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67 Comcast 2006 Annual Report Notes to Consolidated Financial Statements
Note 15: Quarterly Financial Information (Unaudited)
First Second Third Fourth Total
(in millions, except per share data) Quarter Quarter Quarter Quarter Year
2006
Revenues $ 5,595 $ 5,908 $ 6,432 $ 7,031 $ 24,966
Operating income 1,004 1,173 1,224 1,218 4,619
Income from continuing operations 438 399 969 429(a) 2,235
Income from discontinued operations 28 61 14 — 103
Gain on discontinued operations — — 234 (39)(a) 195
Net income $ 466 $ 460 $ 1,217 $ 390 $ 2,533
Basic earnings for common stockholders per common share(c)
Income from continuing operations $ 0.14 $ 0.13 $ 0.31 $ 0.14 $ 0.71
Income from discontinued operations 0.01 0.02 — — 0.03
Gain on discontinued operations — — 0.07 (.01) 0.06
Net income $ 0.15 $ 0.15 $ 0.38 $ 0.13 $ 0.80
Diluted earnings for common stockholders per common share(c)
Income from continuing operations $ 0.14 $ 0.13 $ 0.31 $ 0.14 $ 0.70
Income from discontinued operations 0.01 0.02 — — 0.03
Gain on discontinued operations — — 0.07 (0.01) 0.06
Net income $ 0.15 $ 0.15 $ 0.38 $ 0.13 $ 0.79
2005
Revenues $ 5,074 $ 5,301 $ 5,284 $ 5,416 $ 21,075
Operating income 829 1,002 841 849 3,521
Income from continuing operations 122 401 198 107 828
Income from discontinued operations 21 29 24 26 100
Net income $ 143 $ 430 $ 222 $ 133(b) $ 928
Basic earnings for common stockholders per common share(c)
Income from continuing operations $ 0.04 $ 0.12 $ 0.06 $ 0.03 $ 0.25
Income from discontinued operations — 0.01 0.01 0.01 0.03
Net income $ 0.04 $ 0.13 $ 0.07 $ 0.04 $ 0.28
Diluted earnings for common stockholders per common share(c)
Income from continuing operations $ 0.04 $ 0.12 $ 0.06 $ 0.03 $ 0.25
Income from discontinued operations — 0.01 0.01 0.01 0.03
Net income $ 0.04 $ 0.13 $ 0.07 $ 0.04 $ 0.28
(a) Includes adjustments reducing estimated gains recorded on transactions that closed in the third quarter of 2006.
(b) Includes refinement to our effective tax rate in the fourth quarter of 2005.
(c) Adjusted to reflect the Stock Split