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49. Comcast
Comcast
Financials: Latest Results
Rank: 49 (Previous rank: 66)
CEO: Brian L. Roberts
Was this company a 2011 top stock?

The Philadelphia-based media giant closed its merger with NBC Universal in early 2011, picking up a 51% stake in the company (General Electric holds the other 49%). The deal, which was valued at $30 billion, made Comcast an even bigger force to be reckoned with than it was before (no small feat), giving the company a very strong foothold in both distribution and content segments of the entertainment industry. The deal's closing, along with the decreased pace of cable TV cord-cutting, helped boost Comcast's overall earnings for 2011.

Comcast didn't just call it a day with NBC-U, though. In December, the company joined forces with Time Warner Cable and Bright House Networks to sell off $3.6 billion worth of wireless spectrum to Verizon and enter a joint marketing agreement where each company would tout the other's services to their existing customers. The deal prompted several critics to warn that the agreement, if approved by the FCC, would severely damage competition in the industry.

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Key financials $ millions % change
from 2010
Revenues 55,842.0 47.2
Profits 4,160.0 14.4
Assets 157,818.0
Stockholders' equity 47,274.0
Market value (3/29/2012) 80,718.0
Profits as % of  
Revenues 7.4
Assets 2.6
Stockholders' equity 8.8
Earnings per share  
2011 $ 1.50
% change from 2010 16.3
2001-2011 annual growth rate % 13.6
Total return to investors %
2011 9.8
2001-2011 annual rate 0.5
Rank Company 500
rank
Revenues
($ millions)
1 AT&T 11 126,723.0
2 Verizon Communications 15 110,875.0
3 Comcast 49 55,842.0
4 Sprint Nextel 90 33,679.0
5 DirecTV 105 27,226.0
6 Time Warner Cable 142 19,675.0
7 CenturyLink 171 15,351.0
8 DISH Network 191 14,048.4
9 Liberty Global 261 10,246.5
10 Cablevision Systems 348 7,252.3
11 Charter Communications 351 7,204.0
12 NII Holdings 369 6,719.3
13 Frontier Communications 464 5,243.0
14 Telephone & Data Systems 469 5,180.5
15 MetroPCS Communications 490 4,847.4
Issue date: May 21, 2012
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Headquarters
MAPS
Comcast
1 Comcast Center
Philadelphia, PA 19103
215-286-1700
www.comcast.com
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Fortune 500+
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Rank # of Fortune 500 Companies
California 53
Texas 52
New York 50
Company Rank
Google 73
NetApp 474
NuStar Energy 377
Company 2011 $ (millions)
Exxon $41,060.0
Chevron $26,895.0
Apple $25,922.0
FAQ and methodology
Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More
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