On Jan. 17, Intel (NASDAQ:INTC) released Q4 2005 earnings for the period ending Dec. 31, 2005.

  • Revenue, earnings, and margins miss Street expectations and company guidance.
  • Inventory growth outpaces sales by a wide margin.
  • Updated 2006 revenue guidance is lower than the low end of analyst estimates.

(Figures in millions, except per-share data)

Income Statement Highlights

Avg. Est.

Q4 2005

Q4 2004

% Change

Sales

$10,560

$10,201

$9,598

+6.3%

Net Profit

--

$2,453

$2,123

+15.5%

EPS

$0.43

$0.40

$0.33

+21.2%



Learn more about the income statement.

Margin Checkup

Q4 2005

Q4 2004

Change

Gross Margin

61.76%

56.02%

+5.74%

Op. Margin

32.44%

30.21%

+2.22%

Net Margin

24.05%

22.12%

+1.93%



For more information on the importance of margins, check your Foolish fundamentals.

Balance Sheet Highlights(What's this?)

Assets

Q4 2005

Q4 2004

% Change

Cash + ST Invest.

$11,314

$14,061

-19.5%

Inventory

$3,126

$2,621

+19.3%

Accounts Rec.

$3,914

$2,999

+30.5%



Liabilities

Q4 2005

Q4 2004

% Change

Long-Term Debt

$2,106

$703

+199.6%

Accounts Pay.

$6,453

$6,050

+6.7%



Concerned about that inventory buildup? Learn what it can tell you about a company's health.

Cash Flow Highlights(What's this?)

Quarterly CF

Q4 2005

Q4 2004

% Change

*Cash From Ops

$3,526

$3,305

+6.7%

Capital Expend.

$1,359

$1,031

+31.8%

Free Cash Flow

$2,167

$2,274

-4.7%

*Complete cash flow statement not yet supplied by Intel. Comparable rough estimate of cash from ops = net income + depreciation + amortization. Capex assumed to include acquisitions.

Find out why Fools always follow the money.

Related Companies:

  • AMD (NYSE:AMD)
  • Apple (NASDAQ:AAPL)
  • Dell (NASDAQ:DELL)
  • TexasInstruments (NYSE:TXN)
  • Freescale Semiconductor (NYSE:FSL)

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 Jaysonheld no financial position in any company mentioned here. Dell is aMotley Fool Stock Advisorrecommendation. Fool rules arehere.