On Jan. 17, Southwest Airlines
- Sales grew 19.4% to $2.3 billion.
- Total diluted earnings fell 22.2% but included a number of special items. Excluding the special items, earnings grew 20%.
- Management is targeting 15% growth in diluted earnings, excluding special items, for 2007.
(Figures in millions, except per-share data)
Income Statement Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Sales |
$2,276 |
$1,906 |
19.4% |
Net Profit |
$57 |
$70 |
(18.6%) |
EPS |
$0.07 |
$0.09 |
(22.2%) |
Diluted Shares |
813 |
816 |
(0.4%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2006 |
Q4 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
62.96% |
65.48% |
(2.52) |
Operating Margin |
7.64% |
7.35% |
0.29 |
Net Margin |
2.50% |
3.67% |
(1.17) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$1,759 |
$2,531 |
(30.5%) |
Accounts Rec. |
$241 |
$258 |
(6.6%) |
Inventory |
$181 |
$150 |
20.7% |
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
---|---|---|---|
Accounts Payable |
$643 |
$524 |
22.7% |
Long-Term Debt |
$1,567 |
$1,394 |
12.4% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Q4 2006 |
Q4 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$143 |
$32 |
$111 |
Capital Expenditures |
$353 |
$204 |
$149 |
Free Cash Flow |
($210) |
($172) |
($38) |
Find out why Fools always follow the money.
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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.
Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. Feel free to email him with feedback or to discuss any companies mentioned further. The Fool has an ironclad disclosure policy.