Cimarex Continues Cooling: Fool by Numbers
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)
|
*Expressed in percentage points.
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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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 check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
DocumentId: 522137, ~/articles/articlehandler.aspx, 7/7/2008 1:40:30 AM, No ticker
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