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Comcast Corp (CMCSA) SEC Filing 10-K Annual report for the fiscal year ending Sunday, December 31, 2017

Comcast Corp

CIK: 1166691 Ticker: CMCSA

Exhibit 99.1

 

 

PRESS RELEASE

 

 

 

 

COMCAST REPORTS 4th QUARTER AND YEAR END 2017 RESULTS

 

Full Year 2017 Highlights:

 

·                   Consolidated Revenue Increased 5.1%; Net Income Attributable to Comcast Increased 161%; Adjusted EBITDA Increased 6.2%

 

·                   Net Cash Provided by Operating Activities was $21.4 Billion; Free Cash Flow was $9.6 Billion

 

·                   Earnings per Share Increased 167% to $4.75; On an Adjusted Basis, Earnings per Share Increased 18.4% to $2.06

 

·                   Cable Communications Revenue Increased 4.9%; Adjusted EBITDA Increased 5.3%

 

·                   Customer Relationships Increased by 770,000; Over 1 Million High-Speed Internet Customer Net Additions for the 12th Consecutive Year

 

·                   NBCUniversal Revenue Increased 4.4%; Adjusted EBITDA Increased 14.1%; Excluding the 2016 Rio Olympics, Revenue Increased 10.1%

 

4th Quarter 2017 Highlights:

 

·                   Consolidated Revenue Increased 4.2%; Net Income Attributable to Comcast Increased by $12.7 Billion to $15.0 Billion; Adjusted EBITDA of $6.8 Billion was Consistent with the Prior Year

 

·                   Net Cash Provided by Operating Activities was $5.4 Billion; Free Cash Flow was $2.0 Billion

 

·                   Earnings per Share Increased by $2.69 to $3.17; On an Adjusted Basis, Earnings per Share Increased 8.9% to $0.49

 

·                   Cable Communications Revenue Increased 3.4%; Adjusted EBITDA Increased 4.2%

 

·                   Customer Relationships Increased by 243,000; High-Speed Internet Customer Net Additions were 350,000; Video Customer Net Losses were 33,000

 

·                   NBCUniversal Revenue Increased 3.9%; Adjusted EBITDA Increased 6.4%

 

Dividends and Share Repurchases:

 

·                   Dividends and Share Repurchases Totaled $7.9 Billion in 2017

 

·                   Increased Dividend by 21% to $0.76 per Share on an Annualized Basis for 2018; As of December 31, 2017, Comcast had $7.0 Billion Available under its Share Repurchase Authorization, with at Least $5 Billion Expected to be Repurchased in 2018

 

PHILADELPHIA - January 24, 2018… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2017.

 

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “I am exceptionally proud of our performance this past year, and we enter 2018 with significant momentum.  In 2017, we achieved strong financial and operational results while also delivering new innovations, experiences and must-see content to people around the world.  At Cable, our best-in-class products and continued focus on the customer experience drove healthy EBITDA growth balanced with strong customer relationship net additions. At NBCUniversal, our Film business achieved record profitability, our Theme Parks delivered record attendance, and our TV business produced strong results - demonstrating the power of our sports, news and entertainment content. We are excited to have the Super Bowl on NBC, followed by the 2018 Winter Olympic Games in PyeongChang. The Olympics highlight our strengths and capabilities across Comcast NBCUniversal, as we combine the storytelling of NBC with Comcast technology to create a truly spectacular viewing experience. Overall, we feel great about our company and our positioning as we head into the year. Our confidence in the business enables us to announce, with the support of our Board, a 21% increase in our dividend, which is our 10th consecutive annual increase. We also expect to repurchase at least $5 billion of our stock in 2018.”

 


The following information was filed by Comcast Corp (CMCSA) on Wednesday, January 24, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Comcast Corp's 10-K Annual Report:

