On April 25, iPod architect Apple
- 36% growth in Mac computer sales and 24% growth in iPod sales led the strong quarter.
- Management expects revenue of about $5.1 billion and EPS of about $0.66 for its upcoming third quarter.
- Read resident conspiracy theorist Anders Bylund's take on Apple's quarter.
- Concerns that the stock may be getting ahead of itself could account for its middling three-star rating in Motley Fool CAPS.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$5,264.0 |
$4,359.0 |
20.8% |
|
Net Profit |
$770.0 |
$410.0 |
87.8% |
|
EPS |
$0.87 |
$0.47 |
85.1% |
|
Diluted Shares |
886.7 |
878.5 |
0.9% |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
35.1% |
29.8% |
5.4 |
|
Operating Margin |
18.7% |
12.1% |
6.6 |
|
Net Margin |
14.6% |
9.4% |
5.2 |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$12,577 |
$8,226 |
52.9% |
|
Accounts Rec. |
$928 |
$861 |
7.8% |
|
Inventory |
$208 |
$204 |
2% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$2,403 |
$2,108 |
14% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Alas, no help from management here.
Free cash flow is a Fool's best friend.
Related Foolishness:
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.
