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Comcast Corp (CMCSA) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Comcast Corp

CIK: 1166691 Ticker: CMCSA

Exhibit 99.1

 

 

PRESS RELEASE

 

 

 

COMCAST REPORTS 4th QUARTER AND YEAR END 2016 RESULTS

 

 

Full Year 2016 Highlights:

 

·                 Consolidated Revenue Increased 7.9%, Operating Income Increased 5.4%, Operating Cash Flow Increased 7.0%

 

·                 Net Cash Provided by Operating Activities was $19.2 Billion; Free Cash Flow was $8.2 Billion

 

·                 Earnings per Share Increased 10.2% to $3.57; On an Adjusted Basis, EPS Increased 7.1% to $3.48

 

·                 Cable Communications Revenue Increased 6.6% and Operating Cash Flow Increased 5.6%

 

·                 Customer Relationships Increased by 858,000, a 29.0% Improvement Compared to 2015; Best Video Customer Results in 10 Years; Best High-Speed Internet Customer Results in 9 Years

 

·                 NBCUniversal Revenue Increased 11.0% and Operating Cash Flow Increased 13.8%

 

4th Quarter 2016 Highlights:

 

·                 Consolidated Revenue Increased 9.2%, Operating Income Increased 6.6%, Operating Cash Flow Increased 7.8%

 

·                 Net Cash Provided by Operating Activities was $5.7 Billion; Free Cash Flow was $2.6 Billion

 

·                 Earnings per Share Increased 20.3% to $0.95; On an Adjusted Basis, EPS Increased 9.9% to $0.89

 

·                 Cable Communications Revenue Increased 7.1% and Operating Cash Flow Increased 6.4%

 

·                 Added 258,000 Customer Relationships; Video Customer Net Additions were 80,000; High-Speed Internet Customer Net Additions were 385,000

 

·                 NBCUniversal Revenue Increased 13.0% and Operating Cash Flow Increased 14.0%

 

Dividends and Share Repurchases:

 

·                 Dividends and Share Repurchases Totaled $7.6 Billion in 2016

 

·                 Declared a Two-for-One Stock Split in the Form of a 100% Dividend Payable on February 17, 2017; 12

th Stock Split in Company History

 

·                 Increased Dividend by 15% to $1.26 per Share on an Annualized, Pre-Split Basis; Increased Share Repurchase Authorization to $12.0 Billion, with $5.0 Billion Expected to be Repurchased in 2017

 

PHILADELPHIA – January 26, 2017… Comcast Corporation (NASDAQ: CMCSA) today reported results for the quarter and year ended December 31, 2016.

 

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “I look back on 2016 with pride and enthusiasm. This is a special company, with a team I am delighted to work with, executing at a high level. We’re pleased to report another year of strong financial and operational results, which reflect our focus on innovation, investing in the business and putting the customer first. Our performance at Comcast Cable was exceptionally strong. We grew operating cash flow 5.6%, added 161,000 video subscribers, the best video customer results in a decade, and delivered our best high-speed Internet customer results in nine years. NBCUniversal also had a terrific year, fueled by the tremendous success of the Olympics, the opening of new attractions at our theme parks, and strong theatrical performances, particularly in animation.  The consistency and strength of our results enables us to announce that we are increasing our dividend by 15% per share, we will split our stock two-for-one, the twelfth split in our company’s history, and we expect to repurchase $5 billion of our stock this year. As we begin 2017, we are well positioned to continue driving growth and shareholder value as we embark on the opportunities ahead.”

 


The following information was filed by Comcast Corp (CMCSA) on Thursday, January 26, 2017 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)
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 (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 (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 (tables)
Postretirement, Pension And Other Employee Benefit Plans
Postretirement, Pension And Other Employee Benefit Plans (deferred Compensation Plans) (details)
Postretirement, Pension And Other Employee Benefit Plans (information On Our Pension Benefit Plans) (details)
Postretirement, Pension And Other Employee Benefit Plans (narrative) (details)
Postretirement, Pension And Other Employee Benefit Plans (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 (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)
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 (narrative) (details)
Significant Transactions (preliminary Allocation Of Purchase Price) (details)
Significant Transactions (pro Forma Information) (details)
Significant Transactions (tables)
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: 0001193125-17-030512
Submitted to the SEC: Fri Feb 03 2017 2:34:03 PM EST
Accepted by the SEC: Fri Feb 03 2017
Period: Saturday, December 31, 2016
Industry: Cable And Other Pay Television Services

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