Comcast Corporation (CMCSA) Q2 2010 Earnings Call July 28, 2010 8:30 a.m. ET Executives Marlene Dooner - SVP, IR Brian Roberts - CEO Michael Angelakis - CFO Steve Burke - COO Neil Smit - President Analysts Jason Bazinet - Citi Jessica Reif-Cohen - Bank of America Merrill Lynch John Hodulik - UBS Jason Armstrong - Goldman Sachs Spencer Wang - Credit Suisse Craig Moffett - Sanford Bernstein Ben Swinburne - Morgan Stanley Doug Mitchelson - Deutsche Bank James Ratcliffe - Barclays Capitals Marci Ryvicker - Wells Fargo Securities Mike McCormack - JPMorgan PresentationOperator
Good morning ladies and gentlemen and welcome to Comcast's Second Quarter 2010 Earnings Conference Call. At this time all participants are in a listen only mode. Please note that this conference call is being recorded. I will now turn the call over to Senior Vice President, Investor Relations, Ms. Marlene Dooner. Please go ahead, Ms. Dooner. Marlene Dooner Thank you, operator and welcome everyone to our second quarter 2010 earnings call. Joining me on the call are Brian Roberts, Steve Burk, Michael Angelakis and Neil Smit. As always let me first refer you to slide number 2, which contains our Safe Harbor disclaimer and remind you that this conference call may include forward looking statements subject to certain risks and uncertainties. In addition, in this call we will refer to certain non-GAAP financial measures. Please refer to our 8-K for the reconciliation of non-GAAP financial measures to GAAP. With that let me now turn the call to Brian Roberts for his comments, Brian? Brian Roberts Thanks Marlene and good morning everyone. Today we are pleased to report strong financial results for the second quarter and the first half as we continue to focus on profitable growth. In the second quarter, revenue and operating cash flow growth accelerated to 6%, and we generated $1.4 billion of free cash flow, an increase of 16%.