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: 2018 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Jan 31, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenue | $ 94,507 | 85,029 | 80,736 |
| Costs and Expenses: | |||
| Programming and production | 29,692 | 25,355 | 24,348 |
| Other operating and administrative | 28,094 | 25,449 | 23,840 |
| Advertising, marketing and promotion | 7,036 | 6,519 | 6,291 |
| Depreciation | 8,281 | 7,914 | 7,464 |
| Amortization | 2,736 | 2,216 | 1,962 |
| Other operating gains | (341) | (442) | 0 |
| Total costs and expenses | 75,498 | 67,011 | 63,905 |
| Operating income | 19,009 | 18,018 | 16,831 |
| Interest expense | (3,542) | (3,086) | (2,942) |
| Investment and other income (loss), net | (225) | 421 | 437 |
| Income before income taxes | 15,242 | 15,353 | 14,326 |
| Income tax (expense) benefit | (3,380) | 7,569 | (5,298) |
| Net income | 11,862 | 22,922 | 9,028 |
| Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock | 131 | 187 | 350 |
| Net income attributable to Comcast Corporation | 11,731 | 22,735 | 8,678 |
| Basic earnings per common share attributable to Comcast Corporation shareholders (in dollars per share) | 2.56 | 4.83 | 1.80 |
| Diluted earnings per common share attributable to Comcast Corporation shareholders (in dollars per share) | 2.53 | 4.75 | 1.78 |
| Dividends declared per common share (in dollars per share) | 0.76 | 0.63 | 0.55 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Revenue | 35,895 | 32,950 | 31,398 |
| Programming and production | 16,330 | 14,276 | 14,424 |
| Other operating and administrative | 7,980 | 7,687 | 7,033 |
| Advertising, marketing and promotion | 2,952 | 2,806 | 2,778 |
| Depreciation | 1,001 | 994 | 861 |
| Amortization | 1,107 | 1,047 | 944 |
| Other operating gains | (141) | (337) | 0 |
| Total costs and expenses | 29,229 | 26,473 | 26,040 |
| Operating income | 6,666 | 6,477 | 5,358 |
| Interest expense | (489) | (727) | (595) |
| Investment and other income (loss), net | (521) | (144) | 24 |
| Income before income taxes | 5,656 | 5,606 | 4,787 |
| Income tax (expense) benefit | (351) | (392) | (305) |
| Net income | 5,305 | 5,214 | 4,482 |
| Less: Net income attributable to noncontrolling interests | 68 | 134 | 311 |
| Net income attributable to Comcast Corporation | 5,237 | 5,080 | 4,171 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2018 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Jan 31, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Net income | $ 11,862 | 22,922 | 9,028 |
| Unrealized gains (losses) on marketable securities, net of deferred taxes | 1 | (42) | 0 |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | 50 | 60 | (60) |
| Amounts reclassified to net income: | |||
| Realized (gains) losses on marketable securities, net of deferred taxes | 0 | (1) | (1) |
| Realized (gains) losses on cash flow hedges, net of deferred taxes | (6) | (37) | 92 |
| Employee benefit obligations, net of deferred taxes | 7 | 41 | 213 |
| Currency translation adjustments, net of deferred taxes | (916) | 147 | 102 |
| Comprehensive income | 10,998 | 23,090 | 9,374 |
| Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock | 131 | 187 | 350 |
| Less: Other comprehensive income (loss) attributable to noncontrolling interests | (41) | 81 | 74 |
| Comprehensive income attributable to Comcast Corporation | 10,908 | 22,822 | 8,950 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Net income | 5,305 | 5,214 | 4,482 |
| Unrealized gains (losses) on marketable securities, net of deferred taxes | 0 | (233) | 0 |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | 3 | (13) | 24 |
| Employee benefit obligations, net of deferred taxes | 14 | 112 | 15 |
| Currency translation adjustments, net of deferred taxes | (16) | 189 | 112 |
| Comprehensive income | 5,306 | 5,269 | 4,633 |
| Less: Net income attributable to noncontrolling interests | 68 | 134 | 311 |
| Less: Other comprehensive income (loss) attributable to noncontrolling interests | (41) | 81 | 74 |
