Comcast 2013 Annual Report Download - page 94

Table of Contents
Comcast Corporation
Note 3: Earnings Per Share
Computation of Diluted EPS
Our potentially dilutive securities include potential common shares related to our stock options and our restricted share units
(“RSUs”). Diluted earnings per common share attributable to Comcast Corporation shareholders (“diluted EPS”)
considers the
impact of potentially dilutive securities using the treasury stock method. Diluted EPS excludes the impact of potential common
shares related to our stock options in periods in which the combination of the option exercise price and the associated
unrecognized compensation expense is greater than the average market price of our Class A common stock or our Class A Special
common stock, as applicable.
Diluted EPS for 2011 excluded 45 million of potential common shares related to our share-
based compensation plans, because the
inclusion of the potential common shares would have had an antidilutive effect. These amounts were not material for 2013 and
2012.
Note 4: Significant Transactions
2013
Redemption Transaction
On March 19, 2013, we acquired GE’s remaining 49% common equity interest in NBCUniversal, LLC (“NBCUniversal Holdings”)
for
approximately $16.7 billion (the “Redemption Transaction”).
In addition to this transaction, NBCUniversal purchased from GE
certain properties NBCUniversal occupies at 30 Rockefeller Plaza in New York City and CNBC’
s headquarters in Englewood Cliffs,
New Jersey for $1.4 billion.
The total consideration for these transactions consisted of $11.4 billion of cash on hand; $4 billion of senior debt securities issued
by NBCUniversal Enterprise, Inc. (“NBCUniversal Enterprise”),
a holding company that we control and consolidate following the
close of the Redemption Transaction whose principal assets are its interests in NBCUniversal Holdings; $750 million of cash funded
through our commercial paper program; $1.25 billion of borrowings under NBCUniversal Enterprise’
s credit facility, which replaced
NBCUniversal’
s credit facility; and $725 million aggregate liquidation preference of Series A cumulative preferred stock of
NBCUniversal Enterprise. See Note 9 for additional information on NBCUniversal Enterprise’
s senior debt securities and credit
facility and Note 21 for additional information on our cross-guarantee structure.
2013
2012
2011
Year ended December 31
(in millions, except per share data)
Net Income
Attributable
to Comcast
Corporation
Shares
Per Share
Amount
Net Income
Attributable
to Comcast
Corporation
Shares
Per Share
Amount
Net Income
Attributable
to Comcast
Corporation
Shares
Per Share
Amount
Basic EPS attributable to Comcast Corporation
shareholders
$
6,816
2,625
$
2.60
$
6,203
2,678
$
2.32
$
4,160
2,746
$
1.51
Effect of dilutive securities:
Assumed exercise or issuance of shares relating
to stock plans
40
39
32
Diluted EPS attributable to Comcast Corporation
shareholders
$
6,816
2,665
$
2.56
$
6,203
2,717
$
2.28
$
4,160
2,778
$
1.50
89
Comcast 2013 Annual Report on Form 10
-
K