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

Balance Sheet: Assets
Quarterly Data

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.

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Williams-Sonoma Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Apr 28, 2024	Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Nov 1, 2020	Aug 2, 2020	May 3, 2020	Feb 2, 2020	Nov 3, 2019	Aug 4, 2019	May 5, 2019	Feb 3, 2019	Oct 28, 2018	Jul 29, 2018	Apr 29, 2018
Cash and cash equivalents	1,254,786)	1,262,007)	698,807)	514,435)	297,291)	367,344)	113,058)	124,944)	324,835)	850,338)	656,898)	655,211)	639,670)	1,200,337)	773,170)	947,760)	861,002)	432,162)	155,025)	120,467)	107,683)	338,954)	164,414)	174,580)	290,244)
Accounts receivable, net	115,215)	122,914)	124,238)	117,045)	109,203)	115,685)	125,842)	133,500)	122,946)	131,683)	139,511)	141,814)	142,459)	143,728)	129,782)	128,737)	104,829)	111,737)	110,131)	111,114)	102,195)	107,102)	113,582)	106,322)	102,630)
Merchandise inventories, net	1,218,438)	1,246,369)	1,396,864)	1,300,838)	1,401,616)	1,456,123)	1,687,895)	1,542,428)	1,396,135)	1,246,372)	1,272,028)	1,170,561)	1,087,528)	1,006,299)	1,125,475)	1,042,340)	1,070,681)	1,100,544)	1,258,541)	1,187,728)	1,155,427)	1,124,992)	1,197,554)	1,099,888)	1,052,892)
Prepaid expenses	62,752)	59,466)	100,045)	73,521)	62,723)	64,961)	104,208)	102,312)	60,997)	69,252)	85,433)	85,587)	58,837)	93,822)	84,974)	109,495)	90,433)	90,426)	115,288)	117,017)	98,213)	101,356)	94,071)	74,811)	56,333)
Other current assets	22,787)	29,041)	27,381)	26,293)	27,993)	31,967)	29,729)	25,537)	23,939)	26,249)	22,852)	20,537)	20,502)	22,894)	23,556)	27,098)	22,099)	20,766)	20,260)	21,693)	22,128)	21,939)	21,805)	21,891)	21,118)
Current assets	2,673,978)	2,719,797)	2,347,335)	2,032,132)	1,898,826)	2,036,080)	2,060,732)	1,928,721)	1,928,852)	2,323,894)	2,176,722)	2,073,710)	1,948,996)	2,467,080)	2,136,957)	2,255,430)	2,149,044)	1,755,635)	1,659,245)	1,558,019)	1,485,646)	1,694,343)	1,591,426)	1,477,492)	1,523,217)
Property and equipment, net	990,166)	1,013,189)	1,026,819)	1,036,407)	1,050,026)	1,065,381)	1,009,088)	973,676)	942,460)	920,773)	892,226)	875,295)	875,384)	873,894)	869,092)	887,401)	907,219)	929,038)	915,740)	913,059)	916,030)	929,635)	931,361)	919,689)	926,320)
Operating lease right-of-use assets	1,187,777)	1,229,650)	1,235,425)	1,232,925)	1,258,599)	1,286,452)	1,277,064)	1,174,354)	1,102,056)	1,132,764)	1,159,315)	1,052,617)	1,054,746)	1,086,009)	1,091,649)	1,146,229)	1,175,402)	1,166,383)	1,194,061)	1,208,528)	1,200,972)	—)	—)	—)	—)
Deferred income taxes, net	102,203)	110,656)	76,272)	73,610)	70,758)	81,389)	54,247)	52,897)	48,737)	56,585)	61,768)	58,848)	57,499)	61,854)	42,185)	37,789)	33,320)	47,977)	41,763)	38,803)	34,215)	44,055)	45,999)	60,960)	58,842)
Goodwill	77,292)	77,306)	77,279)	77,322)	77,330)	77,307)	85,245)	85,269)	85,298)	85,354)	85,392)	85,421)	85,435)	85,446)	85,402)	85,419)	85,335)	85,343)	85,355)	85,348)	85,357)	85,382)	85,649)	85,673)	18,811)
Other long-term assets, net	128,563)	122,950)	120,639)	119,415)	115,498)	116,407)	107,631)	104,257)	103,310)	106,250)	101,901)	99,146)	88,180)	87,141)	85,394)	75,028)	67,795)	69,666)	67,660)	65,924)	66,145)	59,429)	64,324)	64,163)	129,715)
Long-term assets	2,486,001)	2,553,751)	2,536,434)	2,539,679)	2,572,211)	2,626,936)	2,533,275)	2,390,453)	2,281,861)	2,301,726)	2,300,602)	2,171,327)	2,161,244)	2,194,344)	2,173,722)	2,231,866)	2,269,071)	2,298,407)	2,304,579)	2,311,662)	2,302,719)	1,118,501)	1,127,333)	1,130,485)	1,133,688)
Total assets	5,159,979)	5,273,548)	4,883,769)	4,571,811)	4,471,037)	4,663,016)	4,594,007)	4,319,174)	4,210,713)	4,625,620)	4,477,324)	4,245,037)	4,110,240)	4,661,424)	4,310,679)	4,487,296)	4,418,115)	4,054,042)	3,963,824)	3,869,681)	3,788,365)	2,812,844)	2,718,759)	2,607,977)	2,656,905)

