Comcast Results Presentation Deck
Free Cash Flow &
Capital Allocation
8
$13.8
2022
Consolidated Capital ($B)* Balance Sheet Statistics
Consolidated Net
Leverage
$15.5
+12.9%
2023
Capital Allocation Framework
Invest organically for growth
Protect our strong balance sheet position, with targeted leverage of -2.4x
Return capital to shareholders
Consolidated Net
Debt ($B)
●
●
2.4x
$86.7
2022
2.3x
$87.6
2023
Return of Capital
Full Year 2023: Total Return of Capital of $15.8B
$11.0B in share repurchases
$4.8B in dividends
2024: Raised dividend by $0.08 to $1.24 per share on an
annualized basis, +6.9% y/y
16th consecutive annual increase
●
Dividends per share
(split adjusted):
$0.45
*Capital reflects Capital expenditures plus Cash paid for capitalized software and other intangible assets as presented in our Trending Schedule.
See Notes on Slide 11
14
$0.50
$0.55
15 16
Significant Free Cash Flow Generation: $13.0 Billion in FY 2023
$0.63
17
$0.76
18
$0.84
19
$0.92
20
$1.00
21
$1.08
22
$1.16
23
$1.24
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