On Mar. 2, World Wrestling Entertainment (NYSE:WWE) released Q3 2006 earnings for the period ending Jan. 27, 2006.
- EPS of $0.19 topped analyst consensus estimates of $0.11.
- Live event revenue increased 61%, to $18.2 million because of a larger number of international events.
- Television advertising revenue dropped considerably as a result of the move to the USA Network.
- Free cash flow increased 25%.
(Figures in thousands, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$85,920 |
$103,042 |
$82,719 |
24.6% |
|
Net Profit |
-- |
$13,599 |
$10,919 |
24.5% |
|
EPS |
$0.11 |
$0.19 |
$0.16 |
18.8% |
Get back to basics with a look at the income statement.
Margin Checkup|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Gross Margin |
45.47% |
46.29% |
(0.82%) |
|
Op. Margin |
20.10% |
14.99% |
5.11% |
|
Net Margin |
13.20% |
13.20% |
(0.00%) |
Margins are the earnings engine. See how they work.
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$278,006 |
$258,055 |
7.7% |
|
Inventory |
$2,227 |
$1,057 |
110.7% |
|
Accounts Rec. |
$66,848 |
$61,901 |
8.0% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Long-Term Debt |
$6,593 |
$7,198 |
(8.4%) |
|
Accounts Pay. |
$18,932 |
$15,669 |
20.8% |
Cash Flow Highlights*
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops |
$10,358 |
$8,867 |
16.8% |
|
Capital Expend. |
$838 |
$1,250 |
(33.0%) |
|
Free Cash Flow |
$9,520 |
$7,617 |
25.0% |
Find out why Fools always follow the money.
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Related Foolishness:
- Review WWE's second-quarter earnings
- Foolish Fundamentals: Valuation
- Foolish Fundamentals: Free Cash Flow
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 Fool, we believe numbers tell only part of the story, so check Fool.com for more in-depth discussions of what the numbers mean.
At the time of publication, Fool analyst Joseph Khattab owned shares of WWE. Fool rules are here.
