On Jan. 18, eBay (NASDAQ:EBAY) released FY 2005 earnings for the period ended Dec. 31, 2005.

  • Record full-year revenues of $4.5 billion.
  • Free cash flow substantially negative when factoring in acquisitions.
  • Total listings total 1.9 billion, a record, and 33% growth over 2004.

(Figures in thousands, except per-share data)

Income Statement Highlights

FY 2005

FY 2004

% Change

Sales

$4,552,401

$3,271,309

+39.2%

Net Profit

$1,082,043

$778,223

+39.0%

EPS

$0.78

$0.57

+36.8%



Get back to basics with a look at the income statement.

Margin Checkup

FY 2005

FY 2004

Change

Gross Margin

82.03%

81.22%

+0.81%

Op. Margin

31.67%

32.38%

-0.71%

Net Margin

23.77%

23.79%

-0.02%



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2005

Q4 2004

% Change

Cash+ ST Invest.

$2,088,230

$2,012,049

+3.8%

Inventory

-

-

N/A

Accounts Rec.

$578,070

$364,280

+58.7%

AR figure includes the line item "funds receivable from customers"

Liabilities

FY 2005

FY 2004

% Change

Long-Term Debt

$-

$-

N/A

Accounts Pay.

$642,343

$369,763

+73.7%

AP figure includes the line item "Funds payable and amounts due to customers."

Cash Flow Highlights

FY 2005

FY 2004

% Change

Cash From Ops

$2,009,891

$1,285,315

+56.4%

Capital Expend.

$3,070,511

$1,329,314

+131.0%

Free Cash Flow

$(1,060,620)

$(43,999)

N/A

Capex figure includes acquisitions.

Find out why Fools always follow the money.

Related Companies:

  • Yahoo! (NASDAQ:YHOO)
  • Overstock.com (NASDAQ:OSTK)
  • Google (NASDAQ:GOOG)
  • Wal-Mart (NYSE:WMT)

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 no positions in any company mentioned. eBay is aMotley Fool Stock Advisorrecommendation. Overstock.com is aRule Breakers pick. Fool rules are here.