10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2019 | |||
Consolidated Statement of Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 30, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenue | $ 108,942 | 94,507 | 85,029 |
| Costs and Expenses: | |||
| Programming and production | 34,440 | 29,692 | 25,355 |
| Other operating and administrative | 32,807 | 28,094 | 25,449 |
| Advertising, marketing and promotion | 7,617 | 7,036 | 6,519 |
| Depreciation | 8,663 | 8,281 | 7,914 |
| Amortization | 4,290 | 2,736 | 2,216 |
| Other operating gains | 0 | (341) | (442) |
| Total costs and expenses | 87,817 | 75,498 | 67,011 |
| Operating income (loss) | 21,125 | 19,009 | 18,018 |
| Interest expense | (4,567) | (3,542) | (3,086) |
| Investment and other income (loss), net | 438 | (225) | 421 |
| Income (loss) before income taxes | 16,996 | 15,242 | 15,353 |
| Income tax (expense) benefit | (3,673) | (3,380) | 7,569 |
| Net income | 13,323 | 11,862 | 22,922 |
| Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock | 266 | 131 | 187 |
| Net income attributable to Comcast Corporation | 13,057 | 11,731 | 22,735 |
| Basic earnings per common share attributable to Comcast Corporation shareholders (in dollars per share) | 2.87 | 2.56 | 4.83 |
| Diluted earnings per common share attributable to Comcast Corporation shareholders (in dollars per share) | 2.83 | 2.53 | 4.75 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Revenue | 34,021 | 35,895 | 32,950 |
| Programming and production | 14,462 | 16,330 | 14,276 |
| Other operating and administrative | 8,123 | 7,980 | 7,687 |
| Advertising, marketing and promotion | 2,681 | 2,952 | 2,806 |
| Depreciation | 1,023 | 1,001 | 994 |
| Amortization | 1,106 | 1,107 | 1,047 |
| Other operating gains | 0 | (141) | (337) |
| Total costs and expenses | 27,395 | 29,229 | 26,473 |
| Operating income (loss) | 6,626 | 6,666 | 6,477 |
| Interest expense | (738) | (489) | (727) |
| Investment and other income (loss), net | 396 | (521) | (144) |
| Income (loss) before income taxes | 6,284 | 5,656 | 5,606 |
| Income tax (expense) benefit | (320) | (351) | (392) |
| Net income | 5,964 | 5,305 | 5,214 |
| Less: Net income attributable to noncontrolling interests | 180 | 68 | 134 |
| Net income attributable to Comcast Corporation | 5,784 | 5,237 | 5,080 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2019 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 30, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net income | $ 13,323 | 11,862 | 22,922 |
| Unrealized gains (losses) on marketable securities, net of deferred taxes | 3 | 1 | (42) |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | 19 | 50 | 60 |
| Amounts reclassified to net income: | |||
| Realized (gains) losses on marketable securities, net of deferred taxes | 0 | 0 | (1) |
| Realized (gains) losses on cash flow hedges, net of deferred taxes | 65 | (6) | (37) |
| Employee benefit obligations, net of deferred taxes | (60) | 7 | 41 |
| Currency translation adjustments, net of deferred taxes | 1,375 | (916) | 147 |
| Comprehensive income | 14,725 | 10,998 | 23,090 |
| Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock | 266 | 131 | 187 |
| Less: Other comprehensive income (loss) attributable to noncontrolling interests | (13) | (41) | 81 |
| Comprehensive income attributable to Comcast Corporation | 14,472 | 10,908 | 22,822 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Net income | 5,964 | 5,305 | 5,214 |
| Unrealized gains (losses) on marketable securities, net of deferred taxes | 0 | 0 | (233) |
| Deferred gains (losses) on cash flow hedges, net of deferred taxes | (5) | 3 | (13) |
| Employee benefit obligations, net of deferred taxes | (53) | 14 | 112 |
| Currency translation adjustments, net of deferred taxes | 6 | (16) | 189 |
| Comprehensive income | 5,912 | 5,306 | 5,269 |
| Less: Net income attributable to noncontrolling interests | 180 | 68 | 134 |
| Less: Other comprehensive income (loss) attributable to noncontrolling interests | (12) | (41) | 81 |
| Comprehensive income attributable to Comcast Corporation | 5,744 | 5,279 | 5,054 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
COMCAST CORP | |||
Ticker: CCZ Fiscal Year: 2019 | |||
