On Feb. 15, biopharmaceutical company Biogen Idec (NASDAQ:BIIB) released fourth-quarter earnings for the period ended Dec. 31.

  • Net sales increased by 11.9%, primarily because of a 6% increase in sales of Avonex, while Rituxan revenues were up by 20%.
  • The company expects total revenue to grow in the mid-teens over 2006, capital expenditures to be in the range of $250 million to $300 million, and earnings per share to be in the range of $1.69 to $1.84 for the full year 2007.
  • Biogen Idec is a three-star stock (out of five) in CAPS, our community-based stock-rating service.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$708.3

$632.9

11.9%

Net Profit

$108.6

$55.6

95.4%

EPS

$0.32

$0.16

100.0%

Diluted Shares

343.1

345.1

(0.6%)



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

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

91.2%

82.1%

9.1

Operating Margin

27.1%

14.7%

12.3

Net Margin

15.3%

8.8%

6.6

*Expressed in percentage points.

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Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$902.7

$850.8

6.1%

Accounts Rec.

$317.4

$265.7

19.4%

Inventory

$169.1

$182.8

(7.5%)



Data not available for liabilities.

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Cash Flow Highlights
A statement of cash flows was not provided. Boo!

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Related Companies:

  • Genentech (NYSE:DNA)
  • Amgen (NASDAQ:AMGN)
  • Elan (NYSE:ELN)
  • Gilead Sciences (NASDAQ:GILD)
  • Genzyme (NASDAQ:GENZ)

Related Foolishness:

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