Comcast (CMCSA) FY2014 results: revenue $68.8 billion, up 6.4% on the year
Comcast Corp. (CMCSA) reported revenue of $68.8 billion for fiscal 2014, the year ended 31 December 2014, up 6.4% on the year before. Net income was $8.4 billion, up 22.9%, and diluted earnings per share $1.60. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$68.8 billion
+6.4% on the year
FY2007FY2014
Operating margin
21.7%
21.0% a year earlier
FY2007FY2014
Net income
$8.4 billion
+22.9% on the year
FY2007FY2014
Diluted EPS
$1.60
+25.0% on the year
FY2007FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
68,775
64,657
62,570
+6.4%
Operating income
14,904
13,563
12,179
+9.9%
Operating margin
21.7%
21.0%
19.5%
Interest expense
2,617
2,574
2,521
+1.7%
Pre-tax income
12,465
11,115
11,609
+12.1%
Income tax
3,873
3,980
3,744
-2.7%
Effective tax rate
31.1%
35.8%
32.3%
Net income
8,380
6,816
6,203
+22.9%
Net margin
12.2%
10.5%
9.9%
Diluted EPS
$1.60
$1.28
$1.14
+25.0%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
16,945
14,160
14,854
+19.7%
Capital expenditure
7,420
6,596
5,714
+12.5%
Free cash flow
9,525
7,564
9,140
+25.9%
Free cash flow margin
13.8%
11.7%
14.6%
Cash from investing
-8,733
-9,514
-1,486
Cash from financing
-6,020
-13,879
-4,037
Depreciation and amortisation
8,019
7,871
7,798
+1.9%
Share-based compensation
513
419
371
+22.4%
Buybacks
4,251
2,000
3,000
+112.5%
Dividends paid
2,254
1,964
1,608
+14.8%
Dividend per share
$0.45
$0.39
$0.33
+15.4%
Diluted shares, weighted
5,240m
5,330m
5,434m
-1.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
52,711
50,694
49,356
+4.0%
Non-controlling interest
357
364
440
-1.9%
Redeemable equity
n/a
n/a
16,998
Debt
43,864
44,567
40,458
-1.6%
Other liabilities
62,407
63,188
57,719
-1.2%
Total liabilities and equity
159,339
158,813
164,971
+0.3%
Fixed assets
30,953
29,840
27,232
+3.7%
Goodwill
27,316
27,098
26,985
+0.8%
Investments
3,737
7,343
7,789
-49.1%
Trading assets
523
3,956
4,027
-86.8%
Cash and equivalents
3,910
1,718
10,951
+127.6%
Receivables
6,321
6,376
5,521
-0.9%
Other assets
86,579
82,482
82,466
+5.0%
Total assets
159,339
158,813
164,971
+0.3%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.