Comcast Corporation reported results for the quarter ended June 30, 2017.
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Consolidated Revenue for the second quarter of 2017 increased 9.8% to $21.2 billion.
Consolidated Net Income Attributable to Comcast increased 23.9% to $2.5 billion.
Consolidated Adjusted EBITDA increased 10.0% to $7.1 billion.
For the six months ended June 30, 2017, consolidated revenue increased 9.4% to $41.6 billion compared to 2016. Consolidated net income attributable to Comcast increased 22.0% to $5.1 billion.
Consolidated Adjusted EBITDA increased 10.2% to $14.1 billion.
Earnings per Share (EPS) for the second quarter of 2017 was $0.52, a 26.8% increase compared to the second quarter of 2016.
For the six months ended June 30, 2017, EPS was $1.05, a 23.5% increase compared to the prior year. On an adjusted basis, EPS increased 26.5%.
Capital Expenditures increased 2.5% to $2.3 billion in the second quarter of 2017. Cable Communications' capital expenditures increased 4.0% to $2.0 billion in the second quarter of 2017, reflecting a higher level of investment in scalable infrastructure to increase network capacity and increased investment in line extensions, partially offset by a decrease in spending on customer premise equipment.
Cable capital expenditures represented 14.9% of Cable revenue in the second quarter of 2017 compared to 15.1% in last year's second quarter.
NBCUniversal's capital expenditures of $338 million decreased 6.1%, reflecting continued investment at Theme Parks more than offset by the timing of real estate and infrastructure spending.
For the six months ended June 30, 2017, capital expenditures increased 6.0% to $4.4 billion compared to 2016. Cable Communications' capital expenditures increased 8.1% to $3.7 billion and represented 14.4% of Cable revenue compared to 14.0% in 2016.
NBCUniversal's capital expenditures of $623 million decreased 4.8% for the first six months of 2017.
Net Cash Provided by Operating Activities was $5.2 billion in the second quarter of 2017. Free Cash Flow3 was $2.2 billion (see Table 4).
For the six months ended June 30, 2017, net cash provided by operating activities was $10.8 billion. Free cash flow was $5.3 billion.
Dividends and Share Repurchases. During the second quarter of 2017, Comcast paid dividends totaling $747 million and repurchased 35.2 million of its common shares for $1.4 billion.
In the first six months of 2017, Comcast has repurchased 55.6 million of its common shares for $2.1 billion.
As of June 30, 2017, Comcast had $9.9 billion available under its share repurchase authorization. ■