Pixar Animation Studios reported financial results for its fourth quarter and fiscal year ended December 31, 2005 last night.

The company earned $152.9 million, or $1.24 per fully diluted share, on revenues of $289.1 million. This compares to earnings of $141.7 million, or $1.19 per fully diluted share, on revenues of $273.5 million for the year ended January 1, 2005.

For the fourth quarter of 2005, Pixar earned $30.9 million, or $0.25 per fully diluted share, on revenues of $55.6 million. This compares to earnings of $55.2 million, or $0.45 per fully diluted share on revenues of $108.9 million, achieved in the fourth quarter of 2004.

"2005 marks Pixar's tenth year as a public company and, I'm pleased to report, our most profitable year ever," said Pixar CEO Steve Jobs.

"With the proposed merger of Pixar and Disney, this will likely be our last report as an independent public company, and I'd like to thank every Pixar shareholder for their support over the past decade in helping us build this amazing company."

Results for the fiscal year were driven by film revenue of $274.8 million, primarily from 'The Incredibles' and 'Finding Nemo'.