Comcast Q4 consolidated revenue increased 8.5%
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Full-year 2015 results include attributable to Universal Studios Japan.
Fourth quarter and full-year 2015 results include $169 million of revenue and $80 million of operating cash flow attributable to Universal Studios Japan from its acquisition date November 13, 2015. Consolidated revenue for the fourth quarter of 2015 excluding Universal Studios Japan increased 7.6%.
Consolidated operating cash flow excluding Universal Studios Japan, as well as $22 million of costs associated with a change in the presentation of amounts payable for a contractual obligation4 in the fourth quarter of 2015 and $99 million of Time Warner Cable and Charter transaction-related costs in the fourth quarter of 2014, increased 4.0% (see Table 5).
For the year ended December 31, 2015, consolidated revenue increased 8.3% to $74.5 billion. Consolidated operating cash flow increased 7.7% to $24.7 billion. Consolidated operating income increased 7.3% to $16.0 billion.
Full-year 2015 results include $169 million of revenue and $80 million of operating cash flow attributable to Universal Studios Japan from its acquisition date.
Consolidated revenue for the full year 2015 excluding Universal Studios Japan, as well as $376 million of revenue generated by the broadcast of the NFL's Super Bowl in the first quarter of 2015 and $1.1 billion of revenue generated by the Sochi Olympics in the first quarter of 2014, increased 9.3%.
Consolidated operating cash flow excluding Universal Studios Japan, as well as $178 million of transaction-related costs in 2015 and $237 million in 2014, and $22 million of costs associated with a change in the presentation of amounts payable for a contractual obligation4 in the fourth quarter of 2015, increased 7.1% (see Table 5).
Earnings per Share (EPS) for the fourth quarter of 2015 was $0.79, a 6.8% increase from the $0.74 reported in the fourth quarter of 2014.
Excluding a $0.02 loss on an investment resulting from our proportionate share of an impairment loss recorded at The Weather Channel in the fourth quarter of 2015, as well as $0.03 of transaction-related costs in the fourth quarter of 2014, EPS increased 5.2% to $0.81.
EPS for the year ended December 31, 2015 was $3.24, a 1.3% increase from the $3.20 reported in the prior year. On an adjusted basis, EPS increased 10.9% to $3.25.
Capital Expenditures increased 18.6% to $2.6 billion in the fourth quarter of 2015 compared to the fourth quarter of 2014. Cable Communications' capital expenditures increased $190 million, or 10.2%, to $2.1 billion in the fourth quarter of 2015.
Cable capital expenditures represented 17.2% of Cable revenue in the fourth quarter of 2015 compared to 16.5% in last year's fourth quarter.
NBCUniversal's capital expenditures increased $220 million, or 65.2%, to $557 million in the fourth quarter of 2015, primarily reflecting increased spending at Theme Parks, including a land purchase adjacent to an existing theme park of $130 million and $12 million attributable to Universal Studios Japan.
For the year ended December 31, 2015, capital expenditures increased 14.5% to $8.5 billion compared to the prior year. Cable Communications' capital expenditures increased $880 million, or 14.3%, to $7 billion.
For the year, Cable capital expenditures represented 15.0% of Cable revenue compared to 13.9% in 2014. NBCUniversal's capital expenditures increased $165 million, or 13.5%, to $1.4 billion in 2015, primarily reflecting increased investments in Theme Parks.
Free Cash Flow decreased 6.3% to $1.6 billion in the fourth quarter of 2015 compared to $1.7 billion in the fourth quarter of 2014, reflecting growth in consolidated operating cash flow and lower cash taxes, offset by higher capital expenditures and increased working capital.
Free cash flow for the year ended December 31, 2015 increased 9.4% to $8.9 billion compared to $8.2 billion in 2014, reflecting growth in consolidated operating cash flow and improvement in working capital, partially offset by increased capital expenditures. ■