Sothebys (BID)
Income statement / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Revenues:
Finance

15,657

15,848

13,266

12,942

11,423

9,641

9,881

13,114

11,697

13,359

12,767

12,073

11,138

14,750

14,755

12,899

12,933

11,970

12,687

10,274

8,917

8,140

5,682

5,619

5,164

5,561

4,933

4,980

4,572

4,580

3,575

3,016

2,923

3,184

2,915

3,117

1,932

2,023

2,613

2,240

2,245

License fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,468

1,974

-

2,376

2,462

1,697

1,724

1,902

2,090

1,186

1,585

2,046

1,592

901

1,109

1,408

1,270

1,441

907

941

1,129

705

764

770

Other

-

-

-

-

-

-

-

-

-

4,795

3,900

4,468

4,710

4,870

3,917

7,440

2,611

186

149

8,952

406

295

303

324

378

152

368

306

317

232

395

285

372

135

250

203

92

120

414

88

244

Revenues

92,934

361,778

173,465

375,147

119,161

345,636

195,796

338,204

180,008

339,859

199,309

308,689

91,492

298,665

106,531

335,821

137,992

332,006

155,675

351,224

94,201

335,817

156,811

339,201

107,864

304,868

101,745

291,123

68,461

303,949

104,959

284,249

58,210

369,795

119,582

317,960

73,060

281,410

101,879

44,926

167,321

Expenses:
Dealer cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,553

6,559

2,512

-

6,012

8,312

5,943

1,584

14,990

6,527

1,788

981

11,840

Marketing

7,008

6,546

5,908

7,075

4,824

6,276

5,722

7,582

5,933

5,951

5,911

6,175

4,099

4,408

5,013

6,757

3,767

4,748

4,060

5,793

3,076

4,564

3,133

6,884

5,057

5,859

4,687

5,349

3,500

4,611

4,397

4,420

2,803

3,296

4,540

3,471

2,520

3,251

2,965

1,711

3,054

Salaries and related

69,260

110,601

76,645

99,976

67,274

96,718

78,719

101,247

63,218

88,540

65,550

93,790

70,471

75,227

68,171

74,816

56,897

108,182

62,930

88,457

58,888

97,833

65,756

93,519

61,971

81,265

60,695

78,724

53,447

84,876

56,226

74,344

45,724

96,504

51,958

85,610

46,722

74,321

46,618

43,137

49,356

General and administrative

44,612

47,267

47,842

48,585

42,291

45,671

43,813

48,154

42,483

43,362

38,951

45,416

39,355

40,909

35,676

41,564

38,124

44,731

34,729

45,456

37,798

38,210

37,332

46,500

40,576

44,371

44,011

41,458

37,980

39,863

38,919

50,267

37,404

40,258

33,168

39,105

29,723

32,376

31,362

28,582

30,372

Depreciation, Depletion and Amortization

7,980

7,929

7,691

6,891

5,714

7,343

7,100

7,286

5,707

5,676

5,384

5,603

5,426

5,492

5,296

5,037

4,881

4,781

4,782

5,205

5,157

5,066

5,147

5,193

4,925

4,801

4,516

4,698

4,690

4,334

4,220

4,801

4,461

4,241

4,101

4,188

3,852

4,081

4,371

5,467

5,087

Business Combination, Acquisition Related Costs

4,735

5,700

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Voluntary separation incentive programs, net

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring Charges

-38

-31

19

-

3,781

2,146

0

-

0

0

-162

-

-176

-231

-307

-

-

-

-

-

14,285

0

0

-

0

-

-

-

-25

13

-

-

2,208

2,226

-

-

-148

-21

-

493

4,803

CEO separation and transition costs (see Note 23)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

0

43

4,200

7,591

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Special charges (net) (see Note 25)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-80

