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%

*Operating Cash Flow Margin

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%



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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 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.