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: 2014 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenue | $ 68,775 | 64,657 | 62,570 |
| Costs and Expenses: | |||
| Programming and production | 20,912 | 19,670 | 19,929 |
| Other operating and administrative | 19,862 | 18,584 | 17,833 |
| Advertising, marketing and promotion | 5,078 | 4,969 | 4,831 |
| Depreciation | 6,337 | 6,254 | 6,150 |
| Amortization | 1,682 | 1,617 | 1,648 |
| Total costs and expenses | 53,871 | 51,094 | 50,391 |
| Operating income | 14,904 | 13,563 | 12,179 |
| Other Income (Expense): | |||
| Interest expense | (2,617) | (2,574) | (2,521) |
| Investment income (loss), net | 296 | 576 | 219 |
| Equity in net income (losses) of investees, net | 97 | (86) | 959 |
| Other income (expense), net | (215) | (364) | 773 |
| Nonoperating income (expense) | (2,439) | (2,448) | (570) |
| Income before income taxes | 12,465 | 11,115 | 11,609 |
| Income tax expense | (3,873) | (3,980) | (3,744) |
| Net income | 8,592 | 7,135 | 7,865 |
| Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock | (212) | (319) | (1,662) |
| Net income attributable to Parent | 8,380 | 6,816 | 6,203 |
| Basic earnings per common share attributable to Comcast Corporation shareholders | 3.2400 | 2.6000 | 2.3200 |
| Diluted earnings per common share attributable to Comcast Corporation shareholders | 3.2000 | 2.5600 | 2.2800 |
| Dividends declared per common share | 0.9000 | 0.7800 | 0.6500 |
| Legal Entity | |||
| NBCUniversal Media, LLC | |||
| Revenue | 25,428 | 23,650 | 23,812 |
| Programming and production | 12,318 | 11,770 | 12,710 |
| Other operating and administrative | 5,364 | 4,949 | 4,763 |
| Advertising, marketing and promotion | 2,158 | 2,199 | 2,232 |
| Depreciation | 654 | 639 | 562 |
| Amortization | 841 | 772 | 764 |
| Total costs and expenses | 21,335 | 20,329 | 21,031 |
| Operating income | 4,093 | 3,321 | 2,781 |
| Interest expense | (508) | (515) | (480) |
| Investment income (loss), net | 27 | 17 | 27 |
| Equity in net income (losses) of investees, net | 46 | (93) | 183 |
| Other income (expense), net | (218) | (402) | 917 |
| Nonoperating income (expense) | (653) | (993) | 647 |
| Income before income taxes | 3,440 | 2,328 | 3,428 |
| Income tax expense | (143) | (206) | (197) |
| Net income | 3,297 | 2,122 | 3,231 |
| Net income attributable to Parent | 3,115 | 1,968 | 3,055 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2014 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net income | $ 8,592 | 7,135 | 7,865 |
| Unrealized gains (losses) on marketable securities, net of deferred taxes | 33 | 185 | 161 |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | (5) | 25 | 58 |
| Amounts Reclassified To Net Income: | |||
| Realized (gains) losses on marketable securities, net of deferred taxes | (99) | (301) | 0 |
| Realized (gains) losses on cash flow hedges, net of deferred taxes | 46 | (3) | (15) |
| Employee benefit obligations, net of deferred taxes | (139) | 181 | (31) |
| Currency translation adjustments, net of deferred taxes | (38) | (29) | 0 |
| Comprehensive income | 8,390 | 7,193 | 8,038 |
| Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock | (212) | (319) | (1,662) |
| Other comprehensive (income) loss attributable to noncontrolling interests | 0 | 9 | (6) |
| Comprehensive income attributable to Parent | 8,178 | 6,883 | 6,370 |
| Legal Entity | |||
| NBCUniversal Media, LLC | |||
| Net income | 3,297 | 2,122 | 3,231 |
| Unrealized gains (losses) on marketable securities, net of deferred taxes | 0 | 0 | 0 |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | 25 | (5) | 0 |
| Employee benefit obligations, net of deferred taxes | (106) | 95 | 14 |
| Currency translation adjustments, net of deferred taxes | (62) | (41) | (1) |
| Comprehensive income | 3,154 | 2,171 | 3,244 |
| Net (income) loss attributable to noncontrolling interests | (182) | (154) | (176) |
| Comprehensive income attributable to Parent | 2,972 | 2,017 | 3,068 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2014 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating Activities | |||
