SOTHEBYS BID Balance Sheet

Sothebys (BID)

Balance Sheet / Yearly

Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
A S S E T S
Current assets:
Cash and cash equivalents
81	132	124	178	156	432	335	544	311	516	514	496	405	475	414	848	602	613	381	693	419	576	322	721	483	699	608	768	585	583	444	890	542	666	334	483	345	462	214	321	116	141
Restricted cash (see Notes 9 and 12)
3	38	11	4	1	28	15	361	5	41	13	59	6	22	5	29	2	37	11	32	3	56	17	32	6	16	6	31	5	26	5	28	22	50	9	18	24	31	25	24	2	11
Accounts receivable, net of allowance for doubtful accounts of $10,174, $9,125, and $9,504
421	900	764	978	611	1,088	724	795	453	847	392	433	441	835	501	875	244	822	476	913	450	993	522	812	249	882	467	597	441	884	316	553	375	1,021	433	681	308	666	283	373	210	475
Notes receivable, net of allowance for credit losses of $1,410, $1,075, and $1,067
51	39	81	103	151	92	64	87	51	73	118	37	72	65	77	101	88	57	83	130	172	96	163	176	204	100	121	129	146	93	105	63	67	32	72	101	76	61	130	64	70	59
Inventory
28	32	43	43	54	32	65	74	63	131	150	159	179	205	205	215	218	257	258	217	209	218	177	192	98	87	91	92	99	105	113	113	117	126	130	126	133	143	143	142	166	168
Income tax receivables
32	19	22	3	29	18	18	6	25	14	7	6	16	3	29	5	34	16	17	0	-	-	-	-	-	-	-	-	-	-	-	3	31	16	20	5	16	5	17	8	14	13
Deferred income taxes (see Note 1)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	16	15	16	-	-	-	-	-	-	-	-	-	-	-	16	11	9	10	15	14	14	15	14	12	14
Deferred income taxes and income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61	41	31	12	45	36	40	23	37	21	30	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets (see Note 11)
50	41	47	38	57	43	40	32	55	45	56	76	65	41	34	33	60	34	37	34	42	27	39	25	40	22	48	27	40	20	27	22	24	27	27	17	20	16	22	19	17	19
Total current assets
669	1,203	1,095	1,351	1,061	1,736	1,264	1,902	966	1,669	1,254	1,268	1,189	1,649	1,267	2,109	1,267	1,856	1,281	2,039	1,359	2,011	1,274	1,972	1,128	1,845	1,384	1,671	1,356	1,735	1,042	1,693	1,192	1,949	1,038	1,450	940	1,402	853	968	610	904
Notes receivable, net of allowance for credit losses of $1,525, $1,525, and $1,525
811	714	664	602	465	390	453	507	558	559	560	651	601	582	566	611	700	748	671	568	557	510	315	336	333	340	309	317	291	251	201	169	167	162	169	175	102	91	69	100	94	95
Fixed assets, net of accumulated depreciation and amortization of $250,142, $237,211, and $236,024
412	405	400	386	367	356	354	352	350	347	346	347	347	348	350	354	355	357	357	364	369	373	375	379	377	371	370	375	372	371	373	370	372	375	374	372	369	364	364	370	374	378
Operating lease right-of-use assets (see Note 6)
71	77	75	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill
55	55	55	55	55	55	55	50	50	50	50	50	47	47	47	13	13	13	13	14	14	14	14	14	14	14	14	14	14	14	14	14	14	15	15	15	15	14	15	16	14	14
Intangible assets, net
10	11	12	12	13	14	15	11	11	12	12	13	13	13	13	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2	2
Equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41	41	10	10	10	10	11	11	11	15	15	15	15	15	14	14	14	14	15	15	16	16	17	17	17
Deferred income taxes and income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	38	48	55	53	52	52	59	54	51	51	-	-	-	-	-	-	-	-	-	-	-
Trust assets related to deferred compensation liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	-	48	50	50	50	52	52	53	51	50	50	47	47	46	46	42	40	42	42	39	37	35	37	37	36	34
Pension asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31	28	28	41	41	38	37	21	19	18	18	34	31	29	27	61	61	59	55	17	15	13	12	16	15
Income tax receivables
17	17	17	16	4	0	0	0	4	0	0	0	0	0	0	3	2	2	2	5	-	-	-	-	-	-	-	-	-	-	-	9	0	0	0	0	-	-	-	-	-	-
Deferred income taxes
31	31	30	37	31	27	34	35	7	7	7	7	6	7	7	7	21	16	29	32	-	-	-	-	-	-	-	-	-	-	-	43	41	32	34	39	39	44	43	44	59	86
Other long-term assets (see Note 11)
230	232	231	226	234	229	237	227	196	192	184	165	150	159	159	124	133	16	14	19	20	19	19	33	37	38	55	56	56	12	13	14	14	15	14	16	21	17	17	18	19	15
Total assets
2,311	2,750	2,583	2,689	2,235	2,811	2,415	3,087	2,146	2,840	2,416	2,504	2,357	2,808	2,413	3,263	2,496	3,133	2,492	3,134	2,462	3,073	2,150	2,893	2,029	2,743	2,270	2,575	2,243	2,530	1,787	2,399	1,919	2,669	1,763	2,178	1,560	2,002	1,431	1,586	1,245	1,566
L I A B I L I T I E S A N D S H A R E H O L D E R S’ E Q U I T Y
Current liabilities:
Client payables
405	901	726	997	627	1,191	820	996	376	867	532	511	389	782	350	692	253	781	401	980	385	1,000	413	922	225	890	331	599	264	854	256	774	367	981	334	675	224	638	225	348	108	341
Related party client payables (see Note 20)
