On Feb. 16, Strayer Education (NASDAQ:STRA) released Q4 2005 earnings for the period ended Dec. 31.
- Revenue increased 19%, and total student enrollment increased 16%.
- Operating margins fell 2 percentage points but actually exceeded management's earlier target of a 3-percentage-point drop.
- Net profit grew 13%, and EPS grew 16%, reflecting additional shares repurchased during the quarter.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change | |
|---|---|---|---|---|
|
Sales |
$62,290 |
$62,018 |
$52,268 |
+18.7% |
|
Net Profit |
-- |
$15,011 |
$13,279 |
+13.0% |
|
EPS |
$0.99 |
$1.03 |
$0.89 |
+15.7% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2005 |
Q4 2004 |
Change | |
|---|---|---|---|
|
Gross Margin |
67.10% |
67.00% |
0.10 |
|
Op. Margin |
37.59% |
39.74% |
-2.15 |
|
Net Margin |
24.20% |
25.41% |
-1.20 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$119,806 |
$122,757 |
-2.4% |
|
Inventory |
$- |
$- |
N/A |
|
Accounts Rec. |
$55,935 |
$41,669 |
+34.2% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$- |
$- |
N/A |
|
Accounts Pay. |
$6,402 |
$4,971 |
+28.8% |
Inventories at work.
Cash Flow Highlights*
|
2005 |
2004 |
% Change | |
|---|---|---|---|
|
Cash From Ops |
$55,143 |
$58,126 |
-5.1% |
|
Capital Expend. |
$12,275 |
$11,063 |
+11.0% |
|
Free Cash Flow |
$42,868 |
$47,063 |
-8.9% |
*Cash Flow data is for all of 2005.
Find out why Fools always follow the money.
Related Companies:
- Apollo Group (NASDAQ:APOL)
- Career Education (NASDAQ:CECO)
- Corinthian College (NASDAQ:COCO)
- DeVry (NYSE:DV)
- ITT Educational (NYSE:ESI)
Related Foolishness:
- Strayer Full-Year 2005: Fool by Numbers
- Financial Aid to Be Slashed
- Apollo, Was It Something We Said?
- Tuition for Just $24 or Less
- Is Apollo the Head of the Class?
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.
At the time of publication, Fool analyst Andy Cross did not own shares in any company mentioned. Fool rules are here .
