CCZ FY 2009 Earnings Report — Comcast Holdings Corp. Revenue & Financial Results | Market Cap Arena

Comcast Holdings Corp.CCZ

FY 2009 Earnings

Reported February 23, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$35.8B	—	$34.3B	—	4.4%
Op. Income	$7.2B	—	$6.7B	—	7.2%
Gross Margin	38.4%	—	60.7%	—	-22.3pp
Net Margin	10.2%	—	7.4%	—	2.7pp
EPS (Diluted)	$0.63	—	$0.43	—	46.5%
Free Cash Flow	$4.6B	—	$4.0B	—	17.4%

Revenue Flow

Item	Amount
REVENUE	$35.8B
Cost of Revenue	$22.0B
GROSS PROFIT	$13.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$7.6B
Other Expenses	$6.5B
Operating Expenses	$6.5B
Cost & Expenses	$28.5B
OPERATING INCOME	$7.2B
Interest Income	$0
Interest Expense	$2.3B
Other Income/Expenses	-$2.1B
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$6.5B
EBIT	$7.5B
EBITDA	$14.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$35.8B
Cost of Revenue	$22.0B
GROSS PROFIT	$13.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$7.6B
Other Expenses	$6.5B
Operating Expenses	$6.5B
Cost & Expenses	$28.5B
OPERATING INCOME	$7.2B
Interest Income	$0
Interest Expense	$2.3B
Other Income/Expenses	-$2.1B
INCOME BEFORE TAX	$5.1B
Income Tax Expense	$1.5B
Net Income from Continuing Ops	$3.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3.6B
D&A	$6.5B
EBIT	$7.5B
EBITDA	$14.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3.6B
Depreciation & Amortization	$6.5B
Stock-Based Compensation	$257M
Deferred Income Tax	$832M
Other Non-Cash Items	$23M
Change in Working Capital	-$959M
OPERATING CASH FLOW	$10.3B
Capital Expenditure	-$5.6B
Acquisitions (Net)	-$88M
Purchases of Investments	-$346M
Sales/Maturities of Investments	$102M
Other Investing Activities	$74M
NET CASH FROM INVESTING	-$5.9B
Net Debt Issuance	-$3.2B
Common Stock Repurchased	-$765M
Common Dividends Paid	-$761M
Other Financing Activities	-$209M
NET CASH FROM FINANCING	-$4.9B
FREE CASH FLOW	$4.6B
Net Change in Cash	-$524M

Balance Sheet

Item	Amount
Cash & Equivalents	$671M
Short-Term Investments	$50M
Net Receivables	$1.7B
Inventory	$0
Other Current Assets	$791M
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$23.9B
Goodwill	$14.9B
Intangible Assets	$63.6B
Long-Term Investments	$5.9B
Tax Assets	$240M
Other Non-Current Assets	$978M
TOTAL NON-CURRENT ASSETS	$109.5B
TOTAL ASSETS	$112.7B
Account Payables	$0
Short-Term Debt	$1.2B
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$7.2B
Long-Term Debt	$27.9B
Deferred Revenue NC	-$27.8B
Deferred Tax Liabilities	$27.8B
Other Non-Current Liabilities	$6.9B
TOTAL NON-CURRENT LIABILITIES	$62.7B
TOTAL LIABILITIES	$69.9B
Common Stock	$32M
Additional Paid-In Capital	$40.2B
Retained Earnings	$10.0B
Treasury Stock	-$7.5B
Accum. Other Comp. Income	-$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$42.7B
Minority Interest	$90M
TOTAL EQUITY	$42.8B
TOTAL LIABILITIES & EQUITY	$112.7B
Total Debt	$29.1B
Net Debt	$28.4B