-4,169

18,554

5,703

1,400

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total expenses

156,829

267,191

177,036

253,872

149,828

261,810

188,885

231,570

221,064

225,704

213,367

217,293

158,366

168,582

138,520

247,255

159,699

215,548

137,271

222,233

131,670

205,386

152,720

194,266

142,225

171,554

123,058

166,474

106,370

167,564

113,665

166,911

103,695

181,130

108,629

162,435

102,207

141,694

93,975

83,217

119,021

Operating (loss) income

-63,895

94,587

-3,571

121,275

-30,667

83,826

6,911

106,634

-41,056

114,155

-14,058

91,396

-66,874

130,083

-31,989

88,566

-21,707

116,458

18,404

128,991

-37,469

130,431

4,091

144,935

-34,361

133,314

-21,313

124,649

-37,909

136,385

-8,706

117,338

-45,485

188,665

10,953

155,525

-29,147

139,716

7,904

-38,291

48,300

Interest income

413

286

285

118

502

482

365

282

278

367

257

328

295

275

396

538

479

630

129

444

621

402

416

543

431

1,441

386

448

280

213

609

335

530

547

2,590

612

389

385

353

860

1,551

Interest expense

12,708

13,604

13,151

11,693

10,084

8,894

9,313

9,046

8,067

7,572

7,533

7,577

7,549

7,638

7,546

7,572

7,438

9,074

8,661

8,881

8,757

8,768

8,783

9,148

8,912

12,137

12,515

13,747

10,390

10,184

10,108

10,221

10,330

10,559

10,388

11,643

11,840

11,717

11,619

11,601

11,431

Write-off of credit facility fees

0

0

-

-

0

3,982

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,489

1,261

Gain (Loss) on Extinguishment of Debt

0

0

0

0

0

0

-10,855

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,529

-

-

-

-

-

-

-

-

Non-operating income

1,153

1,687

1,848

-2,357

3,172

2,449

1,424

927

3,130

944

2,044

2,080

633

374

47

2,377

-2,116

245

-1,959

-407

1,438

694

-1,442

516

982

-168

1,699

525

1,596

-947

1,742

398

-1,086

-765

396

1,708

2,116

-933

61

4,423

-1,446

Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest

-75,037

82,956

-14,589

107,343

-37,077

73,881

-11,468

98,797

-45,715

107,894

-19,290

86,227

-73,495

123,094

-39,092

83,909

-30,782

108,259

7,913

120,147

-44,167

122,759

-5,718

136,846

-41,860

122,450

-31,743

96,855

-46,423

125,467

-16,463

107,850

-57,900

177,888

3,551

139,911

-38,482

127,451

-3,301

-47,098

35,713

Income tax (benefit) expense

-21,144

26,808

-5,986

21,709

-7,759

17,838

-4,136

22,567

-21,328

31,468

-7,292

22,163

-17,775

34,355

-12,786

94,510

-10,078

42,789

3,924

46,259

-16,173

45,344

331

46,089

-11,698

30,707

-9,396

30,821

-13,841

39,993

-5,578

36,401

-28,206

50,806

1,031

43,889

-18,948

41,248

-916

10,813

23,774

Income (Loss) from Equity Method Investments

531

853

1,528

75

1,476

1,234

806

474

901

466

667

1,455

1,220

191

396

-626

2,827

1,982

1,144

52

296

230

154

-4

31

-14

2

57

17

-44

221

31

-25

152

-99

227

173

36

208

113

242

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-53,362

57,001

-7,075

85,709

-27,842

57,277

-6,526

76,704

-23,486

76,892

-11,331

65,519

-54,500

88,930

-25,910

-11,227

-17,877

67,452

5,133

73,940

-27,698

77,645

-5,895

90,753

-30,131

91,729

-22,345

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: Net loss attributable to noncontrolling interest

-3

-5

-4

-3

-4

-5

-4

-5

-7

1

-6

17

-30

-34

-26

-74

17

-120

-69

-63

28

13

219

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income (Loss) Attributable to Parent

-53,359

57,006

-7,071

85,712

-27,838

57,282

-6,522

76,709

-23,479

76,891

-11,325

65,502

-54,470

88,964

-25,884

-11,153

-17,894

67,572

5,202

74,003

-27,726

77,632

-6,114

90,753

-30,131

91,729

-22,345

66,091

-32,565

85,430

-10,664

71,480

-29,719

127,234

2,421

96,249

-19,361

86,239

-2,177

-57,798

12,181

Basic and diluted loss per share - Sotheby’s common shareholders (USD per share)

-

-

-0.15

-

-

-

-0.12

-

-

-

-0.21

-

-

-

-0.41

-

-

-

0.07

-

-

-

-0.09

-

-

-

-0.33

-

-

-

-0.16

-

-

-

-

-

-

-

-

-

-

Weighted average basic and diluted shares outstanding (in shares)

