On Feb. 2, Comcast (NASDAQ:CMCSA) released FY 2005 earnings for the period ending Dec. 31.
- Comcast matched estimates by growing revenues 10%.
- Operating margins grew 2% on higher revenue-per-subscriber metrics.
- Net profit fell slightly on lower investments and other income versus 2004.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
2005 |
2004 |
Change | |
|---|---|---|---|---|
|
Sales |
$22,220 |
$22,255 |
$20,307 |
+9.6% |
|
Net profit |
-- |
$928 |
$970 |
-4.3% |
|
EPS |
$0.58 |
$0.42 |
$0.43 |
-2.3% |
Get back to basics with a look at the income statement.
Margin Checkup
|
2005 |
2004 |
Change | |
|---|---|---|---|
|
OCF margin* |
38.16% |
37.09% |
+1.08% |
|
Op. margin |
16.58% |
14.32% |
+2.26% |
|
Net margin |
4.17% |
4.78% |
-0.61% |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
2005 |
2004 |
Change |
|---|---|---|---|
|
Cash+ ST invest. |
$841 |
$2,007 |
-58.1% |
|
Accounts rec. |
$1,060 |
$959 |
+10.5% |
|
Liabilities |
2005 |
2004 |
Change |
|---|---|---|---|
|
Long-term debt |
$21,682 |
$20,093 |
+7.9% |
|
Accounts pay. |
$2,033 |
$2,041 |
-0.4% |
Cash Flow Highlights
|
2005 |
2004 |
Change | |
|---|---|---|---|
|
Cash from ops. |
$4,922 |
$5,930 |
-17.0% |
|
Capital expend. |
$3,621 |
$3,660 |
-1.1% |
|
Free cash flow |
$1,301 |
$2,270 |
-42.7% |
Find out why Fools always follow the money.
Related Companies:
- CBS (NYSE:CBS-A)
- DirecTV Group (NYSE:DTV)
- EchoStar Communications (NASDAQ:DISH)
- Time Warner (NYSE:TWX)
- Viacom (NYSE:VIA)
- Walt Disney (NYSE:DIS)
Related Foolishness:
- Time Warner Defiant: Fool by Numbers
- Viacom Strikes Out on Its Own
- The Television Shuffle
- Foolish Fundamentals: The Cash Flow Statement
Time Warner is a Motley Fool Stock Advisor selection.
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, Fool analyst Andy Cross owned shares of Comcast. Fool rules are here.
