On Feb. 15, Cimarex Energy (NYSE:XEC) released fourth-quarter earnings for the period ended Dec. 31.
- Revenue decreased by 31.2% primarily because of drops in oil and gas prices of 2% and 41%, respectively, from the same period of 2005.
- Management expects to spend $800 million to $1 billion on exploration and development capital expenditures in 2007.
- XEC is popular with Motley Fool CAPS players, as 42 All-Stars expect it to outperform the S&P 500.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$295.6 |
$429.5 |
(31.2%) |
|
Net Profit |
$58.7 |
$168.4 |
(65.1%) |
|
EPS |
$0.70 |
$1.98 |
(64.6%) |
|
Diluted Shares |
84.1 |
85.1 |
(1.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
79.3% |
86.7% |
(7.4) |
|
Operating Margin |
29.8% |
60.9% |
(31.0) |
|
Net Margin |
19.9% |
39.2% |
(19.3) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$47.0 |
$61.6 |
(23.8%) |
|
Accounts Rec. |
$306.5 |
$289.2 |
6.0% |
|
Inventory |
$39.4 |
$34.8 |
13.3% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$56.2 |
$81.9 |
(31.4%) |
|
Long-Term Debt |
$443.7 |
$352.5 |
25.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$201.3 |
$287.3 |
(29.9%) |
|
Capital Expenditures |
$246.9 |
$233.4 |
5.8% |
|
Free Cash Flow |
($45.6) |
$53.9 |
N/A |
Find out why Fools always follow the money.
Related Companies:
- Occidental Petroleum (NYSE:OXY)
- XTO Energy (NYSE:XTO)
- EOG Resources (NYSE:EOG)
- Denbury Resources (NYSE:DNR)
- Plains Exploration & Production (NYSE:PXP)
Related Foolishness:
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