-

-

46,422

-

-

-

52,464

-

-

-

53,016

-

-

-

63,022

-

-

-

-

-

-

-

-

-

-

-

67,951

-

-

-

67,457

-

-

-

-

-

-

-

-

-

-

Basic (loss) earnings per share - Sotheby’s common shareholders (USD per share)

-1.14

1.21

-

-

-0.55

1.09

-

-

-0.45

1.44

-

-

-0.99

1.54

-

-

-0.26

0.97

-

-

-0.40

1.12

-

-

-0.44

1.34

-

-

-0.48

1.26

-

1.05

-0.44

1.87

0.04

1.42

-0.29

1.27

-0.03

-0.89

0.18

Diluted (loss) earnings per share - Sotheby's common shareholders (USD per share)

-1.14

1.20

-

-

-0.55

1.08

-

-

-0.45

1.43

-

-

-0.99

1.52

-

-

-0.26

0.96

-

-

-0.40

1.11

-

-

-0.44

1.33

-

-

-0.48

1.24

-

1.06

-0.44

1.81

0.03

1.40

-0.29

1.26

-0.03

-0.89

0.18

Weighted Average Number of Shares Outstanding, Basic

46,616

46,614

-

-

50,927

51,780

-

-

52,532

52,716

-

-

55,013

57,104

-

-

67,946

69,332

69,090

-

68,990

68,938

69,143

-

68,361

68,306

-

-

67,771

67,753

-

-

67,410

67,405

66,968

-

66,377

66,337

65,995

65,295

65,207

Weighted Average Number of Shares Outstanding, Diluted

46,616

47,124

-

-

50,927

52,210

-

-

52,532

53,054

-

-

55,013

57,712

-

-

67,946

69,884

69,705

-

68,990

69,491

69,143

-

68,361

68,889

-

-

67,771

68,416

-

-

67,410

69,491

69,007

-

66,377

67,041

65,995

65,295

65,347

Cash dividends declared per common share (usd per share)

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.10

0.10

0.10

0.00

0.10

0.10

4.44

0.00

0.10

0.00

0.00

0.00

0.08

0.08

0.08

0.00

0.05

0.05

0.05

0.00

0.05

0.05

0.05

0.05

0.05

Agency
Revenues from contracts with customers

65,850

322,144

147,667

338,648

96,721

290,879

165,526

315,274

81,264

301,768

111,265

265,719

51,285

273,764

81,065

284,439

69,222

310,377

127,882

309,582

76,229

316,187

123,128

327,592

76,929

294,943

94,175

269,959

59,711

290,151

97,410

274,897

52,916

353,564

110,361

310,489

55,104

269,801

95,627

40,000

151,007

Cost of Revenue

15,847

73,834

31,803

70,147

19,622

59,449

35,273

55,067

18,935

54,842

21,289

27,400

5,142

31,243

9,539

39,194

8,156

32,730

11,839

38,468

6,002

31,617

10,437

37,606

7,279

31,260

8,449

26,741

4,225

27,308

7,391

29,212

5,083

26,293

8,919

28,362

4,548

21,159

6,871

2,846

14,509

Inventory sales
Revenues from contracts with customers

6,953

18,259

8,766

17,968

6,498

40,106

16,236

6,167

81,501

19,937

71,377

26,429

24,359

5,281

6,794

35,485

53,226

7,005

12,983

-

6,273

8,733

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Revenue

7,425

15,335

7,166

16,372

6,322

42,414

15,995

9,091

78,734

22,255

71,407

34,047

29,616

7,381

10,738

38,710

43,678

16,989

11,713

28,018

7,999

7,518

24,502

3,192

22,417

3,998

700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other
Revenues from contracts with customers

4,474

5,527

3,766

5,589

4,519

5,010

4,153

-

5,546

-

-

-

-

-

-

-

-

-

-

-

-

-

26,001

-

23,491

2,122

1,083

14,293

1,815

7,394

2,678

4,942

591

11,642

4,615

3,244

14,991

8,337

2,520

1,834

13,055

Financial Service [Member]
Cost of Revenue

0

0

0

0

0

1,793

2,263

3,143

6,054

5,078

5,037

4,758

4,433

4,153

4,394

4,236

4,282

3,874

3,388

3,372

2,634

2,024

710

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-