Comcast strengthens cash flow margins.
Multichannel News, August, 1990
Comcast Strengthens Cash Flow Margins NEW YORK - Comcast Corp.'s cash flow margins climbed sharply during the second quarter, as systems acquired during 1989 pushed cash flow up 28 percent. For the three months ended June 30, Comcast posted $69.3 million in cash flow versus $54 million during the same period last year.
Revenue jumped 21 percent to $163.7 million from $135 million. The company's real strength, however, is in its cash flow margin, which increased to 42.3 percent of revenue versus 40 percent last year. CFO Julian Brodsky said that the company has started to see cash from its heavy investment in its Philadelphia newbuild and expansion of its northeastern cellular operation, which weren't in full operation last year. Brodsky put...
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