Comcast (CMCSA) FY2018 results: revenue $94.5 billion, up 11.1% on the year
Comcast Corp. (CMCSA) reported revenue of $94.5 billion for fiscal 2018, the year ended 31 December 2018, up 11.1% on the year before. Net income was $11.7 billion, down 48.4%, and diluted earnings per share $2.53. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2019.
Revenue
$94.5 billion
+11.1% on the year
FY2011FY2018
Operating margin
20.1%
21.2% a year earlier
FY2011FY2018
Net income
$11.7 billion
-48.4% on the year
FY2011FY2018
Diluted EPS
$2.53
-46.7% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
94,507
85,029
80,736
+11.1%
Operating income
19,009
17,987
16,859
+5.7%
Operating margin
20.1%
21.2%
20.9%
Interest expense
3,542
3,086
2,942
+14.8%
Pre-tax income
15,242
15,353
14,353
-0.7%
Income tax
3,380
-7,578
5,308
Effective tax rate
22.2%
-49.4%
37.0%
Net income
11,731
22,714
8,695
-48.4%
Net margin
12.4%
26.7%
10.8%
Diluted EPS
$2.53
$4.75
$1.78
-46.7%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
24,297
21,261
19,691
+14.3%
Capital expenditure
9,774
9,550
9,135
+2.3%
Free cash flow
14,523
11,711
10,556
+24.0%
Free cash flow margin
15.4%
13.8%
13.1%
Cash from investing
-50,854
-13,533
-18,265
Cash from financing
27,140
-7,572
-434
Depreciation and amortisation
11,017
10,130
9,426
+8.8%
Share-based compensation
826
751
640
+10.0%
Buybacks
5,320
5,435
5,352
-2.1%
Dividends paid
3,352
2,883
2,601
+16.3%
Dividend per share
$0.76
$0.63
$0.55
+20.6%
Diluted shares, weighted
4,640m
4,786m
4,876m
-3.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
71,613
68,606
53,943
+4.4%
Non-controlling interest
889
843
2,231
+5.5%
Redeemable equity
1,316
1,357
1,446
-3.0%
Debt
111,743
64,556
61,046
+73.1%
Other liabilities
66,123
52,100
61,834
+26.9%
Total liabilities and equity
251,684
187,462
180,500
+34.3%
Fixed assets
44,437
38,470
36,253
+15.5%
Goodwill
66,154
36,780
35,980
+79.9%
Investments
7,977
6,950
5,344
+14.8%
Cash and equivalents
3,814
3,428
3,301
+11.3%
Receivables
11,104
8,834
7,955
+25.7%
Other assets
118,198
93,000
91,667
+27.1%
Total assets
251,684
187,462
180,500
+34.3%
10-K for the year ended 31 December 2018, filed 31 January 2019: the filing.