On Oct. 31, DreamWorks Animation (NYSE:DWA) released third-quarter earnings for the period ended Sept. 30.
- DreamWorks benefited from $6.4 million in net income, or $0.01 per diluted share, from renegotiating a vendor contract with Paramount.
- Thanks to new opportunities with Paramount and Nickelodeon and favorable market conditions, DreamWorks is shifting away from a direct-to-video strategy.
- Get the full rundown on DreamWorks' earnings.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change | |
|---|---|---|---|---|
|
Sales |
$38,825 |
$55,584 |
$87,107 |
(36.2%) |
|
Net Profit |
-- |
$10,467 |
($656) |
N/A |
|
EPS |
($0.02) |
$0.10 |
($0.01) |
N/A |
|
Diluted Shares |
-- |
103,432 |
103,092 |
0.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
46.50% |
36.22% |
10.28 |
|
Operating Margin |
15.97% |
11.05% |
4.92 |
|
Net Margin |
18.83% |
(0.75%) |
19.58 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$535,967 |
$433,635 |
23.6% |
|
Accounts Rec. |
$1,424 |
$8,413 |
(83.1%) |
|
Inventory |
$638,858 |
$565,787 |
12.9% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$4,175 |
$7,386 |
(43.5%) |
|
Long-Term Debt |
$118,269 |
$116,945 |
1.1% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$134,555 |
$401,299 |
(66.5%) |
|
Capital Expenditures |
$1,307 |
$3,733 |
(65%) |
|
Free Cash Flow |
$133,248 |
$397,566 |
(66.5%) |
Find out why Fools always follow the money.
Related Companies:
- Marvel Entertainment (NYSE:MVL)
- Regal Entertainment (NYSE:RGC)
- Lions Gate Entertainment (NYSE:LGF)
Related Foolishness:
DreamWorks Animation and Marvel Entertainment are both Motley Fool Stock Advisor recommendations. To gain access to a free Stock Advisor special report, click here.
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