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Comcast Corp (CMCSA) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Comcast Corp

CIK: 1166691 Ticker: CMCSA

Exhibit 99.1

 

 

PRESS RELEASE

 

COMCAST REPORTS 3rd QUARTER 2018 RESULTS

 

Consolidated 3rd Quarter 2018 Highlights:

 

·                Consolidated Revenue Increased 5.0%; Net Income Attributable to Comcast Increased 9.3%; Adjusted EBITDA Increased 2.5%

 

·                Net Cash Provided by Operating Activities was $6.0 Billion; Free Cash Flow was $3.1 Billion

 

·                Earnings per Share Increased by 12.7% to $0.62; On an Adjusted Basis, Earnings per Share Increased 27.5% to $0.65

 

·                Dividends Paid Totaled $871 Million and Share Repurchases were $1.3 Billion

 

Cable Communications 3rd Quarter 2018 Highlights:

 

·                Cable Communications Revenue Increased 3.4%; Adjusted EBITDA Increased 7.6%

 

·                Total Customer Relationships Increased 3.4% Year-Over-Year to 30.1 Million, Including Net Additions of 288,000 in the Quarter

 

·                Adjusted EBITDA per Customer Relationship Increased 4.4%

 

·                High-Speed Internet Residential Revenue Increased 9.6%; Business Services Revenue Increased 10.6%; Total High-Speed Internet Customers Increased by 363,000

 

NBCUniversal 3rd Quarter 2018 Highlights:

 

·                NBCUniversal Revenue Increased 8.1%; Adjusted EBITDA Decreased 8.5%, Reflecting Tough Comparisons at Filmed Entertainment and Weather-Related Disruptions at Theme Parks

 

·                Cable Networks and Broadcast Television Collectively Increased Adjusted EBITDA 5.6%

 

·                For the 2017-2018 Season, NBC Ranked #1 in Primetime in Total Viewers for the First Time in 16 Years and Ranked #1 in Primetime Among Adults 18-49 for the Fifth Consecutive Year

 

PHILADELPHIA - October 25, 2018… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter ended September 30, 2018.

 

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “This is an exciting and important time in Comcast’s history. To highlight a few of the achievements in our businesses this quarter, Comcast Cable’s EBITDA growth was the fastest in six years, and customer relationship growth accelerated, driven by the best broadband net additions for a third quarter in ten years. At NBCUniversal, our TV businesses continued their strong performance. NBC finished the 52-week season ranked #1 in total viewers for the first time in 16 years and #1 in adults 18-49 for the fifth consecutive season, and is off to a great start in the new season. Our recently completed acquisition of Sky is transformative for our company, helping create a unique global leader in media, technology, television and broadband.”

 


The following information was filed by Comcast Corp (CMCSA) on Thursday, October 25, 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheet
Condensed Consolidated Balance Sheet (Parenthetical)
Condensed Consolidated Statement Of Cash Flows
Condensed Consolidated Statement Of Changes In Equity
Condensed Consolidated Statement Of Comprehensive Income
Condensed Consolidated Statement Of Comprehensive Income (Parenthetical)
Condensed Consolidated Statement Of Income
Commitments And Contingencies
Commitments And Contingencies (Narrative) (Details)
Condensed Consolidated Financial Statements
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)
Film And Television Costs
Film And Television Costs (Film And Television Costs) (Details)
Film And Television Costs (Tables)
Investments
Investments (Equity Method) (Details)
Investments (Investment And Other Income (Loss), Net) (Details)
Investments (Marketable Equity Securities) (Details)
Investments (Other Investments) (Details)
Investments (Schedule Of Investments) (Details)
Investments (Tables)
Long-Term Debt
Long-Term Debt (Commercial Paper Programs) (Details)
Long-Term Debt (Cross-Guarantee Structure) (Details)
Long-Term Debt (Debt Borrowings) (Details)
Long-Term Debt (Debt Repayments) (Details)
Long-Term Debt (Narrative) (Details)
Long-Term Debt (Revolving Credit Facilities) (Details)
Long-Term Debt (Tables)
Recent Accounting Pronouncements And Tax Reform
Recent Accounting Pronouncements And Tax Reform (Effect Of Changes In Revenue Recognition - Cable Communications Segment) (Details)
Recent Accounting Pronouncements And Tax Reform (Effect Of Changes In Revenue Recognition - Statement Of Income) (Details)
Recent Accounting Pronouncements And Tax Reform (Effects Of Changes In Revenue Recognition - Balance Sheet) (Details)
Recent Accounting Pronouncements And Tax Reform (Narrative) (Details)
Recent Accounting Pronouncements And Tax Reform (Policies)
Recent Accounting Pronouncements And Tax Reform (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 (Tables)
Revenue
Revenue (Condensed Consolidated Balance Sheet) (Details)
Revenue (Details)
Revenue (Narrative) (Details)
Revenue (Revenue By Geographic Location) (Details)
Revenue (Tables)
Segment Information
Segment Information (Details)
Segment Information (Reconciliation Of Adjusted Ebitda From Segment To Consolidated Statements) (Details)
Segment Information (Tables)
Significant Transaction (Universal Studios Japan) (Details)
Significant Transactions
Significant Transactions (Acquisition-Related Expenses) (Details)
Significant Transactions (Fcc Spectrum Auction) (Details)
Significant Transactions (Sky Offer) (Details)
Significant Transactions (Tables)
Significant Transactions (Universal Beijing Resort) (Details)
Supplemental Financial Information
Supplemental Financial Information (Cash Payments For Interest And Income Taxes) (Details)
Supplemental Financial Information (Cash, Cash Equivalents And Restricted Cash) (Details)
Supplemental Financial Information (Components Of Accumulated Other Comprehensive Income (Loss)) (Details)
Supplemental Financial Information (Noncash Investing And Financing Activities) (Details)
Supplemental Financial Information (Share-Based Compensation) (Details)
Supplemental Financial Information (Tables)

Material Contracts, Statements, Certifications & more

Comcast Corp provided additional information to their SEC Filing as exhibits

Ticker: CMCSA
CIK: 1166691
Form Type: 10-Q Quarterly Report
Accession Number: 0001166691-18-000024
Submitted to the SEC: Thu Oct 25 2018 3:29:12 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Sunday, September 30, 2018
Industry: Cable And Other Pay Television Services

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