Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Statement of Income

Condensed Consolidating Statement of Income

For the Three Months Ended March 31, 2019

(in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Revenue:
Service revenue	$	—		$	—		$	—		$	—		$	26,859		$	—		$	26,859
Management fee revenue	305			—			299			—			—			(604		)	—
Total revenue	305			—			299			—			26,859			(604		)	26,859
Costs and Expenses:
Programming and production	—			—			—			—			8,569			—			8,569
Other operating and administrative	188			—			299			271			7,746			(604		)	7,900
Advertising, marketing and promotion	—			—			—			—			1,888			—			1,888
Depreciation	14			—			—			—			2,226			—			2,240
Amortization	1			—			—			—			1,079			—			1,080
Total cost and expenses	203			—			299			271			21,508			(604		)	21,677
Operating income (loss)	102			—			—			(271		)	5,351			—			5,182
Interest expense	(896		)	(3		)	(49		)	(120		)	(82		)	—			(1,150		)
Investment and other income (loss), net	4,215			4,143			3,314			2,181			2,238			(15,415		)	676
Income (loss) before income taxes	3,421			4,140			3,265			1,790			7,507			(15,415		)	4,708
Income tax (expense) benefit	132			(6		)	10			(6		)	(1,206		)	—			(1,076		)
Net income (loss)	3,553			4,134			3,275			1,784			6,301			(15,415		)	3,632
Less: Net income (loss) attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			79			—			79
Net income (loss) attributable to Comcast Corporation	$	3,553		$	4,134		$	3,275		$	1,784		$	6,222		$	(15,415	)	$	3,553
Comprehensive income (loss) attributable to Comcast Corporation	$	4,343		$	4,122		$	3,275		$	1,752		$	7,160		$	(16,309	)	$	4,343

Condensed Consolidating Statement of Income

For the Three Months Ended March 31, 2018

(in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Revenue:
Service revenue	$	—		$	—		$	—		$	—		$	22,791		$	—		$	22,791
Management fee revenue	292			—			286			—			—			(578		)	—
Total revenue	292			—			286			—			22,791			(578		)	22,791
Costs and Expenses:
Programming and production	—			—			—			—			7,429			—			7,429
Other operating and administrative	228			—			286			318			6,260			(578		)	6,514
Advertising, marketing and promotion	—			—			—			—			1,604			—			1,604
Depreciation	11			—			—			—			2,000			—			2,011
Amortization	1			—			—			—			587			—			588
Total costs and expenses	240			—			286			318			17,880			(578		)	18,146
Operating income (loss)	52			—			—			(318		)	4,911			—			4,645
Interest expense	(561		)	(3		)	(47		)	(106		)	(60		)	—			(777		)
Investment and other income (loss), net	3,520			3,319			2,826			1,942			1,588			(13,069		)	126
Income (loss) before income taxes	3,011			3,316			2,779			1,518			6,439			(13,069		)	3,994
Income tax (expense) benefit	107			—			9			(5		)	(929		)	—			(818		)
Net income (loss)	3,118			3,316			2,788			1,513			5,510			(13,069		)	3,176
Less: Net income (loss) attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			58			—			58
Net income (loss) attributable to Comcast Corporation	$	3,118		$	3,316		$	2,788		$	1,513		$	5,452		$	(13,069	)	$	3,118
Comprehensive income (loss) attributable to Comcast Corporation	$	3,271		$	3,369		$	2,789		$	1,696		$	5,791		$	(13,645	)	$	3,271

