On Dec. 29, computer and digital media maven Apple Computer
- This was indeed a fine quarter, just as we all thought back in July, before this restatement.
- Apple's debt-free cash balance rivals that of Google
(NASDAQ:GOOG) or even IBM(NYSE:IBM) . Whither all that cash, Steve? - Despite all the great results coming out of Cupertino, Apple is only a two-star stock in our Motley Fool CAPS community. Add your $0.02 to the debate today.
(Figures in millions, except per-share data)
Income Statement Highlights|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$4,370.0 |
$3,520.0 |
24.1% |
|
Net Profit |
$472.0 |
$319.0 |
48.0% |
|
EPS |
$0.54 |
$0.37 |
45.9% |
|
Diluted Shares |
876.4 |
860.8 |
1.8% |
Get back to basics with a look at the income statement.
Margin Checkup|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
30.3% |
29.7% |
0.7 |
|
Operating Margin |
13.0% |
12.1% |
0.9 |
|
Net Margin |
10.8% |
9.1% |
1.7 |
Margins are the earnings engine. See how they work.
Management Effectiveness|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Return on Average Assets |
13.0% |
12.4% |
0.6 |
|
Return on Average Equity |
21.0% |
19.3% |
1.6 |
See how management puts its financial tools to work.
Balance Sheet Highlights|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$9,176.0 |
$7,526.0 |
21.9% |
|
Accounts Rec. |
$1,089.0 |
$827.0 |
31.7% |
|
Inventory |
$213.0 |
$193.0 |
10.4% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$2,513.0 |
$1,530.0 |
64.2% |
|
Long-Term Debt |
$0.0 |
$0.0 |
N/A |
Learn the ways of the balance sheet.
Cash Flow Highlights|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$1,165.0 |
$1,783.0 |
(34.7%) |
|
Capital Expenditures |
$512.0 |
$164.0 |
212.2% |
|
Free Cash Flow |
$653.0 |
$1,619.0 |
(59.7%) |
Find out why Fools always follow the money.
Related Companies:
-
Microsoft
(NASDAQ:MSFT) -
Dell
(NASDAQ:DELL) -
Gateway
(NYSE:GTW)
Related Foolishness:
- 2006: Year of the Apple?
- 2006 in Review: Apple
- The Best Blue Chip for 2007: Apple
- Dueling Fools: Apple
- Apple Gets Creative
Dell and Microsoft are two of the official recommendations of our Motley Fool Inside Value newsletter, and Dell is also a Stock Advisor pick. Find out more with a free 30-day trial under your belt.
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.
At the time of publication, Fool contributor Anders Bylund had no position in any company mentioned. Fool rules are here .
