On Feb. 13, homebuilder KB Home (NYSE:KBH) released fourth-quarter earnings for the period ended Nov. 30.
- The company's net loss was primarily due to losses on land sales, inventory impairments, and the abandonment of land option contracts.
- Get the full scoop on the quarter from David Lee Smith.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$3,545.7 |
$3,150.1 |
12.6% |
|
Net Profit |
($49.6) |
$304.4 |
N/A |
|
EPS |
($0.64) |
$3.44 |
N/A |
|
Diluted Shares |
77.1 |
88.4 |
(12.8%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
9.0% |
27.2% |
(18.1) |
|
Operating Margin |
(2.6%) |
15.7% |
(18.2) |
|
Net Margin |
(1.4%) |
9.7% |
(11.1) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Cash + ST Invest. | $639.2 | $144.8 | 341.4% |
Accounts Rec. | $659.5 | $580.9 | 13.5% |
Inventory | $6,454.8 | $6,128.3 | 5.3% |
Liabilities | Q4 2006 | Q4 2005 | Change |
|---|---|---|---|
Accounts Payable | $1,071.3 | $892.7 | 20.0% |
Long-Term Debt | No Data | No Data | No Data |
Learn the ways of the balance sheet.
Cash Flow Highlights
Data not available. Boo!
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Related Companies:
- Centex (NYSE:CTX)
- D.R. Horton (NYSE:DHI)
- Pulte Homes (NYSE:PHM)
- Toll Brothers (NYSE:TOL)
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