On Nov. 9, Motley Fool Rule Breakers recommendation IMAX (NASDAQ:IMAX) released third-quarter earnings for the period ended Sept. 30.

  • Because of poor top-line performance and higher capital expenditure, FCF has slipped to -$9 million.
  • For the full analysis of IMAX's earnings, click here.
  • Imax is currently rated a 3-star stock by the Motley Fool CAPS community. Join the free service to make your opinion known.

(Figures in millions, except per-share data)

Income Statement Highlights

Q3 2006

Q3 2005

Change

Sales

$20.7

$33.3

(37.9%)

Net Profit*

($11.1)

$1.9

N/A

EPS

($0.28)

$0.05

N/A

Diluted Shares

40.2

42.2

(4.6%)

*Income from continued operations

Get back to basics with a look at the income statement.

Margin Checkup

Q3 2006

Q3 2005

Change*

Gross Margin

29.9%

47.3%

(17.4)

Operating Margin

(25%)

18.2%

(43.2)

Net Margin

(53.6%)

5.8%

(59.4)

*Expressed in percentage points

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q3 2006

Q3 2005

Change

Cash + ST Invest.

$26.2

$34.2

(23.5%)

Accounts Rec.

$32.0

$21.3

50.1%

Inventory

$33.1

$31.6

4.6%



Liabilities

Q3 2006

Q3 2005

Change

Accounts Payable

$9.4

$6.8

38.8%

Long-Term Debt

$160

$160

0%



Learn the ways of the balance sheet.

Cash Flow Highlights

YTD 2006

YTD 2005

Change

Cash From Ops.

($7.3)

$3.4

N/A

Capital Expenditures

$1.7

$1.1

43.4%

Free Cash Flow

($9.0)

$2.2

N/A



Find out why Fools always follow the money.

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Related Foolishness:

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