On Oct. 20, SanDisk (NASDAQ:SNDK) released third-quarter 2005 earnings for the period ending Oct. 2.

  • Top and bottom line accelerated as revenues grew 44.5% and EPS jumped 89.7%. See what happens when you invest in this kind of speed.

  • Earnings power was up as product gross margin rose to 37% from 29% in the prior-year quarter, and total gross margin climbed to 43.6%.

  • Free cash flow rose nearly 200% over the first 3 quarters of the prior year. See why this matters.

(Figures in thousands, except per-share data)

Income Statement Highlights (What's this?)

Avg. Est.

Q3 2005

Q3 2004

% Change

Sales

$522,000

$589,631

$407,954

+44.5%

Net Profit

--

$107,458

$54,102

+98.6%

EPS

$0.35

$0.55

$0.29

+89.7%



Margin Checkup (What's this?)

Q3 2005

Q3 2004

Change

Gross Margin

43.55%

36.13%

+7.42%

Op. Margin

26.89%

20.51%

+6.38%

Net Margin

18.22%

13.26%

+4.96%



Balance Sheet Highlights (What's this?)

Assets

Q3 2005

Q3 2004

% Change

Cash+ ST Invest.

$1,655,550

$1,351,013

+22.5%

Inventory

$286,878

$181,329

+58.2%

Accounts Rec.

$211,219

$136,156

+55.1%



Liabilities

Q3 2005

Q3 2004

% Change

Long-Term Debt

$-

$-

N/A

Accounts Pay.

$146,317

$113,949

+28.4%



Cash Flow Highlights (What's this?)

Q3 2005

Q3 2004

% Change

Cash From Ops

$401,984

$215,330

+86.7%

Capital Expend.

$80,500

$108,019

-25.5%

Free Cash Flow

$321,484

$107,311

+199.6%

(Cumulative, for the first three quarters of the fiscal year)

Related Companies:

  • Lexar (NASDAQ:LEXR)
  • Motorola (NYSE:MOT)
  • Apple (NASDAQ:AAPL)
  • Intel (NASDAQ:INTC)
  • AMD (NASDAQ:AMD)
  • Sony (NYSE:SNE)
  • Hynix

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 check Fool.com for more of our in-depth discussion of what the numbers mean.

At the time of publication, Seth Jayson had shares of SanDisk but no positions in any other company mentioned. Fool rules are here.