On Jan. 31, 2007, Creative Technology
- Revenues increased 8.6% to $424.4 million. A $100 million paid-up license payment from Apple
(NASDAQ:AAPL) for use of Creative ZEN patents boosted revenues; plus, the company witnessed strong sales for the MP3 players and Flash-based ZEN players. - Net income increased to $92.1 million, as the paid-up license from Apple contributed $82 million to the net income this quarter.
- Only 13 of 29 investors in CAPS think Creative Technologies can outperform the S&P 500. That's not a very ringing endorsement. Got an opinion? Let us hear it in CAPS, our community-intelligence database.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$424.4 |
$390.8 |
8.6% |
|
Net Profit |
$92.1 |
$8.2 |
n/m* |
|
EPS |
$1.10 |
$0.10 |
n/m* |
|
Diluted Shares |
84.0 |
83.5 |
0.6% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
40.2% |
21.9% |
18.4 |
|
Operating Margin |
24.4% |
1.9% |
22.5 |
|
Net Margin |
21.7% |
2.1% |
19.6 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$234.4 |
$200.4 |
17.0% |
|
Accounts Rec. |
$190.9 |
$204.3 |
(6.5%) |
|
Inventory |
$201.2 |
$301.1 |
(33.2%) |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$63.3 |
$114.0 |
(44.5%) |
|
Long-Term Debt |
$205.2 |
$207.0 |
(1.0%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data provided. Boo!
Find out why Fools always follow the money.
Related Companies:
-
Analog Devices
(NYSE:ADI) -
Avid Technology
(NASDAQ:AVID) -
ESS Technology
(NASDAQ:ESST)
Related Foolishness:
- Foolish Forecast: Creative Getting Cramped
- Creative: Hot Air, Cold Earnings
- A Blanket Wraps Secure Computing
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