Comcast 2014 Annual Report Download - page 90

Table of Contents
Comcast Corporation
Consolidated Statement of Income
See accompanying notes to consolidated financial statements.
Year ended December 31 (in millions, except per share data)
2014
2013
2012
Revenue
$
68,775
$
64,657
$
62,570
Costs and Expenses:
Programming and production
20,912
19,670
19,929
Other operating and administrative
19,862
18,584
17,833
Advertising, marketing and promotion
5,078
4,969
4,831
Depreciation
6,337
6,254
6,150
Amortization
1,682
1,617
1,648
53,871
51,094
50,391
Operating income
14,904
13,563
12,179
Other Income (Expense):
Interest expense
(2,617
)
(2,574
)
(2,521
)
Investment income (loss), net
296
576
219
Equity in net income (losses) of investees, net
97
(86
)
959
Other income (expense), net
(215
)
(364
)
773
(2,439
)
(2,448
)
(570
)
Income before income taxes
12,465
11,115
11,609
Income tax expense
(3,873
)
(3,980
)
(3,744
)
Net income
8,592
7,135
7,865
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred
stock
(212
)
(319
)
(1,662
)
Net income attributable to Comcast Corporation
$
8,380
$
6,816
$
6,203
Basic earnings per common share attributable to Comcast Corporation shareholders
$
3.24
$
2.60
$
2.32
Diluted earnings per common share attributable to Comcast Corporation shareholders
$
3.20
$
2.56
$
2.28
Dividends declared per common share
$
0.90
$
0.78
$
0.65
85
Comcast 2014 Annual Report on Form 10
-
K