10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2013 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 12, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Revenue | $ 64,657 | 62,570 | 55,842 |
| Costs and Expenses: | |||
| Programming and production | 19,670 | 19,929 | 16,596 |
| Other operating and administrative | 18,584 | 17,833 | 16,646 |
| Advertising, marketing and promotion | 4,969 | 4,831 | 4,243 |
| Depreciation | 6,254 | 6,150 | 6,040 |
| Amortization | 1,617 | 1,648 | 1,596 |
| Total costs and expenses | 51,094 | 50,391 | 45,121 |
| Operating income | 13,563 | 12,179 | 10,721 |
| Other Income (Expense): | |||
| Interest expense | (2,574) | (2,521) | (2,505) |
| Investment income (loss), net | 576 | 219 | 159 |
| Equity in net income (losses) of investees, net | (86) | 959 | (35) |
| Other income (expense), net | (364) | 773 | (133) |
| Nonoperating income (expense) | (2,448) | (570) | (2,514) |
| Income before income taxes | 11,115 | 11,609 | 8,207 |
| Income tax expense | (3,980) | (3,744) | (3,050) |
| Net income | 7,135 | 7,865 | 5,157 |
| Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock | (319) | (1,662) | (997) |
| Net income attributable to Parent | 6,816 | 6,203 | 4,160 |
| Basic earnings per common share attributable to Comcast Corporation shareholders | 2.60 | 2.32 | 1.51 |
| Diluted earnings per common share attributable to Comcast Corporation shareholders | 2.56 | 2.28 | 1.50 |
| Dividends declared per common share | 0.78 | 0.65 | 0.45 |
| Legal Entity | |||
| NBCUniversal Media, LLC | |||
| Revenue | 23,650 | 23,812 | 19,028 |
| Programming and production | 11,770 | 12,710 | 9,708 |
| Other operating and administrative | 4,949 | 4,763 | 4,075 |
| Advertising, marketing and promotion | 2,199 | 2,232 | 1,849 |
| Depreciation | 639 | 562 | 401 |
| Amortization | 772 | 764 | 712 |
| Total costs and expenses | 20,329 | 21,031 | 16,745 |
| Operating income | 3,321 | 2,781 | 2,283 |
| Interest expense | (515) | (480) | (389) |
| Investment income (loss), net | 17 | 27 | 19 |
| Equity in net income (losses) of investees, net | (93) | 183 | 262 |
| Other income (expense), net | (402) | 917 | (129) |
| Nonoperating income (expense) | (993) | 647 | (237) |
| Income before income taxes | 2,328 | 3,428 | 2,046 |
| Income tax expense | (206) | (197) | (185) |
| Net income | 2,122 | 3,231 | 1,861 |
| Net (income) loss attributable to noncontrolling interests | (154) | (176) | (178) |
| Net income attributable to Parent | 1,968 | 3,055 | 1,683 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2013 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 12, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Net income | $ 7,135 | 7,865 | 5,157 |
| Unrealized gains (losses) on marketable securities, net of deferred taxes | 185 | 161 | 4 |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | 25 | 58 | (25) |
| Amounts Reclassified To Net Income: | |||
| Realized (gains) losses on marketable securities, net of deferred taxes | (301) | (8) | |
| Realized (gains) losses on cash flow hedges, net of deferred taxes | (3) | (15) | 20 |
| Employee benefit obligations, net of deferred taxes | 181 | (31) | (70) |
| Currency translation adjustments, net of deferred taxes | (29) | (12) | |
| Comprehensive income | 7,193 | 8,038 | 5,066 |
| Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock | (319) | (1,662) | (997) |
| Other comprehensive (income) loss attributable to noncontrolling interests | 9 | (6) | 38 |
| Comprehensive income attributable to Parent | 6,883 | 6,370 | 4,107 |
| Legal Entity | |||
| NBCUniversal Media, LLC | |||
| Net income | 2,122 | 3,231 | 1,861 |
| Employee benefit obligations, net of deferred taxes | 95 | 14 | (64) |
| Currency translation adjustments, net of deferred taxes | (41) | (1) | (14) |
| Other, net | (5) | 0 | 0 |
| Comprehensive income | 2,171 | 3,244 | 1,783 |
| Net (income) loss attributable to noncontrolling interests | (154) | (176) | (178) |
| Comprehensive income attributable to Parent | 2,017 | 3,068 | 1,605 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2013 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 12, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Operating Activities | |||
| Net income | $ 7,135 | 7,865 | 5,157 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 7,871 | 7,798 | 7,636 |
| Amortization of film and television costs | 8,249 | 9,454 | 6,787 |
| Share-based compensation | 419 | 371 | 344 |
| Noncash interest expense (income), net | 167 | 193 | 146 |
