Under difficult market conditions, sales stay relatively stable. Restructuring efforts are still to be seen, in the meantime earnings and operating cash flows are hit. Not much new investment, and cash is being returned to investors. Overall a company doing its best to compete and reward shareholders.
From cash cow to dog: milking the digital cash. The king of digital publishing is fully milking the glory of owning the top web and desktop publishing platforms. Some me-too innovation in licensing model (subscription instead of license acquisition) may actually turn against Adobe. Significant innovation lacking, sales are down, costs are up, and margins eroded fast. In real terms, inflation-adjusted, revenues are going down even faster.
Ensco Plc: Rising star, record sales, big profits.
Ensco, world’s second largest offshore drilling rig fleet, succeeded to book record sales. Having the newest ultra-deepwater fleet and largest active premium jackup fleet of any offshore drilling company lead to a respectable net income margin. Balance sheet is strong as ever, with low leverage and decreasing liabilities. Dividend increased.
General Electric, the shrinking giant general?
Steady and slow decline in sales, margins, and assets.
Financials apparently have only one direction: down. Sales are slowly going down; margins as well. Net income is not great either. Asset base is shrinking, albeit long term debt stayed the same.
Operational cash flow is not spectacular either. Click for full details.