Comcast Corp. (CMCSA – Analyst Report) reported mixed financial results in the second quarter of 2015. Revenues surpassed the Zacks Consensus Estimate while earnings per share were in line with the same. Comcast currently carries a Zacks Rank #3 (Hold).
GAAP net income in the second quarter of 2015 came in at $2,137 million or 84 cents per share compared with $1,992 million or 76 cents in the prior-year quarter. Quarterly adjusted earnings per share of 84 cents were exactly in line with the Zacks Consensus Estimate.
Comcast Corporation – Earnings Surprise | FindTheBest
Meanwhile, total revenue stood at $18,743 million, up 11.3% year over year and also above the Zacks Consensus Estimate of $18,126 million.
Quarterly operating costs and expenses totaled $12,477 million, up 13% year over year. However, quarterly operating income came in at $4,105 million, representing annualized growth of 7.9%. Operating margin was 21.9% compared with 22.6% in the prior-year quarter. During the second quarter, Comcast repurchased 27.4 million worth of common shares for $1.6billion and paid dividends of $628 million.
In the second quarter of 2015, Comcast generated $6,266 million of cash from operations compared with $5,804 million in the year-ago quarter. Free cash flow stood at $1,501 million as against $1,155 million in the prior-year quarter.
Cash and marketable securities, at quarter end, were $3,630 million against $4,512 million at the end of 2014. Total debt at second-quarter end was $48,523 million as against $48,234 million at the end of 2014. The debt-to-capitalization ratio stood at 0.46, compared with 0.45 at the end of 2014.
Cable Communications Segment
Quarterly total revenue of $11,729 million reflected a 6.3% year-over-year rise. Operating cash flow was $4,798 million, up 5.1% year over year. Within this segment, video revenues were $5,431 million, up 3.7% from the prior-year quarter. High-Speed Internet revenues totaled $3,101 million, up 10% year over year. Voice revenues were $903 million, down 2.1% year over year. Advertising revenues totaled $582 million, down 0.9% from the year-ago quarter. Business Services revenues were $1,161 million, up 20.4% year over year. Other revenues were $551 million, up 10.9% from the prior-year quarter.
