Finance and Accounting Comcast Corporation: Business and Financial Environment (College) Comcast Corporation: Business and Financial Environment Introduction This paper will compare Comcast Corporation with DirecTV and Verizon Communications in terms of balance sheet, income statement, and cash flow statement with intent to identify the financial performance and to forecast the business environment of Comcast…
The company’s growth has considerably increased for the last few years. Secondly, DirecTV is a provider of American direct broadcast satellite service in California. The DirecTV’s satellite service was launched in 1994; it engages in the transmission of digital satellite television and audio mainly in the United States and Latin America. DirecTV had 19.2 million subscribers at the end of 2010. The third organization of choice, The Verizon Communications engages in broadband and telecommunications business globally; it is an element of the Dow Jones Industrial Average. Financial position of Comcast While conducting a thorough scrutiny on the financial statements of the Comcast during the past several years, it is clear that the company is rapidly moving towards economic expansion. In 1995, the book value of a company’s share was $8.19 and it reached $15 per share in 2009. It shows that the company could double its price per share during this period of 14 years. An increase in share price is the direct indication of increased market demand for the Comcast’s services. ...
It has been identified that Comcast’s net profit margin rose from 4.2% in 1999 to 8.4% in 2009 (Comcast). During this same time span, the firm’s operating margins and return on equity notably improved. Finally, the Comcast’s total selling/general/administrative expenses climbed from $5,075 billion in 2006 to $8,091 billion in 2010 (Comcast). Financial comparison As in the case of Comcast, DirecTV also shows a rampant increase in its total revenues during the last few years. The DirecTV’s total revenue indicates the figure $24,102 billion while it was $21,565 billion in 2009 (DirecTV). In contrast, Verizon’s total revenue faced a decline in 2010; it fell from $107,808 billion in 2009 to $106,565 billion in 2010. As a result, the Verizon also faced a decline in net profit by $2345 billion (Verizon). The Verizon’s financial statement reflects that its economical position is not satisfactory. The company’s net income gradually diminished and the Verizon even suffered a net a loss by $2,193 billion in 2008. The poor financial performance of the Verizon Communication in 2008 can be directly attributed to its increased total of selling/general/administrative expenses ($41,517 billion) (Verizon). On the other hand, it seems that the DirecTV reflects a better financial performance during the past several years except in 2009. The DirecTV’s net incomes were $1,420; $1,451; $1,521; $942; and $2,198 billions respectively in 2006, 2007, 2008, 2009, and 2010. Although, the DirecTV struggled with $942 billion net income in 2009, it could effectively resurrect in 2010 by increasing the net income by $1,256 billion (DirecTV). Evidently differences exist in the financial statement composition of these three ...
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