Sotheby's (BID) Income Statement

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Auction and related revenues
Finance revenues	11.14M
Dealer revenues
License fee revenues
Other revenues	4.71M
Total revenues	91.49M
Direct costs of services	5.14M
Dealer cost of sales
Marketing expenses
Salaries and related costs	70.47M
General and administrative expenses	39.36M
Depreciation and amortization expense
Restructuring charges, net	0
Total expenses	158.37M
Operating income	-66.87M
Interest income	295K
Interest expense	-7.55M
Other expense	633K
Income before taxes	-73.5M
Equity in earnings of investees, net of taxes	1.22M
Income tax expense	-17.78M
Net income	-54.47M
Basic earnings per share - Sotheby's common shareholders (see Note 3)	-0.99
Diluted earnings per share - Sotheby's common shareholders (see Note 3)	-0.99
Weighted average basic shares outstanding	55.01M
Weighted average diluted shares outstanding	55.01M
Cash dividends paid per common share	0

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