Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1166691/000116669118000004/cmcsa-12312017x10k.htm
April 2022
January 2022
November 2021
October 2021
September 2021
August 2021
August 2021
August 2021
July 2021
June 2021
|
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.
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/1166691/000116669118000004/cmcsa-12312017x10k.htm
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Comcast Corp.
Comcast Corp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:
Rating
Learn More![]()
Within the Business section, refer to the Competition discussion, and within the Risk Factors section, refer to the risk factors entitled Our businesses currently face a wide range of competition, and our businesses and results of operations could be adversely affected if we do not compete effectively and Changes in consumer behavior driven by online distribution platforms for viewing content could adversely affect our businesses and challenge existing business models.
Effective January 1, 2017, our Board of Directors increased our share repurchase program authorization to a total of
Customer service expenses remained relatively flat in 2017 primarily due to reduced call volumes, which were partially offset by increased personnel costs.
primarily due to increases in employee-related costs, as well as the inclusion of a full year of expenses associated with DreamWorks Animation.
The most significant operating costs and expenses for our Cable Communications segment are the programming expenses we incur to provide content to our video customers, which increased
Our operating costs and expenses...Read more
Home entertainment revenue increased in...Read more
Theatrical revenue increased in 2017...Read more
Increases in the number of...Read more
These expenses increased in 2017...Read more
Other operating and administrative costs...Read more
Corporate and Other operating costs...Read more
The following graph illustrates the...Read more
Theme Parks segment operating costs...Read more
Theme Parks segment operating costs...Read more
Operating costs and expenses increased...Read more
Other operating costs and expenses...Read more
Net cash used in financing...Read more
Growth in our Cable Communications...Read more
Growth in our Cable Communications...Read more
Assumptions made about increased competition...Read more
Content licensing revenue increased in...Read more
An increase in operating margin...Read more
for additional information, including our...Read more
for additional information, including our...Read more
and decreased slightly in 2016...Read more
In January 2018, our Board...Read more
amounts available under our consolidated...Read more
Pro forma information does not...Read more
Pro forma information does not...Read more
primarily due to an increase...Read more
We anticipate that our programming...Read more
An increase in programming and...Read more
Excluding the impacts of the...Read more
We could record impairment charges...Read more
In addition, a future change...Read more
included $225 million recognized in...Read more
Recently, we have expanded our...Read more
primarily due to increases in...Read more
were primarily due to increases...Read more
This measure eliminates the significant...Read more
The following graph illustrates the...Read more
When analyzing the fair values...Read more
Our effective income tax rate...Read more
Our effective income tax rate...Read more
Theme Parks segment revenue increased...Read more
From time to time we...Read more
From time to time we...Read more
Advertising, marketing and promotion expenses...Read more
Technical and product support expenses...Read more
Corporate and Other operating costs...Read more
Growth in our NBCUniversal segments...Read more
An increase in total NBCUniversal...Read more
Distribution and other revenue increased...Read more
and an increase in Adjusted...Read more
The strengthening of the Japanese...Read more
Our Cable Communications segment operating...Read more
are focused on continued investment...Read more
We believe our customer base...Read more
Advertising, marketing and promotion expenses...Read more
Advertising, marketing and promotion expenses...Read more
, including changes in our...Read more
We believe that we will...Read more
The value of a franchise...Read more
An increase in total NBCUniversal...Read more
We are responding to this...Read more
Operating costs and expenses for...Read more
An increase in Cable Networks...Read more
An increase in Filmed Entertainment...Read more
An increase in Theme Parks...Read more
Other revenue increased in 2016...Read more
An increase in revenue of...Read more
The strengthening of the Japanese...Read more
These expenses increased in...Read more
Programming expenses increased in...Read more
Technical and product support expenses...Read more
Other operating and administrative expenses...Read more
We capitalize the costs of...Read more
If the fair value of...Read more
, including two Super Bowl...Read more
Consolidated depreciation and amortization expense...Read more
Programming and production costs decreased...Read more
Content licensing revenue increased in...Read more
Content licensing and other revenue...Read more
Content licensing revenue increased in...Read more
High-speed Internet revenue increased...Read more
Theme Parks segment revenue increased...Read more
An increase in programming expenses...Read more
An increase in programming expenses...Read more
The increase in 2016 was...Read more
Excluding $134 million of revenue...Read more
Excluding $1.0 billion of revenue...Read more
Income tax benefit expense reflects...Read more
The remaining increases in revenue...Read more
primarily due to increases in...Read more
primarily due to increases in...Read more
For additional information on the...Read more
was primarily due to the...Read more
Our income tax benefit also...Read more
as the impact of continued...Read more
primarily due to increased spending...Read more
The most sensitive factor affecting...Read more
total NBCUniversal revenue increased 10.1%...Read more
and increased in 2016 primarily...Read more
and increased in 2016 primarily...Read more
An increase in Corporate and...Read more
The 2017 Tax Act, among...Read more
Cable Communications programming contracts include...Read more
primarily due to higher levels...Read more
We believe that this measure...Read more
We offer the wireless phone...Read more
Liabilities for uncertain tax positions...Read more
Purchase obligations consist of agreements...Read more
Interest expense increased in...Read more
, including the impact of...Read more
The chart below summarizes our...Read more
In August 2016, we acquired...Read more
The decrease in net income...Read more
, respectively, primarily due to...Read more
primarily due to a decrease...Read more
The amount allocated to voice...Read more
The increases in revenue in...Read more
For multiple dwelling units ...Read more
reflecting the continued success of...Read more
We believe the increases in...Read more
Programming and production costs decreased...Read more
Excluding the impact of political...Read more
Consolidated Income Tax Benefit Expense...Read more
primarily due to an increase...Read more
, respectively, primarily due to...Read more
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Comcast Corp provided additional information to their SEC Filing as exhibits
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