Thursday, May 10, 2018

The 13 Largest US Cable and Other Pay TV Services and TV and Radio Broadcasting Systems Corps March 2018 Quarter Total Pretax Earnings Decline 3% From the March 2017 Quarter

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US Cable and Other Pay TV Services and TV and Radio Broadcasting Systems Corps with March 2018 quarter-ends and with stock market caps above $10 Bil on April 30, 2018 and which have released their March 2018 earnings by May 10, 2018.

US Cable and
 US GAAP   US GAAP   US GAAP   US GAAP 
…..Other Pay TV Services  US GAAP   US GAAP   Effective   Effective  Pretax Net
US TV and Radio
 US GAAP   Income   US GAAP   US GAAP   Income   US GAAP   Income   Income  Income Income
…..Broadcasting Systems Pretax Tax Net Pretax Tax Net Tax Tax % Change % Change
Market Caps Above $10 Bil Income Expense Income Income Expense Income Rate Rate March Qtr March Qtr
March 2018 Quarter Earnings March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr 2018 2018
…..Released By 5-10-18 2018 2018 2018 2017 2017 2017 2018 2017 vs 2017 vs 2017
mils $ mils $ mils $ mils $ mils $ mils $
Comcast Corp         3,994            818         3,176         3,917         1,262         2,655 20.5% 32.2% 2% 20%
Walt Disney         3,928            813         3,115         3,751         1,212         2,539 20.7% 32.3% 5% 23%
Time Warner         1,510           (132)         1,642         1,893            470         1,423 -8.7% 24.8% -20% 15%
Twenty-First Century Fox         1,331            370            961         1,252            370            882 27.8% 29.6% 6% 9%
CBS Corp            646            135            511            592            138            454 20.9% 23.3% 9% 13%
Dish Networks            501            116            385            597            207            390 23.2% 34.7% -16% -1%
Sirius XM Holdings            370              80            290            321            114            207 21.6% 35.5% 15% 40%
Liberty SiriusXM Group            363              81            282            297            108            189 22.3% 36.4% 22% 49%
Viacom            287              23            264            154              26            128 8.0% 16.9% 86% 106%
Charter Communications            251              28            223            236              25            211 11.2% 10.6% 6% 6%
Discovery Inc             (17)             (20)                3            276              55            221 117.6% 19.9% -106% -99%
Liberty Broadband             (20)               (5)             (15)             (23)               (8)             (15) 25.0% 34.8% 13% 0%
Liberty Global plc           (413)            766        (1,179)           (154)            102           (256) -185.5% -66.2% -168% -361%
Total all 13       12,731         3,073         9,658       13,109         4,081         9,028 24.1% 31.1% -3% 7%