Annual Business Report for Comcast
BU213wk2Lesson2
The company that I chose to research was Comcast. I am very amazed with the growth and productivity of this company, nevertheless; I have worked with them in the past, so I am aware first hand of it productivity. Comcast- cable television 2011 Annual review- the past year was filled with major – milestones in the growth and evolution of our company. We completed the successful integration of NBCUniversal businesses: That having scale in both content and distribution will enable Comcast to capitalize on trends in technology and consumer behavior and drive growth for years to come.
What discontinued operations at Comcast: Comcast has discontinued the Soapnet promotional offer as of March.22, 2012 on most cable and satellite providers and replacing it with The Disney Junior Channel. What were some extraordinary gains and losses at Comcast? Comcast reports in the 3rd quarter of 2012 results consolidated revenue increased 15.4% operating cash flow increased 9.5% , and operating income increased 15.4% earnings per share increased 136.4% to $0.78; excluding gains on assets sales, EPS increased 39.4% to $0.46 Free cash flow increased 8.8% to $1.5 billion. For the ninth months ended September 30, 2012, consolidated pro forma revenue increased 9.4% to $46.6 billion compared to $42.6 billion in 2011. Excluding the Super Bowl in the First Quarter and The Olympics in the Third Quarter of 2012, consolidated pro forma revenue increased 6.0%. Consolidated pro forma operating cash flow increased 6.4 % to $14.7 billion compared to $13. 8 billion in the first nine months of 2011. Excluding The Olympics, consolidated operating cash flow increased 5.6%. What was the net income or net loss at Comcast? Comcast’s net income rose to $1.35 B this year of Aug.2012. The average profit estimate of 26 analysts in