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 $2 billion of our stock this year. Our businesses have real momentum and we continue to benefit from our focus on operational excellence and to leverage all of our content and technology platforms to expand the entertainment choices we offer consumers. Cable’s fourth quarter and full year results demonstrate consistent improvement in customer metrics and growth in every product, led by High-Speed Internet. NBCUniversal’s results principally highlight the improving performance of our broadcast businesses. Our ongoing investments in programming, technology and new products are driving innovation and supporting this strong performance. As we begin 2013, our scale in distribution and content, combined with our focus on execution and innovation, provides many opportunities to continue to build value for our shareholders.”
Consolidated Financial Results
|4th Quarter||Full Year|
|($ in millions)||2011||2012||Growth||2011*||2012||Growth|
|Operating Cash Flow (OCF) 1||$4,916||$5,277||7.3||%||$18,357||$19,977||8.8||%|
|Earnings per Share 2||$0.47||$0.56||19.1||%||$1.50||$2.28||52.0||%|
|Free Cash Flow 3||$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.