On Oct. 30, Verizon
- Revenues narrowly beat analyst estimates. Excluding charges, non-GAAP earnings were $0.68, also coming in ahead of estimates.
- Sales increased by 25.8% as the company added 1.9 million wireless customers and 120,000 more broadband and video customers.
- Diluted EPS decreased by 3.1% to $0.62 because of a 3.8% increase in diluted shares.
- Free cash flow increased by 52%.
(Figures in millions, except per-share data)
Income Statement Highlights|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$23,028 |
$23,254 |
$18,486 |
25.8% |
|
Net Profit* |
-- |
$1,798 |
$1,792 |
0.3% |
|
EPS |
$0.66 |
$0.62 |
$0.64 |
(3.1%) |
|
Diluted Shares |
-- |
2,923 |
2,817 |
3.8% |
Get back to basics with a look at the income statement.
Margin Checkup
Q3 2006 | Q3 2005 | Change* | |
|---|---|---|---|
Gross Margin | 61.37% | 65.59% | (4.22) |
Operating Margin | 16.87% | 18.92% | (2.05) |
Net Margin | 8.27% | 10.11% | (1.84) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $3,435 | $1,824 | 88.3% |
Accounts Rec. | $10,834 | $9,337 | 16.0% |
Inventory | $1,650 | $1,503 | 9.8% |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $14,501 | $12,760 | 13.6% |
Long-Term Debt | $30,154 | $34,391 | (12.3%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
YTD 2006 | YTD 2005 | Change | |
|---|---|---|---|
Cash From Ops. | $18,251 | $15,275 | 19.5% |
Capital Expenditures | $12,318 | $11,363 | 8.4% |
Free Cash Flow | $5,933 | $3,908 | 51.8% |
Find out why Fools always follow the money.
Related Companies:
- BellSouth
(NYSE:BLS) - AT&T
(NYSE:T) - BCE
(NYSE:BCE)
Related Foolishness:
AT&T is a former selection of Motley Fool Stock Advisor, Tom and David Gardner's market-beating newsletter service. Try out Stock Advisor today, and we'll send youa report detailing the Fool's top two picks and the Market's dirtiest secret!
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.