-	-	-	-	-	-	-	-	-	-	-	-	0	10	54	285	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Convertible debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	181	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
80	94	107	101	101	104	106	90	88	91	80	85	94	99	85	88	89	101	117	200	89	129	97	93	71	140	93	78	116	126	75	64	62	98	61	66	40	69	54	54	46	67
Accrued salaries and related costs
68	71	38	92	60	62	44	94	57	54	33	68	57	47	40	103	60	69	-	-	56	56	30	83	49	-	-	70	-	-	-	82	59	61	20	85	48	46	13	28	12	12
Current portion of long-term debt, net
9	9	13	13	13	13	12	308	11	38	6	6	6	6	6	6	6	6	218	218	218	3	3	3	3	3	183	181	255	177	3	2	0	-	-	-	-	-	-	-	-	-
Operating lease liabilities (see Note 6)
16	17	16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Client deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	63	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Accrued income taxes
36	49	32	31	42	23	8	8	13	21	1	26	9	25	3	11	24	35	8	13	31	46	14	26	17	23	5	27	18	30	6	33	27	47	17	40	21	31	4	2	1	18
Deferred income taxes (see Note 1)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	1	1
Other current liabilities
13	14	12	13	12	11	17	18	10	46	44	43	46	48	13	9	11	15	13	15	22	16	11	13	8	9	31	7	17	8	6	5	9	13	9	9	10	14	7	7	3	3
Total current liabilities
630	1,159	947	1,248	858	1,406	1,009	1,516	557	1,120	699	742	605	1,021	554	1,196	446	1,009	759	1,429	804	1,251	570	1,142	375	1,087	707	964	671	1,196	347	964	527	1,219	626	877	345	801	305	442	174	444
Credit facility borrowings
470	320	430	280	215	63	65	196	434	531	548	565	553	523	521	541	579	593	501	445	449	345	185	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, net
635	639	637	638	640	648	650	653	557	563	597	598	600	601	603	604	606	507	295	300	300	515	515	515	515	515	515	515	515	294	466	464	462	460	293	472	518	516	514	512	511	508
Operating lease liabilities (see Note 6)
56	62	59	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	-	48	50	49	48	51	52	51	49	47	47	45	46	44	44	40	38	40	39	36	34	32	33	34	33	31
Accrued income taxes
22	22	21	19	8	26	38	37	15	18	17	16	17	17	15	18	17	17	17	20	21	21	19	22	23	23	17	19	22	20	19	19	6	4	4	4	4	12	11	11	11	14
Deferred income taxes
13	14	14	14	14	14	15	15	10	11	12	10	18	15	45	40	1	1	0	0	-	-	-	-	-	-	-	-	-	-	-	0	8	8	8	8	0	0	0	0	2	1
Other long-term liabilities (see Note 11)
39	39	40	45	46	46	45	51	51	51	50	65	47	58	55	15	57	8	8	11	11	11	11	22	21	21	37	37	37	6	6	6	6	6	7	6	7	6	7	7	6	7
Total liabilities
1,868	2,257	2,151	2,247	1,782	2,204	1,824	2,470	1,626	2,297	1,926	1,998	1,842	2,238	1,794	2,456	1,708	2,186	1,634	2,256	1,635	2,195	1,354	1,753	986	1,695	1,325	1,582	1,293	1,562	885	1,495	1,049	1,740	980	1,407	911	1,370	873	1,009	741	1,008
Commitments and contingencies (see Note 15)
-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	0	-	-	-	-	-
Shareholders’ equity:
Common stock, $0.01 par value
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Additional paid-in capital
484	477	470	463	456	458	452	453	446	442	437	444	439	437	435	435	400	418	408	408	398	394	388	387	380	372	366	368	362	357	353	355	350	350	341	345	334	327	322	317	307	303
Treasury stock shares, at cost — 25,027,989; 24,841,257; and 22,157,796
849	849	849	839	740	617	579	554	550	543	509	509	436	432	304	150	125	25	25	25	25	25	25	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained earnings
885	938	881	888	802	830	773	779	702	726	649	660	594	649	560	586	604	628	568	569	502	537	467	790	706	743	652	674	627	665	585	601	535	567	443	444	351	374	291	297	227	288
Accumulated other comprehensive loss
-78	-73	-71	-72	-66	-66	-55	-62	-79	-82	-87	-90	-83	-84	-73	-66	-92	-76	-95	-76	-50	-30	-35	-39	-44	-69	-74	-50	-39	-55	-37	-53	-16	10	-2	-18	-38	-70	-57	-38	-31	-33
Total shareholders’ equity
442	493	431	441	452	606	590	616	519	542	490	505	514	570	618	806	787	946	857	877	826	876	795	1,139	1,043	1,047	944	992	950	968	902	903	870	928	783	771	648	632	557	576	504	558
Noncontrolling interest
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Total equity
442	493	431	441	452	606	591	616	520	543	490	505	515	570	619	806	787	946	858	878	827	877	796	1,139	1,043	1,047	945	992	950	968	902	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and shareholders’ equity
2,311	2,750	2,583	2,689	2,235	2,811	2,415	3,087	2,146	2,840	2,416	2,504	2,357	2,808	2,413	3,263	2,496	3,133	2,492	3,134	2,462	3,073	2,150	2,893	2,029	2,743	2,270	2,575	2,243	2,530	1,787	2,399	1,919	2,669	1,763	2,178	1,560	2,002	1,431	1,586	1,245	1,566