Comcast (CMCSA) FY2011 results: revenue $55.8 billion, up 47.2% on the year
Comcast Corp. (CMCSA) reported revenue of $55.8 billion for fiscal 2011, the year ended 31 December 2011, up 47.2% on the year before. Net income was $4.2 billion, up 14.4%, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2012.
Revenue
$55.8 billion
+47.2% on the year
FY2007FY2011
Operating margin
19.2%
21.0% a year earlier
FY2007FY2011
Net income
$4.2 billion
+14.4% on the year
FY2007FY2011
Diluted EPS
$0.75
+16.3% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
55,842
37,937
35,756
+47.2%
Selling, general and administrative
n/a
8,091
7,662
Operating income
10,721
7,980
7,214
+34.3%
Operating margin
19.2%
21.0%
20.2%
Interest expense
2,505
2,156
2,348
+16.2%
Pre-tax income
8,207
6,104
5,106
+34.5%
Income tax
3,050
2,436
1,478
+25.2%
Effective tax rate
37.2%
39.9%
28.9%
Net income
4,160
3,635
3,638
+14.4%
Net margin
7.4%
9.6%
10.2%
Diluted EPS
$0.75
$0.65
$0.63
+16.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
14,345
11,179
10,281
+28.3%
Capital expenditure
5,307
4,961
5,117
+7.0%
Free cash flow
9,038
6,218
5,164
+45.4%
Free cash flow margin
16.2%
16.4%
14.4%
Cash from investing
-12,508
-5,711
-5,897
Cash from financing
-6,201
-155
-4,908
Depreciation and amortisation
7,636
6,616
6,500
+15.4%
Share-based compensation
344
300
257
+14.7%
Buybacks
2,141
1,200
765
+78.4%
Dividends paid
1,187
1,064
761
+11.6%
Dividend per share
$0.23
$0.19
$0.15
+19.0%
Diluted shares, weighted
5,556m
5,640m
5,770m
-1.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
47,274
44,354
42,721
+6.6%
Non-controlling interest
381
80.0
90.0
+376.2%
Redeemable equity
16,014
143
n/a
+11,098.6%
Debt
39,309
31,415
27,940
+25.1%
Other liabilities
54,840
42,542
41,982
+28.9%
Total liabilities and equity
157,818
118,534
112,733
+33.1%
Fixed assets
27,559
23,515
23,855
+17.2%
Goodwill
26,874
14,958
14,933
+79.7%
Intangible assets
n/a
3,602
4,105
Investments
9,908
6,751
5,997
+46.8%
Cash and equivalents
1,620
5,984
671
-72.9%
Receivables
4,652
1,855
1,711
+150.8%
Other assets
87,205
61,869
61,461
+41.0%
Total assets
157,818
118,534
112,733
+33.1%
10-K for the year ended 31 December 2011, filed 23 February 2012: the filing.