On Friday, Jan. 5, transaction processor and money-transfer firm Global Payments (NYSE:GPN) released fiscal 2007 second-quarter earnings for the period ended Nov. 30, 2006. Here are the quick-and-dirty details for the quarter.
- Sales grew 18.7% to $260.7 million, continuing a trend of double-digit top-line gains.
- Total diluted earnings grew 11.1%, but only met analyst projections when excluding stock option expenses, causing the stock to fall more than 18%. Analysts are accustomed to Global Payments beating expectations.
- Free cash flow fell because of lower settlement processing inflows.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q2 2007 |
Q2 2006 |
Change | |
|---|---|---|---|---|
|
Sales |
$259,990 |
$260,697 |
$219,673 |
18.7% |
|
Net Profit |
-- |
$34,002 |
$30,613 |
11.1% |
|
EPS |
$0.44 |
$0.42 |
$0.37 |
13.5% |
|
Diluted Shares |
-- |
81,729 |
81,906 |
(0.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* | |
|---|---|---|---|
|
Gross Margin |
59.43% |
60.44% |
(1.01) |
|
Operating Margin |
20.06% |
22.77% |
(2.71) |
|
Net Margin |
13.04% |
13.94% |
(0.90) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$249,247 |
$131,696 |
89.3% |
|
Accounts Rec. |
$74,524 |
$62,237 |
19.7% |
|
Inventory |
No Data |
$2,728 |
NM |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$114,111 |
$79,857 |
42.9% |
|
Long-Term Debt |
$0 |
$0 |
NM |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q2 2007 |
Q2 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$114,219 |
$142,939 |
($28,720) |
|
Capital Expenditures |
$15,259 |
$12,538 |
$2,721 |
|
Free Cash Flow |
$98,960 |
$130,401 |
($31,441) |
Find out why Fools always follow the money.
Comparable companies:
- First Data Corp (NYSE:FDC)
- Western Union (NYSE:WU)
- Moneygram (NYSE:MGI)
Related Foolishness:
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