On Jan. 26, computer and technology direct marketer CDW
- The acquisition of Berbee Information Networks helped increase revenue by 13.5%. Excluding Berbee sales, revenue increased by 6.7% year over year.
- Although sales increased, the company's bottom line fell by $24 million to $53.6 million, because of a $25 million litigation settlement and increased operating expenses of $18.5 million from the Berbee acquisition.
- CDW is a solid four-star stock in Motley Fool CAPS.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,823.9 |
$1,607.0 |
13.5% |
|
Net Profit |
$53.6 |
$70.5 |
(24.0%) |
|
EPS |
$0.67 |
$0.86 |
(22.1%) |
|
Diluted Shares |
80.2 |
82.3 |
(2.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
15.6% |
15.5% |
0.1 |
|
Operating Margin |
4.5% |
6.7% |
(2.2) |
|
Net Margin |
2.9% |
4.4% |
(1.5) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$351.6 |
$571.8 |
(38.5%) |
|
Accounts Rec. |
$850.0 |
$637.3 |
33.4% |
|
Inventory |
$261.9 |
$243.6 |
7.5% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$354.3 |
$245.2 |
44.5% |
|
Long-Term Debt |
N/A |
N/A |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
CDW must be updating its computer software, because it forgot to include a cash flow statement in the press release.
Find out why Fools always follow the money.
Related Companies:
-
Dell
(NASDAQ:DELL) -
GTSI
(NASDAQ:GTSI) -
Insight Enterprises
(NASDAQ:NSIT)
Related Foolishness:
CDW and Dell are both Motley Fool Stock Advisor picks. Dell is also a Motley Fool Inside Value recommendation.
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.
