On March 6, CVRD (NYSE:RIO) released full-year earnings for the period ended Dec. 31, 2005.
- Volumes of iron ore and pellets shipped increased 10% for the year.
- Average realized prices for iron ore increased 66%, while prices for pellets increased 78%.
- Adjusted EBITDA increased 76% to $6.5 billion.
(Figures in millions, except per-share data)
Income Statement Highlights
|
Avg. Est. |
2005 |
2004 |
% Change | |
|---|---|---|---|---|
|
Sales |
NA |
$12,792 |
$8,066 |
58.6 |
|
Net Profit |
-- |
$4,841 |
$2,573 |
88.1 |
|
EPS |
$4.06 |
$4.20 |
$2.23 |
88.3 |
Get back to basics with a look at the income statement.
Margin Checkup
|
2005 |
2004 |
% Change | |
|---|---|---|---|
|
Gross Margin |
51.31% |
49.40% |
1.90 |
|
Op. Margin |
42.46% |
38.72% |
3.75 |
|
Net Margin |
37.84% |
31.90% |
5.94 |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
2005 |
2004 |
% Change |
|---|---|---|---|
|
Cash+ ST Invest. |
$1,041 |
$1,249 |
(16.7) |
|
Liabilities |
2005 |
2004 |
% Change |
|---|---|---|---|
|
Long-Term Debt |
$5,010 |
$4,088 |
22.6 |
|
Shareholders E. |
$11,977 |
$7,391 |
62 |
Cash Flow Highlights
|
2005 |
2004 |
% Change | |
|---|---|---|---|
|
Cash From Ops |
$5,161 |
$3,471 |
48.7 |
|
Capital Expend. |
$3,977 |
$2,022 |
96.7 |
|
Free Cash Flow |
$1,184 |
$1,449 |
18.3 |
Find out why Fools always follow the money.
Related Companies:
- Rio Tinto (NYSE:RTP)
- BHP Billiton (NYSE:BHP)
- Cleveland-Cliffs (NYSE:CLF)
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.
Fool contributor Stephen Simpson has no financial interest in any stocks mentioned (that means he's neither long nor short the shares).
