On Nov. 3, EntercomCommunications (NASDAQ:ETM) released third-quarter earnings for the period ended Sept. 30.

  • Net revenues declined 0.6% to $114.3 million, on a 2% decline in same-station net revenues.

  • Over the past four quarters, ETM has bought back 6.3 million shares of its common stock for $189.8 million.

  • Entercom is a two-star stock in the Motley Fool CAPS service. Add your opinion!

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$114.3

$115.0

(0.6%)

Net Profit

$16.2

$22.1

(26.8%)

EPS

$0.41

$0.48

(14.6%)

Diluted Shares

39.8

46.0

(13.4%)

Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Operating Margin

33.6%

36.1%

(2.5)

Net Margin

14.1%

19.2%

(5.1)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$14.2

$13.0

9.8%

Accounts Rec.

$86.5

$86.1

0.5%


Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$3.3

$1.3

153.8%

Long-Term Debt

$661.2

$493.3

34.1%

*Includes senior subordinated notes.

Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$68.4

$85.2

(19.7%)

Capital Expenditures

$9.4

($0.2)

N/A

Free Cash Flow

$59.0

$85.4

(30.9%)

Find out why Fools always follow the money.

Related Companies:

  • Clear Channel Communications (NYSE:CCU)
  • Sirius Satellite Radio (NASDAQ:SIRI)
  • XM Satellite Radio Holdings (NASDAQ:XMSR)

Related Foolishness:

Entercom is a Motley Fool Income Investor recommendation. To see what other income-boosting stocks the newsletter has picked, click here to take a free 30-day trial. XM is a Motley Fool Rule Breakers pick.

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