On Oct. 20, Caterpillar
- Revenues exceeded analysts' estimate by 7%, but EPS disappointed.
- Machinery sales, engine sales, and financial product revenue all had double-digit increases.
- Share repurchases helped EPS grow by 21%.
- FCF before acquisitions improved by 87%.
- The company expects very modest revenue and earnings growth in 2007.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q3 2006 |
Q3 2005 |
Change |
|
|---|---|---|---|---|
|
Sales |
$9,872 |
$10,517 |
$8,977 |
17.2% |
|
Net Profit |
-- |
$769 |
$667 |
15.3% |
|
EPS |
$1.35 |
$1.14 |
$0.94 |
21.3% |
|
Diluted Shares |
-- |
677 |
711 |
(4.7%) |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q3 2006 |
Q3 2005 |
Change* |
|
|---|---|---|---|
|
Gross Margin |
27.64% |
27.07% |
0.57 |
|
Operating Margin |
10.25% |
10.47% |
(0.22) |
|
Net Margin |
7.31% |
7.43% |
(0.12) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$553 |
$967 |
(42.8%) |
|
Accounts Rec.* |
$14,622 |
$13,044 |
12.1% |
|
Inventory |
$6,411 |
$5,469 |
17.2% |
|
Liabilities |
Q3 2006 |
Q3 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$3,857 |
$3,425 |
12.6% |
|
Long-Term Debt |
$18,145 |
$14,984 |
21.1% |
Learn the ways of the balance sheet.
Cash Flow Highlights
|
YTD 2006 |
YTD 2005 |
Change |
|
|---|---|---|---|
|
Cash From Ops. |
$3,566 |
$2,130 |
67.4% |
|
Capital Expenditures |
$905 |
$709 |
27.6% |
|
Free Cash Flow |
$2,661 |
$1,421 |
87.3% |
Find out why Fools always follow the money.
Related Companies:
-
Deere & Co
(NYSE:DE) -
Hitachi
(NYSE:HIT) -
CNH Global NV
(NYSE:CNH) -
Terex
(NYSE:TEX)
Related Foolishness:
- Foolish Forecast: Caterpillar's Claws
- The Finest Investment Vehicle Ever Designed
- Waiting on Mean Green
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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.
