Sotheby's (BID) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments179544496849694721768
Cash and cash equivalents179544496849694721768
Restricted cash and investments5362593033  
Receivables1,0858904789831,046989727
Inventory, net of allowances, customer advances and progress billings447415921521719292
Inventory447415921521719292
Prepaid expense262520   
Derivative instruments and hedges, assets0030    
Prepaid expense and other current assets28
Income taxes receivable 9
Other current assets8626   
Other undisclosed current assets4  34507047
Total current assets:1,3511,9021,2692,1102,0401,9721,671
Noncurrent Assets
Nontrade receivables17013 
Property, plant and equipment387352347354364379375
Long-term investments and receivables602508651654579348332
Long-term investments   42101115
Accounts and financing receivable, after allowance for credit loss602508651612569337317
Intangible assets, net (including goodwill), including:69626314141515
Goodwill56515014141514
Intangible assets, net (excluding goodwill)1311130(6)(7)(6)
Other undisclosed intangible assets, net (including goodwill)   0676
Regulated entity, other noncurrent assets 5     
Assets held-in-trust  2738505348
Other noncurrent assets227228139272033
Prepaid expense and other noncurrent assets57
Defined benefit plan, assets for plan benefits 67293718
Deferred tax assets, net  88   
Other undisclosed noncurrent assets3730  385659
Total noncurrent assets:1,3381,1851,2361,1641,095921904
TOTAL ASSETS:2,6893,0872,5043,2743,1352,8942,575
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:10190861921129478
Employee-related liabilities929468 898370
Taxes payable3182711142628
Other undisclosed accounts payable and accrued liabilities(22)(12)(9)1819(16)(20)
Debt14309772194181
Due to related parties   2851  
Deferred tax liabilities      0
Other liabilities131943916147
Other undisclosed current liabilities1,1211,0996077041,0831,031698
Total current liabilities:1,2491,5177431,1981,4291,142965
Noncurrent Liabilities
Long-term debt and lease obligation639653599615300515515
Long-term debt, excluding current maturities639653599615300515515
Liabilities, other than long-term debt6589921148296102
Accounts payable and accrued liabilities2038171921  
Accrued income taxes2219
Deferred compensation liability, classified  2639505245
Deferred tax liabilities, net  1040  0
Other liabilities46513916122238
Other undisclosed noncurrent liabilities295212565542445  
Total noncurrent liabilities:9999541,2561,270827611617
Total liabilities:2,2482,4701,9992,4672,2571,7541,582
Stockholders' equity
Stockholders' equity attributable to parent4416175058068781,139993
Common stock1111111
Treasury stock, value(839)(555)(510)(150)(25)  
Additional paid in capital464453445436409387368
Accumulated other comprehensive loss(72)(62)(90)(66)(77)(39)(50)
Retained earnings888780660586570791674
Stockholders' equity attributable to noncontrolling interest000010 
Total stockholders' equity:4416175068078781,140993
TOTAL LIABILITIES AND EQUITY:2,6893,0872,5043,2743,1352,8942,575

Income statement (P&L) ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Revenues1,036989805961938854768
Revenue, net197811191087
Cost of revenue(0)(0) (0)(96)(94)(72)
Cost of goods and services sold    (97)(93)(72)
Provision for loan, lease, and other losses(0)
Financial services costs(0) (0)1(0) 
Gross profit:1,036989805961842760697
Operating expenses(854)(819)(683)(760)(712)(631)(554)
Other undisclosed operating income00 0969472
Operating income:181170123202226223214
Nonoperating income6440264
Investment income, nonoperating1112232
Other nonoperating income (expense)523(1)033
Interest and debt expense(51)(32)(30)(33)(35)(43)(59)
Other undisclosed loss from continuing operations before equity method investments, income taxes(4)      
Income from continuing operations before equity method investments, income taxes:13314297169193186159
Income from equity method investments4335100
Other undisclosed income from continuing operations before income taxes    28015
Income from continuing operations before income taxes:136144100175222186175
Income tax expense(28)(25)(26)(131)(76)(56)(51)
Income before gain (loss) on sale of properties:1091197443146130123
Other undisclosed net loss    (28)  
Net income:1091197443118130123
Net income (loss) attributable to noncontrolling interest0000(0)  
Other undisclosed net loss attributable to parent     (0)(15)
Net income attributable to parent:1091197444118130108
Undistributed earnings (loss) allocated to participating securities, basic(2)(2)
Other undisclosed net loss available to common stockholders, basic  (1)(0)(1)(0) 
Net income available to common stockholders, diluted:1071177343117130108

Comprehensive Income ($ in millions)

12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
12/31/2012
Net income:1091197443118130123
Other comprehensive income (loss)(10)28(24)11(37)114
Comprehensive income:99147505481141127
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0000(0)  
Other undisclosed comprehensive loss, net of tax, attributable to parent     (0)(15)
Comprehensive income, net of tax, attributable to parent:99147505480141112

Statements sources

The financial statements are based on the company's filings with the 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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