Newmont Strikes Out in Q4: Fool by Numbers

On Feb. 27, Newmont Mining (NYSE: NEM  ) released Q4 and full fiscal 2005 earnings for the period ended Dec. 31, 2005.

  • Sales fell nearly $100 million short of Street expectations. EPS was even worse. After adjusting for one-time items, income from continuing operations came in at $0.35 per stub, or $0.01 below projections.
  • The company generated full-year cash from operations of $1.25 billion, compared with $1.56 billion in operating cash flow during 2004.

(Figures in thousands, except per-share data)

Income Statement Highlights

Avg. Est.

Q4 2005

Q4 2004

% Change

Sales

$1,400

$1,305

$1,198

8.9

Net Profit

--

$62

$190

(67.4)

EPS

$0.36

$0.14

$0.42

(66.7)



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2005

Q4 2004

% Change

Gross Margin

51.19%

52.84%

(1.65)

Op. Margin

24.83%

30.38%

(5.56)

Net Margin

4.75%

15.86%

(11.11)



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2005

Q4 2004

% Change

Cash+ ST Invest.

$1,899

$1,724

10.2

Inventory

$320

$244

31.1

Accounts Rec.

$136

$130

4.6



Liabilities

Long-Term Debt

$1,929

$1,602

20.4

Accounts Pay.

$232

$222

4.5



Cash Flow Checkup

Q4 2005

Q4 2004

% Change

Cash From Ops

$482

$585

(17.6)

Capital Expend.

$340

$198

(71.7)

Free Cash Flow

$142

$387

(63.3)



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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