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% |
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 |
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 |
Find out why Fools always follow the money.
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:
- What Happened to the Oil Boom?
- Two Offshore Drillers to Pump Up Your Portfolio
- Halliburton and KBR Call It Quits
How do you think Hercules will do in the next few weeks? How about the next few years? Join CAPS, the Fool's new community-intelligence stock-rating service, and tell more than 21,000 fellow investors how you feel.
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