Comcast 2011 Annual Report Download - page 68

Our Board of Directors declared quarterly dividends totaling $1.2 billion in 2011. We paid dividends of $1.2
billion in 2011. In February 2012, our Board of Directors approved an increase of 44% to $0.65 per share on
an annualized basis and approved the first quarterly dividend of $0.1625 per share to be paid in April 2012.
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 2011, 2010 and 2009.
Share Repurchases and Dividends Paid
(in billions)
Dividends Paid
Share Repurchases
20112009
$1.1
$2.3
$1.2
$1.2
$3.3
$2.1
2010
$0.8
$1.5
$0.8
Contractual Obligations
The table below presents our future contractual obligations as of December 31, 2011 by period in which the
payments are due.
Payment Due by Period
(in millions) Total Year 1 Years 2-3 Years 4-5 More than 5
Debt obligations(a) $ 39,277 $ 1,352 $ 4,396 $ 6,606 $ 26,923
Capital lease obligations 32 15 7 5 5
Operating lease obligations 3,447 548 836 653 1,410
Purchase obligations(b) 39,690 7,391 7,319 6,179 18,801
Other long-term liabilities reflected on the balance
sheet(c) 8,752 403 3,427 961 3,961
Total(d) $ 91,198 $ 9,709 $15,985 $14,404 $ 51,100
Refer to Note 9 (long-term debt) and Note 19 (commitments and contingencies) to our consolidated financial statements.
(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
Communications segment include programming contracts with cable networks and contracts with CPE manufacturers, communication
vendors and other multichannel video providers for which we provide advertising sales representation and other contracts entered into in
the normal course of business. Cable Communications programming contracts in the table above include amounts payable under fixed or
minimum guaranteed commitments and do not represent the total fees that are expected to be paid under programming contracts, which
we expect to be higher because these contracts are generally based on the number of subscribers receiving the programming. Our pur-
chase obligations related to our NBCUniversal segments consist primarily of the commitments to acquire film and television
programming, including U.S. television rights to future Olympic Games through 2020, NBC’s Sunday Night Football through the 2022-23
season, including the Super Bowls in 2012, 2015, 2018 and 2021, NHL games through the 2020-21 season, Spanish-language U.S.
television rights to FIFA World Cup games through 2022, and certain PGA TOUR golf events through 2021; and obligations under various
creative talent and employment agreements, including obligations to actors, producers, television personalities and executives, and vari-
ous other television commitments. Purchase obligations do not include contracts with immaterial future commitments.
(c) 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; the contingent consideration obliga-
tion related to the NBCUniversal transaction; and certain contractual obligations acquired in connection with the NBCUniversal and
Universal Orlando transactions. These contractual obligations involve perpetual financial interests held by third parties in certain NBCUni-
Comcast 2011 Annual Report on Form 10-K 66