| Net income | $ 8,592 | 7,135 | 7,865 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 8,019 | 7,871 | 7,798 |
| Share-based compensation | 513 | 419 | 371 |
| Noncash interest expense (income), net | 180 | 167 | 193 |
| Equity in net (income) losses of investees, net | (97) | 86 | (959) |
| Cash received from investees | 104 | 120 | 195 |
| Net (gain) loss on investment activity and other | 4 | (169) | (1,062) |
| Deferred income taxes | 1,165 | 16 | 139 |
| Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Current and noncurrent receivables, net | (33) | (721) | (823) |
| Film and television costs, net | (562) | 44 | 22 |
| Accounts payable and accrued expenses related to trade creditors | 153 | (667) | 366 |
| Other operating assets and liabilities | (1,093) | (141) | 749 |
| Net cash provided by operating activities | 16,945 | 14,160 | 14,854 |
| Investing Activities | |||
| Capital expenditures | (7,420) | (6,596) | (5,714) |
| Cash paid for intangible assets | (1,122) | (1,009) | (923) |
| Acquisitions and construction of real estate properties | (43) | (1,904) | 0 |
| Acquisitions, net of cash acquired | (477) | (99) | (90) |
| Proceeds from sales of businesses and investments | 666 | 1,083 | 3,102 |
| Return of capital from investees | 25 | 149 | 2,362 |
| Purchases of investments | (191) | (1,223) | (297) |
| Other | (171) | 85 | 74 |
| Net cash provided by (used in) investing activities | (8,733) | (9,514) | (1,486) |
| Financing Activities | |||
| Proceeds from (repayments of) short-term borrowings, net | (504) | 1,345 | (544) |
| Proceeds from borrowings | 4,182 | 2,933 | 4,544 |
| Repurchases and repayments of debt | (3,175) | (2,444) | (2,881) |
| Repurchases and retirements of common stock | (4,251) | (2,000) | (3,000) |
| Dividends paid | (2,254) | (1,964) | (1,608) |
| Issuances of common stock | 35 | 40 | 233 |
| Purchase of NBCUniversal noncontrolling common equity interest | 0 | (10,761) | 0 |
| Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock | (220) | (215) | (691) |
| Settlement of Station Venture liability | 0 | (602) | 0 |
| Other | 167 | (211) | (90) |
| Net cash provided by (used in) financing activities | (6,020) | (13,879) | (4,037) |
| Increase (decrease) in cash and cash equivalents | 2,192 | (9,233) | 9,331 |
| Cash and cash equivalents, beginning of year | 1,718 | 10,951 | |
| Cash and cash equivalents, end of year | 3,910 | 1,718 | 10,951 |
| Legal Entity | |||
| NBCUniversal Media, LLC | |||
| Net income | 3,297 | 2,122 | 3,231 |
| Depreciation and amortization | 1,495 | 1,411 | 1,326 |
| Share-based compensation | 0 | 7 | 7 |
| Equity in net (income) losses of investees, net | (46) | 93 | (183) |
| Cash received from investees | 74 | 90 | 189 |
| Net (gain) loss on investment activity and other | 136 | 345 | (1,093) |
| Deferred income taxes | (12) | (10) | 15 |
| Current and noncurrent receivables, net | (25) | (752) | (643) |
| Film and television costs, net | (571) | 2 | 100 |
| Accounts payable and accrued expenses related to trade creditors | (88) | (789) | 51 |
| Other operating assets and liabilities | 264 | 505 | 333 |
| Net cash provided by operating activities | 4,524 | 3,024 | 3,333 |
| Capital expenditures | (1,221) | (1,160) | (763) |
| Cash paid for intangible assets | (130) | (113) | (113) |
| Acquisitions of real estate properties | 0 | (1,705) | 0 |
| Acquisitions, net of cash acquired | (118) | (111) | (90) |
| Proceeds from sales of businesses and investments | 13 | 2 | 3,026 |
| Return of capital from investees | 24 | 131 | 75 |
| Purchases of investments | (35) | (236) | (117) |
| Other | (146) | (20) | (9) |
| Net cash provided by (used in) investing activities | (1,613) | (3,212) | 2,009 |
| Proceeds from (repayments of) short-term borrowings, net | 0 | 0 | (550) |
| Proceeds from borrowings | 0 | 0 | 1,995 |
| Repurchases and repayments of debt | (906) | (92) | (413) |
| Proceeds from (repayments of) borrowings from Comcast, net | 97 | 799 | 0 |
| Redemption transaction distribution | 0 | (3,200) | 0 |
