Name: Williams-Sonoma Inc. (NYSE:WSM) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

Download chart

Williams-Sonoma Inc., consolidated statement of comprehensive income

US$ in thousands

12 months ended:	Jan 28, 2024	Jan 29, 2023	Jan 30, 2022	Jan 31, 2021	Feb 2, 2020	Feb 3, 2019
Net earnings	949,762)	1,127,904)	1,126,337)	680,714)	356,062)	333,684)
Foreign currency translation adjustments	(999)	(3,572)	(4,488)	8,195)	(3,334)	(5,032)
Change in fair value of derivative financial instruments, net of tax	160)	932)	(247)	(315)	163)	1,098)
Reclassification adjustment for realized (gain) loss on derivative financial instruments, net of tax	(904)	(341)	1,024)	(410)	(343)	(357)
Other comprehensive income (loss)	(1,743)	(2,981)	(3,711)	7,470)	(3,514)	(4,291)
Comprehensive income	948,019)	1,124,923)	1,122,626)	688,184)	352,548)	329,393)

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).

The financial performance over the analyzed six-year period is characterized by a period of aggressive growth in profitability followed by a recent moderation. Net earnings grew from $333.7 million in 2019 to a peak of $1.13 billion in 2023, before adjusting to $949.8 million in 2024.

Net Earnings Trajectory: A sharp upward trajectory is observed starting in 2021, with earnings nearly doubling from 2020 to 2021 and further increasing by approximately 65% by 2022. Profitability remained stable between 2022 and 2023, reaching a plateau, followed by a contraction of approximately 15.8% in 2024.
Other Comprehensive Income (OCI) Components: OCI has remained relatively immaterial compared to net earnings but exhibits consistent volatility. Foreign currency translation adjustments represent the primary driver of OCI, showing a notable positive swing of $8.2 million in 2021, while remaining negative in all other analyzed years. Derivative-related adjustments, including fair value changes and reclassification adjustments, show minimal impact on the overall financial position, with values fluctuating within a narrow range.
Comprehensive Income Correlation: Comprehensive income closely tracks the movement of net earnings, as OCI components do not significantly offset core profitability. The total comprehensive income mirrored the growth peak in 2023 at $1.12 billion and the subsequent decline to $948 million in 2024, confirming that the variance between net earnings and comprehensive income is marginal.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?