On Feb. 5, Hercules Offshore (NASDAQ:HERO) released fourth-quarter earnings for the period ended Dec. 31.

  • Revenue for the quarter increased 138% year over year on vastly increased demand for marine and contract drilling services.
  • After backing out a one-time expense in Q4 2005, net income increased 259% year over year.
  • Cash from operations rose 149% from 2005 to 2006.
  • Hercules Offshore is rated four stars in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$114.7

$48.0

138.8%

Net Profit

$35.5

($2.2)*

N/A

EPS

$1.09

($0.08)*

N/A

Diluted Shares

32.7

28.1

16.2%

*Includes a one-time charge of $12.1 million.

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

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

62.7%

53.7%

9.1

Operating Margin

46.0%

34.0%

12.1

Net Margin

31.0%

(4.6%)

35.6

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2006

Q4 2005

Change

Cash + ST Invest.

$72.8

$47.6

53.0%

Accounts Rec.

$89.1

$38.5

131.6%



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$29.1

$13.3

119.3%

Long-Term Debt

$91.9

$93.3

(1.5%)



Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

$131.5

$52.8

149.3%

Capital Expenditures

$211.8

$168.0

26.0%

Free Cash Flow

($80.2)

($115.3)

N/A



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Related Companies:

  • Atlas America (NASDAQ:ATLS)
  • Bois d'Arc Energy (NYSE:BDE)
  • Legacy Reserves (NYSE:LGCY)
  • Parker Drilling (NYSE:PKD)
  • Hiland Holdings (NASDAQ:HPGP)

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.