122,950)	116,407)	106,250)	87,141)	69,666)	59,429)
Long-term assets	2,553,751)	2,626,936)	2,301,726)	2,194,344)	2,298,407)	1,118,501)
Total assets	5,273,548)	4,663,016)	4,625,620)	4,661,424)	4,054,042)	2,812,844)

Based on: 10-K (reporting date: 2024-01-28), 10-K (reporting date: 2023-01-29), 10-K (reporting date: 2022-01-30), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-02-02), 10-K (reporting date: 2019-02-03).

Total assets experienced significant growth over the analyzed six-year period, increasing from 2.81 billion US dollars in February 2019 to 5.27 billion US dollars by January 2024. This expansion reflects a substantial increase in both current and long-term asset bases, indicating a larger overall balance sheet scale.

Current Asset Dynamics: Cash and cash equivalents exhibited notable volatility, with significant peaks in January 2021 (1.20 billion US dollars) and January 2024 (1.26 billion US dollars), contrasted by lower positions in 2019 and 2023. Merchandise inventories showed a general upward trend, peaking at 1.46 billion US dollars in January 2023 before moderating to 1.25 billion US dollars in January 2024. Accounts receivable remained relatively stable throughout the period, while prepaid expenses followed a consistent downward trajectory, falling from 101 million US dollars in 2019 to 59 million US dollars in 2024.
Long-term Asset Evolution: A sharp increase in long-term assets occurred between 2019 and 2020, primarily driven by the introduction of operating lease right-of-use assets, which were recorded at 1.17 billion US dollars in 2020 and remained a dominant component of the asset structure through 2024. Property and equipment, net, remained relatively stable, fluctuating within a range of 873 million to 1.07 billion US dollars. Deferred income taxes, net, grew steadily, increasing from 44 million US dollars in 2019 to 111 million US dollars in 2024.
Other Asset Trends: Other long-term assets demonstrated consistent growth, rising from 59 million US dollars in 2019 to 123 million US dollars in 2024. Goodwill remained nearly constant at approximately 85 million US dollars until January 2023, when it decreased slightly to 77 million US dollars.

The asset composition suggests a shift toward a more asset-heavy balance sheet, largely influenced by the recognition of lease assets and periodic fluctuations in liquidity. The growth in total assets is underpinned by a strategic increase in long-term assets and a volatile but generally higher cash position compared to the 2019 baseline.

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