On Oct. 20, Ford
- Net loss per share excluding special items was $0.10, or one penny worse than the Street consensus. Makes you wonder what executives are so optimistic about, eh?
- This is Ford's first quarterly net loss in more than two years. The biggest contributor was Ford's ailing auto business, which posted a $1.3 billion pre-tax loss, more than double the $609 million loss posted in last year's Q3.
- The finance team couldn't cover this time, either, as operating margins were nearly cut in half. Ouch.
(Figures in millions, except per-share data)
Income Statement Highlights (What's this?)
|
Avg. Est. |
Q3 2005 |
Q3 2004 |
% Change |
|
|---|---|---|---|---|
|
Sales |
$32,040 |
$40,856 |
$39,121 |
+4.4% |
|
Net Profit |
-- |
$(284) |
$266 |
NA |
|
EPS |
$(0.09) |
$(0.15) |
$0.15 |
NA |
Margin Checkup (What's this?)
|
Q3 2005 |
Q3 2004 |
Change |
|
|---|---|---|---|
|
Gross Margin |
17.93% |
20.87% |
-2.94% |
|
Op. Margin |
-3.28% |
6.32% |
-3.03% |
|
Net Margin |
-0.70% |
0.68% |
-1.38% |
Balance Sheet Highlights (What's this?)
|
Assets |
Q3 2005 |
Q3 2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$36,814 |
$28,998 |
+27% |
|
Inventory |
$11,687 |
$10,981 |
+6.4% |
|
Accounts Rec. |
$97,042 |
$115,351 |
-15.9% |
|
Liabilities |
|||
|---|---|---|---|
|
Long-Term Debt |
$141,738 |
$164,707 |
-13.9% |
|
Accounts Pay. |
$22,991 |
$22,399 |
+2.6% |
Cash Flow Highlights (What's this?)
|
Q3 2005 |
Q3 2004 |
% Change |
|
|---|---|---|---|
|
Cash From Ops |
$20,103 |
$19,887 |
+1.1% |
|
Capital Expend. |
$5,462 |
$4,896 |
+11.6% |
|
Free Cash Flow |
$14,641 |
$14,991 |
-2.3% |
Related Companies:
- BMW (OTC BB: BAMXF.PK)
-
DaimlerChrysler
(NYSE:DCX) -
General Motors
(NYSE:GM) -
Honda
(NYSE:HMC) -
Nissan
(NASDAQ:NSANY) -
Toyota
(NYSE:TM)
Related Foolishness:
- Oh, I see, it's all Japan's fault.
- It was, after all, too late to the comeback party.
- The little things are what really matter for Ford. Boeing
(NYSE:BA) , too.
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.
The Motley Fool has kicked off its ninth annual Foolanthropy campaign! Nominate your favorite charities on our Foolanthropy discussion board through Nov. 1. For guidelines on what makes a charity Foolish, visit www.foolanthropy.com .
Fool contributor Tim Beyers didn'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 Fool profile . BMW is a Motley Fool Stock Advisor recommendation. The Motley Fool has an ironclad disclosure policy .
