On Jan. 17, Yahoo!
- Large one-time gain in Q4 boosted net earnings.
- Adjusted net income of $0.58 per share versus adjusted net income of $0.36 for the prior year.
- Complex restructuring transaction lowered effective tax rate to 3% for Q4, lowering the full-year rate to 30%.
(Figures in thousands, except per-share data)
Income Statement Highlights
FY 2005 | FY 2004 | % Change | |
|---|---|---|---|
Sales* | $5,257,668 | $3,574,517 | +47.1% |
Net Profit | $1,896,230 | $839,553 | +125.9% |
EPS | $1.28 | $0.58 | +120.1% |
Get back to basics with a look at the income statement.
Margin Checkup
FY 2005 | FY 2004 | Change | |
|---|---|---|---|
Gross Margin | 61.35% | 63.67% | -2.33% |
Op. Margin | 21.07% | 19.26% | +1.81% |
Net Margin | 36.07% | 23.49% | +12.58% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets | Q4 2005 | Q4 2004 | % Change |
|---|---|---|---|
Cash + ST Invest. | $2,560,834 | $3,511,975 | -27.1% |
Inventory | -- | -- | N/A |
Accounts Rec. | $721,723 | $479,993 | +50.4% |
Liabilities | Q4 2005 | Q4 2004 | % Change |
|---|---|---|---|
Long-Term Debt | $749,995 | $750,000 | 0% |
Accounts Pay. | $70,291 | $48,205 | +45.8% |
Cash Flow Highlights
Full Year | FY 2005 | FY 2004 | % Change |
|---|---|---|---|
Cash From Ops. | $1,700,713 | $1,089,821 | +56.1% |
Capital Expend. | $408,934 | $245,501 | +66.6% |
Free Cash Flow | $1,291,779 | $844,320 | +53.0% |
Find out why Fools always follow the money.
Related companies:
- Google
(NASDAQ:GOOG) - InterActiveCorp
(NASDAQ:IACI) - Microsoft
(NASDAQ:MSFT) - Time Warner
(NYSE:TWX) - CNET
(NASDAQ:CNET) - Sina
(NASDAQ:SINA)
Related Foolishness:
- While Google Grows, Yahoo! Slows
- Yahoo! Yeeowch: Fool by Numbers
- Foolish Fundamentals: Margins
- Foolish Fundamentals: Free Cash Flow
- Foolish Fundamentals: Valuation
- Foolish Fundamentals: GAAP
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 Microsoft, but no positions in any other firm mentioned. CNET is a Motley Fool Rule Breakers recommendation. Microsoft is an Inside Value recommendation. Time Warner is a Stock Advisor recommendation. Fool rules are here.
