On Jan. 23, Ford Motor
- Sales of $47.6 billion and earnings of $0.08 per share blew past Street estimates, leading the stock higher by more than 5% in pre-market trading.
- But not all of the news was good. Income from continuing operations declined roughly 8% year over year. No surprises there, though.
- South American operations were the brightest spot in Ford's Q4 results. All told, profit in that region nearly tripled on sales that were 44.6% higher from the same period during 2004.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$37,300 |
$47,561 |
$44,929 |
+5.9% |
|
Net Profit |
-- |
$124 |
$104 |
+19.2% |
|
EPS |
$0.01 |
$0.08 |
$0.06 |
+33.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|
|
Gross Margin |
15.51% |
17.16% |
-1.65% |
|
Op. Margin |
-2.51% |
-1.67% |
-0.84% |
|
Net Margin |
0.26% |
0.23% |
+0.03% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash + ST Invest. |
$39,082 |
$31,777 |
+23.0% |
|
Inventory |
$10,271 |
$10,766 |
-4.6% |
|
Accounts Rec. |
$114,497 |
$115,435 |
-0.8% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$154,332 |
$164,337 |
-6.1% |
|
Accounts Pay. |
$22,806 |
$21,991 |
+3.7% |
Cash Flow Highlights
No cash flow statement provided. (Whatever.)
Find out why Fools always follow the money.
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Related Foolishness:
- Get Ford's numbers for the fiscal year.
- And get last quarter's numbers, too.
- Is Ford just another airline?
- Maybe Ford's bizarre third-quarter optimism wasn't completely misplaced.
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.
Fool contributor Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .
