Summary
Comcast Corporation's Q1 2009 filing shows a 5.3% increase in consolidated revenue to $8.8 billion and a 16.5% increase in operating income to $1.8 billion, demonstrating resilience amidst economic headwinds. The core Cable segment, representing 95% of revenue, saw a 5.5% revenue increase, driven by growth in high-speed Internet and phone services, which more than offset a slight decline in video customers. The company also managed to reduce its operating expenses, contributing to improved profitability. Key financial metrics indicate strong operational execution. Net income attributable to Comcast Corporation rose by 5.5% to $772 million, with diluted EPS of $0.27, up from $0.24 in the prior year. Cash flow from operations improved by approximately 11.7% to $2.5 billion, providing ample liquidity. While capital expenditures decreased by 16.6% in the Cable segment, the company maintained its focus on strategic investments and returning capital to shareholders through dividends. Despite potential litigation risks and ongoing competition, Comcast appears financially sound and operationally robust.
Financial Highlights
25 data points| Revenue | $8.87B |
| SG&A Expenses | $1.83B |
| Operating Expenses | $7.05B |
| Operating Income | $1.81B |
| Interest Expense | $570.00M |
| Net Income | $772.00M |
| EPS (Basic) | $0.14 |
| EPS (Diluted) | $0.14 |
Key Highlights
- 1Consolidated revenue increased by 5.3% to $8.8 billion.
- 2Consolidated operating income increased by 16.5% to $1.8 billion.
- 3Net income attributable to Comcast Corporation grew by 5.5% to $772 million.
- 4Diluted EPS improved to $0.27 from $0.24 in the prior year.
- 5Cash flow from operating activities increased by 11.7% to $2.5 billion.
- 6Cable segment revenue grew by 5.5%, driven by high-speed Internet and phone services.
- 7Capital expenditures in the Cable segment decreased by 16.6%.