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: 2016 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 3, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenue | $ 80,403 | 74,510 | 68,775 |
| Costs and Expenses: | |||
| Programming and production | 24,463 | 22,550 | 20,912 |
| Other operating and administrative | 23,409 | 21,319 | 19,839 |
| Advertising, marketing and promotion | 6,114 | 5,963 | 5,101 |
| Depreciation | 7,464 | 6,781 | 6,337 |
| Amortization | 2,094 | 1,899 | 1,682 |
| Total costs and expenses | 63,544 | 58,512 | 53,871 |
| Operating income | 16,859 | 15,998 | 14,904 |
| Other Income (Expense): | |||
| Interest expense | (2,942) | (2,702) | (2,617) |
| Investment income (loss), net | 213 | 81 | 296 |
| Equity in net income (losses) of investees, net | (104) | (325) | 97 |
| Other income (expense), net | 327 | 320 | (215) |
| Nonoperating income (expense) | (2,506) | (2,626) | (2,439) |
| Income before income taxes | 14,353 | 13,372 | 12,465 |
| Income tax expense | (5,308) | (4,959) | (3,873) |
| Net income | 9,045 | 8,413 | 8,592 |
| Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock | (350) | (250) | (212) |
| Net income attributable to Parent | 8,695 | 8,163 | 8,380 |
| Basic earnings per common share attributable to Comcast Corporation shareholders (in dollars per share) | 3.61 | 3.28 | 3.24 |
| Diluted earnings per common share attributable to Comcast Corporation shareholders (in dollars per share) | 3.57 | 3.24 | 3.20 |
| Dividends declared per common share (in dollars per share) | 1.10 | 1.00 | 0.90 |
| Unaudited pro forma diluted earnings per common share attributable to Comcast Corporation shareholders, adjusted for the two for one stock split | 1.78 | 1.62 | 1.60 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Revenue | 31,593 | 28,462 | 25,428 |
| Programming and production | 14,540 | 13,418 | 12,318 |
| Other operating and administrative | 7,059 | 5,891 | 5,364 |
| Advertising, marketing and promotion | 2,767 | 2,795 | 2,158 |
| Depreciation | 861 | 669 | 654 |
| Amortization | 944 | 870 | 841 |
| Total costs and expenses | 26,171 | 23,643 | 21,335 |
| Operating income | 5,422 | 4,819 | 4,093 |
| Interest expense | (595) | (495) | (508) |
| Investment income (loss), net | 30 | 5 | 27 |
| Equity in net income (losses) of investees, net | (99) | (376) | 46 |
| Other income (expense), net | 93 | (102) | (218) |
| Nonoperating income (expense) | (571) | (968) | (653) |
| Income before income taxes | 4,851 | 3,851 | 3,440 |
| Income tax expense | (305) | (227) | (143) |
| Net income | 4,546 | 3,624 | 3,297 |
| Net (income) loss attributable to noncontrolling interests | (311) | (210) | (182) |
| Net income attributable to Parent | 4,235 | 3,414 | 3,115 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2016 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 3, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net income | $ 9,045 | 8,413 | 8,592 |
| Unrealized gains (losses) on marketable securities, net of deferred taxes | 0 | 1 | 33 |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | (60) | (106) | (5) |
| Amounts reclassified to net income: | |||
| Realized (gains) losses on marketable securities, net of deferred taxes | (1) | (1) | (99) |
| Realized (gains) losses on cash flow hedges, net of deferred taxes | 92 | 64 | 46 |
| Employee benefit obligations, net of deferred taxes | 213 | 74 | (139) |
| Currency translation adjustments, net of deferred taxes | 102 | (89) | (38) |
| Comprehensive income | 9,391 | 8,356 | 8,390 |
| Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock | (350) | (250) | (212) |
| Other comprehensive (income) loss attributable to noncontrolling interests | (74) | 29 | 0 |
| Comprehensive income attributable to Parent | 8,967 | 8,135 | 8,178 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Net income | 4,546 | 3,624 | 3,297 |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | 24 | (21) | 25 |
| Employee benefit obligations, net of deferred taxes | 15 | 60 | (106) |
| Currency translation adjustments, net of deferred taxes | 112 | (121) | (62) |
