Comcast Results Presentation Deck
Free Cash Flow and Capital Allocation
Capital Allocation Priorities
9
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Investing organically to drive long-term
profitable growth
Maintaining a strong balance sheet
Returning capital to shareholders
Balance Sheet Statistics
Consolidated Net
Leverage
Consolidated Net Debt
($B)
2.4x
$82.8
4Q21
2.4x
$86.7
4Q22
Consolidated Capital*
Consolidated capital: +16.6% to $4.6B in 4Q22; +14.2% to $13.8B in FY 2022
Increased capital investment in 2022 at NBCUniversal and Cable
Return of Capital
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2022: Total Return of Capital of $17.7B, a record high
$13.0B in share repurchases
$4.7B in dividends
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2023: Raised dividend by $0.08 to $1.16 per share on an annualized basis, +7.4% y/y
15th consecutive annual increase
Dividends per share (split-adjusted):
$0.125 $0.135
08
09
$0.189 $0.23
10
11
$0.33
*Capital reflects Capital expenditures plus Cash paid for capitalized software and other intangible assets as presented in our Trending Schedule.
See Notes on Slide 12
$0.55
$0.50
$0.45
$0.39
12 13
$0.63
14
15 16 17
Significant Free Cash Flow Generation: $12.6 Billion in FY 2022
$0.76
$0.84
$0.92
18 19 20
$1.00
21
$1.08
22
$1.16
23View entire presentation