Comcast 2010 Annual Report Download - page 52

Table of Contents
Contractual Obligations
The table below presents our future contractual obligations as of December 31, 2010. For information on NBCUniversal’
s
obligations, see the NBCUniversal section below.
Refer to Note 9 (long-term debt) and Note 18 (commitments and contingencies) to our consolidated financial statements.
Payment Due by Period
(in millions)
Total
Year 1
Years
2–
3
Years
4–
5
More
than 5
Debt obligations
$
31,377
$
1,785
$
3,263
$
3,532
$
22,797
Capital lease obligations
38
15
13
4
6
Operating lease obligations
2,006
324
486
367
829
Purchase obligations
19,653
4,124
4,291
3,000
8,238
Other long
-
term liabilities reflected on the balance sheet:
Acquisition
-
related obligations
28
20
5
2
1
Other long-term obligations
5,974
379
1,563
1,810
2,222
Total
$
59,076
$
6,647
$
9,621
$
8,715
$
34,093
(a)
Excludes interest payments.
(b)
Purchase obligations consist of agreements to purchase goods and services that are legally binding on us and specify all significant terms, including fixed or minimum
quantities to be purchased and price provisions. Our purchase obligations related to our Cable segment include contracts with programming networks, CPE
manufacturers, communication vendors, other cable operators for which we provide advertising sales representation and other contracts entered into in the normal course
of business. We also have purchase obligations through Comcast Spectacor for the players and coaches of our professional sports teams. Purchase obligations do not
include contracts with immaterial future commitments.
(c)
Acquisition-related obligations consist primarily of costs related to exiting contractual obligations and other assumed contractual obligations of the acquired entity.
(d)
Other long-
term obligations consist primarily of prepaid forward sale agreements of equity securities we hold; subsidiary preferred shares; deferred compensation
obligations; pension, postretirement and postemployment benefit obligations; and programming rights payable under license agreements. Reserves for uncertain tax
positions of approximately $1.3 billion are not included in the table above because we cannot make a reliable estimate of the period in which the unrecognized tax benefits
will be recognized.
Comcast 2010 Annual Report on Form 10-K
46
Our Board of Directors declared quarterly dividends totaling
$1.1 billion in 2010. We paid dividends of $1.1 billion in 2010.
In January 2011, our Board of Directors approved an
increase of 19% to our planned annual dividend to $0.45 per
share and approved the first quarterly dividend of $0.1125
per share to be paid in April 2011. We expect to continue to
pay quarterly dividends, although each dividend is subject to
approval by our Board of Directors.
The table below sets forth information on our share
repurchases and dividends paid in 2010, 2009 and 2008.
(a)
(b)
(c)
(d)