BlackBerry Maker's Earnings In Motion: Fool by Numbers

On Dec. 21, Research In Motion (Nasdaq: RIMM  ) released earnings for its 2005 third quarter, which ended Nov. 26.

  • Earnings per share included $0.10 in charges from the writedown of intangible assets related to its patent brouhaha with privately held NTP. Excluding these charges, EPS of $0.71 easily topped Street estimates of $0.65 per stub.

  • Research in Motion ended the quarter with 4.3 million BlackBerry subscribers. That's more than double last year's total.

  • Receivables outpaced sales by 11.5%. That margin is slightly worse than last year at this time, when receivables outpaced sales growth 147% to 138%.

(Figures in thousands, except per-share data)

Income Statement Highlights(What's this?)

Avg. Est.

Q3 2005

Q3 2004

% Change

Sales

$549,170

$560,596

$365,852

+53.2%

Net Profit

--

$120,149

$90,395

+32.9%

EPS

$0.65

$0.61

$0.46

+32.6%

Margin Checkup(What's this?)

Q3 2005

Q3 2004

Change

Gross Margin

55.79%

52.29%

+3.50%

Op. Margin

26.44%

22.41%

+4.04%

Net Margin

21.43%

24.71%

-3.28%

Balance Sheet Highlights(What's this?)

Assets

Q3 2005

Q3 2004

% Change

Cash+ ST Invest.

$914,648

$814,567

+12.3%

Inventory

$111,878

$89,123

+25.5%

Accounts Rec.

$334,084

$202,794

+64.7%


Liabilities

Long-Term Debt

$6,953

$7,145

-2.7%

Accounts Pay. + Accrued Liab.

$265,777

$167,725

+58.5%

Cash Flow Highlights(What's this?)

Q3 2005

Q3 2004

% Change

Cash From Ops

$457,978

$189,525

+141.6%

Capital Expend.

$130,591

$62,163

+110.1%

Free Cash Flow

$327,387

$127,362

+157.1%

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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 checkFool.comfor more of our in-depth discussion of what the numbers mean.

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Fool contributorTim Beyersowns shares of Nokia. You can find out what else is in his portfolio by checking Tim's Foolprofile. The Motley Fool has an ironcladdisclosure policy.


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