Comcast (CMCSA) FY2017 results: revenue $85.0 billion, up 5.3% on the year
Comcast Corp. (CMCSA) reported revenue of $85.0 billion for fiscal 2017, the year ended 31 December 2017, up 5.3% on the year before. Net income was $22.7 billion, up 161.2%, and diluted earnings per share $4.75. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2018.
Revenue
$85.0 billion
+5.3% on the year
FY2010FY2017
Operating margin
21.2%
20.9% a year earlier
FY2010FY2017
Net income
$22.7 billion
+161.2% on the year
FY2010FY2017
Diluted EPS
$4.75
+166.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
85,029
80,736
74,510
+5.3%
Operating income
17,987
16,859
15,998
+6.7%
Operating margin
21.2%
20.9%
21.5%
Interest expense
3,086
2,942
2,702
+4.9%
Pre-tax income
15,353
14,353
13,372
+7.0%
Income tax
-7,578
5,308
4,959
Effective tax rate
-49.4%
37.0%
37.1%
Net income
22,714
8,695
8,163
+161.2%
Net margin
26.7%
10.8%
11.0%
Diluted EPS
$4.75
$1.78
$1.62
+166.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
21,261
19,691
19,485
+8.0%
Capital expenditure
9,550
9,135
8,499
+4.5%
Free cash flow
11,711
10,556
10,986
+10.9%
Free cash flow margin
13.8%
13.1%
14.7%
Cash from investing
-13,533
-18,265
-11,964
Cash from financing
-7,572
-434
-9,136
Depreciation and amortisation
10,130
9,426
8,680
+7.5%
Share-based compensation
751
640
567
+17.3%
Buybacks
5,435
5,352
7,175
+1.6%
Dividends paid
2,883
2,601
2,437
+10.8%
Dividend per share
$0.63
$0.55
$0.50
+14.5%
Diluted shares, weighted
4,786m
4,876m
5,036m
-1.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
68,606
53,943
52,269
+27.2%
Non-controlling interest
843
2,231
1,709
-62.2%
Redeemable equity
1,357
1,446
1,221
-6.2%
Debt
64,556
61,046
48,994
+5.7%
Other liabilities
52,100
61,834
62,381
-15.7%
Total liabilities and equity
187,462
180,500
166,574
+3.9%
Fixed assets
38,470
36,253
33,665
+6.1%
Goodwill
36,780
35,980
32,945
+2.2%
Investments
6,950
5,344
3,330
+30.1%
Trading assets
n/a
n/a
22.0
Cash and equivalents
3,428
3,301
2,295
+3.8%
Receivables
8,834
7,955
6,896
+11.0%
Other assets
93,000
91,667
87,421
+1.5%
Total assets
187,462
180,500
166,574
+3.9%
10-K for the year ended 31 December 2017, filed 31 January 2018: the filing.