On Feb. 16, Strayer Education (NASDAQ:STRA) released 2005 earnings for the period ended Dec. 31.
- Revenue increased 20%, and net profit jumped 16.5%.
- EPS increased 19% on 316,000 fewer shares outstanding.
- Cash flow fell because of higher tuition receivables in 2005 and cash tax benefit in 2004.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
2005 |
2004 |
% Change | |
|---|---|---|---|---|
|
Sales |
$220,740 |
$220,507 |
$183,194 |
+20.4% |
|
Net Profit |
-- |
$48,065 |
$41,240 |
+16.5% |
|
EPS |
$3.22 |
$3.26 |
$2.74 |
+19.0% |
Get back to basics with a look at the income statement.
Margin Checkup
|
2005 |
2004 |
Change | |
|---|---|---|---|
|
Gross Margin |
65.09% |
65.14% |
-0.05 |
|
Op. Margin |
33.95% |
35.75% |
-1.79 |
|
Net Margin |
21.80% |
22.51% |
-0.71 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
2005 |
2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$119,806 |
$122,757 |
-2.4% |
|
Inventory |
$- |
$- |
N/A |
|
Accounts Rec. |
$55,935 |
$41,669 |
+34.2% |
|
Liabilities |
2005 |
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% |
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 Q4: 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.
