Comcast Corporation: Technology and Communications Company Profile, SWOT & Financial Report

Document Sample
Comcast Corporation: Technology and Communications Company Profile, SWOT & Financial Report Powered By Docstoc
					Comcast Corporation

_________________________________________________________________________________



Comcast Corporation                                                          Financial Snapshot

                                                                             Operating Performance
Fast Facts
                                  One Comcast Center, Philadelphia, 19103-   The company reported revenue of US$55,842 million
Headquarters Address
                                  2838,United States of America              during the fiscal year 2011 (2011). The company's
                                                                             revenue grew at a CAGR of 15.80% during 2007–
Telephone                         + 12156651700
                                                                             2011, with an annual growth of 47.20% over 2010. In
                                                                             2011, the company recorded an operating margin of
Fax                               + 12159817790                              19.20%, as against 21.03% in 2010.

Website                           www.comcast.com
                                                                             Revenue and Margins
Ticker Symbol, Stock Exchange     CMCSA, NASDAQCMCSK, NASDAQ

Number of Employees               126,000

Fiscal Year End                   December

Revenue (in US$ million)          55,842




SWOT Analysis

Strengths                         Weaknesses                                 Return on Equity

Huge customer base                High indebtedness                          The company recorded a return on equity (ROE) of
                                                                             8.80% for 2011, as compared to its peers, Time
                                  Overdependence on cable                    Warner Cable Inc. (Ticker: TWC), Time Warner Inc.
Strong top-line performance                                                  (Ticker: TWX) and DISH Network Corporation (Ticker:
                                  communications segment
                                                                             DISH), which recorded ROEs of 22.11%, 9.63% and
Wide range of service offerings                                              0.00% respectively. The company reported an
                                                                             operating margin of 19.20% in 2011.
Opportunities                     Threats
                                                                             Return on Equity
New offerings                     Competitive pressures

Strategic agreements              Intellectual property risks




                                                                             Liquidity Position

                                                                             The company reported a current ratio of 0.65 in 2011,
                                                                             as compared to its peers, Time Warner Cable Inc.,
                                                                             Time Warner Inc. and DISH Network Corporation,
                                                                             which recorded current ratios of 1.19, 1.51 and 1.16
                                                                             respectively. As of December 2011, the company
                                                                             recorded cash and short-term investments of worth
                                                                             US$1,620 million, against US$1,367 million current
                                                                             debt. The company reported a debt to equity ratio of
                                                                             0.83 in 2011 as compared to its peers, Time Warner
                                                                             Cable Inc., Time Warner Inc. and DISH Network
                                                                             Corporation, which recorded debt to equity ratios of
                                                                             3.55, 0.65 and -17.83 respectively.




___________________________________________________________________________________________

Comcast Corporation - SWOT Profile                                                                                  Page 1
Comcast Corporation

_________________________________________________________________________________


TABLE OF CONTENTS

1     Business Analysis ................................................................................................................................... 5
    1.1       Company Overview ................................................................................................................................................5
    1.2       Business Description ..............................................................................................................................................5
    1.3       Major Products and Services .................................................................................................................................7
2     Analysis of Key Performance Indicators ............................................................................................... 8
    2.1       Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................8
    2.2       Key Financial Performance Indicators .................................................................................................................11
      2.2.1       Revenue and Operating Profit .........................................................................................................................11
      2.2.2       Asset and Liabilities .........................................................................................................................................12
      2.2.3       Net Debt vs. Gearing Ratio ..............................................................................................................................13
      2.2.4       Solvency ..........................................................................................................................................................14
      2.2.5       Valuation ..........................................................................................................................................................15
    2.3       Competitive Benchmarking ..................................................................................................................................16
      2.3.1       Market Capitalization .......................................................................................................................................16
      2.3.2       Efficiency ..........................................................................................................................................................17
      2.3.3       Valuation ..........................................................................................................................................................18
      2.3.4       Liquidity ............................................................................................................................................................19
3     SWOT Analysis ...................................................................................................................................... 20
    3.1       SWOT Analysis - Overview ..................................................................................................................................20
    3.2       Strengths ..............................................................................................................................................................20
    3.3       Weaknesses .........................................................................................................................................................20
    3.4       Opportunities ........................................................................................................................................................21
    3.5       Threats .................................................................................................................................................................21
4     History .................................................................................................................................................... 22
5     Key Employees ...................................................................................................................................... 23
6     Key Employee Biographies................................................................................................................... 24
7     Locations and Subsidiaries .................................................................................................................. 25
    7.1       Head Office ..........................................................................................................................................................25
    7.2       Other Locations and Subsidiaries ........................................................................................................................25
8     Appendix ................................................................................................................................................ 27
    8.1       Methodology .........................................................................................................................................................27
    8.2       Ratio Definitions ...................................................................................................................................................27
    8.3       Disclaimer.............................................................................................................................................................31




___________________________________________________________________________________________

Comcast Corporation - SWOT Profile                                                                                                                                           Page 2
Comcast Corporation

__________________________________________________________________________________________



List of Tables

Table 1: Major Products and Services ..................................................................................................................................7
Table 2: Key Ratios - Annual ..................................................................................................................................................8
Table 3: Key Ratios - Interim ................................................................................................................................................10
Table 4: Key Capital Market Indicators ................................................................................................................................10
Table 5: History.....................................................................................................................................................................22
Table 6: Key Employees .......................................................................................................................................................23
Table 7: Key Employee Biographies ....................................................................................................................................24
Table 8: Subsidiaries ............................................................................................................................................................25




