Comcast will begin the process of pulling $4,873.8 billion in pre, post-tax profits from its cable companies by the end of the year, an accounting firm has said.
Comcast has about 4,400 cable TV stations and about 100 cable and satellite companies, including Dish Network Corp., Charter Communications Inc., DirecTV, Cox Communications Inc. and Time Warner Cable Inc.
In its quarterly filing with the Securities and Exchange Commission, Comcast said it had earned $5.3 billion in profits from cable operations for the third quarter of 2017, up from $4 billion the previous quarter.
That’s an increase of about 7 percent compared with the same period last year.
Comcast said in the filing that the company had added about 2,500 jobs in the last three quarters and is on track to bring those jobs back to about 3,000 in 2020.
Comcast’s financial results were released Thursday.
The company reported that net income increased by $3.9 billion, or 8 percent, to $2.1 billion in the third and fourth quarters of 2017.
Comcast is one of the nation’s largest cable operators.