On March 1, Pacific Ethanol
- Fourth-quarter revenue increased by 123.3% year over year to $80.6 million as a result of higher ethanol production at the company's Madera plant and the acquisition of a 42% interest in Front Range Energy.
- The company aims to have annual ethanol production capacity of 420 million gallons by the end of 2010 -- a significant target, considering that the company sold only 101.7 million gallons in 2006.
- The company was able to pass on raw-material price increases. Year-over-year revenue and cost of goods sold, each per gallon of ethanol sold, increased 20% and 19% to $2.26 and $2.17, respectively.
- In Motley Fool CAPS, 236 players peg Pacific Ethanol as an outperform. Come and join the CAPS discussion for free!
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$80,553 |
$36,067 |
123.3% |
|
Net Profit |
($4,152) |
($5,115) |
N/A |
|
EPS |
($0.11) |
($0.18) |
N/A |
|
Diluted Shares |
39,266 |
28,699 |
36.8% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
14.6% |
3.7% |
10.9 |
|
Operating Margin |
0.5% |
(13.1%) |
13.6 |
|
Net Margin |
(3.9%) |
(14.2%) |
10.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $83,172 | $7,271 | 1,043.9% |
Accounts Rec. | $29,322 | $4,948 | 492.6% |
Inventory | $7,595 | $363 | 1,992.3% |
Liabilities | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Long-Term Debt | $28,970 | $0 | N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
The company did not provide a statement of cash flows with its earnings release. Boo!
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Related Foolishness:
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