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2019

(in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities	$	(759	)	$	135		$	(119	)	$	(279	)	$	8,253		$	—	$	7,231
Investing Activities:
Net transactions with affiliates	3,908			(135		)	119			140			(4,032		)	—		—
Capital expenditures	(2		)	—			—			—			(2,090		)	—		(2,092		)
Cash paid for intangible assets	(1		)	—			—			—			(546		)	—		(547		)
Acquisitions and construction of real estate properties	(13		)	—			—			—			(3		)	—		(16		)
Construction of Universal Beijing Resort	—			—			—			—			(220		)	—		(220		)
Acquisitions, net of cash acquired	—			—			—			—			(48		)	—		(48		)
Proceeds from sales of investments	—			—			—			—			37			—		37
Purchases of investments	(13		)	—			—			(58		)	(368		)	—		(439		)
Other	—			—			—			—			99			—		99
Net cash provided by (used in) investing activities	3,879			(135		)	119			82			(7,171		)	—		(3,226		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	—			—			—			—			(1,288		)	—		(1,288		)
Proceeds from borrowings	—			—			—			—			222			—		222
Repurchases and repayments of debt	(2,000		)	—			—			(5		)	(79		)	—		(2,084		)
Repurchases of common stock under repurchase program and employee plans	(247		)	—			—			—			—			—		(247		)
Dividends paid	(869		)	—			—			—			—			—		(869		)
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(85		)	—		(85		)
Other	(3		)	—			—			—			29			—		26
Net cash provided by (used in) financing activities	(3,119		)	—			—			(5		)	(1,201		)	—		(4,325		)
Impact of foreign currency on cash, cash equivalents and restricted cash	(1		)	—			—			—			9			—		8
Increase (decrease) in cash, cash equivalents and restricted cash	—			—			—			(202		)	(110		)	—		(312		)
Cash, cash equivalents and restricted cash, beginning of period	—			—			—			416			3,493			—		3,909
Cash, cash equivalents and restricted cash, end of period	$	—		$	—		$	—		$	214		$	3,383		$	—	$	3,597

Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2018

(in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities	$	(270	)	$	453		$	(149	)	$	(382	)	$	5,822		$	—	$	5,474
Investing Activities:
Net transactions with affiliates	640			(897		)	149			347			(239		)	—		—
Capital expenditures	—			—			—			—			(1,973		)	—		(1,973		)
Cash paid for intangible assets	(2		)	—			—			—			(417		)	—		(419		)
Acquisitions and construction of real estate properties	(39		)	—			—			—			(20		)	—		(59		)
Construction of Universal Beijing Resort	—			—			—			—			(42		)	—		(42		)
Acquisitions, net of cash acquired	—			—			—			—			(89		)	—		(89		)
Proceeds from sales of investments	—			—			—			57			24			—		81
Purchases of investments	(11		)	—			—			(5		)	(204		)	—		(220		)
Other	—			444			—			—			(15		)	—		429
Net cash provided by (used in) investing activities	588			(453		)	149			399			(2,975		)	—		(2,292		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	(902		)	—			—			—			—			—		(902		)
Proceeds from borrowings	3,973			—			—			—			70			—		4,043
Repurchases and repayments of debt	(900		)	—			—			(3		)	(362		)	—		(1,265		)
Repurchases of common stock under repurchase program and employee plans	(1,729		)	—			—			—			—			—		(1,729		)
Dividends paid	(738		)	—			—			—			—			—		(738		)
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(79		)	—		(79		)
Other	(22		)	—			—			—			116			—		94
Net cash provided by (used in) financing activities	(318		)	—			—			(3		)	(255		)	—		(576		)
Increase (decrease) in cash, cash equivalents and restricted cash	—			—			—			14			2,592			—		2,606
Cash, cash equivalents and restricted cash, beginning of period	—			—			—			496			3,075			—		3,571
Cash, cash equivalents and restricted cash, end of period	$	—		$	—		$	—		$	510		$	5,667		$	—	$	6,177

