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 |
Margins are the earnings engine. See how they work.
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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