On Sept. 19, auto-parts retailer and Motley Fool Inside Value recommendation AutoZone
- The company continues to be a cash-making machine, generating $386 million in operating cash flow during the fourth quarter and $822.3 million for the year.
- Surprise, surprise! The company also continues to buy back shares, repurchasing $6.2 million worth at an average price of $93 per share.
- AutoZone ended the year with $54 million less in working capital.
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|---|
Sales |
$5,982 |
$5,948 |
$5,711 |
4.2% |
Net Profit |
-- |
$569 |
$571 |
(0.3%) |
EPS |
$7.39 |
$7.50 |
$7.18 |
4.5% |
Diluted Shares |
-- |
76 |
80 |
(4.5%) |
Get back to basics with a look at the income statement.
Margin Checkup
FY 2006 |
FY 2005 |
Change* |
|
---|---|---|---|
Gross Margin |
49.4% |
48.9% |
0.50 |
Operating Margin |
16.98% |
17.08% |
(0.10) |
Net Margin |
9.57% |
10% |
(0.43) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
FY 2006 |
FY 2005 |
Change |
---|---|---|---|
Cash + ST Invest. |
$92 |
$115 |
(20.4%) |
Accounts Rec. |
n/a |
$118 |
n/a |
Inventory |
$1,847 |
$1,664 |
11% |
Liabilities |
FY 2006 |
FY 2005 |
Change |
---|---|---|---|
Accounts Payable |
$1,700 |
$1,540 |
10.4% |
Long-Term Debt |
$1,857 |
$1,862 |
(0.2%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
FY 2006 |
FY 2005 |
Change |
|
---|---|---|---|
Cash From Ops. |
$822 |
$648 |
26.9% |
Capital Expenditures |
$264 |
$284 |
(7%) |
Free Cash Flow |
$559 |
$365 |
53.2% |
Find out why Fools always follow the money.
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Wal-Mart
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Related Foolishness:
- Foolish Fundamentals: Margins
- Foolish Fundamentals: Enterprise Value
- Foolish Fundamentals: Free Cash Flow
- Foolish Fundamentals: Valuation
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.
AutoZone and Wal-Mart are both Motley Fool Inside Value picks. Find more of Wall Street's best bargains with a free 30-day trial subscription .
At the time of publication, Fool editor David Meier did not hold any positions in any of the companies mentioned. Fool rules are here.