On Dec. 29, Apple Computer
- And it looks good, too. Those iPods and Intel Macs keep selling like hotcakes, this time on the back of substantial back-to-school promotions. This Fool discussed that when the preliminary results were released back in October.
- There were plenty of large changes on the balance sheet, leading to weaker operating cash flows. Regardless, Apple pressed on with substantial capital spending this year.
- We're only weeks away from the next quarterly report, this time for the holiday season. Expect some fireworks, amigo. To see what our Motley Fool CAPS community thinks of Apple or to share your own thoughts, log onto CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$4,837.0 |
$3,678.0 |
31.5% |
Net Profit |
$542.0 |
$428.0 |
26.6% |
EPS |
$0.62 |
$0.49 |
26.5% |
Diluted Shares |
878.8 |
866.5 |
1.4% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
29.2% |
28.1% |
1.1 |
Operating Margin |
12.6% |
11.3% |
1.2 |
Net Margin |
11.2% |
11.6% |
(0.4) |
Margins are the earnings engine. See how they work.
Management Effectiveness
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Return On Average Assets |
15.1% |
15.6% |
(0.5) |
Return On Average Equity |
24.9% |
24.0% |
0.9 |
See how management puts its financial tools to work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$10,110.0 |
$8,261.0 |
22.4% |
Accounts Rec. |
$1,252.0 |
$895.0 |
39.9% |
Inventory |
$270.0 |
$165.0 |
63.6% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$3,390.0 |
$1,779.0 |
90.6% |
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 |
YTD 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$2,220.0 |
$2,535.0 |
(12.4%) |
Capital Expenditures |
$657.0 |
$260.0 |
152.7% |
Free Cash Flow |
$1,563.0 |
$2,275.0 |
(31.3%) |
Find out why Fools always follow the money.
Related Companies:
-
Microsoft
(NASDAQ:MSFT) -
Dell
(NASDAQ:DELL) -
Hewlett-Packard
(NYSE:HPQ)
Related Foolishness:
- Apple's Hot Summer, Finally: Fool by Numbers
- 2006 in Review: Apple
- A New Media Rebel?
- The One Stock You Must Buy
Intel, Microsoft, and Dell are Motley Fool Inside Value picks, while Dell is also recommended in Stock Advisor. Learn about the reasons why with a free 30-day trial.
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At the time of publication, Fool contributor Anders Bylund had no position in any company mentioned. Fool rules are here.