Comcast (CMCSA) FY2020 results: revenue $103.6 billion, down 4.9% on the year
Comcast Corp. (CMCSA) reported revenue of $103.6 billion for fiscal 2020, the year ended 31 December 2020, down 4.9% on the year before. Net income was $10.5 billion, down 19.3%, and diluted earnings per share $2.28. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2021.
Revenue
$103.6 billion
-4.9% on the year
FY2013FY2020
Operating margin
16.9%
19.4% a year earlier
FY2013FY2020
Net income
$10.5 billion
-19.3% on the year
FY2013FY2020
Diluted EPS
$2.28
-19.4% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
103,564
108,942
94,507
-4.9%
Operating income
17,493
21,125
19,009
-17.2%
Operating margin
16.9%
19.4%
20.1%
Interest expense
4,588
4,567
3,542
+0.5%
Pre-tax income
14,065
16,996
15,242
-17.2%
Income tax
3,364
3,673
3,380
-8.4%
Effective tax rate
23.9%
21.6%
22.2%
Net income
10,534
13,057
11,731
-19.3%
Net margin
10.2%
12.0%
12.4%
Diluted EPS
$2.28
$2.83
$2.53
-19.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
24,737
25,697
24,297
-3.7%
Capital expenditure
9,179
9,953
9,774
-7.8%
Free cash flow
15,558
15,744
14,523
-1.2%
Free cash flow margin
15.0%
14.5%
15.4%
Cash from investing
-12,047
-14,841
-50,854
Cash from financing
-6,513
-9,181
27,140
Depreciation and amortisation
13,100
12,953
11,017
+1.1%
Share-based compensation
1,193
1,021
826
+16.8%
Buybacks
534
504
5,320
+6.0%
Dividends paid
4,140
3,735
3,352
+10.8%
Dividend per share
$0.92
$0.84
$0.76
+9.5%
Diluted shares, weighted
4,624m
4,610m
4,640m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
90,323
82,726
71,613
+9.2%
Non-controlling interest
1,415
1,148
889
+23.3%
Redeemable equity
1,280
1,372
1,316
-6.7%
Debt
103,760
102,217
111,743
+1.5%
Operating lease liabilities
3,740
3,891
n/a
-3.9%
Other liabilities
73,351
72,060
66,123
+1.8%
Total liabilities and equity
273,869
263,414
251,684
+4.0%
Fixed assets
51,995
48,322
44,437
+7.6%
Goodwill
70,669
68,725
66,154
+2.8%
Investments
8,112
8,698
7,977
-6.7%
Cash and equivalents
11,740
5,500
3,814
+113.5%
Receivables
11,466
11,292
11,104
+1.5%
Other assets
119,887
120,877
118,198
-0.8%
Total assets
273,869
263,414
251,684
+4.0%
10-K for the year ended 31 December 2020, filed 4 February 2021: the filing.