| (in millions, except number of employees) | 2006 | 2005 |
|---|---|---|
| Comcast Cable(a) | ||
| Revenues | $ 26,339 | $ 23,556 |
| Operating Cash Flow(b) | $ 10,511 | $ 9,132 |
| Total Revenue Generating Units(c) | 50.8 | 45.8 |
| Subscribers | ||
| Basic Cable | 24.2 | 24.1 |
| Digital Cable | 12.7 | 10.8 |
| High-Speed Internet | 11.5 | 9.6 |
| Phone | 2.5 | 1.3 |
| Consolidated Comcast Corporation | ||
| Revenues | $ 24,966 | $ 21,075 |
| Operating Cash Flow(b) | 9,442 | 8,072 |
| Depreciation and Amortization | 4,823 | 4,551 |
| Operating Income | 4,619 | 3,521 |
| Income from Continuing Operations | 2,235 | 828 |
| Discontinued Operations(e) | 298 | 100 |
| Net Income | $ 2,533 | $ 928 |
| Shares Outstanding(f) | 3,119 | 3,208 |
| Cash and Short-Term Investments | $ 2,974 | $ 1,095 |
| Total Assets | 110,405 | 103,400 |
| Total Debt | $ 28,975 | $ 23,371 |
| Number of Employees | 90,000 | 80,000 |
Minor differences may exist due to rounding.
Notes and definitions used in the Letter to Shareholders and Financial Highlights:
(a) All Comcast Cable results in the Letter to Shareholders and in these highlights are presented on a pro forma, as adjusted basis. See Reconciliation of Non-GAAP Measures.
(b) Operating Cash Flow is defined as operating income before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses on sale of assets, if any. See Reconciliation of Non-GAAP Measures.
(c) RGUs represent the sum of basic and digital cable, high-speed Internet and phone subscribers, excluding additional outlets. Subscriptions to DVR and/or HDTV services by existing Comcast Digital Cable customers do not result in additional RGUs.
(d) Free Cash Flow is defined as "Net Cash Provided by Operating Activities From Continuing Operations" (as stated in our Consolidated Statement of Cash Flows) reduced by capital expenditures and cash paid for intangible assets; and increased by any payments related to certain non-operating items, net of estimated tax benefits (such as income taxes on investment sales, and non-recurring payments related to income tax and litigation contingencies of acquired companies). Reconciliation of this item appears in Reconciliation of Non-GAAP Measures.
(e) In July 2006, in connection with the transactions with Adelphia and Time Warner, we transferred our previously owned cable systems located in Los Angeles, Cleveland and Dallas to Time Warner Cable. These cable systems are presented as discontinued operations for the years ended on or before December 31, 2006 (see Note 5 to our consolidated financial statements).
(f) Adjusted to reflect the Stock Split.
Additional information about Comcast is also contained in our Annual Report on Form 10-K and in our Proxy Statement. We invite you to refer to those documents.
This report may contain forward-looking statements. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could significantly affect actual results from those expressed in any such forward-looking statements. Readers are directed to Comcast's Annual Report on Form 10-K for a description of such risks and uncertainties.