___________________________________________________________________________________________

Comcast Corporation - SWOT Profile                                                                                                                                         Page 3
Comcast Corporation

__________________________________________________________________________________________


List of Figures

Figure 1: Revenue and Operating Profit ...............................................................................................................................11
Figure 2: Financial Position ..................................................................................................................................................12
Figure 3: Net Debt vs. Gearing Ratio ...................................................................................................................................13
Figure 4: Solvency ................................................................................................................................................................14
Figure 5: Valuation ...............................................................................................................................................................15
Figure 6: Market Capitalization .............................................................................................................................................16
Figure 7: Efficiency ...............................................................................................................................................................17
Figure 8: Valuation ...............................................................................................................................................................18
Figure 9: Liquidity .................................................................................................................................................................19




___________________________________________________________________________________________

Comcast Corporation - SWOT Profile                                                                                                                                         Page 4
Comcast Corporation

__________________________________________________________________________________________




1 Business Analysis

1.1   Company Overview

Comcast Corporation (Comcast) a leading provider of video, high-speed Internet and phone services in the US. The
company develops, produces and distributes entertainment, news, sports and other content to global audiences through
NBCUniversal Media, LLC (NBCUniversal). The various services offered by the company include video services, internet
services, Voice Over Internet Protocol (VOIP), regional sports networks and various other channels. The company serves
both residential and commercial customers. As of December 31, 2011, Comcast through its cable systems served over 22
million video customers, 18 million high-speed Internet customers and 9 million voice customers in the US. Comcast is
headquartered in Philadelphia (Pennsylvania), the US.

1.2   Business Description

Comcast Corporation (Comcast) is a leading provider of cable, entertainment and communication products and services
in the US. Its services are catered to both residential and commercial customers.
The company operates its business through five reportable segments: Cable Communications, Cable Networks,
Broadcast Television, Filmed Entertainment and Theme Parks.
Under Cable Communications segment, the company offers varied services including video, high-speed Internet and
phone services. The company provides these services to both residential and business customers. The video services
offered by the company range from limited analog service to a full digital service, and advanced services, which
comprises high-definition television (HDTV) and digital video recorder (DVR). The company’s high-speed internet services
provide Internet access at downstream speeds of up to 105 Mbps. These services also include its Internet portal and
Comcast.net providing multiple e-mail addresses and online storage, along with a variety of content and value-added
features and enhancements. The company also provides high-speed Internet service for business customers including
website hosting service and an online tool to share, coordinate and store documents. In addition, Comcast offers phone
services, which include interconnected Voice over Internet Protocol (VoIP) phone service and domestic long-distance
calling with supporting features such as voice mail, caller ID and call waiting. As of December 31, 2011, the Cable
systems served over 22 million video customers, 18 million high-speed Internet customers and 9 million voice customers
and passed over 52 million homes and businesses in 39 states and the District of Columbia. During FY2011, the Cable
Communications segment contributed 64.87% towards the company’s total revenue.
The company through its Cable Networks 
				
DOCUMENT INFO
Description: Synopsis ICD Research's "Comcast Corporation: Technology and Communications - Company Profile & SWOT Report" contains in depth information and data about the company and its operations. The profile contains a company overview, key facts,major products and services, swot analysis, business description, and company history. Summary This report is a crucial resource for industry executives and anyone looking to access key information about "Comcast Corporation" The report utilizes a wide range of primary and secondary sources, which are analyzed and presented in a consistent and easily accessible format. ICD Research strictly follows a standardized research methodology to ensure high levels of data quality and these characteristics guarantee a unique report. Scope • Examines and identifies key information and issues about "Comcast Corporation" for business intelligence requirements. • Studies and presents the company's strengths, weaknesses, opportunities (growth potential) and threats (competition). Strategic and operational business information is objectively reported. • Provides data on company financial performance and competitive benchmarking. • The profile also contains information on business operations, company history, major products and services, key employees, locations and subsidiaries. Reasons To Buy • Quickly enhance your understanding of "Comcast Corporation" • Gain insight into the marketplace and a better understanding of internal and external factors which could impact the industry. • Increase business/sales activities by understanding your competitors’ businesses better. • Recognize potential partnerships and suppliers. Key Highlights Comcast Corporation (Comcast) a leading provider of video, high-speed Internet and phone services in the US. The company develops, produces and distributes entertainment, news, sports and other content to global audiences through NBCUniversal Media, LLC (NBCUniversal). The various services offe
BUY THIS DOCUMENT NOW PRICE: $125 100% MONEY BACK GUARANTEED
PARTNER ICD Research
With emphasis on Insight, Consultancy and Delivery, iCD Research is a full-service, online market research agency. iCD Research is able to take advantage of all of the efficiencies and benefits that the Internet brings to offer proven research methodologies with fast turnaround and accurate results. iCD Research specialises in qualitative research for large finance, media, retail and entertainment clients. Market leaders in online focus groups, iCD Research has unleashed the full scale of the Internet to run focus groups across the globe for its major institutional clients. Utilising its sister organisation, The iD Factor, iCD Research also delivers strong quantitative research, ranging from ongoing consumer confidence studies through to consumer surveys throughout Europe and Asia. With its roots firmly in research, iCD Research doesn’t limit itself to only utilising online methods as the philosophy at the company is to match the methodology to the respondent. Yet the scale and speed of online research give iCD Research a cutting edge that has lead to tremendous, triple-figure percentage growth over the past two years. iCD Research is headquartered in London, with operational offices in the US and Australia to ensure that it is offering an unparalleled 24 hour service to its clients.