On Nov. 8, Cox Radio (NYSE:CXR) released third-quarter earnings for the period ended Sept. 30.

  • Sales declined by 0.5% to $112.7 million, primarily because of decreased local revenues that were partially offset by increased national and other revenues.
  • The 12% rise in net income was mostly thanks to lower income tax expenses.
  • The company last year authorized a stock repurchase program of $100 million and has since repurchased shares worth $84.8 million.
  • Cox Radio is not yet rated by the Motley Fool CAPS community. Be the first to make your opinion known! It's free.

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$112.7

$113.2

(0.5%)

Net Profit

$24.0

$21.5

11.6%

EPS

$0.25

$0.21

19.0%

Diluted Shares

95.5

100.7

(5.2%)



Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

80.5%

81.2%

(0.7)

Operating Margin

36.3%

37.5%

(1.2)

Net Margin

21.3%

19.0%

2.3

*Expressed in percentage points

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

No balance sheet provided. (Boo! Hiss!)

Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$88.2

$82.8

6.5%

Capital Expenditures

$8.5

$8.4

1.6%

Free Cash Flow

$79.6

$74.4

7.0%



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Related Companies:

  • Entercom Communications (NYSE:ETM)
  • Clear Channel (NYSE:CCU)
  • CBS (NYSE:CBS)

Related Foolishness:

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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.