| Comprehensive income attributable to Comcast Corporation | 5,279 | 5,054 | 4,248 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2018 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Jan 31, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating Activities | |||
| Net income | $ 11,862 | 22,922 | 9,028 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and other operating gains | 10,676 | 9,688 | 9,426 |
| Share-based compensation | 826 | 751 | 640 |
| Noncash interest expense (income), net | 364 | 272 | 230 |
| Net (gain) loss on investment activity and other | 576 | (194) | 19 |
| Deferred income taxes | 290 | (10,646) | 1,434 |
| Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Current and noncurrent receivables, net | (802) | (869) | (649) |
| Film and television costs, net | (395) | (197) | (501) |
| Accounts payable and accrued expenses related to trade creditors | (394) | 173 | 378 |
| Other operating assets and liabilities | 1,294 | (639) | (314) |
| Net cash provided by operating activities | 24,297 | 21,261 | 19,691 |
| Investing Activities | |||
| Capital expenditures | (9,774) | (9,550) | (9,135) |
| Cash paid for intangible assets | (1,935) | (1,605) | (1,552) |
| Acquisitions and construction of real estate properties | (143) | (418) | (428) |
| Construction of Universal Beijing Resort | (460) | (71) | (22) |
| Acquisitions, net of cash acquired | (38,219) | (532) | (3,929) |
| Proceeds from sales of businesses and investments | 141 | 150 | 218 |
| Purchases of investments | (1,257) | (2,292) | (1,697) |
| Deposits | 0 | 0 | (1,749) |
| Other | 793 | 785 | 29 |
| Net cash provided by (used in) investing activities | (50,854) | (13,533) | (18,265) |
| Financing Activities | |||
| Proceeds from (repayments of) short-term borrowings, net | 379 | (1,905) | 1,790 |
| Proceeds from borrowings | 44,781 | 11,466 | 9,231 |
| Repurchases and repayments of debt | (8,798) | (6,364) | (3,052) |
| Repurchases of common stock under repurchase program and employee plans | (5,320) | (5,435) | (5,352) |
| Dividends paid | (3,352) | (2,883) | (2,601) |
| Purchase of Universal Studios Japan noncontrolling interests | 0 | (2,299) | 0 |
| Issuances of common stock | 0 | 0 | 23 |
| Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock | (277) | (252) | (253) |
| Other | (273) | 100 | (220) |
| Net cash provided by (used in) financing activities | 27,140 | (7,572) | (434) |
| Impact of foreign currency on cash, cash equivalents and restricted cash | (245) | 0 | 0 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 338 | 156 | 992 |
| Cash, cash equivalents and restricted cash, beginning of year | 3,571 | 3,415 | |
| Cash, cash equivalents and restricted cash, end of year | 3,909 | 3,571 | 3,415 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Net income | 5,305 | 5,214 | 4,482 |
| Depreciation, amortization and other operating gains | 1,967 | 1,704 | 1,805 |
| Net (gain) loss on investment activity and other | 689 | 428 | 87 |
| Deferred income taxes | (39) | 2 | 89 |
| Current and noncurrent receivables, net | (452) | (594) | (502) |
| Film and television costs, net | 35 | (199) | (509) |
| Accounts payable and accrued expenses related to trade creditors | 57 | (43) | 51 |
| Other operating assets and liabilities | 341 | 564 | (606) |
| Net cash provided by operating activities | 7,903 | 7,076 | 4,897 |
| Capital expenditures | (1,730) | (1,502) | (1,452) |
| Cash paid for intangible assets | (448) | (295) | (283) |
| Note receivable from Comcast | (2,054) | 0 | 0 |
| Construction of Universal Beijing Resort | (460) | (71) | (22) |
| Acquisitions, net of cash acquired | (80) | (140) | (205) |
| Proceeds from sales of businesses and investments | 70 | 45 | 109 |
| Purchases of investments | (587) | (490) | (290) |
| Other | (51) | 586 | (90) |
| Net cash provided by (used in) investing activities | (5,340) | (1,867) | (2,233) |
| Proceeds from borrowings | 692 | 3,948 | 0 |
| Repurchases and repayments of debt | (438) | (3,498) | (1,565) |
| Proceeds from (repayments of) borrowings from Comcast, net | (1,777) | (872) | 928 |
| Distributions to member | (1,627) | (1,968) | (1,606) |
