Comcast (CMCSA) FY2019 results: revenue $108.9 billion, up 15.3% on the year
Comcast Corp. (CMCSA) reported revenue of $108.9 billion for fiscal 2019, the year ended 31 December 2019, up 15.3% on the year before. Net income was $13.1 billion, up 11.3%, and diluted earnings per share $2.83. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2020.
Revenue
$108.9 billion
+15.3% on the year
FY2012FY2019
Operating margin
19.4%
20.1% a year earlier
FY2012FY2019
Net income
$13.1 billion
+11.3% on the year
FY2012FY2019
Diluted EPS
$2.83
+11.9% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
108,942
94,507
85,029
+15.3%
Operating income
21,125
19,009
17,987
+11.1%
Operating margin
19.4%
20.1%
21.2%
Interest expense
4,567
3,542
3,086
+28.9%
Pre-tax income
16,996
15,242
15,353
+11.5%
Income tax
3,673
3,380
-7,578
+8.7%
Effective tax rate
21.6%
22.2%
-49.4%
Net income
13,057
11,731
22,714
+11.3%
Net margin
12.0%
12.4%
26.7%
Diluted EPS
$2.83
$2.53
$4.75
+11.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
25,697
24,297
21,261
+5.8%
Capital expenditure
9,953
9,774
9,550
+1.8%
Free cash flow
15,744
14,523
11,711
+8.4%
Free cash flow margin
14.5%
15.4%
13.8%
Cash from investing
-14,841
-50,854
-13,533
Cash from financing
-9,181
27,140
-7,572
Depreciation and amortisation
12,953
11,017
10,130
+17.6%
Share-based compensation
1,021
826
751
+23.6%
Buybacks
504
5,320
5,435
-90.5%
Dividends paid
3,735
3,352
2,883
+11.4%
Dividend per share
$0.84
$0.76
$0.63
+10.5%
Diluted shares, weighted
4,610m
4,640m
4,786m
-0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
82,726
71,613
68,606
+15.5%
Non-controlling interest
1,148
889
843
+29.1%
Redeemable equity
1,372
1,316
1,357
+4.3%
Debt
102,217
111,743
64,556
-8.5%
Operating lease liabilities
3,891
n/a
n/a
Other liabilities
72,060
66,123
52,100
+9.0%
Total liabilities and equity
263,414
251,684
187,462
+4.7%
Fixed assets
48,322
44,437
38,470
+8.7%
Goodwill
68,725
66,154
36,780
+3.9%
Investments
8,698
7,977
6,950
+9.0%
Cash and equivalents
5,500
3,814
3,428
+44.2%
Receivables
11,292
11,104
8,834
+1.7%
Other assets
120,877
118,198
93,000
+2.3%
Total assets
263,414
251,684
187,462
+4.7%
10-K for the year ended 31 December 2019, filed 30 January 2020: the filing.