On July 24, Countrywide Financial
- Total revenues dipped 15.1%, primarily because of weakness in the housing market and delinquencies and defaults across all mortgage products.
- The company increased its cash and investments on hand 17%; meanwhile, accounts payable increased by 15% and long-term debt inched 1.5% higher.
- Countrywide Financial declared a dividend of $0.15 per share. For fiscal 2007, the company anticipates earnings per share to be in the range of $2.70 to $3.30.
- Countrywide Financial carries a one-star rating (out of a potential five stars) in Motley Fool CAPS. Competitors Wells Fargo
(NYSE:WFC) and Bank of America(NYSE:BAC) both carry a three-star rating.
(Figures in millions, except per-share data.)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$2,548.4 |
$3,000.2 |
(15.1%) |
|
Net Profit |
$485.1 |
$722.2 |
(32.8%) |
|
EPS |
$0.81 |
$1.15 |
(29.6%) |
|
Diluted Shares |
595.5 |
626.6 |
(5.0%) |
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Operating Margin |
26.1% |
39.8% |
(13.7) |
|
Net Margin |
19.0% |
24.1% |
(5.0) |
Margins are the earnings engine.
Balance Sheet Highlights
|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$50,332.2 |
$43,010.3 |
17.0% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$8,914.2 |
$7,742.6 |
15.1% |
|
Long-Term Debt |
$77,669.1 |
$76,527.4 |
1.5% |
The balance sheet reflects the company's health.
Cash Flow Highlights
Cash flow data is unavailable.
Free cash flow is a Fool's best friend.
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Bank of America is a Motley Fool Income Investor recommendation. 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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
