On Aug. 2, Jones Soda
- While the demand for Jones Soda hasn't fizzled away, the company's higher costs trickled down to the bottom line, causing profits to plummet 98.2%.
- Rising selling, general, and administrative expenses combined with the costs of the delayed rollout of a new canned product caused margins to sharply decline.
- Inventory accumulated on the balance sheet, rising 73%, because of a seasonal buildup and an increase in raw materials related to the production of finished goods.
- Jones Soda doesn't look too appealing among the Motley Fool CAPS community, as it's currently rated two stars, out of a possible five. Of course it's tough competing in an industry where your rivals are Coca-Cola
(NYSE:KO) and Cadbury Schweppes(NYSE:CSG) .
(Figures in thousands, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$13,012.5 |
$10,026.0 |
29.8% |
|
Net Profit |
$40.7 |
$2,313.8 |
(98.2%) |
|
EPS |
$0.00 |
$0.10 |
N/A |
|
Diluted Shares |
26,385.7 |
22,991.5 |
14.8% |
Get back to basics with the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
34.2% |
38% |
(3.8) |
|
Operating Margin |
(3.9%) |
8.3% |
(12.2) |
|
Net Margin |
0.3% |
23.1% |
(22.8) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$30,542.2 |
$30,937.6 |
(1.3%) |
|
Accounts Rec. |
$5,835.5 |
$4,779.9 |
22.1% |
|
Inventory |
$7,865.4 |
$4,539.5 |
73.3% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable* |
$6,746.4 |
$4,736.3 |
42.4% |
|
Long-Term Debt |
$544.4 |
$38.6 |
1,311.8% |
The balance sheet reflects the company's health.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
($464.5) |
$1,356.7 |
N/A |
|
Capital Expenditures |
$438.6 |
$177.0 |
147.8% |
|
Free Cash Flow |
($903.1) |
$1,179.7 |
N/A |
Free cash flow is a Fool's best friend.
Related Foolishness:
Coca-Cola is a Motley Fool Inside Value recommendation.
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.
