IX Isn't There Yet: Fool by Numbers

On Nov. 8, Orix (NYSE: IX  ) released second-quarter earnings for the period ended Sept. 30.

• Revenues jumped 18.7% to $2.4 billion, driven by increased revenues from operating leases and interest on loans and investment securities.
  
  
• For fiscal 2007, the company expects revenues, operating income, and net income to grow by 19%, 27% and 17% respectively.
  
  
• Orix isn't yet rated by our Motley Fool CAPS community. Join the service for free and make your opinion known today!

(Figures in millions, except per-share data)

Income Statement Highlights

	Q2 2007	Q2 2006**	Change
Sales	$2,418	$2,037	18.7%
Net Profit	$352	$390	(9.7%)
EPS*	$3.91	$4.45	(12.1%)
Diluted Shares	90.0	87.6	2.7%

*EPS is calculated using six months' average shares.
**All FY 2006 numbers from the company 6-K filed on Nov. 25, 2005.

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

Margin Checkup

	Q2 2007	Q2 2006	Change*
Operating Margin	22.9%	28.7%	(5.8)
Net Margin	14.6%	19.2%	(4.6)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets	Q2 2007	Q2 2006	Change
Cash + ST Invest.*	$1,225	$1,620	(24.4%)
Accounts Rec.	$1,530	$1,262	21.2%
Inventory	$1,342	$1,017	32.0%

Liabilities	Q2 2007	Q2 2006	Change
Accounts Payable	$3,049	$2,718	12.2%
Long-Term Debt	$30,338	$26,155	16.0%

*Short-term investments include time deposits only.

Learn the ways of the balance sheet.

Cash Flow Highlights

	YTD 2007	YTD 2006	Change
Cash From Ops.	$1,407	$991	42.0%
Capital Expenditures*	$4,549	$4,505	1.0%
Free Cash Flow	($3,142)	($3,514)	N/A

*Purchase of lease equipment is used as capital expenditure.

Find out why Fools always follow the money.

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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 checkFool.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.