Comcast 2006 Annual Report Download - page 42

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Comcast 2006 Annual Report 40
Year Ended December 31 (in millions, except per share data) 2006 2005 2004
Revenues $ 24,966 $ 21,075 $ 19,221
Costs and Expenses
Operating (excluding depreciation) 9,010 7,513 7,036
Selling, general and administrative 6,514 5,490 5,005
Depreciation 3,828 3,413 3,197
Amortization 995 1,138 1,154
20,347 17,554 16,392
Operating income 4,619 3,521 2,829
Other Income (Expense)
Interest expense (2,064) (1,795) (1,874)
Investment income (loss), net 990 89 472
Equity in net (losses) income of affiliates, net (124) (42) (81)
Other income (expense) 173 (53) 397
(1,025) (1,801) (1,086)
Income from continuing operations before income taxes and minority interest 3,594 1,720 1,743
Income tax expense (1,347) (873) (801)
Income from continuing operations before minority interest 2,247 847 942
Minority interest (12) (19) (14)
Income from continuing operations 2,235 828 928
Income from discontinued operations, net of tax 103 100 42
Gain on discontinued operations, net of tax 195 — —
Net Income $ 2,533 $ 928 $ 970
Basic earnings for common stockholders per common share
Income from continuing operations $ 0.71 $ 0.25 $ 0.28
Income from discontinued operations 0.03 0.03 0.01
Gain on discontinued operations 0.06 — —
Net income $ 0.80 $ 0.28 $ 0.29
Diluted earnings for common stockholders per common share
Income from continuing operations $ 0.70 $ 0.25 $ 0.28
Income from discontinued operations 0.03 0.03 0.01
Gain on discontinued operations 0.06 — —
Net income $ 0.79 $ 0.28 $ 0.29
See notes to consolidated financial statements.
Consolidated Statement of Operations