On Nov. 8, News Corp.
- Total sales increased 4.1% to $5.9 billion. Cable Programming, Direct Broadcast Satellite Television, and the ubiquitous "Other" all saw double-digit sales increases.
- Operating income for the quarter was down and net income included gains on the sale of shares of Sky Brasil and Phoenix. Last year's quarter included a charge for a change in accounting.
- 131 out of 136 investors think News Corp. will outperform the market. What do you think? Bring it to CAPS and let the community know.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$5,914 |
$5,682 |
4.1% |
|
Net Profit |
$843 |
($433) |
N/A |
|
EPS |
$0.27 |
($0.13) |
N/A |
|
Diluted Shares |
3,178 |
3,318 |
(4.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2007 |
Q1 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
36.6% |
36% |
0.6 |
|
Operating Margin |
14.4% |
16% |
(1.6) |
|
Net Margin |
14.3% |
(7.6%) |
21.9 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$6,292 |
$6,450 |
(2.4%) |
|
Accounts Rec. |
$5,269 |
$4,697 |
12.2% |
|
Inventory |
$1,903 |
$1,742 |
9.2% |
|
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$4,385 |
$4,735 |
(7.4%) |
|
Long-Term Debt |
$11,394 |
$10,100 |
12.8% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q1 2007 |
Q1 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$716 |
$497 |
44.1% |
|
Capital Expenditures |
$282 |
$199 |
41.7% |
|
Free Cash Flow |
$434 |
$298 |
45.6% |
Find out why Fools always follow the money.
Related Companies:
-
Time Warner
(NYSE:TWX) -
CBS
(NYSE:CBS) -
Walt Disney
(NYSE:DIS)
Related Foolishness:
Time Warner and Disney are Motley Fool Stock Advisor selections. For more promising stock picks from Fool co-founders Tom and David Gardner, sign up today for a free30-day trial subscription.
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