Comcast (CMCSA) FY2013 results: revenue $64.7 billion, up 3.3% on the year
Comcast Corp. (CMCSA) reported revenue of $64.7 billion for fiscal 2013, the year ended 31 December 2013, up 3.3% on the year before. Net income was $6.8 billion, up 9.9%, and diluted earnings per share $1.28. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2014.
Revenue
$64.7 billion
+3.3% on the year
FY2007FY2013
Operating margin
21.0%
19.5% a year earlier
FY2007FY2013
Net income
$6.8 billion
+9.9% on the year
FY2007FY2013
Diluted EPS
$1.28
+12.3% on the year
FY2007FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
64,657
62,570
55,842
+3.3%
Operating income
13,563
12,179
10,721
+11.4%
Operating margin
21.0%
19.5%
19.2%
Interest expense
2,574
2,521
2,505
+2.1%
Pre-tax income
11,115
11,609
8,207
-4.3%
Income tax
3,980
3,744
3,050
+6.3%
Effective tax rate
35.8%
32.3%
37.2%
Net income
6,816
6,203
4,160
+9.9%
Net margin
10.5%
9.9%
7.4%
Diluted EPS
$1.28
$1.14
$0.75
+12.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
14,160
14,854
14,345
-4.7%
Capital expenditure
6,596
5,714
5,307
+15.4%
Free cash flow
7,564
9,140
9,038
-17.2%
Free cash flow margin
11.7%
14.6%
16.2%
Cash from investing
-9,514
-1,486
-12,508
Cash from financing
-13,879
-4,037
-6,201
Depreciation and amortisation
7,871
7,798
7,636
+0.9%
Share-based compensation
419
371
344
+12.9%
Buybacks
2,000
3,000
2,141
-33.3%
Dividends paid
1,964
1,608
1,187
+22.1%
Dividend per share
$0.39
$0.33
$0.23
+20.0%
Diluted shares, weighted
5,330m
5,434m
5,556m
-1.9%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
50,694
49,356
47,274
+2.7%
Non-controlling interest
364
440
381
-17.3%
Redeemable equity
n/a
16,998
16,014
Debt
44,567
40,458
39,309
+10.2%
Other liabilities
63,188
57,719
54,840
+9.5%
Total liabilities and equity
158,813
164,971
157,818
-3.7%
Fixed assets
29,840
27,232
27,559
+9.6%
Goodwill
27,098
26,985
26,874
+0.4%
Investments
7,343
7,789
9,908
-5.7%
Trading assets
3,956
4,027
n/a
-1.8%
Cash and equivalents
1,718
10,951
1,620
-84.3%
Receivables
6,376
5,521
4,652
+15.5%
Other assets
82,482
82,466
87,205
+0.0%
Total assets
158,813
164,971
157,818
-3.7%
10-K for the year ended 31 December 2013, filed 12 February 2014: the filing.