On May 8, Expedia
- For the full story behind Expedia's earnings report and recent acquisitions, read our earnings Take.
- Revenue increased 11.5% to $550.5 million, while profit jumped 49%. Adjusted earnings per share of $0.18 fell slightly short of analyst expectations of $0.20.
- Europe's gross bookings increased 32% year over year, driving a large portion of revenue growth. Domestic bookings, on the other hand, remained almost stagnant with only a 1% increase.
- To continue increasing its international presence, Expedia launched a full-service site dedicated to Spain.
- Expedia has a three-star rating in Motley Fool CAPS. Fellow traveler Priceline.com
(NASDAQ:PCLN) -- which also reported earnings Tuesday-- holds a three-star rating as well.
(Figures in millions, except per-share data.)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$550.5 |
$493.9 |
11.5% |
Net Profit |
$34.8 |
$23.3 |
49% |
EPS |
$0.11 |
$0.06 |
83.3% |
Diluted Shares |
323.7 |
365.2 |
(11.3%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
78% |
75.8% |
2.1 |
Operating Margin |
12.2% |
5.3% |
6.9 |
Net Margin |
6.3% |
4.7% |
1.6 |
*Expressed in percentage points
Margins are the earnings engine.
Balance Sheet Highlights
Assets |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Cash + ST Invest. |
$637.7 |
$509.0 |
25.3% |
Accounts Rec. |
$289.9 |
$199.5 |
45.3% |
Inventory |
N/A |
N/A |
N/A |
Liabilities |
Q1 2007 |
Q1 2006 |
Change |
---|---|---|---|
Accounts Payable |
$812.6 |
$669.3 |
21.4% |
Long-Term Debt |
$500.0 |
$0.0 |
N/A |
The balance sheet reflects the company's health.
Cash Flow Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Cash From Ops. |
$538.1 |
$451.9 |
19.1% |
Capital Expenditures |
$18.3 |
$13.0 |
40.6% |
Free Cash Flow |
$519.7 |
$438.9 |
18.4% |
Free cash flow is a Fool's best friend.
Related Foolishness:
Priceline.com is a Motley Fool Stock Advisor recommendation. For more stocks from the top of Tom and David Gardner's list, try a free 30-day guest pass.
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.