On Jan. 17, Yahoo!
- Adjusted earnings of $0.16 per share are a penny short of the $0.17 average estimate.
- Revenues were also lighter than estimates.
- A huge one-time gain boosted net profits.
- A complex restructuring transaction lowered the effective tax rate to 3% for the quarter.
(Figures in thousands, except per-share data)
Income Statement Highlights
Q4 2005 | Q4 2004 | % Change | |
|---|---|---|---|
Sales* | $1,501,000 | $1,077,707 | +39.3% |
Net Profit | $683,208 | $372,524 | +83.4% |
EPS | $0.46 | $0.25 | +84.0% |
Get back to basics with a look at the income statement.
Margin Checkup
Q4 2005 | Q4 2004 | Change | |
|---|---|---|---|
Gross Margin | 61.83% | 64.08% | -2.25% |
Op. Margin | 21.92% | 21.79% | +0.13% |
Net Margin | 45.52% | 34.57% | +10.95% |
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 | -0.0% |
Accounts Pay. | $70,291 | $48,205 | +45.8% |
Cash Flow Highlights
Quarterly | Q4 2005 | Q4 2004 | % Change |
|---|---|---|---|
Cash From Ops | $481,342 | $336,720 | +43.0% |
Capital Expend. | $151,640 | $85,369 | +77.6% |
Free Cash Flow | $329,702 | $251,351 | +31.2% |
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! Lurches Across the Line: 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. Check out our suite of newsletters here with a 30-day trial subscription. Fool rules are here.