| Comprehensive income | 4,697 | 3,542 | 3,154 |
| Net (income) loss attributable to noncontrolling interests | (311) | (210) | (182) |
| Other comprehensive (income) loss attributable to noncontrolling interests | (74) | 29 | 0 |
| Comprehensive income attributable to Parent | 4,312 | 3,361 | 2,972 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2016 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 3, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Operating Activities | |||
| Net income | $ 9,045 | 8,413 | 8,592 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 9,558 | 8,680 | 8,019 |
| Share-based compensation | 640 | 567 | 513 |
| Noncash interest expense (income), net | 230 | 205 | 180 |
| Equity in net (income) losses of investees, net | 104 | 325 | (97) |
| Cash received from investees | 85 | 168 | 104 |
| Net (gain) loss on investment activity and other | (169) | (318) | 4 |
| Deferred income taxes | 1,444 | 958 | 1,165 |
| Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Current and noncurrent receivables, net | (782) | (708) | (33) |
| Film and television costs, net | (495) | (299) | (562) |
| Accounts payable and accrued expenses related to trade creditors | 374 | 384 | 153 |
| Other operating assets and liabilities | (794) | 403 | (1,093) |
| Net cash provided by operating activities | 19,240 | 18,778 | 16,945 |
| Investing Activities | |||
| Capital expenditures | (9,135) | (8,499) | (7,420) |
| Cash paid for intangible assets | (1,686) | (1,370) | (1,122) |
| Acquisitions and construction of real estate properties | (428) | (178) | (43) |
| Acquisitions, net of cash acquired | (3,929) | (1,786) | (477) |
| Proceeds from sales of businesses and investments | 218 | 433 | 666 |
| Purchases of investments | (1,697) | (784) | (191) |
| Deposits | (1,749) | (18) | 0 |
| Other | 21 | 238 | (146) |
| Net cash provided by (used in) investing activities | (18,385) | (11,964) | (8,733) |
| Financing Activities | |||
| Proceeds from (repayments of) short-term borrowings, net | 1,790 | 135 | (504) |
| Proceeds from borrowings | 9,231 | 5,486 | 4,182 |
| Repurchases and repayments of debt | (3,052) | (4,378) | (3,175) |
| Repurchases and retirements of common stock | (5,000) | (6,750) | (4,251) |
| Dividends paid | (2,601) | (2,437) | (2,254) |
| Issuances of common stock | 23 | 36 | 35 |
| Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock | (253) | (232) | (220) |
| Other | 13 | (289) | 167 |
| Net cash provided by (used in) financing activities | 151 | (8,429) | (6,020) |
| Increase (decrease) in cash and cash equivalents | 1,006 | (1,615) | 2,192 |
| Cash and cash equivalents, beginning of year | 2,295 | 3,910 | |
| Cash and cash equivalents, end of year | 3,301 | 2,295 | 3,910 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Net income | 4,546 | 3,624 | 3,297 |
| Depreciation and amortization | 1,805 | 1,539 | 1,495 |
| Equity in net (income) losses of investees, net | 99 | 376 | (46) |
| Cash received from investees | 68 | 60 | 74 |
| Net (gain) loss on investment activity and other | (80) | 56 | 136 |
| Deferred income taxes | 89 | (11) | (12) |
| Current and noncurrent receivables, net | (635) | (718) | (25) |
| Film and television costs, net | (502) | (304) | (571) |
| Accounts payable and accrued expenses related to trade creditors | 51 | 97 | (88) |
| Other operating assets and liabilities | (544) | 585 | 264 |
| Net cash provided by operating activities | 4,897 | 5,304 | 4,524 |
| Capital expenditures | (1,452) | (1,386) | (1,221) |
| Cash paid for intangible assets | (283) | (211) | (130) |
| Acquisitions, net of cash acquired | (205) | (1,522) | (118) |
| Proceeds from sales of businesses and investments | 109 | 218 | 13 |
| Purchases of investments | (290) | (649) | (35) |
| Other | (123) | 150 | (122) |
| Net cash provided by (used in) investing activities | (2,244) | (3,400) | (1,613) |
| Repurchases and repayments of debt | (1,565) | (1,022) | (906) |
| Proceeds from (repayments of) borrowings from Comcast, net | 928 | 854 | 97 |
