By
Tim Beyers
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More Articles
February 28, 2006
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On Feb. 27, Newmont Mining (NYSE: NEM ) released Q4 and full fiscal 2005 earnings for the period ending Dec. 31, 2005.
- Sales of $4.4 billion were essentially flat from the year before and missed analyst expectations. The bottom line was no better. Net income before a lot of one-time items was $0.84, or two cents below Street projections.
- Worse, management says 2006 will mark the third straight year of declining sales volume. Ouch.
- Maybe Fellow Fool Rick Munarriz is right. Maybe I'd better take Google over gold. (But maybe I should listen to the other argument first.)
(Figures in millions, except per-share data)
Income Statement Highlights
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Avg. Est.
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FY 2005
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FY 2004
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% Change
|
|
Sales
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$4,490
|
$4,406
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$4,411
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(0.1%)
|
|
Net Profit
|
--
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$322
|
$443
|
(27.3%)
|
|
EPS
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$0.93
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$0.72
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$1.00
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(28.0%)
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Get back to basics with a look at the income statement.
Margin Checkup
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FY 2005
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FY 2004
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% Change
|
|
Gross Margin
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47.34%
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49.78%
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(2.44%)
|
|
Op. Margin
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24.15%
|
25.19%
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(1.04%)
|
|
Net Margin
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7.31%
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10.04%
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(2.73%)
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Margins are the earnings engine. See how they work.
Balance Sheet Highlights
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Assets
|
FY 2005
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FY 2004
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% Change
|
|
Cash+ ST Invest.
|
$1,899
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$1,724
|
10.2%
|
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Inventory
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$320
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$244
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31.1%
|
|
Accounts Rec.
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$136
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$130
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4.6%
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Liabilities
|
|
|
|
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Long-Term Debt
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$1,929
|
$1,602
|
20.4%
|
|
Accounts Pay.
|
$232
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$222
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4.5%
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Cash Flow Highlights
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FY 2005
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FY 2004
|
% Change
|
|
Cash From Ops
|
$1,243
|
$1,557
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(20.2%)
|
|
Capital Expend.
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$1,251
|
$718
|
74.2%
|
|
Free Cash Flow
|
$(8)
|
$839
|
N/A
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Find out why Fools always follow the money.
Related Companies:
- AngloGold Ashanti (NYSE: AU )
- Barrick Gold (NYSE: ABX )
- Cambior (NYSE: CBJ )
- Goldcorp (NYSE: GG )
- Golden Star (NYSE: GSS )
- Placer Dome (NYSE: PDG )
Related Foolishness:
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.
Fool contributorTim Beyersdidn'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 Foolprofile. The Motley Fool has an ironcladdisclosure policy.
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