Comcast (CMCSA) FY2012 results: revenue $62.6 billion, up 12.0% on the year
Comcast Corp. (CMCSA) reported revenue of $62.6 billion for fiscal 2012, the year ended 31 December 2012, up 12.0% on the year before. Net income was $6.2 billion, up 49.1%, and diluted earnings per share $1.14. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$62.6 billion
+12.0% on the year
FY2007FY2012
Operating margin
19.5%
19.2% a year earlier
FY2007FY2012
Net income
$6.2 billion
+49.1% on the year
FY2007FY2012
Diluted EPS
$1.14
+52.0% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
62,570
55,842
37,937
+12.0%
Selling, general and administrative
n/a
n/a
8,091
Operating income
12,179
10,721
7,980
+13.6%
Operating margin
19.5%
19.2%
21.0%
Interest expense
2,521
2,505
2,156
+0.6%
Pre-tax income
11,609
8,207
6,104
+41.5%
Income tax
3,744
3,050
2,436
+22.8%
Effective tax rate
32.3%
37.2%
39.9%
Net income
6,203
4,160
3,635
+49.1%
Net margin
9.9%
7.4%
9.6%
Diluted EPS
$1.14
$0.75
$0.65
+52.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
14,854
14,345
11,179
+3.5%
Capital expenditure
5,714
5,307
4,961
+7.7%
Free cash flow
9,140
9,038
6,218
+1.1%
Free cash flow margin
14.6%
16.2%
16.4%
Cash from investing
-1,486
-12,508
-5,711
Cash from financing
-4,037
-6,201
-155
Depreciation and amortisation
7,798
7,636
6,616
+2.1%
Share-based compensation
371
344
300
+7.8%
Buybacks
3,000
2,141
1,200
+40.1%
Dividends paid
1,608
1,187
1,064
+35.5%
Dividend per share
$0.33
$0.23
$0.19
+44.4%
Diluted shares, weighted
5,434m
5,556m
5,640m
-2.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
49,356
47,274
44,354
+4.4%
Non-controlling interest
440
381
80.0
+15.5%
Redeemable equity
16,998
16,014
143
+6.1%
Debt
40,458
39,309
31,415
+2.9%
Other liabilities
57,719
54,840
42,542
+5.2%
Total liabilities and equity
164,971
157,818
118,534
+4.5%
Fixed assets
27,232
27,559
23,515
-1.2%
Goodwill
26,985
26,874
14,958
+0.4%
Intangible assets
n/a
n/a
3,602
Investments
7,789
9,908
6,751
-21.4%
Trading assets
4,027
n/a
n/a
Cash and equivalents
10,951
1,620
5,984
+576.0%
Receivables
5,521
4,652
1,855
+18.7%
Other assets
82,466
87,205
61,869
-5.4%
Total assets
164,971
157,818
118,534
+4.5%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.