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Comcast Corporation Message Board

  • bluecheese4u bluecheese4u Feb 13, 2013 9:15 AM Flag

    Comcast Reports 4th Quarter and Year End 2012 Results

    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--(BUSINESS WIRE)-- 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."


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