On Feb. 7, Disney (NYSE:DIS) released first-quarter earnings for the period ended Dec. 31.
- Excluding net gains related to dispositions, EPS increased 43% to $0.50 (from $0.35) on the back of record results from studio entertainment.
- Disney sold its 39.5% interest in E! Entertainment Television and 50% stake in Us Weekly for a gain of $1.1 billion.
- During the first quarter and through Feb. 2, the company repurchased 47 million shares at a cost of $1.6 billion.
- In Motley Fool CAPS, 960 players expect Disney to outperform the S&P 500.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Sales |
$9,725.0 |
$8,854.0 |
9.8% |
|
Net Profit* |
$1,701.0 |
$734.0 |
131.7% |
|
EPS* |
$0.79 |
$0.37 |
113.5% |
|
Diluted Shares |
2,148.0 |
1,999.0 |
7.5% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* | |
|---|---|---|---|
|
Operating Margin** |
28.1% |
13.3% |
14.8 |
|
Net Margin** |
17.5% |
8.3% |
9.2 |
**Includes net gains related to dispositions
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2,437.0 |
$1,819.0 |
34.0% |
|
Accounts Rec. |
$6,313.0 |
$5,265.0 |
19.9% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$6,916.0 |
$5,900.0 |
17.2% |
|
Long-Term Debt |
$10,629.0 |
$10,449.0 |
1.7% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$516.0 |
$579.0 |
(10.9%) |
|
Capital Expenditures |
$245.0 |
$203.0 |
20.7% |
|
Free Cash Flow |
$271.0 |
$376.0 |
(27.9%) |
Find out why Fools always follow the money.
Related companies:
- Comcast (NASDAQ:CMCSA)
- Time Warner (NYSE:TWX)
- DIRECTV Group (NYSE:DTV)
- Viacom (NYSE:VIA)
- CBS (NYSE:CBS)
Related Foolishness:
- Fool on Call: The Magic of Disney
- Fool on the Street: Disney Winning All Three Battles
- 2006 in Review: Disney
Disney and Time Warner are Motley Fool Stock Advisor recommendations. For more stocks from the top of Tom and David Gardner's list, try a free 30-day guest pass.
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