Comcast (CMCSA) FY2016 results: revenue $80.7 billion, up 8.4% on the year
Comcast Corp. (CMCSA) reported revenue of $80.7 billion for fiscal 2016, the year ended 31 December 2016, up 8.4% on the year before. Net income was $8.7 billion, up 6.5%, and diluted earnings per share $1.78. The figures are the company's own, from the 10-K it filed with the SEC on 3 February 2017.
Revenue
$80.7 billion
+8.4% on the year
FY2009FY2016
Operating margin
20.9%
21.5% a year earlier
FY2009FY2016
Net income
$8.7 billion
+6.5% on the year
FY2009FY2016
Diluted EPS
$1.78
+10.2% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
80,736
74,510
68,775
+8.4%
Operating income
16,859
15,998
14,904
+5.4%
Operating margin
20.9%
21.5%
21.7%
Interest expense
2,942
2,702
2,617
+8.9%
Pre-tax income
14,353
13,372
12,465
+7.3%
Income tax
5,308
4,959
3,873
+7.0%
Effective tax rate
37.0%
37.1%
31.1%
Net income
8,695
8,163
8,380
+6.5%
Net margin
10.8%
11.0%
12.2%
Diluted EPS
$1.78
$1.62
$1.60
+10.2%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
19,691
19,485
16,945
+1.1%
Capital expenditure
9,135
8,499
7,420
+7.5%
Free cash flow
10,556
10,986
9,525
-3.9%
Free cash flow margin
13.1%
14.7%
13.8%
Cash from investing
-18,265
-11,964
-8,733
Cash from financing
-434
-9,136
-6,020
Depreciation and amortisation
9,426
8,680
8,019
+8.6%
Share-based compensation
640
567
513
+12.9%
Buybacks
5,352
7,175
4,251
-25.4%
Dividends paid
2,601
2,437
2,254
+6.7%
Dividend per share
$0.55
$0.50
$0.45
+10.0%
Diluted shares, weighted
4,876m
5,036m
5,240m
-3.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
53,943
52,269
52,711
+3.2%
Non-controlling interest
2,231
1,709
357
+30.5%
Redeemable equity
1,446
1,221
n/a
+18.4%
Debt
61,046
48,994
43,864
+24.6%
Other liabilities
61,834
62,381
62,407
-0.9%
Total liabilities and equity
180,500
166,574
159,339
+8.4%
Fixed assets
36,253
33,665
30,953
+7.7%
Goodwill
35,980
32,945
27,316
+9.2%
Investments
5,344
3,330
3,737
+60.5%
Trading assets
n/a
22.0
523
Cash and equivalents
3,301
2,295
3,910
+43.8%
Receivables
7,955
6,896
6,321
+15.4%
Other assets
91,667
87,421
86,579
+4.9%
Total assets
180,500
166,574
159,339
+8.4%
10-K for the year ended 31 December 2016, filed 3 February 2017: the filing.