Comcast 2007 Annual Report Download - page 42

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Consolidated Statement of Operations
Year ended December 31 (in millions, except per share data) 2007 2006 2005
Revenues $ 30,895 $ 24,966 $ 21,075
Costs and Expenses
Operating (excluding depreciation and amortization) 11,175 9,010 7,513
Selling, general and administrative 7,934 6,514 5,490
Depreciation 5,107 3,828 3,413
Amortization 1,101 995 1,138
25,317 20,347 17,554
Operating income 5,578 4,619 3,521
Other Income (Expense)
Interest expense (2,289) (2,064) (1,795)
Investment income (loss), net 601 990 89
Equity in net (losses) income of affiliates, net (63) (124) (42)
Other income (expense) 522 173 (53)
(1,229) (1,025) (1,801)
Income from continuing operations before income taxes and minority interest 4,349 3,594 1,720
Income tax expense (1,800) (1,347) (873)
Income from continuing operations before minority interest 2,549 2,247 847
Minority interest 38 (12) (19)
Income from continuing operations 2,587 2,235 828
Income from discontinued operations, net of tax —103 100
Gain on discontinued operations, net of tax —195 —
Net Income $ 2,587 $ 2,533 $ 928
Basic earnings per common share
Income from continuing operations $0.84 $ 0.71 $ 0.25
Income from discontinued operations —0.03 0.03
Gain on discontinued operations —0.06 —
Net income $0.84 $ 0.80 $ 0.28
Diluted earnings per common share
Income from continuing operations $0.83 $ 0.70 $ 0.25
Income from discontinued operations —0.03 0.03
Gain on discontinued operations —0.06 —
Net income $0.83 $ 0.79 $ 0.28
See notes to consolidated financial statements.
Comcast 2007 Annual Report on Form 10-K 40