Group Fact Sheet
Comcast * Cable, Internet, and phone provider. They also make revenues in other areas such as theme parks, film, advertising, and home security. * Residential and commercial customers in 40 different states. * In the past five years Comcast has acquired several holdings, other cable networks, and related businesses.
* Fortune 500 rank: 2009: 68 2010: 59 2011: 66 2012: 49 2013: 46 * Position in the telecommunications industry: 4 (www.money.cnn.com)
Time Warner Cable * Cable, Internet, and phone provider. They also make revenues in other areas such as advertising, film, and home security. * Operates in 28 different states. * In March of 2009 Time Warner Cable split off from Time Warner.
* Fortune 500 rank: 2009: New independent entity did not have high enough revenue to rank. 2010: 131 2011: 137 2012: 142 2013: 134 * Position in the telecommunications industry: 6
(www.money.cnn.com)
Revenues
* Comcast consistently increases revenues at a higher percentage than Time Warner cable. * Comcast has a huge percentage change from 2011 to 2012 due to the Olympic coverage that was on NBC a Comcast affiliate. * Time Warner Cable is increasing revenues but at a slower rate than Comcast.
Assets
Time Warner Cable
Comcast
* Time Warner Cable and Comcast’s change of assets are not significant, with the exception of Comcast from 2011 to 2012. This increase is due to the acquisition of NBC that began in 2011.
Debt and Equity Levels
Comcast
* Comcast has a big increase in liabilities from 2011 to 2012. This is likely due to the acquisition of NBC that started in 2011.
Time Warner Cable
* Time Warner Cable had extreme drop in equity from 2009 to 2010. This is due to a 1 for 3 reverse stock split in 2009.
Debt Coverage Ratio
* Time Warner Cable’s debt coverage ratio is on a negative trend. The amount of debt has increased