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)

*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.

$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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