On Oct. 17, Noble (NYSE:NE) released third-quarter earnings for the period ended Sept. 30.
- Revenue increased roughly 41% year over year, thanks to fat dayrates.
- Margin expansion and a reduced share count led to amplified gains on the bottom line, with EPS rising 55% year over year and 9% sequentially.
- Our community investor intelligence database, Motley Fool CAPS, loves drillers, giving Noble, Transocean (NYSE:RIG), and Diamond Offshore (NYSE:DO) a stellar five stars each.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q3 2007 |
Q3 2006 |
Change | |
|---|---|---|---|
|
Sales |
$791.3 |
$562.0 |
40.8% |
|
Net Profit |
$318.3 |
$207.2 |
53.6% |
|
EPS |
$1.18 |
$0.76 |
55.3% |
|
Diluted Shares |
269.5 |
274.0 |
(1.6%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2007 |
Q3 2006 |
Change* | |
|---|---|---|---|
|
Operating Margin |
49.8% |
45.6% |
4.2 |
|
Net Margin |
40.2% |
36.9% |
3.4 |
Margins are the earnings engine. See how they work.
|
Assets |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$150.6 |
$169.8 |
(11.3%) |
|
Accounts Rec. |
$519.6 |
$390.8 |
33% |
|
Inventory |
$4.4 |
$4.6 |
(3%) |
|
Liabilities |
Q3 2007 |
Q3 2006 |
Change |
|---|---|---|---|
|
Accounts Payable |
$197.8 |
$133.0 |
48.8% |
|
Long-Term Debt |
$776.8 |
$686.9 |
13.1% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2007 |
YTD 2006 |
Change | |
|---|---|---|---|
|
Cash From Ops. |
$995.4 |
$695.3 |
43.2% |
|
Capital Expenditures |
$872.7 |
$740.6 |
17.8% |
|
Free Cash Flow |
$122.7 |
($45.4) |
N/A |
Free cash flow is a Fool's best friend
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