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Note 16: Quarterly Financial Information (Unaudited)
(in millions, except per share data)
First
Quarter
Second
Quarter
Third
Quarter
Fourth
Quarter
Total
Year
2007
Revenues $ 7,388 $ 7,712 $ 7,781 $ 8,014 $ 30,895
Operating income 1,261 1,468 1,391 1,458 5,578
Net income $ 837 $ 588 $ 560 $ 602 $ 2,587
Basic earnings per common share $ 0.27 $ 0.19 $ 0.18 $ 0.20 $ 0.84
Diluted earnings per common share $ 0.26 $ 0.19 $ 0.18 $ 0.20 $ 0.83
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 per common share
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 (0.01) 0.06
Net income $ 0.15 $ 0.15 $ 0.38 $ 0.13 $ 0.80
Diluted earnings per common share
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
(a) Includes adjustments reducing estimated gains recorded on transactions that closed in the third quarter of 2006.
Comcast 2007 Annual Report on Form 10-K 68