On Nov. 15, multinational services and manufacturing giant (and Motley Fool Inside Value pick) Tyco International
- Net profits include $0.12 per share of net pro forma gains in the fourth quarter, if you want to compare results to analyst forecasts on an apples-to-apples basis. Items include legal settlements, tax gains, and various restructuring charges.
- A lower debt load and higher interest on investments widened net margins despite lower operating efficiency.
- Most of your fellow Fools seem to appreciate this company, judging by our CAPS community. One hundred bullish ratings, 25 of whom are all-star players, vs. 15 bears with no top performers among them, make this a three-star stock. Add your own insights here.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|---|
Sales |
$40,920 |
$40,960.0 |
$39,305.0 |
4.2% |
Net Profit |
-- |
$4,075.0 |
$3,057.0 |
33.3% |
EPS |
$1.82 |
$1.96 |
$1.41 |
39% |
Diluted Shares |
-- |
2084.0 |
2167.0 |
(3.8%) |
Get back to basics with a look at the income statement.
Margin Checkup
FY 2006 |
FY 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
33.39% |
34.94% |
(1.55) |
Operating Margin |
13.36% |
14.74% |
(1.38) |
Net Margin |
9.95% |
7.78% |
2.17 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
FY 2006 |
FY 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$2,926.0 |
$3,212.0 |
(8.9%) |
Accounts Rec. |
$7,064.0 |
$6,657.0 |
6.1% |
Inventory |
$4,794.0 |
$4,144.0 |
15.7% |
Liabilities |
FY 2006 |
FY 2005 |
Change |
---|---|---|---|
Accounts Payable |
$3,527.0 |
$3,019.0 |
16.8% |
Long-Term Debt |
$10,173.0 |
$12,529.0 |
(18.8%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$5,594.0 |
$6,154.0 |
(9.1%) |
Capital Expenditures |
$1,569.0 |
$1,354.0 |
15.9% |
Free Cash Flow |
$4,025.0 |
$4,800.0 |
(16.1%) |
Find out why Fools always follow the money.
Cash Conversion Checkup
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|
Days in Inventory |
59.8 |
59.4 |
0.4 |
Days in Receivables |
61.1 |
59.2 |
1.9 |
Days Payables Outstanding |
43.8 |
40.3 |
3.5 |
Cash Conversion Cycle |
77.1 |
78.3 |
(1.2) |
Read up on cash conversion metrics.
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Related Foolishness:
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At the time of publication, Fool contributor Anders Bylund had no position in any company mentioned. Fool rules are here .