COMCAST CORP Earnings Per Share Disclosure
Note 6: Earnings Per Share |
Computation of Diluted EPS | ||||||||||||||||||||||||
2019 | 2018 | 2017 | ||||||||||||||||||||||
Year ended December 31 (in millions, except per share data) | Net Income Attributable to Comcast Corporation | Shares | Per Share Amount | Net Income Attributable to Comcast Corporation | Shares | Per Share Amount | Net Income Attributable to Comcast Corporation | Shares | Per Share Amount | |||||||||||||||
Basic EPS attributable to Comcast Corporation shareholders | $ | 13,057 | 4,548 | $ | 2.87 | $ | 11,731 | 4,584 | $ | 2.56 | $ | 22,735 | 4,708 | $ | 4.83 | |||||||||
Effect of dilutive securities: | ||||||||||||||||||||||||
Assumed exercise or issuance of shares relating to stock plans | 62 | 56 | 78 | |||||||||||||||||||||
Diluted EPS attributable to Comcast Corporation shareholders | $ | 13,057 | 4,610 | $ | 2.83 | $ | 11,731 | 4,640 | $ | 2.53 | $ | 22,735 | 4,786 | $ | 4.75 | |||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2019 | Jan 30, 2020 | Showing above |
| 2018 | Jan 31, 2019 | |
| 2017 | Jan 31, 2018 | |
| 2016 | Feb 3, 2017 | |
| 2015 | Feb 5, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.