COMCAST CORP Quarterly Report for Q2 Ended Jun 30, 2012

Summary

Comcast Corporation (CMCSA) reported its second-quarter and year-to-date financial results for the period ending June 30, 2012. The company demonstrated solid revenue growth, driven by its Cable Communications segment and the NBCUniversal integration. Revenue for the quarter rose 6.1% to $15.2 billion, and for the six months, it increased by 13.7% to $30.1 billion. Net income attributable to Comcast Corporation showed significant year-over-year improvement, with a 31.9% increase for the quarter to $1.35 billion and a 30.8% increase for the six months to $2.57 billion. This performance reflects the successful integration of NBCUniversal and operational efficiencies across its business segments. The company also actively managed its capital structure through debt reduction and share repurchases, signaling a focus on shareholder returns and financial flexibility.

Key Highlights

• 1Consolidated revenue grew by 6.1% to $15.2 billion for the three months ended June 30, 2012, and by 13.7% to $30.1 billion for the six months ended June 30, 2012.
• 2Net income attributable to Comcast Corporation increased by 31.9% to $1.35 billion for the quarter and by 30.8% to $2.57 billion for the six months.
• 3Cable Communications segment revenue increased by 6.0% to $9.9 billion for the quarter, driven by growth in High-speed Internet and Business services.
• 4NBCUniversal segment revenue saw a slight decrease of 0.8% to $5.5 billion for the quarter but a substantial increase of 7.8% to $11.0 billion for the six months.
• 5The company repurchased approximately $1.5 billion of its Class A Special common stock during the six months ended June 30, 2012.
• 6Comcast paid $0.1625 per common share as a quarterly dividend in July 2012, reflecting a 44% increase on an annualized basis.
• 7The company maintains significant liquidity with $5.8 billion available under its new revolving credit facility as of June 30, 2012.

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