Cable Products & Services |
Cable Revenue3  |
Cable Operating Cash Flow1, 3  |
Video
Largest cable provider in the U.S. with 24 million video customers in 39 states and D.C.
High-Speed Internet
Largest residential broadband Internet service provider in North America with
15 million customers
Phone
Third largest residential U.S. phone provider with 6.5 million residential phone customers
Business
Services
We provide video, high-speed Internet and phone services to small and medium-sized businesses in our markets
1 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. Please refer to our Quarterly Earnings Releases, on Form 8-K, for a reconciliation of consolidated operating cash flow.
2 Free Cash Flow, which is a non-GAAP financial measure, is defined as "Net Cash Provided by Operating Activities" (as stated in our Consolidated Statement of Cash Flows) reduced by capital expenditures and cash paid for intangible assets and adjusted for 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). The definition of Free Cash Flow specifically excludes any impact from the 2008 or 2009 Economic Stimulus packages. Please refer to our Quarterly Earnings Releases, on Form 8-K, for a reconciliation and further details. Free Cash Flow per Share is calculated by taking Free Cash Flow (as described above) divided by diluted weighted-average number of common shares outstanding used in the calculation of earnings per share.
3 Revenue, operating cash flow and customer information are prepared on a pro forma basis. Pro forma results adjust for certain cable segment acquisitions and dispositions, including the acquisition of Susquehanna Communications (April 2006), the cable systems acquired and sold in the Adelphia/Time Warner transactions (July 2006), the cable systems resulting from the dissolution of the Texas / Kansas City Cable Partnership (January 2007), Comcast SportsNet Bay Area / Comcast SportsNet New England (June 2007), the cable system acquired from Patriot Media (August 2007), and the dissolution of the Insight Midwest Partnership (January 2008). Pro forma customer data also includes 7,000 video customers acquired through an acquisition in November 2008. The impact of these acquisitions on our segment operating results was not material. Please refer to our 2008 earnings releases for a reconciliation of 2007 pro forma financial data.
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