On Feb. 27, movie rental giant Blockbuster
- Revenues for the quarter increased 1.4%, primarily on an increase in worldwide same-store merchandise sales, as well as Blockbuster's online rental service and favorable foreign exchange rates.
- Gross margins remained flat at 51.8% on an increase in merchandise revenue, mostly driven by strong international game sales.
- The company expects to increase the number of Blockbuster Total Access subscribers by 3 million for the first quarter of 2007.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,513.3 |
$1,491.7 |
1.4% |
|
Net Profit* |
$15.3 |
$20.5 |
(25.4%) |
|
EPS* |
$0.06 |
$0.10 |
(40.0%) |
|
Diluted Shares |
190.1 |
202.8 |
(6.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
51.8% |
52.1% |
(0.2) |
|
Operating Margin |
3.0% |
3.8% |
(0.8) |
|
Net Margin |
1.0% |
1.4% |
(0.4) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$394.9 |
$276.2 |
43.0% |
|
Inventory |
$343.9 |
$310.3 |
10.8% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$517.7 |
$368.1 |
40.6% |
|
Total Debt |
$984.2 |
$1,158.0 |
(15.0%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$329.4 |
($70.5) |
N/A |
|
Capital Expenditures |
$78.5 |
$139.4 |
(43.7%) |
|
Free Cash Flow |
$250.9 |
($209.9) |
N/A |
Find out why Fools always follow the money.
Related Foolishness:
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