On Aug. 11, Analog Devices (NYSE:ADI) released Q3 2006 earnings for the period ended July 29.
- Margins were relatively stable and slightly better than last year's, but lower-than-expected revenues led to an earnings shortfall.
- It's nice to see a technology company actually concentrating its shares, rather than diluting them.
- Free cash flow was much lower, because of $141 million of stock-based compensation costs accounted for in the cash flow statement.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$680 |
$664 |
$582 |
14% |
|
Net Profit |
-- |
$145 |
$121 |
19.2% |
|
EPS |
$0.44 |
$0.39 |
$0.32 |
21.9% |
|
Diluted Shares |
-- |
370 |
383 |
(3.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
58.78% |
58.07% |
0.71 |
|
Operating Margin |
22.43% |
23.11% |
(0.68) |
|
Net Margin |
21.8% |
20.84% |
0.96 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$2,516 |
$2,784 |
(9.6%) |
|
Other Current Assets |
$360 |
$302 |
19% |
|
Inventory |
$377 |
$346 |
9.1% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$166 |
$131 |
26.6% |
|
Long-Term Debt |
$60 |
$311 |
(80.8%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q2 2006 |
Q2 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$74 |
$180 |
(59%) |
|
Capital Expenditures |
$53 |
$19 |
182% |
|
Free Cash Flow |
$21 |
$161 |
(87.2%) |
Find out why Fools always follow the money.
Related Companies:
- STMicroelectronics (NYSE:STM)
- Texas Instruments (NYSE:TXN)
- Freescale Semiconductor (NYSE:FSL)
- Silicon Laboratories (NASDAQ:SLAB)
- Linear Technology (NASDAQ:LLTC)
- Cirrus Logic (NASDAQ:CRUS)
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