WH Smith PLC
LSE:SMWH
Income Statement
Earnings Waterfall
WH Smith PLC
Income Statement
WH Smith PLC
| Aug-2001 | Feb-2002 | Aug-2002 | Feb-2003 | Aug-2003 | Feb-2004 | Aug-2004 | Feb-2005 | Aug-2005 | Feb-2006 | Aug-2006 | Feb-2007 | Aug-2007 | Feb-2008 | Aug-2008 | Feb-2009 | Aug-2009 | Feb-2010 | Aug-2010 | Feb-2011 | Aug-2011 | Feb-2012 | Aug-2012 | Feb-2013 | Aug-2013 | Feb-2014 | Aug-2014 | Feb-2015 | Aug-2015 | Feb-2016 | Aug-2016 | Feb-2017 | Aug-2017 | Feb-2018 | Aug-2018 | Feb-2019 | Aug-2019 | Feb-2020 | Aug-2020 | Feb-2021 | Aug-2021 | Feb-2022 | Aug-2022 | Feb-2023 | Aug-2023 | Feb-2024 | Aug-2024 | Feb-2025 | Aug-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
20
|
3
|
0
|
2
|
0
|
1
|
0
|
11
|
0
|
11
|
0
|
2
|
0
|
2
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
1
|
1
|
1
|
1
|
0
|
1
|
2
|
2
|
2
|
2
|
3
|
5
|
11
|
20
|
22
|
24
|
30
|
34
|
39
|
45
|
48
|
48
|
49
|
46
|
|
| Revenue |
2 735
N/A
|
2 879
+5%
|
2 936
+2%
|
2 918
-1%
|
2 920
+0%
|
2 936
+1%
|
2 834
-3%
|
2 613
-8%
|
1 423
-46%
|
1 909
+34%
|
1 340
-30%
|
1 290
-4%
|
1 299
+1%
|
1 312
+1%
|
1 352
+3%
|
1 349
0%
|
1 340
-1%
|
1 325
-1%
|
1 312
-1%
|
1 282
-2%
|
1 273
-1%
|
1 252
-2%
|
1 243
-1%
|
1 216
-2%
|
1 186
-2%
|
1 161
-2%
|
1 161
N/A
|
1 159
0%
|
1 178
+2%
|
1 200
+2%
|
1 212
+1%
|
1 222
+1%
|
1 234
+1%
|
1 234
N/A
|
1 262
+2%
|
1 314
+4%
|
1 397
+6%
|
1 449
+4%
|
1 021
-30%
|
694
-32%
|
886
+28%
|
1 074
+21%
|
1 400
+30%
|
1 651
+18%
|
1 793
+9%
|
1 860
+4%
|
1 473
-21%
|
1 498
+2%
|
1 553
+4%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
0
|
0
|
(1 995)
|
(99)
|
(1 979)
|
(195)
|
(2 028)
|
0
|
(607)
|
0
|
(525)
|
0
|
(708)
|
0
|
(720)
|
0
|
(685)
|
0
|
(650)
|
0
|
(611)
|
0
|
(579)
|
0
|
(531)
|
0
|
(502)
|
0
|
(498)
|
0
|
(503)
|
0
|
(501)
|
0
|
(501)
|
0
|
(552)
|
0
|
(441)
|
0
|
(358)
|
0
|
(538)
|
0
|
(682)
|
0
|
(621)
|
0
|
(664)
|
|
| Gross Profit |
0
N/A
|
0
N/A
|
941
N/A
|
1 465
+56%
|
941
-36%
|
2 741
+191%
|
806
-71%
|
0
N/A
|
816
N/A
|
0
N/A
|
815
N/A
|
0
N/A
|
591
N/A
|
0
N/A
|
632
N/A
|
0
N/A
|
655
N/A
|
0
N/A
|
662
N/A
|
0
N/A
|
662
N/A
|
0
N/A
|
664
N/A
|
0
N/A
|
655
N/A
|
0
N/A
|
659
N/A
|
0
N/A
|
680
N/A
|
0
N/A
|
709
N/A
|
0
N/A
|
733
N/A
|
0
N/A
|
761
N/A
|
0
N/A
|
845
N/A
|
0
N/A
|
580
N/A
|
0
N/A
|
528
N/A
|
0
N/A
|
862
N/A
|
0
N/A
|
1 111
N/A
|
0
N/A
|
852
N/A
|
0
N/A
|
889
N/A
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2 608)
|
(2 764)
|
(832)
|
(2 702)
|
(892)
|
(2 818)
|
(837)
|
(2 503)
|
(769)
|
(1 830)
|
(755)
|
(1 242)
|
(524)
|
(1 224)
|
(558)
|
(1 275)
