On Feb. 7, Disney (NYSE:DIS) released first-quarter earnings for the period ended Dec. 31.

  • Excluding net gains related to dispositions, EPS increased 43% to $0.50 (from $0.35) on the back of record results from studio entertainment.
  • Disney sold its 39.5% interest in E! Entertainment Television and 50% stake in Us Weekly for a gain of $1.1 billion.
  • During the first quarter and through Feb. 2, the company repurchased 47 million shares at a cost of $1.6 billion.
  • In Motley Fool CAPS, 960 players expect Disney to outperform the S&P 500.

(Figures in millions, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$9,725.0

$8,854.0

9.8%

Net Profit*

$1,701.0

$734.0

131.7%

EPS*

$0.79

$0.37

113.5%

Diluted Shares

2,148.0

1,999.0

7.5%

*Includes net gains related to dispositions

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

Margin Checkup

Q1 2007

Q1 2006

Change*

Operating Margin**

28.1%

13.3%

14.8

Net Margin**

17.5%

8.3%

9.2

*Expressed in percentage points
 **Includes net gains related to dispositions

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$2,437.0

$1,819.0

34.0%

Accounts Rec.

$6,313.0

$5,265.0

19.9%



Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable*

$6,916.0

$5,900.0

17.2%

Long-Term Debt

$10,629.0

$10,449.0

1.7%

*Accounts payable include accrued expenses

Learn the ways of the balance sheet.

Cash Flow Highlights

Q1 2007

Q1 2006

Change

Cash From Ops.

$516.0

$579.0

(10.9%)

Capital Expenditures

$245.0

$203.0

20.7%

Free Cash Flow

$271.0

$376.0

(27.9%)



Find out why Fools always follow the money.

Related companies:

  • Comcast (NASDAQ:CMCSA)
  • Time Warner (NYSE:TWX)
  • DIRECTV Group (NYSE:DTV)
  • Viacom (NYSE:VIA)
  • CBS (NYSE:CBS)

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.