On Feb. 27, Newmont Mining
- Sales of $4.4 billion were essentially flat from the year before and missed analyst expectations. The bottom line was no better. Net income before a lot of one-time items was $0.84, or two cents below Street projections.
- Worse, management says 2006 will mark the third straight year of declining sales volume. Ouch.
- Maybe Fellow Fool Rick Munarriz is right. Maybe I'd better take Google over gold. (But maybe I should listen to the other argument first.)
(Figures in millions, except per-share data)
Income Statement Highlights
Avg. Est. |
FY 2005 |
FY 2004 |
% Change |
|
---|---|---|---|---|
Sales |
$4,490 |
$4,406 |
$4,411 |
(0.1%) |
Net Profit |
-- |
$322 |
$443 |
(27.3%) |
EPS |
$0.93 |
$0.72 |
$1.00 |
(28.0%) |
Get back to basics with a look at the income statement.
Margin Checkup
FY 2005 |
FY 2004 |
% Change |
|
---|---|---|---|
Gross Margin |
47.34% |
49.78% |
(2.44%) |
Op. Margin |
24.15% |
25.19% |
(1.04%) |
Net Margin |
7.31% |
10.04% |
(2.73%) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
Assets |
FY 2005 |
FY 2004 |
% Change |
---|---|---|---|
Cash+ ST Invest. |
$1,899 |
$1,724 |
10.2% |
Inventory |
$320 |
$244 |
31.1% |
Accounts Rec. |
$136 |
$130 |
4.6% |
Liabilities |
|||
---|---|---|---|
Long-Term Debt |
$1,929 |
$1,602 |
20.4% |
Accounts Pay. |
$232 |
$222 |
4.5% |
Cash Flow Highlights
FY 2005 |
FY 2004 |
% Change |
|
---|---|---|---|
Cash From Ops |
$1,243 |
$1,557 |
(20.2%) |
Capital Expend. |
$1,251 |
$718 |
74.2% |
Free Cash Flow |
$(8) |
$839 |
N/A |
Find out why Fools always follow the money.
Related Companies:
-
AngloGold Ashanti
(NYSE:AU) -
Barrick Gold
(NYSE:ABX) -
Cambior
(NYSE:CBJ) -
Goldcorp
(NYSE:GG) -
Golden Star
(NYSE:GSS) -
Placer Dome
(NYSE:PDG)
Related Foolishness:
- Gold went to $500. Where's all the excitement?
- What is it? A gold rush? Or a gold bust?
- Help! The vault's been broken into!
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 Tim Beyers didn't own shares in any of the companies mentioned in this story at the time of publication. You can find out what is in his portfolio by checking Tim's Fool profile . The Motley Fool has an ironclad disclosure policy .