On Feb. 14, Amerigroup (NYSE:AGP) released fourth-quarter earnings for the period ended Dec. 31.

  • Revenue increased by 30.5%, thanks to a rise in membership, a higher average yield, and the positive effects of Florida's decision to curtail a previously announced SSI premium recoupment.
  • For 2007, the company estimates EPS between $1.85 and $2.00.
  • The company was awarded a Medicaid procurement contract in the mid-Tennessee region.
  • It also won approval to offer the Medicare Special Needs Plan (SNP) in Maryland, effective Jan. 1, 2007.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2006

Q4 2005

Change

Sales

$809.7

$620.3

30.5%

Net Profit

$29.9

$12.9

131.8%

EPS

$0.56

$0.25

124.0%

Diluted Shares

53.5

52.1

2.6%



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

Margin Checkup

Q4 2006

Q4 2005

Change*

Gross Margin

20.8%

16.3%

4.5

Operating Margin

5.8%

3.1%

2.7

Net Margin

3.7%

2.1%

1.6

*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.

$344.4

$402.2

(14.4%)

Accounts Rec.

$63.6

$76.1

(16.5%)

Inventory

No Data

No Data

No Data



Liabilities

Q4 2006

Q4 2005

Change

Accounts Payable

$385.2

$348.7

10.5%

Long-Term Debt

No Data

No Data

No Data



Learn the ways of the balance sheet.

Cash Flow Highlights

2006

2005

Change

Cash From Ops.

$235.7

$113.1

108.3%

Capital Expenditures

$41.1

$25.8

59.2%

Free Cash Flow

$194.5

$87.3

122.9%



Find out why Fools always follow the money.

Related Companies:

  • CIGNA (NYSE:CI)
  • Aetna (NYSE:AET)
  • UnitedHealth Group (NYSE:UNH)
  • Centene (NYSE:CNC)
  • Health Net (NYSE:HNT)

Related Foolishness:

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.

UnitedHealth has been selected by both our Stock Advisor and Inside Value newsletters. Try these or any of our Foolish newsletters free for 30 days.

This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.