On Jan. 31, Google (Nasdaq: GOOG ) released Q4 and full fiscal 2005 earnings for the period ending Dec. 31, 2005.
- Google reported revenues of $1.92 billion for the fourth quarter, an 86% increase over the same quarter last year.
- Investors ran for the hills today, sending the stock lower by more than 8% as of this writing. The concern? Google's $1.54 in per-share earnings (after excluding stock-based compensation expense) fell well short of the Street's expectations of $1.76 per stub. But, of course, this is silly: Google doesn't give guidance.
(Figures in thousands, except per-share data)
Income Statement Highlights
|
Avg. Est. |
Q4 2005 |
Q4 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$1,290,000 |
$1,919,093 |
$1,031,501 |
+86% |
|
Net Profit |
-- |
$372,208 |
$204,100 |
+82.4% |
|
EPS |
$1.76 |
$1.22 |
$0.71 |
+71.8% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2005 |
Q4 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
59.60% |
56.01% |
+3.59% |
|
Op. Margin |
29.68% |
29.36% |
+0.33% |
|
Net Margin |
19.39% |
19.79% |
-0.39% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
FY 2005 |
FY 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$8,034,227 |
$2,132,297 |
+276.8% |
|
Inventory |
$- |
$- |
N/A |
|
Accounts Rec. |
$687,976 |
$311,836 |
+120.6% |
|
Liabilities |
|||
|---|---|---|---|
|
Long-Term Debt |
$- |
$- |
N/A |
|
Accounts Pay. |
$115,575 |
$32,672 |
+253.7% |
Cash Flow Highlights
|
FY 2005 |
FY 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$2,459,422 |
$977,044 |
+151.7% |
|
Capital Expend. |
$838,217 |
$318,995 |
+162.8% |
|
Free Cash Flow |
$1,621,205 |
$658,049 |
+146.4% |
Find out why Fools always follow the money.
Related Companies:
- Apple (Nasdaq: AAPL )
- Microsoft (Nasdaq: MSFT )
- Napster (Nasdaq: NAPS )
- Time Warner (NYSE: TWX )
- United Online (Nasdaq: UNTD )
- Yahoo! (Nasdaq: YHOO )
Related Foolishness:
- Is Google about to take a Napster?
- AOL betrayed Google.
- Mmmmmm, that Apple is juicy.
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.
Microsoft is a Motley Fool Inside Value recommendation.Sign upfor a risk-free 30-day trial to get the inside scoop on all the picks that are helping chief analyst Philip Durell beat the market by nearly 5% as of this writing. Orsubscribeorrenewtoday and we'll throw inStocks 2006, which features our analysts' best picks for the year ahead.
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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