SOTHEBYS Financial Statements (2026 and earlier)

Company Profile

Business Address 1334 YORK AVENUE
NEW YORK, NY 10021
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2019
MRQ
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 178,579544,432496,031848,697693,829721,315
Cash and cash equivalent 178,579544,432496,031848,697693,829721,315
Restricted cash and investments 4,836361,57859,10629,56832,837 
Receivables 1,085,327889,586478,066982,5251,045,639989,111
Inventory, net of allowances, customer advances and progress billings 43,63574,483159,043215,020217,132192,140
Inventory 43,63574,483159,043215,020217,132192,140
Prepaid expense 25,67225,41820,436   
Derivative instruments and hedges, assets 46233930,340   
Other current assets 8,1446,25325,831   
Other undisclosed current assets 4,353  33,92950,08569,707
Total current assets: 1,351,0081,902,0891,268,8532,109,7392,039,5221,972,273
Noncurrent Assets
Nontrade receivables 16,6943246863,178 ✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 386,736352,035347,182354,494364,382379,399
Long-term investments and receivables 602,389507,538651,159653,643579,152347,936
Long-term investments    41,74410,21011,040
Accounts and financing receivable, after allowance for credit loss 602,389507,538651,159611,899568,942336,896
Intangible asset, including goodwill, after accumulated amortization, including: 68,56662,03963,42213,94514,34114,850
Goodwill 55,57350,54750,02913,60014,00014,500
Intangible asset, excluding goodwill, after accumulated amortization 12,99311,49213,393300(6,100)(6,500)
Other undisclosed intangible asset, including goodwill, after accumulated amortization    456,4416,850
Regulated entity, other noncurrent assets  5,400    
Asset, held-in-trust   26,71337,84350,49053,231
Other noncurrent assets 226,660227,608138,71126,51219,73833,053
Defined benefit plan, assets for plan benefits✕✕✕ 66,85928,99337,284
Deferred tax assets, net✕  7,7007,916  
Other undisclosed noncurrent assets 37,03530,274  38,20255,520
Total noncurrent assets: 1,338,0801,185,2181,235,5731,164,3901,095,298921,273
TOTAL ASSETS: 2,689,0883,087,3072,504,4263,274,1293,134,8202,893,546
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 101,36690,29885,995192,049111,63993,581
Taxes payable 31,1698,12726,91211,09513,82826,040
Employee-related liabilities 92,21994,31068,387 88,91583,128
Other undisclosed accounts payable and accrued liabilities (22,022)(12,139)(9,304)180,9548,896(15,587)
Debt 13,604308,9326,6297,302218,7283,630
Other liabilities 13,26318,76243,1769,11315,62713,835
Due to related parties    285,418500 
Other undisclosed current liabilities 1,120,5561,098,634607,175703,7011,082,7131,031,443
Total current liabilities: 1,248,7891,516,626742,9751,197,5831,429,2071,142,489
Noncurrent Liabilities
Long-term debt and lease obligation 638,786653,003598,941614,767300,000515,148
Long-term debt, excluding current maturities 638,786653,003598,941614,767300,000515,148
Liabilities, other than long-term debt 65,45089,07591,908113,57582,37596,244
Accounts payable and accrued liabilities 19,93337,65116,60018,52921,192 
Accrued income taxes✕✕✕✕✕✕22,392
Deferred compensation liability, classified   25,91439,01349,63351,831
Deferred tax liabilities, net✕  10,22840,424  
Other liabilities 45,51751,42439,16615,60911,55022,021
Other undisclosed noncurrent liabilities 294,569211,663565,000541,500445,000 
Total noncurrent liabilities: 998,805953,7411,255,8491,269,842827,375611,392
Total liabilities: 2,247,5942,470,3671,998,8242,467,4252,256,5821,753,881
Equity
Equity, attributable to parent 441,339616,755505,418806,427877,6971,139,318
Common stock 711709703700695691
Treasury stock, value (839,284)(554,551)(509,885)(150,000)(25,000) 
Additional paid in capital 463,623453,364444,611435,696408,874387,477
Accumulated other comprehensive loss (72,044)(62,466)(90,358)(66,204)(76,766)(39,453)
Retained earnings 888,333779,699660,347586,235569,894790,603
Equity, attributable to noncontrolling interest 155185184277541347
Total equity: 441,494616,940505,602806,704878,2381,139,665
TOTAL LIABILITIES AND EQUITY: 2,689,0883,087,3072,504,4263,274,1293,134,8202,893,546

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 1,035,740989,389805,377961,494938,053853,678
Revenue, net✕✕196,87280,828119,0859,9568,124
Cost of revenue (178)(17) (292)(95,947)(93,801)
Cost of product and service sold     (96,527)(93,396)
Provision for loan, lease, and other losses (178)✕✕✕✕✕
Financial services costs✕✕(17) (292)580(405)
Gross profit: 1,035,562989,372805,377961,202842,106759,877
Operating expenses (854,395)(819,054)(682,761)(759,773)(712,009)(631,103)
Other undisclosed operating income 17817 29295,94793,801
Operating income: 181,345170,335122,616201,721226,044222,575
Nonoperating income 6,1553,5694,4283232,1665,830
Investment income, nonoperating 1,4671,1841,2941,7761,8832,801
Other nonoperating income (expense) 4,6882,3853,134(1,453)2833,029
Interest and debt expense (50,839)(32,218)(30,310)(32,745)(35,189)(42,712)
Other undisclosed loss from continuing operations before equity method investments, income taxes (3,982)     
Income from continuing operations before equity method investments, income taxes: 132,679141,68696,734169,299193,021185,693
Income from equity method investments 3,5912,5083,2625,32773215
Other undisclosed income from continuing operations before income taxes     28,19712
Income from continuing operations before income taxes: 136,270144,19499,996174,626221,950185,720
Income tax expense (27,652)(25,415)(25,957)(131,145)(75,761)(55,702)
Income from continuing operations: 108,618118,77974,03943,481146,189130,018
Income before gain (loss) on sale of properties: 108,618118,77974,03943,481146,189130,018
Other undisclosed net loss     (28,197) 
Net income: 108,618118,77974,03943,481117,992130,018
Net income (loss) attributable to noncontrolling interest 161773246(197) 
Other undisclosed net loss attributable to parent      (12)
Net income attributable to parent: 108,634118,79674,11243,727117,795130,006
Undistributed earnings (loss) allocated to participating securities, basic (1,620)(1,765)✕✕✕✕
Other undisclosed net loss available to common stockholders, basic   (1,001)(354)(1,047)(60)
Net income available to common stockholders, diluted: 107,014117,03173,11143,373116,748129,946

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income: 108,618118,77974,03943,481117,992130,018
Other comprehensive income (loss) (9,578)27,892(24,154)10,562(37,313)10,922
Comprehensive income: 99,040146,67149,88554,04380,679140,940
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 161773246(197) 
Other undisclosed comprehensive loss, net of tax, attributable to parent      (12)
Comprehensive income, net of tax, attributable to parent: 99,056146,68849,95854,28980,482140,928

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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