On Jan. 24, Steel Dynamics
- Revenues increased 47% as a result of 27% growth in consolidated shipments.
- FCF declined 23% because of significant increase in capital expenditure.
- Intensive capital spending in 2007 should increase production capacity to nearly 6.5 million tons by the end of 2008.
- Steel Dynamics is a four-star stock in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$839.8 |
$569.6 |
47.4% |
|
Net Profit |
$105.1 |
$64.9 |
61.8% |
|
EPS |
$1.03 |
$0.65 |
58.5% |
|
Diluted Shares |
102.3 |
100.3 |
2.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
27.3% |
24.6% |
2.7 |
|
Operating Margin |
20.9% |
20.0% |
0.9 |
|
Net Margin |
12.5% |
11.4% |
1.1 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$29.4 |
$65.5 |
(55.2%) |
|
Accounts Rec. |
$408.4 |
$253.5 |
61.1% |
|
Inventory |
$569.3 |
$386.9 |
47.2% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$147.9 |
$108.7 |
36.1% |
|
Long-Term Debt |
$358.2 |
$438.4 |
(18.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$101.5 |
$92.0 |
10.3% |
|
Capital Expenditures |
$44.3 |
$18.0 |
145.5% |
|
Free Cash Flow |
$57.2 |
$74.0 |
(22.7%) |
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 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.
