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Comcast Reports 2nd Quarter 2013 Results

Comcast Corporation (NASDAQ: CMCSA, CMCSK) today reported results for the quarter ended June 30, 2013.

Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, “We are pleased with our results this quarter. Cable had outstanding growth, particularly in high-speed Internet, and NBCUniversal had strong performance across all of its businesses. Our focus on delivering innovative products and a superior customer experience is driving our success, including stronger video, voice and business services results in cable. NBCUniversal has real momentum, with solid growth in revenue and double-digit cash flow growth. We have a fantastic combination of cable and content businesses with many opportunities ahead.”

       

Consolidated Financial Results

         
  2nd Quarter Year to Date
($ in millions)   2012   2013   Growth         2012   2013   Growth
Revenue   $ 15,211   $ 16,270   7.0 %         $ 30,089   $ 31,580   5.0 %
Operating Cash Flow (OCF) 1   $ 5,004   $ 5,425   8.4 %         $ 9,692   $ 10,459   7.9 %
Operating Income   $ 3,079   $ 3,435   11.6 %         $ 5,837   $ 6,502   11.4 %
Earnings per Share 2   $ 0.50   $ 0.65   30.0 %         $ 0.94   $ 1.19   26.6 %
Free Cash Flow 3 $ 1,554   $ 1,948   25.4 % $ 4,593   $ 5,086   10.7 %
 

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.

Revenue for the second quarter of 2013 increased 7.0% to $16.3 billion. Operating Cash Flow increased 8.4% to $5.4 billion and Operating Income increased 11.6% to $3.4 billion.

For the six months ended June 30, 2013, revenue increased 5.0% to $31.6 billion. Excluding $259 million of revenue generated by the NFL’s Super Bowl in the first quarter of 2012, revenue increased 5.9% (see Table 5). Operating cash flow increased 7.9% to $10.5 billion and operating income increased 11.4% to $6.5 billion.

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