|
(574)
|
(1 241)
|
(572)
|
(1 191)
|
(571)
|
(1 157)
|
(567)
|
(1 111)
|
(550)
|
(1 052)
|
(544)
|
(1 039)
|
(556)
|
(1 070)
|
(578)
|
(1 085)
|
(595)
|
(1 093)
|
(618)
|
(1 168)
|
(693)
|
(1 286)
|
(633)
|
(841)
|
(560)
|
(1 057)
|
(750)
|
(1 522)
|
(932)
|
(1 681)
|
(701)
|
(1 346)
|
(744)
|
|
| Selling, General & Administrative |
0
|
0
|
(353)
|
0
|
(892)
|
0
|
(837)
|
0
|
(728)
|
0
|
(723)
|
0
|
(529)
|
0
|
(563)
|
0
|
(574)
|
0
|
(572)
|
0
|
(571)
|
0
|
(567)
|
0
|
(551)
|
0
|
(545)
|
0
|
(556)
|
0
|
(578)
|
0
|
(595)
|
0
|
(618)
|
0
|
(691)
|
0
|
(630)
|
0
|
(557)
|
0
|
(747)
|
0
|
(943)
|
0
|
(707)
|
0
|
(746)
|
|
| Depreciation & Amortization |
0
|
0
|
(52)
|
0
|
0
|
0
|
0
|
0
|
(41)
|
0
|
(37)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
| Other Operating Expenses |
(2 608)
|
(2 764)
|
(427)
|
(2 702)
|
0
|
(2 818)
|
0
|
(2 503)
|
0
|
(1 830)
|
5
|
(1 242)
|
5
|
(1 224)
|
5
|
(1 275)
|
0
|
(1 241)
|
0
|
(1 191)
|
0
|
(1 157)
|
0
|
(1 111)
|
1
|
(1 052)
|
1
|
(1 039)
|
0
|
(1 070)
|
0
|
(1 085)
|
0
|
(1 093)
|
0
|
(1 167)
|
0
|
(1 284)
|
0
|
(837)
|
0
|
(1 054)
|
0
|
(1 519)
|
14
|
(1 678)
|
9
|
(1 343)
|
5
|
|
| Operating Income |
127
N/A
|
115
-9%
|
109
-5%
|
117
+7%
|
49
-58%
|
(77)
N/A
|
(31)
+60%
|
110
N/A
|
47
-57%
|
79
+68%
|
60
-24%
|
48
-20%
|
67
+40%
|
88
+31%
|
74
-16%
|
74
N/A
|
81
+9%
|
84
+4%
|
90
+7%
|
91
+1%
|
91
N/A
|
95
+4%
|
97
+2%
|
105
+8%
|
105
N/A
|
109
+4%
|
115
+6%
|
120
+4%
|
124
+3%
|
130
+5%
|
131
+1%
|
137
+5%
|
138
+1%
|
141
+2%
|
143
+1%
|
146
+2%
|
152
+4%
|
163
+7%
|
(53)
N/A
|
(147)
-177%
|
(32)
+78%
|
17
N/A
|
112
+559%
|
129
+15%
|
179
+39%
|
179
N/A
|
151
-16%
|
152
+1%
|
145
-5%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
3
|
4
|
0
|
2
|
(1)
|
(4)
|
0
|
(6)
|
(8)
|
(11)
|
(9)
|
(5)
|
2
|
3
|
3
|
(1)
|
0
|
(1)
|
1
|
0
|
0
|
0
|
1
|
(1)
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(5)
|
(11)
|
(20)
|
(22)
|
(24)
|
(30)
|
(34)
|
(39)
|
(45)
|
(48)
|
(48)
|
(49)
|
(46)
|
|
| Non-Reccuring Items |
(16)
|
(45)
|
(33)
|
(41)
|
0
|
0
|
0
|
0
|
0
|
(5)
|
(7)
|
0
|
10
|
(10)
|
0
|
0
|
2
|
0
|
(1)
|
0
|
2
|
0
|
5
|
0
|
2
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
4
|
0
|
(7)
|
(26)
|
(12)
|
(19)
|
(207)
|
(212)
|
(60)
|
(47)
|
(15)
|
0
|
(24)
|
(38)
|
(38)
|
(108)
|
(97)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
7
|
0
|
(99)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
8
|
0
|
(3)
|
7
|
(5)
|
(99)
|
0
|
0
|
0
|
0
|
(3)
|
0
|
(1)
|
0
|
(1)
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
(1)
|