| Equity in net (income) losses of investees, net | 86 | (959) | 35 |
| Cash received from investees | 120 | 195 | 311 |
| Net (gain) loss on investment activity and other | (169) | (1,062) | 23 |
| Deferred income taxes | 16 | 139 | 1,058 |
| Change in current and noncurrent receivables, net | (721) | (823) | (427) |
| Change in film and television costs | (8,205) | (9,432) | (7,080) |
| Change in accounts payable and accrued expenses related to trade creditors | (667) | 366 | (20) |
| Change in other operating assets and liabilities | (141) | 749 | 375 |
| Net cash provided by (used in) operating activities | 14,160 | 14,854 | 14,345 |
| Investing Activities | |||
| Capital expenditures | (6,596) | (5,714) | (5,307) |
| Cash paid for intangible assets | (1,009) | (923) | (954) |
| Acquisitions of real estate properties | (1,904) | ||
| Acquisitions, net of cash acquired | (99) | (90) | (6,407) |
| Proceeds from sales of businesses and investments | 1,083 | 3,102 | 277 |
| Return of capital from investees | 149 | 2,362 | 37 |
| Purchases of investments | (1,223) | (297) | (135) |
| Other | 85 | 74 | (19) |
| Net cash provided by (used in) investing activities | (9,514) | (1,486) | (12,508) |
| Financing Activities | |||
| Proceeds from (repayments of) short-term borrowings, net | 1,345 | (544) | 544 |
| Proceeds from borrowings | 2,933 | 4,544 | |
| Repurchases and repayments of debt | (2,444) | (2,881) | (3,216) |
| Repurchases and retirements of common stock | (2,000) | (3,000) | (2,141) |
| Dividends paid | (1,964) | (1,608) | (1,187) |
| Issuances of common stock | 40 | 233 | 283 |
| Purchase of NBCUniversal noncontrolling common equity interest | (10,761) | ||
| Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock | (215) | (691) | (325) |
| Settlement of Station Venture liability | (602) | ||
| Other | (211) | (90) | (159) |
| Net cash provided by (used in) financing activities | (13,879) | (4,037) | (6,201) |
| Increase (decrease) in cash and cash equivalents | (9,233) | 9,331 | (4,364) |
| Cash and cash equivalents, beginning of year | 10,951 | 1,620 | |
| Cash and cash equivalents, end of year | 1,718 | 10,951 | 1,620 |
| Legal Entity | |||
| NBCUniversal Media, LLC | |||
| Statement Scenario | |||
| Predecessor | |||
| Net income | 2,122 | 3,231 | 1,861 |
| Depreciation and amortization | 1,411 | 1,326 | 1,113 |
| Equity in net (income) losses of investees, net | 93 | (183) | (262) |
| Capital expenditures | (1,160) | (763) | (432) |
| Distributions to member | (1,400) | (964) | (244) |
| Redemption Transaction distribution | (3,200) | ||
| Settlement of Station Venture liability | (602) | ||
| Cash and cash equivalents, beginning of year | 967 | 5,921 | |
| Cash and cash equivalents, end of year | 967 | 5,921 | |
| Successor | |||
| Net income | 2,122 | 3,231 | 1,861 |
| Depreciation and amortization | 1,411 | 1,326 | 1,113 |
| Amortization of film and television costs | 8,185 | 9,399 | 6,766 |
| Share-based compensation | 7 | 7 | 17 |
| Equity in net (income) losses of investees, net | 93 | (183) | (262) |
| Cash received from investees | 90 | 189 | 301 |
| Net (gain) loss on investment activity and other | 345 | (1,093) | 30 |
| Deferred income taxes | (10) | 15 | 27 |
| Change in current and noncurrent receivables, net | (752) | (643) | (357) |
| Change in film and television costs | (8,183) | (9,299) | (7,018) |
| Change in accounts payable and accrued expenses related to trade creditors | (789) | 51 | 95 |
| Change in other operating assets and liabilities | 505 | 333 | 296 |
| Net cash provided by (used in) operating activities | 3,024 | 3,333 | 2,869 |
| Capital expenditures | (1,160) | (763) | (432) |
| Cash paid for intangible assets | (113) | (113) | (249) |
| Acquisitions of real estate properties | (1,705) | ||
| Acquisitions, net of cash acquired | (111) | (90) | (746) |
| Proceeds from sales of businesses and investments | 2 | 3,026 | 117 |
| Return of capital from investees | 131 | 75 | |
| Purchases of investments | (236) | (117) | (14) |
| Other | (20) | (9) | (8) |
| Net cash provided by (used in) investing activities | (3,212) | 2,009 | (1,332) |
| Proceeds from (repayments of) short-term borrowings, net | 0 | (550) | 550 |
| Proceeds from borrowings | 0 | 1,995 | 0 |
| Repurchases and repayments of debt | (92) | (413) | (1,044) |
| Proceeds from borrowings from Comcast | 799 | 250 | |
| Repayments of borrowings from Comcast | 0 | 0 | (250) |
