On Feb. 22, fashion footwear maker Skechers (NYSE:SKX) released 2005 earnings for the period ending Dec. 31.
- Revenue increased 9%, but accounts receivables grew 12%.
- Inventories fell 9%.
- Operating margins moved up two percentage points to 7.6%.
(Figures in thousands, except per-share data)
Income Statement Highlights|
Avg. Est. |
FY 2005 |
FY 2004 |
% Change | |
|---|---|---|---|---|
|
Sales |
$1,010,000 |
$1,006,477 |
$920,322 |
+9.4% |
|
Net Profit |
-- |
$44,717 |
$23,553 |
+89.9% |
|
EPS |
$1.06 |
$1.06 |
$0.59 |
+79.7% |
Get back to basics with a look at the income statement.
Margin Checkup|
FY 2005 |
FY 2004 |
% Change | |
|---|---|---|---|
|
Gross Margin |
41.78% |
40.30% |
1.48% |
|
Op. Margin |
7.58% |
5.35% |
2.23% |
|
Net Margin |
4.44% |
2.56% |
1.88% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
FY 2005 |
FY 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$197,007 |
$137,653 |
+43.1% |
|
Inventory |
$136,171 |
$149,757 |
-9.1% |
|
Accounts Rec. |
$134,600 |
$120,463 |
+11.7% |
|
Liabilities |
FY 2005 |
FY 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$107,288 |
$113,038 |
-5.1% |
|
Accounts Pay. |
$108,395 |
$93,694 |
+15.7% |
Find out why Fools always follow the money.
Cash Flow Highlights
Data not provided.
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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.
