On Feb. 24, Citizens Communications
- Revenue increased 3%, beating estimates.
- Gross margins fell a bit, but operating margins grew 5 percentage points.
- Income from investment gains boosted net income.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
---|---|---|---|---|
Sales |
$548,700 |
$556,112 |
$539,127 |
3.2 |
Net Profit |
-- |
$76,781 |
$16,780 |
357.6 |
EPS |
$0.14 |
$0.23 |
$0.05 |
360 |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2005 |
Q4 2004 |
% Change |
|
---|---|---|---|
Gross Margin |
91.06% |
91.28% |
(0.22) |
Op. Margin |
31.15% |
26.41% |
4.73 |
Net Margin |
13.81% |
3.11% |
10.69 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2005 |
Q4 2004 |
% Change |
---|---|---|---|
Cash+ ST Invest. |
$265,775 |
$163,759 |
62.3 |
Inventory |
$ -- |
$ -- |
N/A |
Accounts Rec.* |
$276,320 |
$282,999 |
(2.4) |
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
---|---|---|---|
Long-Term Debt |
$3,999,376 |
$4,266,998 |
(6.3) |
Accounts Pay. * |
$388,908 |
$410,405 |
(5.2) |
Inventories at work.
FY 2005 |
FY 2004 |
% Change |
|
---|---|---|---|
Cash From Ops |
$844,217 |
$711,437 |
18.7 |
Capital Expend. |
$268,459 |
$275,204 |
(2.5) |
Free Cash Flow |
$575,758 |
$436,233 |
32 |
Related Companies:
-
AT&T
(NYSE:T) -
BellSouth
(NYSE:BLS) -
France
Telecom
(NYSE:FTE) -
Qwest Communications
(NYSE:Q) -
Verizon Communications
(NYSE:VZ)
Related Foolishness:
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At the time of publication, Fool analyst Andy Cross owned shares in Citizens Communications and AT&T. Fool rules are here.