Comcast Corporation reported results for the quarter ended March 31, 2015. Consolidated revenue increased 2.6% to $17.9 billion.
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Excluding $376 million of revenue generated by the NFL's Super Bowl in the first quarter of 2015 as well as $1.1 billion of revenue generated by the Sochi Olympics in the first quarter of 2014, consolidated revenue increased 7.2%.
Consolidated Operating Cash Flow increased 7.6% to $6.0 billion. Excluding $99 million of Time Warner Cable and Charter transaction-related costs in the first quarter of 2015 and $17 million in the first quarter of 2014, consolidated operating cash flow increased 9%. Consolidated Operating Income increased 9.0% to $3.9 billion.
Earnings per share (EPS) for the first quarter of 2015 was $0.81, a 14.1% increase from the $0.71 reported in the first quarter of 2014. Excluding gains on the sale of a business and transaction-related costs in the first quarter of 2015, as well as gains on the sale of an investment and a favorable resolution of a prior acquisition contingency in the first quarter of 2014, EPS increased 16.2% to $0.79 (See Table 4).
Capital Expenditures increased 19.2% to $1.7 billion in the first quarter of 2015 compared to the first quarter of 2014. Cable Communications' capital expenditures increased 26.2% to $1.4 billion in the first quarter of 2015, primarily reflecting increased spending on customer premise equipment related to the deployment of the X1 platform and increased investment in support capital as we expand our cloud based initiatives, as well as our ongoing investment in network infrastructure to increase network capacity.
Cable capital expenditures represented 12.6% of Cable revenue in the first quarter of 2015 compared to 10.6% in last year's first quarter. NBCUniversal's capital expenditures decreased 8.0% to $268 million in the first quarter of 2015, primarily reflecting decreased investments in facilities, partially offset by increased spending at our Theme Parks.
Free Cash Flow increased 12.7% to $3.2 billion in the first quarter of 2015 compared to $2.8 billion in the first quarter of 2014, reflecting growth in consolidated operating cash flow and improvements in working capital, partially offset by higher capital expenditures. ■