On Jan. 30, Paccar (NASDAQ:PCAR) released fourth-quarter earnings for the period ended Dec. 31, 2006.

  • Sales and financial-service revenues increased by 16.3% to $4.229 billion, from $3.635 billion in the same period last year.
  • Net profit rose 21.8% to $380.5 million, while EPS rose 24.6%, thanks to increasing net profit and a decreasing number of shares.
  • Among Motley Fool CAPS investors, 169 out of 198 think Paccar will outperform the S&P 500. Got your own opinion? Share it with us! Sign up for CAPS, our free community intelligence database.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$4,229.0

$3,635.0

16.3%

Net Profit

$380.5

$312.9

21.6%

EPS

$1.52

$1.22

24.6%

Diluted Shares

250.1

255.5

(2.1%)



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

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin**

14.8%

14.4%

0.4

Operating Margin**

11.7%

11.1%

0.6

Net Margin

9.0%

8.6%

0.4

*Expressed in percentage points
**Excludes financial services

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$2,628.0

$2,215.8

18.6%

Accounts Rec.

$665.0

$582.2

14.2%

Inventory

$693.7

$495.5

40.0%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$3,101.7

$2,589.3

19.8%

Long-Term Debt

$20.2

$28.8

(29.9%)



Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$1,852.7

$986.8

87.7%

Capital Expenditures

$954.3

$848.5

12.5%

Free Cash Flow

$898.4

$138.3

549.6%



Find out why Fools always follow the money.

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Related Foolishness:

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