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CIK 823094

Sotheby's
CIK 0000823094 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
40.2
composite ยท 5 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2018-12-31 ยท ELEVATED51.4

Earnings quality

Beneish M-Score -1.82 in the elevated zone
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2019-02-28) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -1.815,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 1.256,
    "GMI": 1,
    "AQI": 1.311,
    "SGI": 0.98,
    "DEPI": 0.978,
    "SGAI": 1,
    "LVGI": 0.999,
    "TATA": 0.069
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": 0.0646,
  "inputs": {
    "revenue_t": 1035740000,
    "revenue_t1": 1057380000,
    "total_assets_t": 2689088000,
    "net_income_t": 108634000,
    "cfo_t": -77812000
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/823094/000082309419000011/0000823094-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-28"
  }
}
P-05 ยท FY 2014-12-31 ยท CLEAN0.0

Tax arbitrage

[FY2014 data, stale โ€” no more recent pretax-income figure in XBRL] ETR 34.1% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2017-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2014-12-31": 0.3413,
    "2013-12-31": 0.2977,
    "2012-12-31": 0.2941
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2014-12-31": -0.1313,
    "2013-12-31": -0.0877,
    "2012-12-31": -0.0841
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": true,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/823094/000082309417000009/0000823094-17-000009-index.htm",
    "form": "10-K",
    "filed": "2017-02-27"
  }
}
P-07 ยท FY 2014-12-31 ยท CLEAN0.0

Pension underfunding

[FY2014 data, stale โ€” no more recent pension disclosure in XBRL] DB plan 108% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2017-02-27) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 381935000,
  "plan_assets": 410928000,
  "funded_ratio": 1.0759,
  "deficit": 28993000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": true,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/823094/000082309417000009/0000823094-17-000009-index.htm",
    "form": "10-K",
    "filed": "2017-02-27"
  }
}
P-12 ยท FY 2018-12-31 ยท CLEAN18.9

Restatement predictor

F-Score 0.57 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2019-02-28) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.566,
  "probability": 0.00209,
  "components": {
    "rsst": 0.0646,
    "drec": 0.0633,
    "dinv": -0.0107,
    "soft": 0.7898,
    "dcs": -0.1934,
    "droa": 0.0019,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/823094/000082309419000011/0000823094-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-28"
  }
}
P-13 ยท FY 2018-12-31 ยท CLEAN0.0

Zombie / distress

Interest coverage 4.54x โ€” servicing debt from operations
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2019-02-28) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2018-12-31": 4.535,
    "2017-12-31": 5.142,
    "2016-12-31": 3.782,
    "2015-12-31": 6.16
  },
  "consecutive_years_below_1": 0,
  "altman_z_double_prime": 1.986,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": 181345000,
    "interest_expense_t": 39984000
  },
  "stale": false,
  "latest_filing_period": "2018-12-31",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/823094/000082309419000011/0000823094-19-000011-index.htm",
    "form": "10-K",
    "filed": "2019-02-28"
  }
}