On May 8, Priceline.com
- To find out why Foolish contributor Rick Munarriz doesn't think Priceline's posted results should be taken at face value, read his earnings take.
- Total revenue increased by 24.6% to $301.4 million. However, adjusted pro forma revenues were less at $285.5 million.
- The company expects continued advancement within the European market. But lower airline ticket margins and marketing hurdles in the domestic market will offset growth from its European counterpart.
- Priceline is sitting on the runway with three stars in Motley Fool CAPS, our free interactive stock database. Travel services peer Expedia
(NASDAQ:EXPE) -- who also reported earnings yesterday -- holds the same three-star rating. Of the ranked travel services companies tagged in CAPS, the only company to hold a higher ranking is Ctrip.com(NASDAQ:CTRP) , which has four out of the five available stars.
(Figures in millions, except per-share data)
Income Statement Highlights
Q1 2007 |
Q1 2006 |
Change |
|
---|---|---|---|
Sales |
$301.4 |
$241.9 |
24.6% |
Net Profit |
($16.3) |
($1.0) |
N/A |
EPS |
($0.44) |
($0.02) |
N/A |
Diluted Shares |
37.2 |
39.4 |
(5.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
Q1 2007 |
Q1 2006 |
Change* |
|
---|---|---|---|
Gross Margin |
39.7% |
29.9% |
9.9 |
Operating Margin |
(10.5%) |
(0.5%) |
(10.0) |
Net Margin |
(5.4%) |
(0.4%) |
(5.0) |
Margins are the earnings engine. See how they work.
Balance Sheet HighlightsAssets | Q1 2007 | Q1 2006 | Change |
---|---|---|---|
Cash + ST Invest. | $455.0 | $167.5 | 171.7% |
Accounts Rec. | $52.1 | $33.8 | 54.1% |
Inventory | N/A | N/A | N/A |
Liabilities | Q1 2007 | Q1 2006 | Change |
---|---|---|---|
Accounts Payable | $57.9 | $49.4 | 17.2% |
Total Debt* | $569.0 | $223.2 | 154.9% |
Learn the ways of the balance sheet.
Cash Flow Highlights
Priceline must be on vacation, because it forgot to include a cash flow statement in the press release.
Free cash flow is a Fool's best friend
Related Foolishness:
Priceline is a Stock Advisor recommendation and Ctrip.com is a Hidden Gems pick. A 30-day trial to either newsletter will send your portfolio flying.
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.