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.

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 financial data of the company shows distinct patterns and trends across various asset categories over multiple quarterly periods.

Cash and Cash Equivalents: This category exhibits significant volatility across the periods. Initially, cash levels declined from approximately 290 million to 164 million in 2018, but a strong recovery followed, peaking at over 1.2 billion in early 2024. Intermediate fluctuations suggest strategic liquidity management, with marked increases correlating with certain seasonal or operational cycles.
Accounts Receivable, Net: Accounts receivable values remained relatively stable, generally fluctuating between 100 million and 145 million. The trend lacks large spikes or dips, indicating consistent credit management and sales collection cycles. A moderate upward trend is observable in 2020 and early 2021, possibly reflecting increased sales or payment terms adjustments.
Merchandise Inventories, Net: Inventory levels steadily increased over the observed period, rising from approximately 1.05 billion in early 2018 to peaks over 1.68 billion by late 2022. This upward trend suggests inventory buildup possibly in preparation for higher demand or expansion. After peaking, inventory values slightly declined toward early 2024, indicating either increased turnover or inventory optimization efforts.
Prepaid Expenses: Prepaid expenses experienced variable levels, shifting between approximately 58 million to over 117 million. There is no clear upward or downward trend, rather cyclical changes that may be related to timing of expense recognition or changes in supplier terms.
Other Current Assets: This category shows mild growth with periodic fluctuations, ranging from roughly 20 million to 32 million. The general slight increase signals modest growth in miscellaneous current assets.
Current Assets: Overall current assets demonstrated a general upward trend, starting from about 1.5 billion and peaking above 2.7 billion in early 2024. This reflects the increases seen in cash and inventory components, enhancing short-term asset liquidity and capacity.
Property and Equipment, Net: Property and equipment asset values remained relatively stable with a slow upward trend from approximately 926 million to near 1.07 billion by mid-2023, followed by a slight decline toward early 2024. This pattern may represent modest capital expenditures balanced by depreciation deductions.
Operating Lease Right-of-Use Assets: Available only from 2019 onward, this category maintained values in the range of 1.05 billion to 1.28 billion. The values decreased initially, followed by a rise towards 2023 before stabilizing. This suggests adjustments in lease agreements or asset utilization.
Deferred Income Taxes, Net: Deferred tax assets showed fluctuations with values mostly between 33 million and 110 million, peaking near the end of the period analyzed. The elevated end-period figures may indicate increased temporary differences or tax planning activities.
Goodwill: Goodwill values fluctuated between approximately 18 million and 85 million early on, then stabilized near 77 million in more recent periods, indicating no significant acquisitions or impairment events after initial increases.
Other Long-Term Assets, Net: This category steadily increased from around 64 million to near 129 million, suggesting continual investment or accumulation of long-term miscellaneous assets.
Long-Term Assets: Long-term assets showed stability around the 1.1 billion mark in initial years, jumped to over 2.3 billion in 2019, and continued to fluctuate slightly thereafter. This sharp increase aligns temporally with the recognition of operating lease right-of-use assets and possibly other reclassifications or acquisitions impacting the asset base.
Total Assets: Total assets generally increased from about 2.6 billion in 2018 to reach peaks exceeding 5.2 billion by early 2024. The notable jump around 2019 parallels the rise in long-term assets and lease-related assets, indicating significant balance sheet expansion. Slight declines or stabilization periods are observed in some quarters but overall demonstrate an expanding asset base.

In summary, the financial data illustrates substantial growth primarily driven by increases in cash, merchandise inventories, and long-term assets, particularly related to lease agreements. The company shows active asset management with stable receivables and property, moderate fluctuations in prepaid expenses and deferred taxes, and steady accumulation of other asset categories. The expansion of total assets signifies growth and possibly strategic investment, with financial liquidity also enhanced as reflected by cash and current assets trends.

Assets: Selected Items

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Williams-Sonoma Inc. (NYSE:WSM)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data