On May 7, Motley Fool Income Investor selection National Fuel Gas
• Decreased revenue was offset by stronger margins and share buybacks, leading to a slight increase in EPS.
• Free cash flow increased by 31.5% to $142.4 on account of higher cash flow from operations combined with lower capital expenditures.
• National Fuel Gas sports only a two-star rating in Motley Fool CAPS, our investor intelligence database.
(Figures in millions, except per-share data.)
Income Statement Highlights
Q2 2007 |
Q2 2006 |
Change |
|
---|---|---|---|
Sales |
$812.2 |
$891.0 |
(8.8%) |
Net Profit |
$78.4 |
$78.6 |
(0.2%) |
EPS |
$0.92 |
$0.91 |
1.1% |
Diluted Shares |
85.0 |
86.3 |
(1.4%) |
Get back to basics with the income statement.
Margin Checkup
Q2 2007 |
Q2 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
41.3% |
36.4% |
4.9 |
Operating Margin |
18.2% |
15.6% |
2.6 |
Net Margin |
9.7% |
8.8% |
0.8 |
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$121.8 |
$98.1 |
24.2% |
Accounts Rec. |
$335.7 |
$358.0 |
(6.2%) |
Inventory |
$62.8 |
$64.3 |
(2.3%) |
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
---|---|---|---|
Accounts Payable |
$167.0 |
$145.4 |
14.8% |
Long-Term Debt |
$999.0 |
$1,114.4 |
(10.4%) |
The balance sheet reflects the company's health.
Cash Flow Highlights
YTD 2007 |
YTD 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$274.7 |
$243.2 |
12.9% |
Capital Expenditures |
$132.3 |
$135.0 |
(2%) |
Free Cash Flow |
$142.4 |
$108.2 |
31.5% |
Free cash flow is a Fool's best friend.
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