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Comcast Corp (CMCSA) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2012

Comcast Corp

CIK: 1166691 Ticker: CMCSA

Exhibit 99.1

 

LOGO   PRESS RELEASE

 

 

Investor Contacts:

      Press Contacts:  

Marlene S. Dooner

Jane B. Kearns

 

(215) 286-7392

(215) 286-4794

   

D’Arcy Rudnay

John Demming

 

(215) 286-8582

(215) 286-8011

COMCAST REPORTS 4th QUARTER AND YEAR END 2012 RESULTS

2012 Consolidated Revenue Increased 12.0%, Operating Cash Flow Increased 8.8% and

Operating Income Increased 13.6%

2012 Earnings per Share Increased 52.0% to $2.28; Excluding Gains on Asset Sales and Other Adjustments, EPS Increased 22.2% to $1.93

Free Cash Flow Increased 13.3% to $7.9 Billion

Dividends and Share Repurchases Totaled $4.6 Billion in 2012

Dividend to Increase 20% to $0.78 per Share on an Annualized Basis;

$2.0 Billion of Comcast Stock to be Repurchased in 2013

PHILADELPHIA – February 12, 2013… Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter and year ended December 31, 2012.

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “I am really pleased to report strong results for the 4th quarter and the full year of 2012 and delighted that we are able to accelerate the acquisition of General Electric’s 49% common equity interest in NBCUniversal while also having the financial strength to return capital to shareholders. To underscore our confidence, we are increasing our dividend by 20% and plan to repurchase $2 billion of our stock this year. Our businesses have real momentum and we continue to benefit from our focus on operational excellence and to leverage all of our content and technology platforms to expand the entertainment choices we offer consumers. Cable’s fourth quarter and full year results demonstrate consistent improvement in customer metrics and growth in every product, led by High-Speed Internet. NBCUniversal’s results principally highlight the improving performance of our broadcast businesses. Our ongoing investments in programming, technology and new products are driving innovation and supporting this strong performance. As we begin 2013, our scale in distribution and content, combined with our focus on execution and innovation, provides many opportunities to continue to build value for our shareholders.”

Consolidated Financial Results

 

 

 
($ in millions)   

4th Quarter

             

Full Year

 
    

2011

    

2012

    

Growth

             

2011*

    

2012

    

Growth

 
 

Revenue

   $ 15,042       $ 15,937         5.9         $ 55,842       $ 62,570         12.0
 

Operating Cash Flow (OCF)1

   $ 4,916       $ 5,277         7.3         $ 18,357       $ 19,977         8.8
 

Operating Income

   $ 2,918       $ 3,294         12.9         $ 10,721       $ 12,179         13.6
 

Earnings per Share2

   $ 0.47       $ 0.56         19.1         $ 1.50       $ 2.28         52.0
 

Free Cash Flow3

   $ 1,876       $ 1,832         (2.3 %)          $ 7,009       $ 7,939         13.3

* Full Year 2011 includes 11 months of NBCUniversal and 6 months of Universal Orlando results.

 

  

For additional detail on segment revenue and expenses, customer metrics, capital expenditures, and free cash flow, please refer to the trending schedules on Comcast’s Investor Relations website at www.cmcsa.com or www.cmcsk.com.


The following information was filed by Comcast Corp (CMCSA) on Wednesday, February 13, 2013 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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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 (policy)
Acquisitions
Acquisitions (narrative) (details)
Acquisitions (nbcuniversal Purchase Price Allocation) (details)
Acquisitions (pro Forma Information) (details)
Acquisitions (tables)
Acquisitions (transaction-related Expenses)(details)
Acquisitions (universal Orlando Purchase Price Allocation) (details)
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) (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)
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)
Fair Value Disclosure Rollforward (details)
Fair Value Measurements
Fair Value Measurements (details)
Fair Value Measurements (tables)
Film And Television Costs
Film And Television Costs (film And Television Costs)(details)
Film And Television Costs (narrative)(details)
Film And Television Costs (tables)
Financial Data By Business Segment
Financial Data By Business Segment (details)
Financial Data By Business Segment (tables)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (intangible Assets) (details)
Goodwill And Intangible Assets (tables)
Goodwill And Other Intangible Assets (amortization Of Intangible Assets) (details)
Goodwill Rollforward (details)
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 (details)
Investments (equity Method Investments) (details)
Investments (fair Value Method Investments) (details)
Investments (investment Income (loss), Net) (details)
Investments (tables)
Long-term Debt
Long-term Debt (commercial Paper Program) (details)
Long-term Debt (debt Borrowings And Repayments) (details)
Long-term Debt (debt Maturities) (details)
Long-term Debt (narrative) (details)
Long-term Debt (revolving Credit Facility) (details)
Long-term Debt (tables)
Noncontrolling Interests
Noncontrolling Interests (details)
Noncontrolling Interests (tables)
Pension Plans And Postretirement Benefits
Pension Plans And Postretirement Benefits (benefit Obligation And Expense For Our Split-dollar Life Insurance Agreements) (details)
Pension Plans And Postretirement Benefits (components Of Benefits Expense)(details)
Pension Plans And Postretirement Benefits (deferred Compensation Plans) (details)
Pension Plans And Postretirement Benefits (information On Our Pension Benefit Plans) (details)
Pension Plans And Postretirement Benefits (narrative) (details)
Postretirement, Pension And Other Employee Benefit Plans (tables)
Property And Equipment
Property And Equipment (details)
Property And Equipment (tables)
Quarterly Financial Information
Quarterly Financial Information (details)
Quarterly Financial Information (tables)
Receivables Monetization
Receivables Monetization (effect On Income From Receivables Monetization And Cash Flows On Transfers)(details)
Receivables Monetization (narrative)(details)
Receivables Monetization (receivables Monetized And Deferred Consideration)(details)
Receivables Monetization (tables)
Schedule Ii Valuation And Qualifying Accounts
Schedule Ii Valuation And Qualifying Accounts (details)
Schedule Ii Valuation And Qualifying Accounts (tables)
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 (tables)
Subsequent Events
Subsequent Events (details)
Supplemental Financial Information
Supplemental Financial Information (cash Payments For Interest And Income Taxes)(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: 0001193125-13-067658
Submitted to the SEC: Wed Feb 20 2013 6:48:53 PM EST
Accepted by the SEC: Thu Feb 21 2013
Period: Monday, December 31, 2012
Industry: Cable And Other Pay Television Services

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