On Feb. 23, Morningstar
- Revenue increased 26%, slightly beating estimates .
- But accounts receivable jumped up 41%.
- Gross margins ticked up 2 percentage points to 72%.
(Figures in thousands, except per-share data)
Income Statement Highlights|
Avg. Est. |
FY 2005 |
FY 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$226,250 |
$227,114 |
$179,658 |
26.4 |
|
Net Profit |
-- |
$31,117 |
$8,809 |
253.2 |
|
EPS |
$0.68 |
$0.70 |
$0.21 |
233.3 |
Get back to basics with a look at the income statement.
Margin Checkup|
FY 2005 |
FY 2004 |
% Change |
|
|---|---|---|---|
|
Gross Margin |
71.64% |
69.55% |
2.09 |
|
Op. Margin |
20.47% |
9.87% |
10.59 |
|
Net Margin |
13.70% |
4.90% |
8.80 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
FY 2005 |
FY 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$153,190 |
$95,463 |
60.5 |
|
Inventory |
-- |
-- |
N/A |
|
Accounts Rec. |
$47,530 |
$33,668 |
41.2 |
|
Liabilities |
FY 2005 |
FY 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
-- |
-- |
N/A |
|
Accounts Pay. |
$13,664 |
$12,085 |
13.1 |
Inventories at work.
|
FY 2005 |
FY 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$48,445 |
$32,862 |
47.4 |
|
Capital Expend. |
$7,451 |
$7,730 |
(3.6) |
|
Free Cash Flow |
$40,994 |
$25,132 |
63.1 |
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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.