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

March 31, 2019

(in millions)	Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Assets
Cash and cash equivalents	$	—	$	—	$	—	$	214	$	3,284	$	—		$	3,498
Receivables, net	—		—		—		—		10,736		—			10,736
Programming rights	—		—		—		—		2,942		—			2,942
Other current assets	72		25		—		26		2,974		—			3,097
Total current assets	72		25		—		240		19,936		—			20,273
Film and television costs	—		—		—		—		8,051		—			8,051
Investments	280		11		147		895		7,826		—			9,159
Investments in and amounts due from subsidiaries eliminated upon consolidation	158,868		147,534		129,829		56,005		98,613		(590,849		)	—
Property and equipment, net	663		—		—		—		45,058		—			45,721
Franchise rights	—		—		—		—		59,365		—			59,365
Goodwill	—		—		—		—		68,073		—			68,073
Other intangible assets, net	10		—		—		—		36,892		—			36,902
Other noncurrent assets, net	1,163		233		—		93		7,642		(486		)	8,645
Total assets	$	161,056	$	147,803	$	129,976	$	57,233	$	351,456	$	(591,335	)	$	256,189
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	—	$	—	$	—	$	—	$	10,232	$	—		$	10,232
Accrued participations and residuals	—		—		—		—		1,739		—			1,739
Deferred revenue	—		—		—		—		2,485		—			2,485
Accrued expenses and other current liabilities	2,405		149		245		438		5,595		—			8,832
Current portion of long-term debt	2,099		—		—		7		2,523		—			4,629
Total current liabilities	4,504		149		245		445		22,574		—			27,917
Long-term debt, less current portion	78,460		149		2,100		7,756		15,999		—			104,464
Deferred income taxes	—		324		—		67		27,980		(552		)	27,819
Other noncurrent liabilities	3,133		—		—		1,579		14,033		66			18,811
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,316		—			1,316
Equity:
Common stock	54		—		—		—		—		—			54
Other shareholders’ equity	74,905		147,181		127,631		47,386		268,651		(590,849		)	74,905
Total Comcast Corporation shareholders’ equity	74,959		147,181		127,631		47,386		268,651		(590,849		)	74,959
Noncontrolling interests	—		—		—		—		903		—			903
Total equity	74,959		147,181		127,631		47,386		269,554		(590,849		)	75,862
Total liabilities and equity	$	161,056	$	147,803	$	129,976	$	57,233	$	351,456	$	(591,335	)	$	256,189

Condensed Consolidating Balance Sheet

December 31, 2018

(in millions)	Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Assets
Cash and cash equivalents	$	—	$	—	$	—	$	416	$	3,398	$	—		$	3,814
Receivables, net	—		—		—		—		11,104		—			11,104
Programming rights	—		—		—		—		3,746		—			3,746
Other current assets	66		20		—		28		3,070		—			3,184
Total current assets	66		20		—		444		21,318		—			21,848
Film and television costs	—		—		—		—		7,837		—			7,837
Investments	270		11		143		790		6,669		—			7,883
Investments in and amounts due from subsidiaries eliminated upon consolidation	157,264		147,028		130,214		53,853		97,872		(586,231		)	—
Property and equipment, net	670		—		—		—		43,767		—			44,437
Franchise rights	—		—		—		—		59,365		—			59,365
Goodwill	—		—		—		—		66,154		—			66,154
Other intangible assets, net	11		—		—		—		38,347		—			38,358
Other noncurrent assets, net	1,057		208		—		85		4,910		(458		)	5,802
Total assets	$	159,338	$	147,267	$	130,357	$	55,172	$	346,239	$	(586,689	)	$	251,684
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	2	$	—	$	—	$	—	$	8,492	$	—		$	8,494
Accrued participations and residuals	—		—		—		—		1,808		—			1,808
Deferred revenue	—		—		—		—		2,182		—			2,182
Accrued expenses and other current liabilities	2,357		150		360		282		7,572		—			10,721
Current portion of long-term debt	699		—		—		4		3,695		—			4,398
Total current liabilities	3,058		150		360		286		23,749		—			27,603
Long-term debt, less current portion	81,661		146		2,100		7,748		15,690		—			107,345
Deferred income taxes	—		314		—		65		27,734		(524		)	27,589
Other noncurrent liabilities	3,006		—		—		1,201		11,056		66			15,329
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,316		—			1,316
Equity:
Common stock	54		—		—		—		—		—			54
Other shareholders’ equity	71,559		146,657		127,897		45,872		265,805		(586,231		)	71,559
Total Comcast Corporation shareholders’ equity	71,613		146,657		127,897		45,872		265,805		(586,231		)	71,613
Noncontrolling interests	—		—		—		—		889		—			889
Total equity	71,613		146,657		127,897		45,872		266,694		(586,231		)	72,502
Total liabilities and equity	$	159,338	$	147,267	$	130,357	$	55,172	$	346,239	$	(586,689	)	$	251,684