Comcast Reports 4th Quarter Earnings, Including Parks

Yesterday morning, Comcast Corporation (the parent company of the Universal Orlando Resort) reported results for the quarter and year that ended December 31, 2015. Brian L. Roberts, Chairman and Chief Executive Officer of Comcast Corporation, said, "I am exceptionally proud of our results this year, which were driven by strong performances in each of our core businesses... NBCUniversal had a remarkable year, with record-breaking results at Theme Parks and Film."

Capital Expenditures

NBCUniversal's capital expenditures increased $220 million, or 65.2%, to $557 million in the fourth quarter of 2015, primarily reflecting increased spending at Theme Parks, including a land purchase adjacent to an existing theme park of $130 million and $12 million attributable to Universal Studios Japan.

Theme Parks

For the fourth quarter of 2015, revenue from the Theme Parks segment increased 38.6% to $1.0 billion compared to $735 million in the fourth quarter of 2014. Fourth quarter operating cash flow increased 36.6% to $452 million compared to $330 million in the same period last year. Excluding $169 million of revenue and $80 million of operating cash flow attributable to Universal Studios Japan from its acquisition date, revenue increased 15.5% and operating cash flow increased 12.3%.

For the year ended December 31, 2015, revenue from the Theme Parks segment increased 27.3% to $3.3 billion compared to $2.6 billion in 2014. Operating cash flow increased 33.5% to $1.5 billion compared to $1.1 billion in 2014. Revenue increased 20.8% and operating cash flow increased 26.2%.

Click here to read the full press release.