Comcast 2007 Annual Report Download - page 21

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Item 6: Selected Financial Data
Year ended December 31 (in millions, except per share data) 2007 2006 2005 2004 2003
Statement of Operations Data
Revenues $ 30,895 $ 24,966 $ 21,075 $ 19,221 $ 17,330
Operating income 5,578 4,619 3,521 2,829 1,938
Income (loss) from continuing operations 2,587 2,235 828 928 (222)
Discontinued operations(a)(b) —298 100 42 3,462
Net income 2,587 2,533 928 970 3,240
Basic earnings (loss) per common share
Income (loss) from continuing operations $0.84$ 0.71 $ 0.25 $ 0.28 $ (0.07)
Discontinued operations(a)(b) —0.09 0.03 0.01 1.02
Net income $ 0.84 $ 0.80 $ 0.28 $ 0.29 $ 0.95
Diluted earnings (loss) per common share
Income (loss) from continuing operations $0.83$ 0.70 $ 0.25 $ 0.28 $ (0.07)
Discontinued operations(a)(b) —0.09 0.03 0.01 1.02
Net income $ 0.83 $ 0.79 $ 0.28 $ 0.29 $ 0.95
Balance Sheet Data (at year end)
Total assets $ 113,417 $ 110,405 $ 103,400 $ 105,035 $ 109,348
Long-term debt 29,828 27,992 21,682 20,093 23,835
Stockholders’ equity 41,340 41,167 40,219 41,422 41,662
Statement of Cash Flows Data
Net cash provided by (used in):
Operating activities $ 8,792 $ 6,618 $ 4,835 $ 6,082 $ 2,686
Financing activities (316) 3,546 (933) (2,516) (7,048)
Investing activities (8,752) (9,872) (3,748) (4,512) 5,239
(a) In July 2006, in connection with the transactions with Adelphia and Time Warner, we transferred our previously owned cable systems located in Los Angeles, Cleveland and
Dallas to Time Warner Cable. These cable systems are presented as discontinued operations for the years ended on or before December 31, 2006 (see Item 8, Note 5 to our
consolidated financial statements).
(b) In September 2003, we sold our interest in QVC to Liberty Media Corporation. QVC is presented as a discontinued operation for the year ended December 31, 2003.
19 Comcast 2007 Annual Report on Form 10-K