(4)
|
(3)
|
(4)
|
(4)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
114
N/A
|
74
-35%
|
84
+14%
|
78
-7%
|
52
-33%
|
(74)
N/A
|
(135)
-82%
|
5
N/A
|
39
+680%
|
63
+62%
|
44
-30%
|
43
-2%
|
76
+77%
|
81
+7%
|
76
-6%
|
73
-4%
|
82
+12%
|
83
+1%
|
89
+7%
|
91
+2%
|
93
+2%
|
95
+2%
|
102
+7%
|
103
+1%
|
103
N/A
|
105
+2%
|
112
+7%
|
115
+3%
|
121
+5%
|
129
+7%
|
131
+2%
|
134
+2%
|
140
+4%
|
139
-1%
|
134
-4%
|
117
-13%
|
135
+15%
|
133
-1%
|
(280)
N/A
|
(381)
-36%
|
(116)
+70%
|
(60)
+48%
|
63
N/A
|
90
+43%
|
110
+22%
|
93
-15%
|
65
-30%
|
(5)
N/A
|
2
N/A
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(42)
|
(37)
|
(37)
|
(39)
|
(29)
|
(14)
|
(13)
|
(18)
|
(9)
|
(9)
|
(12)
|
(14)
|
(16)
|
(19)
|
(17)
|
(15)
|
(18)
|
(19)
|
(20)
|
(19)
|
(20)
|
(19)
|
(22)
|
(25)
|
(22)
|
(20)
|
(20)
|
(19)
|
(20)
|
(22)
|
(23)
|
(23)
|
(24)
|
(25)
|
(26)
|
(25)
|
(27)
|
(28)
|
41
|
59
|
36
|
29
|
(10)
|
(16)
|
(22)
|
(20)
|
(27)
|
(27)
|
(44)
|
|
| Income from Continuing Operations |
72
|
37
|
47
|
39
|
23
|
(88)
|
(148)
|
(13)
|
30
|
54
|
32
|
29
|
60
|
62
|
59
|
58
|
64
|
64
|
69
|
72
|
73
|
76
|
80
|
78
|
81
|
85
|
92
|
96
|
101
|
107
|
108
|
111
|
116
|
114
|
108
|
92
|
108
|
105
|
(239)
|
(322)
|
(80)
|
(31)
|
53
|
74
|
88
|
73
|
38
|
(32)
|
(42)
|
|
| Income to Minority Interest |
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
(3)
|
0
|
1
|
(2)
|
(4)
|
(6)
|
(7)
|
(9)
|
(9)
|
(6)
|
(6)
|
(7)
|
|
| Net Income (Common) |
71
N/A
|
36
-49%
|
47
+31%
|
39
-17%
|
23
-41%
|
(88)
N/A
|
(148)
-68%
|
(13)
+91%
|
22
N/A
|
54
+145%
|
32
-41%
|
29
-9%
|
60
+107%
|
62
+3%
|
59
-5%
|
58
-2%
|
63
+9%
|
63
N/A
|
69
+10%
|
72
+4%
|
73
+1%
|
76
+4%
|
80
+5%
|
78
-3%
|
81
+4%
|
85
+5%
|
92
+8%
|
96
+4%
|
101
+5%
|
107
+6%
|
108
+1%
|
111
+3%
|
116
+5%
|
114
-2%
|
108
-5%
|
92
-15%
|
106
+15%
|
102
-4%
|
(239)
N/A
|
(321)
-34%
|
(82)
+74%
|
(35)
+57%
|
47
N/A
|
67
+43%
|
79
+18%
|
64
-19%
|
54
-16%
|
(6)
N/A
|
(144)
-2 300%
|
|
| EPS (Diluted) |
0.44
N/A
|
0.23
-48%
|
0.29
+26%
|
0.24
-17%
|
0.14
-42%
|
-0.56
N/A
|
-0.93
-66%
|
-0.09
+90%
|
0.13
N/A
|
0.35
+169%
|
0.2
-43%
|
0.17
-15%
|
0.33
+94%
|
0.38
+15%
|
0.35
-8%
|
0.37
+6%
|
0.41
+11%
|
0.42
+2%
|
0.46
+10%
|
0.49
+7%
|
0.51
+4%
|
0.56
+10%
|
0.6
+7%
|
0.6
N/A
|
0.64
+7%
|
0.69
+8%
|
0.76
+10%
|
0.81
+7%
|
0.86
+6%
|
0.92
+7%
|
0.94
+2%
|
0.99
+5%
|
1.04
+5%
|
1.03
-1%
|
0.98
-5%
|
0.84
-14%
|
0.97
+15%
|
0.91
-6%
|
-1.99
N/A
|
-2.45
-23%
|
-0.63
+74%
|
-0.27
+57%
|
0.36
N/A
|
0.5
+39%
|
0.6
+20%
|
0.49
-18%
|
0.41
-16%
|
-0.04
N/A
|
-1.13
-2 725%
|
|