On Jan. 25, St. Jude Medical
- Net sales increased by 9% in the fourth quarter.
- St. Jude's balance sheet has deteriorated considerably, with a large drop in cash and an increase in debt.
- The company's board has approved a share repurchase of up to $1 billion of its common stock and intends to repurchase the shares in the first half of 2007. This is a sizable repurchase, representing about 7% of outstanding shares.
- The company expects its earnings to be in the range of $0.39 to $0.41 per diluted share for the first quarter of 2007 and $1.70 to $1.75 for the full year 2007.
- St. Jude is highly regarded in Motley Fool CAPS, with a four-star rating.
(Figures in thousands, except per-share data)
Income Statement Highlights
Get back to basics with a look at the income statement.
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$863.8 |
$789.9 |
9.4% |
|
Net Profit |
$154.6 |
$4.9 |
3,074.1% |
|
EPS |
$0.42 |
$0.01 |
4,100.0% |
|
Diluted Shares |
366.0 |
383.0 |
(4.4%) |
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
72.5% |
73.8% |
(1.3) |
|
Operating Margin |
23.0% |
7.1% |
15.9 |
|
Net Margin |
17.9% |
0.6% |
17.3 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$79.9 |
$534.6 |
(85.1%) |
|
Accounts Rec. |
$882.1 |
$793.9 |
11.1% |
|
Inventory |
$452.8 |
$378.5 |
19.6% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
No Data |
No Data |
No Data |
|
Long-Term Debt |
$859.4 |
$177.0 |
385.6% |
Learn the ways of the balance sheet.
Cash Flow Highlights
No data available for cash flow statements. (Boo!)
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Related Foolishness:
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