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Comcast Reports 4th Quarter and Year End 2016 Results

          January 26, 2017

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; 12th 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--(BUSINESS WIRE)-- 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."   

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