Consolidated Statement of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 30, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating Activities | |||
| Net income | $ 13,323 | 11,862 | 22,922 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation, amortization and other operating gains | 12,953 | 10,676 | 9,688 |
| Share-based compensation | 1,021 | 826 | 751 |
| Noncash interest expense (income), net | 417 | 364 | 272 |
| Net (gain) loss on investment activity and other | (20) | 576 | (194) |
| Deferred income taxes | 563 | 290 | (10,646) |
| Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | |||
| Current and noncurrent receivables, net | (57) | (802) | (869) |
| Film and television costs, net | (929) | (395) | (197) |
| Accounts payable and accrued expenses related to trade creditors | (347) | (394) | 173 |
| Other operating assets and liabilities | (1,227) | 1,294 | (639) |
| Net cash provided by operating activities | 25,697 | 24,297 | 21,261 |
| Investing Activities | |||
| Capital expenditures | (9,953) | (9,774) | (9,550) |
| Cash paid for intangible assets | (2,475) | (1,935) | (1,605) |
| Acquisitions and construction of real estate properties | (54) | (143) | (418) |
| Construction of Universal Beijing Resort | (1,116) | (460) | (71) |
| Acquisitions, net of cash acquired | (370) | (38,219) | (532) |
| Proceeds from sales of businesses and investments | 886 | 141 | 150 |
| Purchases of investments | (1,899) | (1,257) | (2,292) |
| Other | 140 | 793 | 785 |
| Net cash provided by (used in) investing activities | (14,841) | (50,854) | (13,533) |
| Financing Activities | |||
| Proceeds from (repayments of) short-term borrowings, net | (1,288) | 379 | (1,905) |
| Proceeds from borrowings | 5,479 | 44,781 | 11,466 |
| Proceeds from collateralized obligation | 5,175 | 0 | 0 |
| Repurchases and repayments of debt | (14,354) | (8,798) | (6,364) |
| Repurchases of common stock under repurchase program and employee plans | (504) | (5,320) | (5,435) |
| Dividends paid | (3,735) | (3,352) | (2,883) |
| Purchase of Universal Studios Japan noncontrolling interests | 0 | 0 | (2,299) |
| Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock | (311) | (277) | (252) |
| Other | 357 | (273) | 100 |
| Net cash provided by (used in) financing activities | (9,181) | 27,140 | (7,572) |
| Impact of foreign currency on cash, cash equivalents and restricted cash | 5 | (245) | 0 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 1,680 | 338 | 156 |
| Cash, cash equivalents and restricted cash, beginning of year | 3,909 | 3,571 | |
| Cash, cash equivalents and restricted cash, end of year | 5,589 | 3,909 | 3,571 |
| Legal Entity | |||
| NBCUniversal Media LLC | |||
| Net income | 5,964 | 5,305 | 5,214 |
| Depreciation, amortization and other operating gains | 2,129 | 1,967 | 1,704 |
| Net (gain) loss on investment activity and other | 120 | 689 | 428 |
| Deferred income taxes | (42) | (39) | 2 |
| Current and noncurrent receivables, net | 43 | (452) | (594) |
| Film and television costs, net | (911) | 35 | (199) |
| Accounts payable and accrued expenses related to trade creditors | (27) | 57 | (43) |
| Other operating assets and liabilities | (58) | 341 | 564 |
| Net cash provided by operating activities | 7,218 | 7,903 | 7,076 |
| Capital expenditures | (2,072) | (1,730) | (1,502) |
| Cash paid for intangible assets | (285) | (448) | (295) |
| Note receivable from Comcast | (2,900) | (2,054) | 0 |
| Construction of Universal Beijing Resort | (1,116) | (460) | (71) |
| Acquisitions, net of cash acquired | (211) | (80) | (140) |
| Proceeds from sales of businesses and investments | 464 | 70 | 45 |
| Purchases of investments | (1,024) | (587) | (490) |
| Other | 16 | (51) | 586 |
| Net cash provided by (used in) investing activities | (7,128) | (5,340) | (1,867) |
| Proceeds from borrowings | 791 | 692 | 3,948 |
| Proceeds from collateralized obligation | 5,175 | 0 | 0 |
| Repurchases and repayments of debt | (3,778) | (438) | (3,498) |
| Proceeds from (repayments of) borrowings from Comcast, net | (70) | (1,777) | (872) |
| Distributions to member | (2,113) | (1,627) | (1,968) |
| Distributions to noncontrolling interests | (242) | (205) | (209) |
| Purchase of Universal Studios Japan noncontrolling interests | 0 | 0 | (2,299) |
| Other | 127 | (121) | 79 |
