On Feb. 7, Coca-Cola (NYSE:KO) released Q4 2005 earnings for the period ending Dec. 31, 2005.

  • Revenues were up 7% for the quarter.
  • EPS of $0.36 included $0.10 worth of ye olde "one-time" charges, allowing Coke to "beat" the estimates.
  • Cash from operations reached a record $6.4 billion.

(Figures in millions, except per-share data)

Income Statement Highlights

Q4 2005

Q4 2004

% Change

Sales

$5,551

$5,204

+6.7%

Net Profit

$864

$1,201

-28.1%

EPS

$0.36

$0.50

-28.0%



Get back to basics with a look at the income statement.

Margin Checkup

Q4 2005

Q4 2004

Change

Gross Margin

64.04%

65.16%

-1.12%

Op. Margin

22.73%

25.88%

-3.15%

Net Margin

15.56%

23.08%

-7.51%



Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q4 2005

Q4 2004

% Change

Cash + ST Invest.

$4,767

$6,768

-29.6%

Inventory

$1,424

$1,420

+0.3%

Accounts Rec.

$2,281

$2,244

+1.6%



Liabilities

Q4 2005

Q4 2004

% Change

Long-Term Debt
+ Current Maturities

$1,182

$2,647

-55.3%

Accounts Pay.

$4,493

$4,403

+2.0%



Cash Flow Highlights*

Q4 2005

Q4 2004

% Change

Cash From Ops.

$6,423

$5,968

+7.6%

Capital Expend.

$899

$755

+19.1%

Free Cash Flow

$5,524

$5,213

+6.0%

*Cash flow numbers are for the year ending Dec. 31.

Find out why Fools always follow the money.

Related Companies:

  • PepsiCo (NYSE:PEP)
  • Hansen Natural (NASDAQ:HANS)
  • Cadbury Schweppes (NYSE:CSG)
  • Cott (NYSE:COT)

Related Foolishness:

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At the time of publication, Seth Jayson had no positions in any company mentioned here.Fool rules are here.