On Nov. 8, Priceline.com
- Revenues were $313,467, a 21.1% increase fueled by positive e-commerce market trends resulting in fast-growing continental markets and by contributions from inventory integration and cross-sell programs.
- The company completed an offering of $345 million principal amount of convertible senior notes, resulting in an increase of 134% in long-term debt.
- Net income and earnings per share fell by 71.5% and 71.7% respectively, but that's because of the huge tax benefit in last year's quarter. Gross profit and operating margins improved this quarter.
- The stock has a two-star rating in Motley Fool CAPS.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$313,467 |
$258,797 |
21.1% |
|
Net Profit |
$48,817 |
$171,570 |
(71.5%) |
|
EPS |
$1.05 |
$3.71 |
(71.7%) |
|
Diluted Shares |
46,385 |
46,485 |
(0.2%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
39.4% |
30.9% |
8.5 |
|
Operating Margin |
10.1% |
5.0% |
5.1 |
|
Net Margin |
15.6% |
66.3% |
(50.7) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $341,356 | $152,970 | 123.2% |
Accounts Rec. | $58,577 | $36,200 | 61.8% |
Liabilities | Q3 2006 | Q3 2005 | Change |
|---|---|---|---|
Accounts Payable | $53,806 | $48,922 | 10.0% |
Long-Term Debt | $523,718 | $223,562 | 134.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
The cash flow statement must have got lost in the transfer at the Atlanta airport. No doubt it will show up in time for the 10-Q.
Find out why Fools always follow the money.
Related Companies:
- Expedia
(NASDAQ:EXPE) - Sabre
(NYSE:TSG)
Related Foolishness:
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