Comcast's Q3: Cash, Cable And Creativity

11/2/17

Comcast (NASDAQ:CMCSA) is a major force in multi-channel video program distribution. As such, it is a good stock to own because of its cash-generating capabilities. Let's start with that.

Over the past nine months, cash from operating activities came in at almost $16 billion, according to the press release; in the comparable period last year, the number was just under $14 billion. Free cash flow in the nine-month period was $7.6 billion versus $5.6 billion. For the third quarter, operating cash flow was $5.1 billion versus $4.2 billion (2017 against 2016, respectively); free cash was $2.3 billion versus $1.4 billion. The dividend paid out over the nine months was $2.1 billion, and the stock buyback was $4.2 billion. Cash on the balance sheet jumped from $2.8 billion to $4.1 billion.

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