| Decrease in short-term loans to GE, net | 0 | 0 | 0 |
| Repurchase of preferred stock interest | 0 | 0 | 0 |
| Distributions to member | (1,422) | (964) | (244) |
| Dividends paid | 0 | 0 | (315) |
| Redemption Transaction distribution | (3,200) | ||
| Distributions to noncontrolling interests | (183) | (216) | (187) |
| Settlement of Station Venture liability | (602) | ||
| Other | (66) | (81) | 3 |
| Net cash provided by (used in) financing activities | (4,766) | (229) | (1,237) |
| Increase (decrease) in cash and cash equivalents | (4,954) | 5,113 | 300 |
| Cash and cash equivalents, beginning of year | 967 | 808 | 808 |
| Cash and cash equivalents, end of year | 967 | 808 | 808 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COMCAST CORP | ||
Ticker: CCZ Fiscal Year: 2013 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 12, 2014) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2013 | Dec 31, 2012 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 1,718 | 10,951 |
| Investments [Current] | 3,573 | 1,464 |
| Receivables, net | 6,376 | 5,521 |
| Programming rights | 928 | 909 |
| Other current assets | 1,480 | 1,146 |
| Total current assets | 14,075 | 19,991 |
| Film and television costs | 4,994 | 5,054 |
| Investments | 3,770 | 6,325 |
| Property and equipment, net | 29,840 | 27,232 |
| Franchise rights | 59,364 | 59,364 |
| Goodwill | 27,098 | 26,985 |
| Other intangible assets, net | 17,329 | 17,840 |
| Other noncurrent assets, net | 2,343 | 2,180 |
| Total assets | 158,813 | 164,971 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses related to trade creditors | 5,528 | 6,206 |
| Accrued participations and residuals | 1,239 | 1,350 |
| Deferred revenue | 898 | 851 |
| Accrued expenses and other current liabilities | 7,967 | 5,931 |
| Current portion of long-term debt | 3,280 | 2,376 |
| Total current liabilities | 18,912 | 16,714 |
| Long-term debt, less current portion | 44,567 | 38,082 |
| Deferred income taxes | 31,935 | 30,110 |
| Other noncurrent liabilities | 11,384 | 13,271 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests and redeemable subsidiary preferred stock | 957 | 16,998 |
| Equity: | ||
| Preferred stock - authorized, 20,000,000 shares; issued, zero | 0 | 0 |
| Common stock | 30 | 31 |
| Additional paid-in capital | 38,890 | 40,547 |
| Retained earnings | 19,235 | 16,280 |
| Treasury stock, 365,460,750 Class A common shares and 70,934,764 Class A Special common shares | (7,517) | (7,517) |
| Accumulated other comprehensive income (loss) | 56 | 15 |
| Total Comcast Corporation shareholders' equity | 50,694 | 49,356 |
| Noncontrolling interests | 364 | 440 |
| Total equity | 51,058 | 49,796 |
| Total liabilities and equity | 158,813 | 164,971 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock | 25 | 25 |
| Class B Common Stock | ||
| Common stock | 0 | 0 |
| ClassA Special Common Stock | ||
| Common stock | 5 | 6 |
| Legal Entity | ||
| NBCUniversal Media, LLC | ||
| Cash and cash equivalents | 967 | 5,921 |
| Receivables, net | 4,911 | 4,028 |
| Programming rights | 903 | 844 |
| Other current assets | 615 | 607 |
| Total current assets | 7,396 | 11,400 |
| Film and television costs | 4,983 | 5,041 |
| Investments | 884 | 1,266 |
| Property and equipment, net | 7,650 | 5,381 |
| Goodwill | 14,882 | 14,770 |
| Intangible assets | 14,857 | 15,420 |
| Other noncurrent assets, net | 1,087 | 1,184 |
| Total assets | 51,739 | 54,462 |
| Accounts payable and accrued expenses related to trade creditors | 1,583 | 2,348 |
| Accrued participations and residuals | 1,239 | 1,350 |
| Program obligations | 657 | 561 |
| Deferred revenue | 846 | 681 |
| Accrued expenses and other current liabilities | 1,465 | 1,288 |
| Note payable to Comcast | 799 | |
| Current portion of long-term debt | 906 | 10 |
| Total current liabilities | 7,495 | 6,238 |
| Long-term debt, less current portion | 10,259 | 11,231 |
| Accrued participations residuals and program obligations noncurrent | 1,015 | 862 |
| Other noncurrent liabilities | 3,412 | 3,746 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 231 | 131 |
| Member's capital | 29,056 | 31,900 |
| Accumulated other comprehensive income (loss) | (16) | (65) |
| Total NBCUniversal member's equity | 29,040 | 31,835 |
| Noncontrolling interests | 287 | 419 |
| Total NBCUniversal equity | 29,327 | 32,254 |
| Total liabilities and equity | 51,739 | 54,462 |
| External Links | |
| COMCAST CORP (CCZ) Fiscal Year 2013 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |