On Monday, cruise line operator Royal Caribbean
- Total sales grew 12% in what is traditionally Royal Caribbean's slowest quarter.
- Reported net yields for the quarter increased 3.3%. Net yields are similar to same-store sales, and for the company, they represent "cruise revenues earned by us net of our most significant variable costs."
- Diluted earnings were a positive $0.22 after last year's quarter was slow enough to result in a loss.
- Management expects a net yield increase of "around 3%" for 2007 and earnings of $3.05 to $3.20 per share. It's calling for first-quarter earnings of $0.03 to $0.08.
- Royal Caribbean is rated a three-star stock in the Motley Fool CAPS stock-rating database. Join the service for free today and make your opinion known.
(Figures in thousands, except per-share data)
Income Statement Highlights
Avg. Est. | Q4 2006 | Q4 2005 | Change | |
|---|---|---|---|---|
Sales | $1,160,000 | $1,153,215 | $1,029,640 | 12.0% |
Net Profit | -- | $46,624 | ($3,604) | N/A |
EPS | $0.20 | $0.22 | ($0.02) | N/A |
Diluted Shares | 213,743 | 210,313 | 1.6% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 | Q4 2005 | Change* | |
|---|---|---|---|
Operating Margin | 9.85% | 5.42% | 4.43 |
Net Margin | 4.04% | (0.35%) | 4.39 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $105,294 | $125,385 | (16.0%) |
Accounts Rec. | $227,680 | $95,254 | 139.0% |
Inventory | $76,969 | $57,803 | 33.2% |
Liabilities | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Accounts Payable | $198,907 | $159,910 | 24.4% |
Long-Term Debt | $5,040,322 | $3,553,892 | 41.8% |
Learn the ways of the balance sheet.
Cash Flow Highlights
FY 2006 | FY 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $948,506 | $1,111,360 | -14.7% |
Capital Expenditures | $1,180,582 | $429,898 | 174.6% |
Free Cash Flow | ($232,076) | $681,462 | -134.1% |
Find out why Fools always follow the money.
Related companies:
- Carnival
(NYSE:CCL) - Steiner Leisure
(NASDAQ:STNR) - Walt Disney
(NYSE:DIS)
Related Foolishness:
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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 checkFool.com for more of our in-depth discussion of what the numbers mean.
Fool contributor Ryan Fuhrmann is long shares of Royal Caribbean and Carnival but has no financial interest in any other company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.