| Distributions to noncontrolling interests | (205) | (209) | (210) |
| Purchase of Universal Studios Japan noncontrolling interests | 0 | (2,299) | 0 |
| Other | (121) | 79 | 356 |
| Net cash provided by (used in) financing activities | (3,476) | (4,819) | (2,097) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (913) | 390 | 567 |
| Cash, cash equivalents and restricted cash, beginning of year | 1,464 | 1,987 | 1,987 |
| Cash, cash equivalents and restricted cash, end of year | 1,464 | 1,987 | 1,987 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COMCAST CORP | ||
Ticker: CCZ Fiscal Year: 2018 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2018 10-K (Filed: Jan 31, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 3,814 | 3,428 |
| Receivables, net | 11,104 | 8,834 |
| Programming rights | 3,746 | 1,613 |
| Other current assets | 3,184 | 2,468 |
| Total current assets | 21,848 | 16,343 |
| Film and television costs | 7,837 | 7,087 |
| Investments | 7,883 | 6,931 |
| Property and equipment, net | 44,437 | 38,470 |
| Franchise rights | 59,365 | 59,364 |
| Goodwill | 66,154 | 36,780 |
| Other intangible assets, net | 38,358 | 18,133 |
| Other noncurrent assets, net | 5,802 | 4,354 |
| Total assets | 251,684 | 187,462 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses related to trade creditors | 8,494 | 6,908 |
| Accrued participations and residuals | 1,808 | 1,644 |
| Deferred revenue | 2,182 | 1,687 |
| Accrued expenses and other current liabilities | 10,721 | 6,620 |
| Current portion of long-term debt | 4,398 | 5,134 |
| Total current liabilities | 27,603 | 21,993 |
| Long-term debt, less current portion | 107,345 | 59,422 |
| Deferred income taxes | 27,589 | 24,259 |
| Other noncurrent liabilities | 15,329 | 10,972 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 1,316 | 1,357 |
| Equity: | ||
| Preferred stockauthorized, 20,000,000 shares; issued, zero | 0 | 0 |
| Common stock | 54 | 55 |
| Additional paid-in capital | 37,461 | 37,497 |
| Retained earnings | 41,983 | 38,202 |
| Treasury stock, 872,791,028 Class A common shares | (7,517) | (7,517) |
| Accumulated other comprehensive income (loss) | (368) | 379 |
| Total Comcast Corporation shareholders equity | 71,613 | 68,616 |
| Noncontrolling interests | 889 | 843 |
| Total equity | 72,502 | 69,459 |
| Total liabilities and equity | 251,684 | 187,462 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock | 54 | 55 |
| Class B Common Stock | ||
| Common stock | 0 | 0 |
| Legal Entity | ||
| NBCUniversal Media LLC | ||
| Cash and cash equivalents | 1,444 | 2,347 |
| Receivables, net | 7,293 | 6,967 |
| Programming rights | 1,323 | 1,606 |
| Note receivable from Comcast | 2,054 | 0 |
| Other current assets | 1,133 | 1,037 |
| Total current assets | 13,247 | 11,957 |
| Film and television costs | 7,292 | 7,082 |
| Investments | 1,680 | 1,816 |
| Property and equipment, net | 13,189 | 11,346 |
| Goodwill | 24,118 | 23,989 |
| Intangible assets, net | 13,666 | 13,306 |
| Other noncurrent assets, net | 1,822 | 1,804 |
| Total assets | 75,014 | 71,300 |
| Accounts payable and accrued expenses related to trade creditors | 1,933 | 1,663 |
| Accrued participations and residuals | 1,808 | 1,644 |
| Program obligations | 965 | 745 |
| Deferred revenue | 1,118 | 1,457 |
| Accrued expenses and other current liabilities | 2,195 | 2,394 |
| Note payable to Comcast | 54 | 1,831 |
| Current portion of long-term debt | 151 | 198 |
| Total current liabilities | 8,224 | 9,932 |
| Long-term debt, less current portion | 12,731 | 12,275 |
| Accrued participations, residuals and program obligations | 1,712 | 1,490 |
| Other noncurrent liabilities | 5,177 | 4,153 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 389 | 409 |
| Members capital | 45,618 | 42,148 |
| Accumulated other comprehensive income (loss) | 254 | (20) |
| Total NBCUniversal members equity | 45,872 | 42,128 |
| Noncontrolling interests | 909 | 913 |
| Total equity | 46,781 | 43,041 |
| Total liabilities and equity | 75,014 | 71,300 |
| External Links | |
| COMCAST CORP (CCZ) Fiscal Year 2018 | |
| 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 |