On Oct. 31, "interactive conglomerate" IAC/InterActiveCorp
- Analysts tend to provide pro forma estimates, and adjusted accordingly, IAC exceeded expectations with EPS of $0.35. Items discounted to get there include stock-based compensation, amortization of intangibles, and gains from the sale of discontinued operations.
- Generous share buybacks helped boost per-share results, whether you like generally accepted accounting principles (GAAP) or pro forma numbers.
- A healthy cash-to-debt ratio, together with improving cash flows and stable margins, paints a picture of a healthy financial base for operations.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$1,610 |
$1,603.0 |
$1,444.4 |
11.0% |
|
Net Profit |
-- |
$74.9 |
$68.1 |
10.1% |
|
EPS |
$0.33* |
$0.24 |
$0.20 |
20.0% |
|
Diluted Shares |
309.2 |
347.8 |
(11.1%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
46.75% |
47.02% |
(0.27) |
|
Operating Margin |
6.83% |
1.33% |
5.50 |
|
Net Margin |
4.68% |
4.71% |
(0.03) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$1,874.2 |
$3,012.6 |
(37.8%) |
|
Accounts Rec. |
$546.2 |
$497.8 |
9.7% |
|
Inventory |
$425.9 |
$428.6 |
(0.6%) |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$665.5 |
$579.3 |
14.9% |
|
Long-Term Debt |
$871.6 |
$963.0 |
(9.5%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$145.4 |
-$595.9 |
N/A |
|
Capital Expenditures |
$60.5 |
$58.6 |
3.2% |
|
Free Cash Flow |
$84.9 |
-$654.5 |
N/A |
Find out why Fools always follow the money.
Related companies:
-
Yahoo!
(NASDAQ:YHOO) -
Expedia
(NASDAQ:EXPE) -
E.W. Scripps
(NYSE:SSP) -
Sabre Holdings
(NYSE:TSG)
Related Foolishness:
Yahoo! is a Motley Fool Stock Advisor recommendation. Click here to get the newsletter's special report absolutely free.
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 contributor Anders Bylund had no position in any company mentioned. Fool rules are here.