| Distributions to member | (1,606) | (1,385) | (1,641) |
| Distributions to noncontrolling interests | (210) | (189) | (177) |
| Other | 356 | 0 | (3) |
| Net cash provided by (used in) financing activities | (2,097) | (1,742) | (2,630) |
| Increase (decrease) in cash and cash equivalents | 556 | 162 | 281 |
| Cash and cash equivalents, beginning of year | 1,966 | 1,248 | 1,248 |
| Cash and cash equivalents, end of year | 1,966 | 1,248 | 1,248 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COMCAST CORP | ||
Ticker: CCZ Fiscal Year: 2016 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 3, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 3,301 | 2,295 |
| Receivables, net | 7,955 | 6,896 |
| Programming rights | 1,250 | 1,213 |
| Deposits | 1,772 | 21 |
| Other current assets | 2,083 | 1,878 |
| Total current assets | 16,361 | 12,303 |
| Film and television costs | 7,252 | 5,855 |
| Investments | 5,247 | 3,224 |
| Property and equipment, net | 36,253 | 33,665 |
| Franchise rights | 59,364 | 59,364 |
| Goodwill | 35,980 | 32,945 |
| Other intangible assets, net | 17,274 | 16,946 |
| Other noncurrent assets, net | 2,769 | 2,272 |
| Total assets | 180,500 | 166,574 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses related to trade creditors | 6,915 | 6,215 |
| Accrued participations and residuals | 1,726 | 1,572 |
| Deferred revenue | 1,132 | 1,302 |
| Accrued expenses and other current liabilities | 6,282 | 5,462 |
| Current portion of long-term debt | 5,480 | 3,627 |
| Total current liabilities | 21,535 | 18,178 |
| Long-term debt, less current portion | 55,566 | 48,994 |
| Deferred income taxes | 34,854 | 33,566 |
| Other noncurrent liabilities | 10,925 | 10,637 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 1,446 | 1,221 |
| Equity: | ||
| Preferred stockauthorized, 20,000,000 shares; issued, zero | 0 | 0 |
| Common stock | 28 | 29 |
| Additional paid-in capital | 38,258 | 38,518 |
| Retained earnings | 23,076 | 21,413 |
| Treasury stock, 436,395,514 Class A common shares | (7,517) | (7,517) |
| Accumulated other comprehensive income (loss) | 98 | (174) |
| Total Comcast Corporation shareholders equity | 53,943 | 52,269 |
| Noncontrolling interests | 2,231 | 1,709 |
| Total equity | 56,174 | 53,978 |
| Total liabilities and equity | 180,500 | 166,574 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock | 28 | 29 |
| Class B Common Stock | ||
| Common stock | 0 | 0 |
| Legal Entity | ||
| NBCUniversal Media LLC | ||
| Cash and cash equivalents | 1,966 | 1,410 |
| Receivables, net | 6,302 | 5,411 |
| Programming rights | 1,241 | 1,200 |
| Other current assets | 938 | 841 |
| Total current assets | 10,447 | 8,862 |
| Film and television costs | 7,245 | 5,847 |
| Investments | 1,263 | 965 |
| Property and equipment, net | 10,511 | 9,521 |
| Goodwill | 23,323 | 20,364 |
| Intangible assets, net | 13,777 | 13,806 |
| Other noncurrent assets, net | 1,688 | 1,325 |
| Total assets | 68,254 | 60,690 |
| Accounts payable and accrued expenses related to trade creditors | 1,647 | 1,564 |
| Accrued participations and residuals | 1,726 | 1,572 |
| Program obligations | 807 | 765 |
| Deferred revenue | 1,016 | 1,242 |
| Accrued expenses and other current liabilities | 1,888 | 1,675 |
| Note payable to Comcast | 2,703 | 1,750 |
| Current portion of long-term debt | 127 | 1,163 |
| Total current liabilities | 9,914 | 9,731 |
| Long-term debt, less current portion | 11,461 | 11,331 |
| Accrued participations, residuals and program obligations | 1,202 | 1,163 |
| Other noncurrent liabilities | 4,130 | 3,790 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 530 | 372 |
| Members capital | 39,036 | 32,834 |
| Accumulated other comprehensive income (loss) | (135) | (212) |
| Total NBCUniversal members equity | 38,901 | 32,622 |
| Noncontrolling interests | 2,116 | 1,681 |
| Total equity | 41,017 | 34,303 |
| Total liabilities and equity | 68,254 | 60,690 |
| External Links | |
| COMCAST CORP (CCZ) Fiscal Year 2016 | |
| 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 |