| Distributions to member | (1,641) | (1,422) | (964) |
| Distributions to noncontrolling interests | (177) | (183) | (216) |
| Settlement of Station Venture liability | 0 | (602) | 0 |
| Other | (3) | (66) | (81) |
| Net cash provided by (used in) financing activities | (2,630) | (4,766) | (229) |
| Increase (decrease) in cash and cash equivalents | 281 | (4,954) | 5,113 |
| Cash and cash equivalents, beginning of year | 1,248 | 5,921 | 5,921 |
| Cash and cash equivalents, end of year | 1,248 | 5,921 | 5,921 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COMCAST CORP | ||
Ticker: CCZ Fiscal Year: 2014 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 3,910 | 1,718 |
| Investments [Current] | 602 | 3,573 |
| Receivables, net | 6,321 | 6,376 |
| Programming rights | 839 | 928 |
| Other current assets | 1,859 | 1,480 |
| Total current assets | 13,531 | 14,075 |
| Film and television costs | 5,727 | 4,994 |
| Investments | 3,135 | 3,770 |
| Property and equipment, net | 30,953 | 29,840 |
| Franchise rights | 59,364 | 59,364 |
| Goodwill | 27,316 | 27,098 |
| Other intangible assets, net | 16,980 | 17,329 |
| Other noncurrent assets, net | 2,333 | 2,343 |
| Total assets | 159,339 | 158,813 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses related to trade creditors | 5,638 | 5,528 |
| Accrued participations and residuals | 1,347 | 1,239 |
| Deferred revenue | 915 | 898 |
| Accrued expenses and other current liabilities | 5,293 | 7,967 |
| Current portion of long-term debt | 4,217 | 3,280 |
| Total current liabilities | 17,410 | 18,912 |
| Long-term debt, less current portion | 44,017 | 44,567 |
| Deferred income taxes | 32,959 | 31,935 |
| Other noncurrent liabilities | 10,819 | 11,384 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests and redeemable subsidiary preferred stock | 1,066 | 957 |
| Equity: | ||
| Preferred stock - authorized, 20,000,000 shares; issued, zero | 0 | 0 |
| Common stock | 30 | 30 |
| Additional paid-in capital | 38,805 | 38,890 |
| Retained earnings | 21,539 | 19,235 |
| 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) | (146) | 56 |
| Total Comcast Corporation shareholders' equity | 52,711 | 50,694 |
| Noncontrolling interests | 357 | 364 |
| Total equity | 53,068 | 51,058 |
| Total liabilities and equity | 159,339 | 158,813 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock | 25 | 25 |
| Class B Common Stock | ||
| Common stock | 0 | 0 |
| Class A Special Common Stock | ||
| Common stock | 5 | 5 |
| Legal Entity | ||
| NBCUniversal Media, LLC | ||
| Cash and cash equivalents | 1,248 | 967 |
| Receivables, net | 4,842 | 4,911 |
| Programming rights | 825 | 903 |
| Other current assets | 823 | 615 |
| Total current assets | 7,738 | 7,396 |
| Film and television costs | 5,714 | 4,983 |
| Investments | 882 | 884 |
| Property and equipment, net | 8,138 | 7,650 |
| Goodwill | 14,908 | 14,882 |
| Intangible assets, net | 14,187 | 14,857 |
| Other noncurrent assets, net | 1,050 | 1,087 |
| Total assets | 52,617 | 51,739 |
| Accounts payable and accrued expenses related to trade creditors | 1,388 | 1,583 |
| Accrued participations and residuals | 1,347 | 1,239 |
| Program obligations | 687 | 657 |
| Deferred revenue | 821 | 846 |
| Accrued expenses and other current liabilities | 1,422 | 1,465 |
| Note payable to Comcast | 865 | 799 |
| Current portion of long-term debt | 1,023 | 906 |
| Total current liabilities | 7,553 | 7,495 |
| Long-term debt, less current portion | 9,226 | 10,259 |
| Accrued participations residuals and program obligations | 1,149 | 1,015 |
| Other noncurrent liabilities | 3,722 | 3,412 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 330 | 231 |
| Member's capital | 30,529 | 29,056 |
| Accumulated other comprehensive income (loss) | (159) | (16) |
| Total NBCUniversal member's equity | 30,370 | 29,040 |
| Noncontrolling interests | 267 | 287 |
| Total equity | 30,637 | 29,327 |
| Total liabilities and equity | 52,617 | 51,739 |
| External Links | |
| COMCAST CORP (CCZ) Fiscal Year 2014 | |
| 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 |