St. Jude Makes It Better: Fool by Numbers

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On April 19, St. Jude Medical (NYSE: STJ) released first-quarter earnings for the period ended March 31.

• St. Jude posted solid gains in both revenue and EPS.
• Fortune magazine named the company as one of "America's Most Admired Companies" for 2007.
• The company is expecting consolidated earnings per share for the full year 2007 to be in the range of $1.72 to $1.77. This was an increase over prior guidance.
• If you want the full scoop on St. Jude's earnings report, check out this Fool's Take.

(Figures in millions, except per-share data.)

Income Statement Highlights

	Q1 2007	Q1 2006	Change
Sales	$887.0	$784.4	13.1%
Net Profit	$145.7	$137.1	6.3%
EPS	$0.41	$0.36	13.9%
Diluted Shares	359.3	385.0	(6.7%)

Get back to basics with the income statement.

Margin Checkup

	Q1 2007	Q1 2006	Change*
Gross Margin	73.1%	73.4%	(0.4)
Operating Margin	23.0%	23.8%	(0.8)
Net Margin	16.4%	17.5%	(1.0)

*Expressed in percentage points.

Margins are the earnings engine.

Balance Sheet Highlights

Assets	Q1 2007	Q1 2006	Change
Cash + ST Invest.	$111.4	$392.7	(71.6%)
Accounts Rec.	$905.1	$784.9	15.3%
Inventory	$477.5	$403.9	18.2%

Liabilities	Q1 2007	Q1 2006	Change
Accounts Payable	No Data	No Data	No Data
Long-Term Debt	$1,112.2	$177.1	527.9%

The balance sheet reflects the company's health.

Cash Flow Highlights
A statement of cash flow was not provided.

Free cash flow is a Fool's best friend.

Related Foolishness:

• A Saintly Quarter  
• St. Jude's Juiced-Up Q4  
• All in a Week's Work  

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.