On Oct. 20, 2006, oil services behemoth Schlumberger (NYSE:SLB) released third-quarter earnings for the period ended Sept. 30, 2006.
- Revenues and earnings beat estimates by $15 million and four pennies, respectively.
- Revenues grow 34% to $4.9 billion, thanks to continuing strength in seismic activity and increased demand for drilling services and well-placement technologies.
- EPS rises 84.1% to $0.81 because of increase in net income by 84.9% to $1 billion.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$4,940 |
$4,955 |
$3,698 |
34% |
|
Net Profit |
-- |
$1,000 |
$541 |
84.9% |
|
EPS |
$0.77 |
$0.81 |
$0.44 |
84.1% |
|
Diluted Shares |
-- |
1,244 |
1,232 |
1% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
32% |
25.3% |
6.7 |
|
Operating Margin |
26.4% |
19.2% |
7.2 |
|
Net Margin |
20.2% |
14.6% |
5.6 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,901 |
$3,003 |
(36.7%) |
|
Other Current Assets |
$6,091 |
$4,769 |
27.7% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$3,704 |
$3,122 |
18.7% |
|
Long-Term Debt |
$3,931 |
$3,744 |
5% |
Learn the ways of the balance sheet.
Cash Flow Highlights
I guess we're going to have to wait for some more pressure to extract a cash flow statement from the wellhead.
Find out why Fools always follow the money.
Related Companies:
- Baker Hughes (NYSE:BHI)
- BJ Services (NYSE:BJS)
- Halliburton (NYSE:HAL)
- Smith International (NYSE:SII)
Related Foolishness:
If you're looking for more great energy plays, check out Motley Fool Income Investor , where James Early and his team are always digging up promising stocks with dynamic dividends. Now you can sign up today for a free 30-day guest pass .
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. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.
