On Oct. 31, Agere Systems (NYSE:AGR) released fourth-quarter earnings for the period ended Sept. 30.
- A decline in the networking and consumer segments led to a 6.7% drop in sales.
- Cash from operations and free cash flow declined, but GAAP EPS increased from $0.04 to $0.08.
- In its full-fiscal-year figures, the company reported its first-ever GAAP profit.
- Management is expecting fiscal Q1 revenue between $365 million and $390 million, with GAAP earnings between $0.08 and $0.13 per share.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$388 |
$416 |
(6.7%) |
|
Net Profit |
$14 |
$7 |
100% |
|
EPS |
$0.08 |
$0.04 |
100% |
|
Diluted Shares |
170 |
182 |
(6.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
47.94% |
45.43% |
2.51 |
|
Operating Margin |
3.61% |
4.57% |
(0.96) |
|
Net Margin |
3.35% |
1.68% |
1.67 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$406 |
$698 |
(41.8%) |
|
Accounts Rec. |
$243 |
$251 |
(3.2%) |
|
Inventory |
$116 |
$130 |
(10.8%) |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$152 |
$371 |
(59%) |
|
Long-Term Debt |
$362 |
$372 |
(2.7%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
($26) |
$23 |
N/A |
|
Capital Expenditures |
$7 |
$38 |
(81.6%) |
|
Free Cash Flow |
($33) |
($15) |
N/A |
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Related Foolishness:
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