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COMCAST REPORTS FINANCIAL RESULTS SUMMARY

 PHILADELPHIA, Aug. 11 /PRNewswire/ -- Comcast Corporation (NASDAQ-NMS: CMCSA, CMCSK) today reported its financial results summary, as follows.
 Add one -- the accompanying text -- will follow later today.
 COMCAST CORPORATION
 Condensed Consolidated Statement of Operations
 (Unaudited; in thousands, except per-share data)
 Periods ended Three months Six months
 June 30 1993 1992 1993 1992
 Service income $340,083 $221,337 $665,308 $417,858
 Costs and expenses 180,478 122,653 359,373 233,470
 Operating cash flow 159,605 98,684 305,935 184,388
 Depreciation & amortization 88,499 52,127 176,172 95,847
 Interest expense, net 82,356 66,268 162,066 120,333
 Equity in net losses of
 affiliates 6,446 14,290 12,817 33,328
 Other (48) 249 743 873
 Total 177,253 132,934 351,798 250,381
 Loss before income taxes and
 cumulative effect of
 accounting changes (17,648) (34,250) (45,863) (65,993)
 Income taxes (benefit) (519) 6,049 (4,878) 10,976
 Loss before cumulative effect
 of accounting changes (17,129) (40,299) (40,985) (76,969)
 Cumulative effect of
 accounting changes --- --- (742,734) ---
 Net loss (17,129) (40,299) (783,719) (76,969)
 Loss per share:
 Loss before cumulative effect
 of accounting changes $(0.12) $(0.30) $(0.29) $(0.57)
 Cumulative effect of
 accounting changes --- --- (5.30) ---
 Net loss per share (0.12) (0.30) (5.59) (0.57)
 Average number of shares 143,827 134,971 140,296 133,889
 Dividends declared per share $.035 $.035 $.070 $.070
 Condensed Consolidated Balance Sheet
 (Unaudited; in thousands)
 June 30, 1993 Dec. 31, 1992
 Current assets $429,456 $428,561
 Investments, principally in affiliates 454,785 356,191
 Property and equipment, net 1,015,190 957,086
 Deferred charges, net 2,544,080 2,530,060
 Total assets $4,443,511 $4,271,898
 Current liabilities $383,089 $391,675
 Long-term debt, less current portion 3,883,402 3,973,514
 Deferred income taxes and other 1,013,624 88,350
 Stockholders' deficiency (836,604) (181,641)
 Total liabilities and
 stockholders' deficiency $4,443,511 $4,271,898
 /delval/
 -0- 8/11/93
 /CONTACT: John R. Alchin of Comcast, 215-981-7503/
 /FIRST AND FINAL ADD -- ACCOMPANYING TEXT -- TO FOLLOW/
 (CMCS)


CO: Comcast Corporation ST: Pennsylvania IN: TLS SU: ERN

LJ-MP -- PH003 -- 1610 08/11/93 10:57 EDT
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Publication:PR Newswire
Date:Aug 11, 1993
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