$2 B

BID Mkt cap, 04-Dec-2018

$119.2 M

Sotheby's Revenue Q3, 2018
Sotheby's Net income (Q3, 2018)-27.8 M
Sotheby's EBIT (Q3, 2018)-30.7 M
Sotheby's Cash, 30-Sep-2018156.3 M
Sotheby's EV2.5 B

Sotheby's Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

853.7m938.1m961.5m805.4m989.4m

Revenue growth, %

10%2%(16%)

Sales and marketing expense

22.5m19.3m19.7m25.4m

General and administrative expense

176.8m159.1m161.4m173.0m

Operating expense total

631.1m759.8m682.8m819.1m

Depreciation and amortization

19.4m19.5m21.8m24.1m

EBIT

222.6m226.0m201.7m122.6m170.3m

EBIT margin, %

26%24%21%15%17%

Interest expense

42.7m35.2m32.7m30.3m32.2m

Interest income

2.8m1.9m1.8m1.3m1.2m

Pre tax profit

185.7m193.0m169.3m96.7m141.7m

Income tax expense

55.7m75.8m131.1m26.0m25.4m

Net Income

130.0m118.0m43.5m74.0m118.8m

Sotheby's Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

721.3m693.8m848.7m496.0m544.4m

Accounts Receivable

812.6m913.7m875.3m433.6m795.2m

Inventories

192.1m34.1m215.0m159.0m74.5m

Current Assets

2.0b2.0b2.1b1.3b1.9b

PP&E

379.4m352.0m

Goodwill

50.0m50.5m

Total Assets

2.9b3.1b3.3b2.5b3.1b

Accounts Payable

93.6m192.0m86.0m90.3m

Short-term debt

3.6m308.9m

Current Liabilities

1.1b1.4b1.2b743.0m1.5b

Long-term debt

515.1m614.8m598.9m653.0m

Total Debt

518.8m614.8m598.9m961.9m

Total Liabilities

1.8b2.5b2.0b2.5b

Additional Paid-in Capital

387.5m408.9m435.7m444.6m453.4m

Retained Earnings

790.6m569.9m586.2m660.3m779.7m

Total Equity

1.1b878.2m806.7m505.6m616.9m

Debt to Equity Ratio

1.2 x1.6 x

Debt to Assets Ratio

0.2 x0.3 x

Financial Leverage

2.5 x3.6 x4.1 x5 x5 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

483.2m322.2m576.4m419.6m381.1m613.7m602.1m414.0m475.3m405.8m514.9m516.4m311.3m335.7m432.4m156.3m

Inventories

98.4m177.6m218.9m209.7m258.8m258.0m218.3m205.5m205.1m179.6m150.8m131.2m63.3m65.3m32.6m54.0m

Current Assets

1.1b1.3b2.0b1.4b1.3b1.9b1.3b1.3b1.6b1.2b1.3b1.7b966.4m1.3b1.7b1.1b

Goodwill

47.8m47.9m47.8m50.1m50.4m50.5m55.8m55.7m55.7m

Total Assets

2.0b2.2b3.1b2.5b2.5b3.1b2.5b2.4b2.8b2.4b2.4b2.8b2.1b2.4b2.8b2.2b

Accounts Payable

120.8m127.4m185.2m89.5m86.3m101.3m89.5m126.1m99.7m94.4m80.9m91.2m88.1m106.6m104.6m101.9m

Short-term debt

3.6m3.6m3.7m12.4m13.4m13.5m

Current Liabilities

375.5m570.8m1.3b804.7m759.3m1.0b447.1m554.1m1.0b605.3m699.4m1.1b557.6m1.0b1.4b858.0m

Long-term debt

515.2m515.2m515.0m300.0m512.1m616.6m603.4m601.9m600.5m597.3m563.8m557.2m651.0m648.4m640.5m

Total Debt

518.7m518.7m518.8m300.0m512.1m616.6m603.4m601.9m600.5m597.3m563.8m557.2m663.4m661.8m654.0m

Total Liabilities

986.0m1.4b2.2b1.6b1.6b2.2b1.7b1.8b2.2b1.8b1.9b2.3b1.6b1.8b2.2b1.8b

Additional Paid-in Capital

380.8m388.5m394.3m398.9m408.9m418.8m400.1m435.5m437.1m439.3m437.3m442.6m446.0m452.4m458.7m456.3m

Retained Earnings

706.8m467.1m537.6m502.9m568.1m628.6m604.0m560.4m649.3m594.8m649.6m726.5m703.0m773.2m830.5m802.6m

Total Equity

1.0b796.5m877.1m827.2m858.0m946.7m787.5m619.1m570.3m515.1m490.4m543.1m520.0m591.0m606.7m452.5m

Debt to Equity Ratio

0.7 x1.2 x1 x1.1 x1.1 x1.4 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.3 x0.2 x0.3 x

Financial Leverage

1.9 x2.7 x3.5 x3 x2.9 x3.3 x3.2 x3.9 x4.9 x4.6 x4.9 x5.2 x4.1 x4.1 x4.6 x4.9 x

Sotheby's Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

130.0m117.8m43.5m74.0m

Depreciation and Amortization

19.4m20.6m19.5m21.8m24.1m

Accounts Receivable

(194.7m)(180.0m)(14.2m)437.4m(297.7m)

Inventories

(83.2m)(9.6m)(18.8m)29.7m73.7m

Accounts Payable

Cash From Operating Activities

237.4m44.3m155.1m158.4m366.2m

Cash From Investing Activities

(91.1m)(128.6m)(16.7m)(120.4m)

Short-term Borrowings

(197.4m)

Long-term Borrowings

(197.4m)

Dividends Paid

(13.8m)(331.5m)(29.8m)(1.7m)(2.4m)

Cash From Financing Activities

(202.3m)72.2m25.7m(356.3m)(384.0m)

Free Cash Flow

214.0m55.1m143.7m137.0m345.5m

Sotheby's Ratios

USDY, 2018

EV/EBIT

-80.1 x

EV/CFO

-9.5 x

EV/FCF

-8.4 x

Debt/Equity

1.4 x

Debt/Assets

0.3 x

Financial Leverage

4.9 x
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Sotheby's Employee Rating

3.3228 votes
Culture & Values
3.2
Work/Life Balance
3.5
Senior Management
3.1
Salary & Benefits
2.9
Career Opportunities
3.2
Source