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Part II
Item 5: Market for the Registrant’s Common Equity, Related Stockholder Matters
and Issuer Purchases of Equity Securities
Our Class A common stock is listed on the Nasdaq Global Select Market under the symbol CMCSA and our Class A Special common
stock is listed on the Nasdaq Global Select Market under the symbol CMCSK. There is no established public trading market for our
Class B common stock. Our Class B common stock can be converted, on a share for share basis, into Class A or Class A Special
common stock.
We have not declared and paid any cash dividends on our Class A, Class A Special or Class B common stock in our last two fiscal
years. On February 13, 2008 our Board of Directors approved a quarterly dividend of $0.0625 per share, which will be payable in April
2008. This represents the first payment of a planned annual dividend of $0.25 per share.
Holders of our Class A common stock in the aggregate hold 66
2
⁄
3
% of the voting power of our capital stock. The number of votes that
each share of our Class A common stock has at any given time depends on the number of shares of Class A common stock and Class B
common stock then outstanding. Holders of shares of our Class A Special common stock cannot vote in the election of directors or
otherwise, except where class voting is required by law. In that case, shares of our Class A Special common stock have the same number
of votes per share as shares of Class A common stock. Our Class B common stock has a 33
1
⁄
3
% nondilutable voting interest, and each
share of Class B common stock has 15 votes per share. Mr. Brian L. Roberts beneficially owns all outstanding shares of our Class B
common stock. Generally, including as to the election of directors, holders of Class A common stock and Class B common stock vote as
one class except where class voting is required by law.
As of December 31, 2007, there were 865,115 record holders of our Class A common stock, 2,180 record holders of our Class A Special
common stock and three record holders of our Class B Common Stock.
On January 31, 2007, our Board of Directors approved a three-for-two stock split in the form of a 50% stock dividend (the “Stock Split”)
which was paid on February 21, 2007 to shareholders of record on February 14, 2007. The number of shares outstanding and related
amounts have been adjusted to reflect the Stock Split for all periods presented.
A summary of our repurchases during 2007 under our Board-authorized share repurchase program, on a trade-date basis, is as follows:
Period
Total Number
of Shares
Purchased
Average Price
per Share
Total Number
of Shares
Purchased as
Part of Publicly
Announced
Program
Total Dollars
Purchased Under
the Program
Maximum Dollar
Value of Shares that
May Yet Be
Purchased Under the
Program(a)
First Quarter 2007 19,383,747 $ 26.77 18,690,734 $ 500,483,363 $ 2,507,976,465
Second Quarter 2007 28,476,508 $ 26.93 27,923,848 $ 751,843,457 $ 1,756,133,008
Third Quarter 2007 22,935,663 $ 26.16 22,935,663 $ 599,999,993 $ 1,156,133,015
October 1–31, 2007 — $ — — $ — $ 8,156,133,015
November 1–30, 2007 30,000,000 $ 19.66 30,000,000 $ 589,809,000 $ 7,566,324,015
December 1–31, 2007 33,341,125 $ 19.80 33,338,457 $ 660,191,000 $ 6,906,133,015
Total Fourth Quarter 63,341,125 $ 19.74 63,338,457 $ 1,250,000,000 $ 6,906,133,015
Total 2007 134,137,043 $ 23.38 132,888,702 $ 3,102,326,813 $ 6,906,133,015
(a) In October 2007, the Board of Directors authorized a $7 billion addition to the existing share repurchase program. Under the authorization, we may repurchase shares in the
open market or in private transactions subject to market conditions. As of December 31, 2007, the maximum dollar value of shares available under our Board-authorized share
repurchase program was approximately $6.9 billion. We plan to fully utilize our remaining share repurchase authorization by the end of 2009, subject to market conditions.
The total number of shares purchased during 2007 includes 1,248,341 shares received in the administration of employee share-based
compensation plans.
17 Comcast 2007 Annual Report on Form 10-K