The total asset base of Williams-Sonoma Inc. experienced significant expansion over the analyzed period, growing from approximately $2.66 billion in April 2018 to $5.16 billion by April 2024. This growth was characterized by a substantial increase in both current and long-term assets, reflecting a larger operational scale and shifts in accounting standards.

Liquidity and Cash Management: Cash and cash equivalents exhibited high volatility, with pronounced peaks and troughs. A significant surge occurred during the first half of 2020, reaching $947.8 million by August 2020, and another peak was observed in January 2024 at $1.26 billion. Conversely, liquidity tightened considerably in mid-2022, with cash balances dropping to a low of $113.1 million in October 2022. This pattern suggests a cyclical approach to cash management or strategic timing of capital expenditures and shareholder returns.
Working Capital and Inventory Trends: Merchandise inventories showed a general upward trajectory, rising from $1.05 billion in 2018 to a peak of $1.69 billion in October 2022. Following this peak, a period of inventory optimization is evident, with levels stabilizing at $1.22 billion by April 2024. Accounts receivable remained relatively stable throughout the period, generally fluctuating between $100 million and $145 million, indicating consistent credit management practices relative to the growth in total assets.
Structural Shifts in Long-Term Assets: A fundamental change in the balance sheet structure occurred in May 2019 with the recognition of operating lease right-of-use assets, which immediately added approximately $1.2 billion to the total assets. These assets remained a primary component of the long-term asset portfolio, fluctuating between $1.05 billion and $1.29 billion. Property and equipment, net, showed a gradual increase from $926.3 million in 2018 to a peak of $1.07 billion in January 2023, before slightly declining to $990.2 million by April 2024.
Other Asset Components: Deferred income taxes, net, showed a marked increase in the latter part of the period, rising from a low of $33.3 million in May 2020 to $102.2 million by April 2024. Goodwill remained largely stagnant after an initial increase in July 2018, settling around $77.3 million in the final years of the analysis. Other long-term assets grew steadily from $129.7 million in 2018 to $128.6 million in 2024, showing overall stability despite interim fluctuations.

Overall, the asset profile shifted from a leaner structure in 2018 to a more asset-intensive balance sheet by 2024. The growth was driven primarily by the accounting treatment of leases and a substantial increase in current assets, particularly cash and inventory, though the most recent quarters indicate a trend toward inventory normalization and a strengthened cash position.

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Williams-Sonoma Inc. (NYSE:WSM)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data