On Feb. 13, investment manager AMVESCAP International (NYSE:AVZ) released fourth-quarter earnings for the period ended Dec. 31.

  • Revenues increased by 119%, largely because of 20% growth in AUM to $462 billion.
  • Net profit turned positive, primarily thanks to lower general and administrative expenses and restructuring charges.
  • The acquisition of exchange-traded fund provider Power Shares Capital helped the company attract more than 20 new funds, bringing the total to 70.
  • Motley Fool Income Investor recommendation AMVESCAP carries a two-star rating in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$655.3

$551.4

18.8%

Net Profit

$163.5

($5.0)

N/A

EPS

$0.20

($0.01)

N/A

Diluted Shares

816.3

810.1

0.8%



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

Margin Checkup

Q4 2006

Q4 2005

Change*

Operating Margin

38.2%

8.8%

29.4

Net Margin

25.0%

(0.9%)

25.9

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.*

$2,499.4

$1,917.8

30.3%

Accounts Rec.

$997.4

$805.3

23.9%

*Includes assets held for policyholders.

Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$1,384.3

$1,300.5

6.4%

Long-Term Debt

$972.7

$1,212.2

(19.8%)



Learn the ways of the balance sheet.

Cash Flow Highlights

2006

2005

Change

Cash From Ops.

$506.7

$430.1

17.8%

Capital Expenditures

$35.2

$36.0

(2.2%)

Free Cash Flow

$471.5

$394.1

19.6%



Find out why Fools always follow the money.

Related Companies:

  • Fortress Investment Group (NYSE:FIG)
  • UBS (NYSE:UBS)
  • Ameriprise Financial (NYSE:AMP)
  • T.Rowe Price Group (NASDAQ:TROW)
  • AllianceBernstein Holding (NYSE:AB)

Related Foolishness:

AllianceBernstein and Amvescap are Motley Fool Income Investor recommendations. Find more dividend superstars with a free 30-day trial of James Early's low-risk, high-reward newsletter service.

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