| Net cash provided by (used in) financing activities | (110) | (3,476) | (4,819) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (20) | (913) | 390 |
| Cash, cash equivalents and restricted cash, beginning of year | 1,444 | 2,377 | 2,377 |
| Cash, cash equivalents and restricted cash, end of year | 1,444 | 2,377 | 2,377 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
COMCAST CORP | ||
Ticker: CCZ Fiscal Year: 2019 | ||
Consolidated Balance Sheet | ||
Period Ending Dec 31, 2019 10-K (Filed: Jan 30, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $ 5,500 | 3,814 |
| Receivables, net | 11,292 | 11,104 |
| Programming rights | 3,877 | 3,746 |
| Other current assets | 4,723 | 3,184 |
| Total current assets | 25,392 | 21,848 |
| Film and television costs | 8,933 | 7,837 |
| Investments | 6,989 | 7,883 |
| Investment securing collateralized obligation | 694 | 0 |
| Property and equipment, net | 48,322 | 44,437 |
| Goodwill | 68,725 | 66,154 |
| Franchise rights | 59,365 | 59,365 |
| Other intangible assets, net | 36,128 | 38,358 |
| Other noncurrent assets, net | 8,866 | 5,802 |
| Total assets | 263,414 | 251,684 |
| Liabilities and Equity | ||
| Current Liabilities: | ||
| Accounts payable and accrued expenses related to trade creditors | 10,826 | 8,494 |
| Accrued participations and residuals | 1,730 | 1,808 |
| Deferred revenue | 2,768 | 2,182 |
| Accrued expenses and other current liabilities | 10,516 | 10,721 |
| Current portion of long-term debt | 4,452 | 4,398 |
| Total current liabilities | 30,292 | 27,603 |
| Long-term debt, less current portion | 97,765 | 107,345 |
| Collateralized obligation | 5,166 | 0 |
| Deferred income taxes | 28,180 | 27,589 |
| Other noncurrent liabilities | 16,765 | 15,329 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 1,372 | 1,316 |
| Equity: | ||
| Preferred stockauthorized, 20,000,000 shares; issued, zero | 0 | 0 |
| Common stock | 54 | 54 |
| Additional paid-in capital | 38,447 | 37,461 |
| Retained earnings | 50,695 | 41,983 |
| Treasury stock, 872,791,028 Class A common shares | (7,517) | (7,517) |
| Accumulated other comprehensive income (loss) | 1,047 | (368) |
| Total Comcast Corporation shareholders equity | 82,726 | 71,613 |
| Noncontrolling interests | 1,148 | 889 |
| Total equity | 83,874 | 72,502 |
| Total liabilities and equity | 263,414 | 251,684 |
| Class of Stock | ||
| Class A Common Stock | ||
| Common stock | 54 | 54 |
| Class B Common Stock | ||
| Common stock | 0 | 0 |
| Legal Entity | ||
| NBCUniversal Media LLC | ||
| Cash and cash equivalents | 1,424 | 1,444 |
| Receivables, net | 7,236 | 7,293 |
| Programming rights | 1,545 | 1,323 |
| Notes receivable from Comcast | 3,886 | 2,054 |
| Other current assets | 1,274 | 1,133 |
| Total current assets | 15,365 | 13,247 |
| Film and television costs | 7,956 | 7,292 |
| Investments | 1,560 | 1,680 |
| Investment securing collateralized obligation | 694 | 0 |
| Note receivable from Comcast | 1,069 | 0 |
| Property and equipment, net | 15,751 | 13,189 |
| Goodwill | 24,240 | 24,118 |
| Intangible assets, net | 12,940 | 13,666 |
| Other noncurrent assets, net | 3,473 | 1,822 |
| Total assets | 83,048 | 75,014 |
| Accounts payable and accrued expenses related to trade creditors | 2,209 | 1,933 |
| Accrued participations and residuals | 1,736 | 1,808 |
| Program obligations | 917 | 965 |
| Deferred revenue | 1,655 | 1,118 |
| Accrued expenses and other current liabilities | 2,300 | 2,195 |
| Notes payable to Comcast | 99 | 54 |
| Current portion of long-term debt | 301 | 151 |
| Total current liabilities | 9,217 | 8,224 |
| Long-term debt, less current portion | 9,709 | 12,731 |
| Collateralized obligation | 5,166 | 0 |
| Accrued participations, residuals and program obligations | 1,570 | 1,712 |
| Other noncurrent liabilities | 6,548 | 5,177 |
| Commitments and contingencies | ||
| Redeemable noncontrolling interests | 452 | 389 |
| Members capital | 49,040 | 45,618 |
| Accumulated other comprehensive income (loss) | 214 | 254 |
| Total NBCUniversal members equity | 49,254 | 45,872 |
| Noncontrolling interests | 1,132 | 909 |
| Total equity | 50,386 | 46,781 |
| Total liabilities and equity | 83,048 | 75,014 |
| External Links | |
| COMCAST CORP (CCZ) Fiscal Year 2019 | |
| 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 |