On Nov. 3, Duke Energy
- Operating revenues grew 37.8% to $4.2 billion, driven by 53% growth in U.S. franchised Electric and Gas and 537% growth in Commercial Power.
- But earnings from continuing operations dropped off 22%.
- Cash from operations and free cash flow both grew by 10%.
- "With two quarters of combined operations in the books," said CEO James E. Rogers, "The new Duke Energy is making good progress in capturing the savings and realizing the promise of the Cinergy merger."
- Our Motley Fool CAPS players are pretty bullish on the stock; it has a four-star rating in our Foolish investment community.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales* |
$4,174 |
$3,028 |
37.8% |
|
Net Profit* |
$717 |
$924 |
(22.4%) |
|
EPS* |
$0.56 |
$0.96 |
(41.7%) |
|
Diluted Shares |
1,263 |
964 |
31.0% |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 | Q3 2005 | Change* | |
|---|---|---|---|
Gross Margin | 22.2% | 29.4% | (7.2) |
Operating Margin | 28.8% | 50.6% | (21.8) |
Net Margin | 17.2% | 30.5% | (13.3) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $820 | $377 | 117.5% |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Long-Term Debt | $18,678 | $14,547 | 28.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 | YTD 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $2,752 | $2,486 | 10.7% |
Capital Expenditures | $322 | $276 | 16.7% |
Free Cash Flow | $2,430 | $2,210 | 10.0% |
Find out why Fools always follow the money.
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- E.ON
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(NYSE:D) - Southern
(NYSE:SO) - FPL Group
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Related Foolishness:
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