On Oct. 20, VF (NYSE:VFC) released Q3 earnings for the period ended Sept. 30.

  • Revenues beat analyst estimates by 3.45%, while EPS exceeded them by 4.2%.
  • Higher revenues across all business segments led to 11.6% growth in revenues.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q3 2006

Q3 2005

Change

Sales

$1,966

$2,034

$1,822

11.6%

Net Profit

--

$198

$180

10.1%

EPS

$1.68

$1.75

$1.57

11.5%

Diluted Shares

--

113

114

(0.9%)



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

42.32%

42.07%

0.25

Operating Margin

15.08%

15.81%

(0.73)

Net Margin

9.72%

9.86%

(0.14)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$154

$216

(28.5%)

Accounts Rec.

$1,191

$951

25.3%

Inventory

$1,196

$1,170

2.2%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$396

$356

11.1%

Long-Term Debt

$665

$528

26.2%



Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$27

$142

(81.0%)

Capital Expenditures*

$80

$76

4.9%

Free Cash Flow

($53)

$66

N/A

*Excluding acquisitions.

Find out why Fools always follow the money.

Related Companies:

  • Liz Claiborne (NYSE:LIZ)
  • Benetton Group (NYSE:BNG)
  • Gildan Activewear (NYSE:GIL)

Related Foolishness:

Looking for superior investing ideas? Try out any of our newsletter services free for 30 days.

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 checkFool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.