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheet
Consolidated Balance Sheet (parenthetical)
Consolidated Statement Of Cash Flows
Consolidated Statement Of Changes In Equity
Consolidated Statement Of Comprehensive Income
Consolidated Statement Of Comprehensive Income (parenthetical)
Consolidated Statement Of Income
Accounting Policies
Accounting Policies (policies)
Business And Basis Of Presentation
Business And Basis Of Presentation (details)
Commitments And Contingencies
Commitments And Contingencies (minimum Annual Commitments Under The Programming License Agreements And Operating Leases) (details)
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (rental Expense) (details)
Commitments And Contingencies (tables)
Condensed Consolidating Financial Information
Condensed Consolidating Financial Information (condensed Consolidating Balance Sheet) (details)
Condensed Consolidating Financial Information (condensed Consolidating Statement Of Cash Flows) (details)
Condensed Consolidating Financial Information (condensed Consolidating Statement Of Income) (details)
Condensed Consolidating Financial Information (narrative) (details)
Condensed Consolidating Financial Information (tables)
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Employee Benefit Plans
Employee Benefit Plans (deferred Compensation Plans) (details)
Employee Benefit Plans (information On Our Pension Benefit Plans) (details)
Employee Benefit Plans (narrative) (details)
Employee Benefit Plans (tables)
Equity
Equity (aggregate Share Repurchases) (details)
Equity (changes In Common Stock) (details)
Equity (components Of Accumulated Other Comprehensive Income (loss)) (details)
Equity (narrative) (details)
Equity (tables)
Film And Television Costs
Film And Television Costs (narrative) (details)
Film And Television Costs (schedule) (details)
Film And Television Costs (tables)
Financial Data By Business Segment
Financial Data By Business Segment (details)
Financial Data By Business Segment (reconciliation Of Adjusted Ebitda From Segment To Consolidated Statements) (details)
Financial Data By Business Segment (revenue By Geographic Location) (details)
Financial Data By Business Segment (tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (amortization Of Intangible Assets) (details)
Goodwill And Intangible Assets (intangible Assets) (details)
Goodwill And Intangible Assets (narrative) (details)
Goodwill And Intangible Assets (schedule Of Change In Goodwill) (details)
Goodwill And Intangible Assets (tables)
Income Taxes
Income Taxes (components Of Income Tax Expense) (details)
Income Taxes (components Of Net Deferred Tax Liability) (details)
Income Taxes (federal Statutory) (details)
Income Taxes (narrative) (details)
Income Taxes (reconciliation Of Unrecognized Tax Benefits) (details)
Income Taxes (tables)
Investments
Investments (cost Method Investments) (details)
Investments (equity Method Investments Summarized Financial Information) (details)
Investments (equity Method Investments) (details)
Investments (fair Value Method Investments) (details)
Investments (investment Income (loss), Net) (details)
Investments (schedule Of Investments) (details)
Investments (tables)
Long-term Debt
Long-term Debt (debt Borrowings) (details)
Long-term Debt (debt Maturities) (details)
Long-term Debt (debt Repayments) (details)
Long-term Debt (narrative) (details)
Long-term Debt (schedule Of Debt Outstanding) (details)
Long-term Debt (senior Notes Exchange) (details)
Long-term Debt (tables)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (details)
Quarterly Financial Information (unaudited) (tables)
Recent Accounting Pronouncements
Recent Accounting Pronouncements (details)
Recent Accounting Pronouncements (effects Of Changes In Revenue Recognition) (details)
Recent Accounting Pronouncements (tables)
Related Party Transactions
Related Party Transactions (condensed Consolidated Balance Sheet) (details)
Related Party Transactions (condensed Consolidated Statement Of Income) (details)
Related Party Transactions (narrative) (details)
Related Party Transactions (share-based Compensation) (details)
Related Party Transactions (tables)
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts (details)
Share-based Compensation
Share-based Compensation (narrative) (details)
Share-based Compensation (recognized Share-based Compensation Expense) (details)
Share-based Compensation (restricted Share Units And Stock Option Fair Value) (details)
Share-based Compensation (stock Options And Restricted Share Units) (details)
Share-based Compensation, Stock Options And Restricted Stock Units (tables)
Significant Transactions
Significant Transactions (allocation Of Purchase Price) (details)
Significant Transactions (dreamworks Animation) (details)
Significant Transactions (fcc Spectrum Auction) (details)
Significant Transactions (tables)
Significant Transactions (time Warner Cable Merger) (details)
Significant Transactions (universal Studios Japan) (details)
Supplemental Financial Information
Supplemental Financial Information (cash Payments For Interest And Income Taxes)(details)
Supplemental Financial Information (components Of Accumulated Other Comprehensive Income (loss)) (details)
Supplemental Financial Information (noncash Investing And Financing Activities)(details)
Supplemental Financial Information (receivables)(details)
Supplemental Financial Information (tables)
Ticker: CMCSA
CIK: 1166691
Form Type: 10-K Annual Report
Accession Number: 0001166691-18-000004
Submitted to the SEC: Wed Jan 31 2018 4:35:39 PM EST
Accepted by the SEC: Wed Jan 31 2018
Period: Sunday, December 31, 2017
Industry: Cable And Other Pay Television Services

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