On Jan. 19, Biomet
- Net sales increased 5.2%, primarily driven by 9.4% growth in revenues from reconstructive products.
- Accounts receivable and inventory growth outpaced sales growth. That can be a troubling sign if it recurs several quarters in a row.
- On Dec. 18, the company announced that it would be taken off the market by a private equity group for $10.9 billion, or $44 per share in cash.
(Figures in millions, except per-share data)
Income Statement Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Sales |
$520.3 |
$494.7 |
5.2% |
Net Profit |
$103.2 |
$101.3 |
1.9% |
EPS |
$0.42 |
$0.41 |
2.4% |
Diluted Shares |
245.1 |
249.3 |
(1.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
70.9% |
71.8% |
(0.9) |
Operating Margin |
29.6% |
30.8% |
(1.2) |
Net Margin |
19.8% |
20.5% |
(0.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$105.0 |
$106.5 |
(1.4%) |
Accounts Rec. |
$554.3 |
$479.9 |
15.5% |
Inventory |
$563.2 |
$495.6 |
13.6% |
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Accounts Payable |
$56.9 |
$58.1 |
(2.1%) |
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2007 |
YTD 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$127.8 |
$178.9 |
(28.5%) |
Capital Expenditures |
$52.7 |
$50.7 |
4.0% |
Free Cash Flow |
$75.2 |
$128.2 |
(41.4%) |
Find out why Fools always follow the money.
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Related Foolishness:
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