On Feb. 6, "interactive conglomerate" IAC/InterActiveCorp
- For the full story, read our earnings take here.
- The company reported 8% revenue growth to $1.8 billion, driven by revenue growth across all segments, with the media and advertising segment growing 46%.
- Earnings from continued operations dropped by 98% because of operating costs, mainly the effect of a goodwill impairment charge to the tune of $214 million.
- The company did improve its cash position, with free cash flow at $562.9 million from a negative $305.4 million last year.
- IACI is a four-star stock (out of five) in CAPS, our interactive stock database.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$1,823.9 |
$1,691.3 |
7.8% |
Earnings from Continued Operations |
$2.7 |
$119.5 |
(97.8%) |
EPS from Continued Operations |
$0.01 |
$0.35 |
(97.1%) |
Diluted Shares |
309.0 |
344.0 |
(10.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
48.1% |
48.5% |
(0.4) |
Operating Margin |
(0.2%) |
11.3% |
(11.5) |
Net Margin |
0.2% |
7.1% |
(6.9) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$2,325.9 |
$2,475.1 |
(6.0%) |
Accounts and Notes Rec. |
$528.5 |
$426.7 |
23.9% |
Inventory |
$362.2 |
$335.9 |
7.8% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable* |
$592.4 |
$573.6 |
3.3% |
Long-Term Debt |
$857.1 |
$959.4 |
(10.7%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$814.3 |
($82.5) |
N/A |
Capital Expenditures |
$251.4 |
$222.9 |
12.8% |
Free Cash Flow |
$562.9 |
($305.4) |
N/A |
Find out why Fools always follow the money.
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Related Foolishness:
- Dial D for Diller
- IAC's Got Candy Everybody Wants
- Fool on the Street: Asking IAC/Interactive
- Why I'm Holding InterActiveCorp
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