On Feb. 2, Comcast
- Operationally, Comcast delivered the goods: Revenue and EBITDA grew 9%, while operating income grew 26%.
- Net income was a different story: Investment income fell 78%, which hurt the bottom line.
- The company repurchased $901 million worth of common stock in Q4, or 40% of its total repurchases during 2005.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$5,710 |
$5,716 |
$5,235 |
+9.2% |
|
Net Profit |
-- |
$133 |
$423 |
-68.6% |
|
EPS |
$0.15 |
$0.06 |
$0.19 |
-68.4% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|
|
OCF Margin* |
37.70% |
37.94% |
-0.24% |
|
Op. Margin |
15.62% |
13.58% |
+2.04% |
|
Net Margin |
2.33% |
8.08% |
-5.75% |
Margins are the earnings engine. See how they work..
Balance Sheet Highlights
|
Assets |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$841 |
$2,007 |
-58.1% |
|
Accounts Rec. |
$1,060 |
$959 |
+10.5% |
|
Liabilities |
Q4 2005 |
Q4 2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$21,682 |
$20,093 |
+7.9% |
|
Accounts Pay. |
$2,033 |
$2,041 |
-0.4% |
Cash Flow Highlights
|
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$982 |
$1,495 |
-34.3% |
|
Capital Expend. |
$868 |
$1,050 |
-17.3% |
|
Free Cash Flow |
$114 |
$445 |
-74.4% |
Find out why Fools always follow the money.
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Time Warner is a Motley Fool Stock Advisor selection. Try a 30-day free subscription.
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At the time of publication, Fool analyst Andy Cross owned shares of Comcast. Fool rules are here.
