On Jan. 26, GM (NYSE: GM ) released its Q4 2005 earnings for the period ended Dec. 31.
- Excluding special items, GM reported a loss of $2.09 per diluted share for Q4 2005, compared with earnings of $1.28 per share a year ago.
- For Q4 2005, GM's automotive operations had an adjusted loss of $1.5 billion, compared with earnings of $268 million a year ago.
- GM hopes to save about $3 billion annually as a result of its agreement with the United Auto Workers union.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$41,700 |
$51,180 |
$51,428 |
-0.5% |
|
Net Profit |
-- |
$(4,777) |
$(99) |
N/A |
|
EPS |
$(0.15) |
$(8.45) |
$(0.18) |
N/A |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
6.35% |
14.58% |
-8.23% |
|
Op. Margin |
-5.81% |
3.16% |
-8.98% |
|
Net Margin |
-9.33% |
-0.19% |
-9.14% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$50,610 |
$57,730 |
-12.3% |
|
Inventory |
$14,372 |
$12,247 |
+17.4% |
|
Accounts Rec. |
$15,420 |
$21,236 |
-27.4% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Notes/loans payable |
$285,750 |
$300,279 |
-4.8% |
|
Accounts Pay. |
$29,913 |
$28,830 |
+3.8% |
Related companies:
- Ford (NYSE: F )
- DaimlerChrysler (NYSE: DCX )
- ToyotaMotor (NYSE: TM )
- TRWAutomotive Holdings (NYSE: TRW )
- Navistar International (NYSE: NAV )
Related Foolishness:
- Will GM Keep Sputtering?
- Foolish Fundamentals: Return on Invested Capital
- Foolish Fundamentals: The Income Statement
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.
At the time of publication, John Reeves did not own shares in any of the companies mentioned. Fool rules are here.
RSS Headlines
Fool UK
Comments from our Foolish Readers
Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the
Report this Comment icon found on every comment.
Be the first one to comment on this article.