On Feb. 26, offshore oil and gas driller GlobalSantaFe
- Net sales increased 57.5% on the back of a 62% boost in dayrates (industry slang for daily revenue per rig).
- The company bought back a massive amount of shares in 2006, decreasing its outstanding diluted share count by 4.9%.
- The 94% surge in fourth-quarter net income, coupled with the major share buybacks, combined to boost EPS 102.7% year over year.
- In Motley Fool CAPS, 153 players peg GSF as an outperform.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$950.6 |
$603.5 |
57.5% |
|
Net Profit |
$349.4 |
$180.2 |
93.9% |
|
EPS |
$1.48 |
$0.73 |
102.7% |
|
Diluted Shares |
235.8 |
248.0 |
(4.9%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
46.5% |
42.1% |
4.4 |
|
Operating Margin |
39.0% |
32.8% |
6.2 |
|
Net Margin |
36.8% |
29.9% |
6.9 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$348.9 |
$837.3 |
(58.3%) |
|
Accounts Rec. |
$653.4 |
$431.5 |
51.4% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$284.5 |
$236.3 |
20.4% |
|
Long-Term Debt |
$623.9 |
$550.6 |
13.3% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$985.4 |
$591.2 |
66.7% |
|
Capital Expenditures |
$546.5 |
$411.0 |
33.0% |
|
Free Cash Flow |
$438.9 |
$180.2 |
143.6% |
Find out why Fools always follow the money.
Related Foolishness:
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