Cox's Radio Still Fuzzy: Fool by Numbers

On Nov. 8, Cox Radio (NYSE: CXR  ) released third-quarter earnings for the period ended Sept. 30.

• Sales declined by 0.5% to $112.7 million, primarily because of decreased local revenues that were partially offset by increased national and other revenues.
• The 12% rise in net income was mostly thanks to lower income tax expenses.
• The company last year authorized a stock repurchase program of $100 million and has since repurchased shares worth $84.8 million.
• Cox Radio is not yet rated by the Motley Fool CAPS community. Be the first to make your opinion known! It's free.

(Figures in millions, except per-share data)

Income Statement Highlights

	Q3 2006	Q3 2005	Change
Sales	$112.7	$113.2	(0.5%)
Net Profit	$24.0	$21.5	11.6%
EPS	$0.25	$0.21	19.0%
Diluted Shares	95.5	100.7	(5.2%)

Get back to basics with a look at the income statement.

Margin Checkup

	Q3 2006	Q3 2005	Change*
Gross Margin	80.5%	81.2%	(0.7)
Operating Margin	36.3%	37.5%	(1.2)
Net Margin	21.3%	19.0%	2.3

*Expressed in percentage points

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Balance Sheet Highlights

No balance sheet provided. (Boo! Hiss!)

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Cash Flow Highlights

	YTD 2006	YTD 2005	Change
Cash From Ops.	$88.2	$82.8	6.5%
Capital Expenditures	$8.5	$8.4	1.6%
Free Cash Flow	$79.6	$74.4	7.0%

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Related Companies:

• Entercom Communications (NYSE: ETM  )
• Clear Channel (NYSE: CCU  )
• CBS (NYSE: CBS  )

Related Foolishness:

• Entercom's Radio Play
• XM and Google Ad it Up
• Clear Channel Getting Clearer?

Entercom is a Motley Fool Income Investor recommendation. To see why, take a free 30-day trial. For further research on stocks, check out CAPS, the Fool's newest community.

Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.