Comcast 2011 Annual Report Download - page 4

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General Developments of Our Businesses
The following are the more significant developments in our businesses during 2011:
• the close of the NBCUniversal transaction on January 28, 2011; see “NBCUniversal Seg-
ments” below for additional information
• an increase in consolidated revenue of 47.2% to $55.8 billion and an increase in con-
solidated operating income of 34.3% to $10.7 billion; the NBCUniversal acquired
businesses contributed $14.5 billion to revenue and $1.4 billion to operating income
• an increase in Cable Communications segment revenue of 5.3% to $37.2 billion and an
increase in Cable Communications segment operating income before depreciation and
amortization of 6.9% to $15.3 billion
• the entry into an agreement by SpectrumCo to sell its advanced wireless services spectrum
licenses to Verizon Wireless, subject to regulatory approval, for $3.6 billion, of which our
portion of the proceeds is expected to be $2.3 billion, and the entry into agency agree-
ments with Verizon Wireless providing, among other things, for Verizon Wireless’ sale of our
cable services and our sale of Verizon Wireless’ products and services
• NBCUniversal’s entry into several significant sports broadcast rights agreements, including
with the National Football League (“NFL”), the International Olympic Committee, the National
Hockey League (“NHL”), Federation Internationale de Football Association (“FIFA”) and the
PGA TOUR
• NBCUniversal’s acquisition of the 50% equity interest that it did not already own in Universal
Orlando for $1 billion on July 1, 2011
Description of Our Businesses
Cable Communications Segment
The table below summarizes certain customer and penetration data for our cable operations.
December 31 (in millions) 2011 2010 2009 2008 2007
Homes and businesses passed(a) 52.5 51.9 51.2 50.6 48.5
Video
Video customers(b) 22.3 22.8 23.6 24.2 24.1
Video penetration(c) 42.5% 43.9% 46.0% 47.8% 49.6%
Digital video customers(d) 20.6 19.7 18.4 17.0 15.2
Digital video penetration(d) 92.0% 86.6% 78.2% 70.3% 63.1%
High-speed Internet
High-speed Internet customers 18.1 17.0 15.9 14.9 13.2
High-speed Internet penetration(c) 34.5% 32.7% 31.1% 29.5% 27.3%
Voice
Voice customers 9.3 8.6 7.6 6.5 4.6
Voice penetration(c) 17.8% 16.6% 14.9% 12.8% 9.5%
Basis of Presentation: Information related to cable system acquisitions is included from the date acquired. Information related to cable sys-
tems sold or exchanged is excluded for all periods presented. All percentages are calculated based on actual amounts. Minor differences
may exist due to rounding.
(a) Homes and businesses are considered passed if we can connect them to our distribution system without further extending the trans-
mission lines. Homes and businesses passed is an estimate based on the best available information.
Comcast 2011 Annual Report on Form 10-K 2