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
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 132,137124,332178,579156,272432,357335,728
Cash and cash equivalent 132,137124,332178,579156,272432,357335,728
Restricted cash and investments 38,01611,7394,8361,82428,97915,682
Receivables 959,625868,4811,085,327792,0061,199,390807,256
Inventory, net of allowances, customer advances and progress billings 32,20443,13743,63554,02432,63965,308
Inventory 32,20443,13743,63554,02432,63965,308
Prepaid expense 25,44032,79325,67239,83225,58632,444
Derivative instruments and hedges, assets 1,235415462670274377
Other current assets 10,4579,1578,14414,46215,0677,784
Other undisclosed current assets 4,1475,5584,3532,1892,335 
Total current assets: 1,203,2611,095,6121,351,0081,061,2791,736,6271,264,579
Noncurrent Assets
Operating lease, right-of-use asset 77,636 ✕✕✕✕
Nontrade receivables 17,96417,52916,6944,535327337
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization 405,657400,150386,736367,690356,162354,526
Long-term investments and receivables 714,918664,703602,389465,963390,507453,997
Accounts and financing receivable, after allowance for credit loss 714,918664,703602,389465,963390,507453,997
Intangible asset, including goodwill, after accumulated amortization 66,89467,75568,56669,63970,28371,149
Goodwill 55,54055,58155,57355,65855,67055,831
Intangible asset, excluding goodwill, after accumulated amortization 11,35412,17412,99313,98114,61315,318
Deferred income tax assets 31,849 ✕✕✕✕
Other noncurrent assets 232,409231,673226,660234,449229,813237,016
Other undisclosed noncurrent assets  105,89937,03531,91627,94834,306
Total noncurrent assets: 1,547,3271,487,7091,338,0801,174,1921,075,0401,151,331
TOTAL ASSETS: 2,750,5882,583,3212,689,0882,235,4712,811,6672,415,910
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including: 94,752107,930101,366101,919104,608106,558
Taxes payable 49,78232,18931,16942,38523,0128,160
Employee-related liabilities 71,88738,10792,21960,04762,16044,051
Other undisclosed accounts payable and accrued liabilities (26,917)37,634(22,022)(513)19,43654,347
Debt 26,53813,65313,60413,51413,42312,381
Other liabilities 14,47812,05613,26312,67511,78517,780
Other undisclosed current liabilities 1,023,448813,8501,120,556729,8981,276,753872,585
Total current liabilities: 1,159,216947,4891,248,789858,0061,406,5691,009,304
Noncurrent Liabilities
Long-term debt and lease obligation 701,704637,008638,786640,515648,411650,988
Long-term debt, excluding current maturities 639,689637,008638,786640,515648,411650,988
Liabilities, other than long-term debt 76,44562,55565,45055,27772,90883,857
Accounts payable and accrued liabilities 22,64821,61119,9338,70826,73738,305
Deferred income tax liabilities 14,008 ✕✕✕✕
Other liabilities 39,78940,94445,51746,56946,17145,552
Operating lease, liability 62,015 ✕✕✕✕
Other undisclosed noncurrent liabilities 320,000504,418294,569229,19077,03580,753
Total noncurrent liabilities: 1,098,1491,203,981998,805924,982798,354815,598
Total liabilities: 2,257,3652,151,4702,247,5941,782,9882,204,9231,824,902
Equity
Equity, attributable to parent 493,079431,694441,339452,326606,571590,814
Common stock 716716711711711711
Treasury stock, value (849,784)(849,784)(839,284)(740,805)(617,048)(579,891)
Additional paid in capital 477,107470,463463,623456,279458,712452,441
Accumulated other comprehensive loss (73,335)(71,069)(72,044)(66,480)(66,263)(55,624)
Retained earnings 938,375881,368888,333802,621830,459773,177
Equity, attributable to noncontrolling interest 144157155157173194
Total equity: 493,223431,851441,494452,483606,744591,008
TOTAL LIABILITIES AND EQUITY: 2,750,5882,583,3212,689,0882,235,4712,811,6672,415,910

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

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Revenues 361,778173,465375,147119,161345,636195,796
Cost of revenue   8 (59,449)(44)
Cost of product and service sold     (59,449) 
Provision for loan, lease, and other losses   8   
Financial services costs✕✕✕✕✕✕(44)
Gross profit: 361,778173,465375,155119,161286,187195,752
Operating expenses (267,191)(177,036)(253,872)(149,828)(261,810)(188,885)
Other undisclosed operating income (loss)   (8) 59,44944
Operating income (loss): 94,587(3,571)121,275(30,667)83,8266,911
Nonoperating income (expense) 1,9732,133(2,239)3,6742,9311,789
Investment income, nonoperating 286285118502482365
Other nonoperating income (expense) 1,6871,848(2,357)3,1722,4491,424
Interest and debt expense (13,604)(13,151)(11,693)(10,084)(8,894)(20,168)
Other undisclosed loss from continuing operations before equity method investments, income taxes     (3,982) 
Income (loss) from continuing operations before equity method investments, income taxes: 82,956(14,589)107,343(37,077)73,881(11,468)
Income from equity method investments 8531,528751,4761,234806
Income (loss) from continuing operations before income taxes: 83,809(13,061)107,418(35,601)75,115(10,662)
Income tax expense (benefit) (26,808)5,986(21,709)7,759(17,838)4,136
Income (loss) from continuing operations: 57,001(7,075)85,709(27,842)57,277(6,526)
Income (loss) before gain (loss) on sale of properties: 57,001(7,075)85,709(27,842)57,277(6,526)
Net income (loss): 57,001(7,075)85,709(27,842)57,277(6,526)
Net income attributable to noncontrolling interest 543454
Net income (loss) attributable to parent: 57,006(7,071)85,712(27,838)57,282(6,522)
Undistributed earnings (loss) allocated to participating securities, basic (412) (1,276) (844) 
Net income (loss) available to common stockholders, diluted: 56,594(7,071)84,436(27,838)56,438(6,522)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
3/31/2018
Q1
Net income (loss): 57,001(7,075)85,709(27,842)57,277(6,526)
Other comprehensive income (loss) (2,266)975(5,564)(217)(10,639)6,842
Comprehensive income (loss): 54,735(6,100)80,145(28,059)46,638316
Comprehensive income, net of tax, attributable to noncontrolling interest 543454
Comprehensive income (loss), net of tax, attributable to parent: 54,740(6,096)80,148(28,055)46,643320

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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