On Feb. 27, Cablevision Systems
- Sales increased by 13.5%, as a result of growth in advertising revenue, digital video, voice and data services, and Ethernet data services.
- An 88.9% decline in net profit was due to a loss in derivative contracts and an increase in interest expenses (which was partially offset by a gain in investments).
- The company has plans to launch the first video on demand (VOD) channel specifically designed to educate businesses on the benefits of Metro Ethernet.
- Cablevision Systems has only earned a one-star rating in the Motley Fool's free stock-rating service, CAPS. Its competitor, Discovery Holding
(NASDAQ:DISCA) has earned three stars.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change |
|
|---|---|---|---|
|
Sales |
$1,685.4 |
$1,485.7 |
13.4% |
|
Net Profit* |
$6.5 |
$59.0 |
(88.9%) |
|
EPS |
$0.02 |
$0.21 |
(90.5%) |
|
Diluted Shares |
284.1 |
281.8 |
0.8% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* |
|
|---|---|---|---|
|
Operating Margin |
12.4% |
15.5% |
(3.1) |
|
Net Margin |
0.4% |
4.0% |
(3.6) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$548.9 |
$397.5 |
38.1% |
|
Accounts Rec. |
$536.0 |
$453.1 |
18.3% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$392.6 |
$373.4 |
5.1% |
|
Long-Term Debt |
$12,485.3 |
$9,836.7 |
26.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
2006 |
2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$961.6 |
$923.0 |
4.2% |
|
Capital Expenditures |
$886.3 |
$769.3 |
15.2% |
|
Free Cash Flow |
$75.3 |
$153.8 |
(51.0%) |
Find out why Fools always follow the money.
Related Foolishness:
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