On April 27, 2006, Canon (NYSE:CAJ) released Q1 2006 earnings for the period ending March 31, 2006.
- Strong increases in margins across the board.
- Improved inventory and cash balances.
- Big improvement in free cash flow.
- Sales were up 9.5% and profits up 16.3% in local currency (data below is historical USD).
(Figures in thousands, except per-share data. Historical data in USD from Capital IQ.)
Income Statement Highlights
|
Avg. Est. |
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|---|
|
Sales |
No Data |
$7,891,214 |
$7,881,935 |
0.1 |
|
Net Profit |
-- |
$925,376 |
$869,692 |
6.4 |
|
EPS |
No Data |
$1.04 |
$0.98 |
6.2 |
|
Diluted Shares |
888,200 |
888,033 |
0 |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|
|
Gross Margin |
50.75% |
48.57% |
2.17 |
|
Op. Margin |
18.43% |
16.99% |
1.44 |
|
Net Margin |
11.73% |
11.03% |
0.69 |
Margins are the earnings engine. See how they work.
|
Assets |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$8,012,291 |
$7,854,458 |
2.0 |
|
Accounts Rec. |
$5,193,880 |
$5,065,738 |
2.5 |
|
Inventory |
$4,658,752 |
$4,824,234 |
(3.4) |
|
Liabilities |
Q1 2006 |
Q1 2005 |
% Change |
|---|---|---|---|
|
Accounts Pay. |
$4,013,615 |
$4,175,729 |
(3.9) |
|
Long Term Debt. |
$226,709 |
$245,785 |
(7.8) |
Cash Flow Highlights
|
Q1 2006 |
Q1 2005 |
% Change | |
|---|---|---|---|
|
Cash From Ops |
$982,043 |
$716,720 |
37.0 |
|
Capital Expend. |
$938,709 |
$865,364 |
8.5 |
|
Free Cash Flow |
$43,334 |
$ (148,644) |
N/A |
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Related Companies:
- Sony (NYSE:SNE)
- Hewlett-Packard (NYSE:HPQ)
- Kodak (NYSE:EK)
- Xerox (NYSE:XRX)
Related Foolishness:
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At the time of publication, Nathan Parmelee had positions in Canon. Fool rules are here .
