On July 18, Noble
• Net income rose a fat 61% year over year to $290 million.
• Earnings-per-share growth, up 66% to $2.16, exceeded net income growth thanks to significant share buybacks.
• The across-the-board growth was primarily driven by a 41% increase in average dayrates year over year to roughly $134,000.
• Noble has a stellar five-star rating in the investor intelligence database that is Motley Fool CAPS, as do fellow drillers Transocean
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q2 2007 |
Q2 2006 |
Change |
|
|---|---|---|---|
|
Sales |
$726.0 |
$517.5 |
40.3% |
|
Net Profit |
$290.0 |
$179.8 |
61.3% |
|
EPS |
$2.16 |
$1.30 |
66.2% |
|
Diluted Shares |
134.4 |
138.3 |
(2.8%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q2 2007 |
Q2 2006 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
61.9% |
57.3% |
4.7 |
|
Operating Margin |
49.7% |
43.1% |
6.6 |
|
Net Margin |
40% |
34.7% |
5.2 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights|
Assets |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$152.4 |
$261.0 |
(41.6%) |
|
Accounts Rec. |
$496.9 |
$384.2 |
29.3% |
|
Inventory |
$4.7 |
$4.3 |
9.1% |
|
Liabilities |
Q2 2007 |
Q2 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$180.0 |
$118.0 |
52.5% |
|
Long-Term Debt |
$814.4 |
$689.3 |
18.1% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$632.0 |
$370.6 |
70.6% |
|
Capital Expenditures* |
$539.8 |
$442.1 |
22.1% |
|
Free Cash Flow |
$92.2 |
($71.5) |
N/A |
Free cash flow is a Fool's best friend
Related Foolishness:
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.
