On Feb. 13, Blackboard
- Total company revenue grew 22% and free cash flow jumped 26%.
- Blackboard reported diluted EPS of $1.47, which beat estimates by $0.02 after accounting for the favorable tax benefit in Q4.
- Management lowered full-year 2006 earnings guidance, but forecasted 20% operating margins and 25% to 30% free cash flow growth.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
FY 2005 |
FY 2004 |
Change |
|
|---|---|---|---|---|
|
Sales |
$135,530 |
$135,664 |
$111,403 |
+21.8% |
|
Net Profit* |
-- |
$41,853 |
$10,049 |
+316.5% |
|
EPS* |
$0.93 |
$1.47 |
$0.21 |
+600.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
FY 2005 |
FY 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
70.64% |
69.61% |
+1.04% |
|
Op. Margin |
18.02% |
9.01% |
+9.01% |
|
Net Margin |
30.85% |
9.02% |
+21.83% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
FY 2005 |
FY 2004 |
Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$138,497 |
$98,149 |
+41.1% |
|
Inventory |
$1,806 |
$1,994 |
-9.4% |
|
Accounts Rec. |
$26,136 |
$21,686 |
+20.5% |
|
Liabilities |
FY 2005 |
FY 2004 |
Change |
|---|---|---|---|
|
Long-Term Debt |
-- |
-- |
N/A |
|
Accounts Pay. |
$ 1,833 |
$1,114 |
+64.5% |
Cash Flow Highlights
|
FY 2005 |
FY 2004 |
Change |
|
|---|---|---|---|
|
Cash From Ops |
$39,813 |
$32,731 |
+21.6% |
|
Capital Expend. |
$7,959 |
$7,440 |
+7.0% |
|
Free Cash Flow |
$31,854 |
$25,291 |
+25.9% |
Find out why Fools always follow the money.
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Related Blackboard Foolishness:
- Blackboard Passes the Test in Q4
- High Marks for Blackboard
- Blackboard Chalks Up a Deal
- Save the Trees, Go B!
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.
Blackboard is a Motley Fool Hidden Gems selection; Microsoft is a Motley Fool Inside Value pick. We have newsletters for every kind of investing.
At the time of publication, Fool analyst Andy Cross owned shares in Microsoft. Fool rules are here.
