On Feb. 14, deepwater drilling company Transocean
- Revenue rose by 53.8%, thanks to significant improvements in average daily revenues, or dayrates, and the reintroduction of a semi-submersible rig and the drill ship Deepwater Discovery.
- Gross, operating, and net margins all increased considerably.
- Free cash flow per share for the quarter ballooned 77% on the back of a 60% increase in FCF, combined with Transocean's repurchasing nearly 10% of its shares over the past year.
- Four hundred Motley Fool CAPS players now see Transocean outperforming the S&P 500.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,186 |
$771 |
53.8% |
|
Net Profit |
$621* |
$152 |
308.6% |
|
EPS |
$2.05 |
$0.45 |
355.6% |
|
Diluted Shares |
304 |
336 |
(9.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
51.9% |
40.7% |
11.2 |
|
Operating Margin |
57.2% |
24.4% |
32.8 |
|
Net Margin** |
52.4% |
19.7% |
32.7 |
**Includes those one-time gains mentioned above.
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$467 |
$445 |
4.9% |
|
Accounts Rec.* |
$929 |
$583 |
59.3% |
|
Inventory |
$160 |
$156 |
2.6% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$477 |
$254 |
87.8% |
|
Long-Term Debt |
$3,200 |
$1,197 |
167.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$504 |
$248 |
103.2% |
|
Capital Expenditures |
$166 |
$37 |
348.6% |
|
Free Cash Flow |
$338 |
$211 |
60.2% |
Find out why Fools always follow the money.
Related companies:
-
Diamond Offshore
(NYSE:DO) -
Baker Hughes
(NYSE:BHI) -
Noble
(NYSE:NE) -
GlobalSantaFe
(NYSE:GSF) -
National Oilwell Varco
(NYSE:NOV)
Related Foolishness:
- An Energy Services Starter Kit
- Two Offshore Drillers to Pump Up Your Portfolio
- Deep Profits in Deep-Water Drilling
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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.
