Condensed Consolidating Financial Information (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Statement of Income

Condensed Consolidating Statement of Income

For the Year Ended December 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	$	—		$	—		$	—		$	—		$	108,942		$	—		$	108,942
Management fee revenue	1,262			—			1,236			—			—			(2,498		)	—
Total revenue	1,262			—			1,236			—			108,942			(2,498		)	108,942
Costs and Expenses:
Programming and production	—			—			—			—			34,440			—			34,440
Other operating and administrative	801			16			1,236			957			32,295			(2,498		)	32,807
Advertising, marketing and promotion	—			—			—			—			7,617			—			7,617
Depreciation	61			—			—			—			8,602			—			8,663
Amortization	5			—			—			—			4,285			—			4,290
Other operating gains	—			—			—			—			—			—			—
Total costs and expenses	867			16			1,236			957			87,239			(2,498		)	87,817
Operating income (loss)	395			(16		)	—			(957		)	21,703			—			21,125
Interest expense	(3,511		)	(13		)	(190		)	(474		)	(379		)	—			(4,567		)
Investment and other income (loss), net	15,581			15,366			13,787			7,260			5,755			(57,311		)	438
Income (loss) before income taxes	12,465			15,337			13,597			5,829			27,079			(57,311		)	16,996
Income tax (expense) benefit	592			(9		)	40			(45		)	(4,251		)	—			(3,673		)
Net income (loss)	13,057			15,328			13,637			5,784			22,828			(57,311		)	13,323
Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			266			—			266
Net income (loss) attributable to Comcast Corporation	$	13,057		$	15,328		$	13,637		$	5,784		$	22,562		$	(57,311	)	$	13,057
Comprehensive income (loss) attributable to Comcast Corporation	$	14,472		$	15,321		$	13,641		$	5,744		$	24,210		$	(58,916	)	$	14,472

Condensed Consolidating Statement of Income

For the Year Ended December 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	$	—		$	—		$	—		$	—		$	94,507		$	—		$	94,507
Management fee revenue	1,197			—			1,175			—			—			(2,372		)	—
Total revenue	1,197			—			1,175			—			94,507			(2,372		)	94,507
Costs and Expenses:
Programming and production	—			—			—			—			29,692			—			29,692
Other operating and administrative	947			—			1,175			1,023			27,321			(2,372		)	28,094
Advertising, marketing and promotion	—			—			—			—			7,036			—			7,036
Depreciation	46			—			—			—			8,235			—			8,281
Amortization	5			—			—			—			2,731			—			2,736
Other operating gains	—			—			—			—			(341		)	—			(341		)
Total costs and expenses	998			—			1,175			1,023			74,674			(2,372		)	75,498
Operating income (loss)	199			—			—			(1,023		)	19,833			—			19,009
Interest expense	(2,644		)	(12		)	(190		)	(430		)	(266		)	—			(3,542		)
Investment and other income (loss), net	13,638			13,604			12,021			6,694			5,054			(51,236		)	(225		)
Income (loss) before income taxes	11,193			13,592			11,831			5,241			24,621			(51,236		)	15,242
Income tax (expense) benefit	538			8			40			(4		)	(3,962		)	—			(3,380		)
Net income (loss)	11,731			13,600			11,871			5,237			20,659			(51,236		)	11,862
Less: Net income loss attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			131			—			131
Net income (loss) attributable to Comcast Corporation	$	11,731		$	13,600		$	11,871		$	5,237		$	20,528		$	(51,236	)	$	11,731
Comprehensive income (loss) attributable to Comcast Corporation	$	10,908		$	13,623		$	11,873		$	5,279		$	19,553		$	(50,328	)	$	10,908

Condensed Consolidating Statement of Income

For the Year Ended December 31, 2017 (in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Revenue:
Service revenue	$	—		$	—		$	—		$	—		$	85,029		$	—		$	85,029
Management fee revenue	1,128			—			1,109			—			—			(2,237		)	—
Total revenue	1,128			—			1,109			—			85,029			(2,237		)	85,029
Costs and Expenses:
Programming and production	—			—			—			—			25,355			—			25,355
Other operating and administrative	766			—			1,109			1,044			24,767			(2,237		)	25,449
Advertising, marketing and promotion	—			—			—			—			6,519			—			6,519
Depreciation	31			—			—			—			7,883			—			7,914
Amortization	6			—			—			—			2,210			—			2,216
Other operating gains	—			—			—			—			(442		)	—			(442		)
Total costs and expenses	803			—			1,109			1,044			66,292			(2,237		)	67,011
Operating income (loss)	325			—			—			(1,044		)	18,737			—			18,018
Interest expense	(2,172		)	(12		)	(207		)	(456		)	(239		)	—			(3,086		)
Investment and other income (loss), net	24,076			21,767			19,610			6,584			5,545			(77,161		)	421
Income (loss) before income taxes	22,229			21,755			19,403			5,084			24,043			(77,161		)	15,353
Income tax (expense) benefit	506			156			71			(4		)	6,840			—			7,569
Net income (loss)	22,735			21,911			19,474			5,080			30,883			(77,161		)	22,922
Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			187			—			187
Net income (loss) attributable to Comcast Corporation	$	22,735		$	21,911		$	19,474		$	5,080		$	30,696		$	(77,161	)	$	22,735
Comprehensive income (loss) attributable to Comcast Corporation	$	22,822		$	21,909		$	19,477		$	5,054		$	30,558		$	(76,998	)	$	22,822

Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 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	$	(1,693	)	$	318		$	(119	)	$	(1,232	)	$	28,423		$	—	$	25,697
Investing Activities:
Net transactions with affiliates	10,218			(318		)	119			3,354			(13,373		)	—		—
Capital expenditures	(42		)	—			—			—			(9,911		)	—		(9,953		)
Cash paid for intangible assets	(4		)	—			—			—			(2,471		)	—		(2,475		)
Acquisitions and construction of real estate properties	(51		)	—			—			—			(3		)	—		(54		)
Construction of Universal Beijing Resort	—			—			—			—			(1,116		)	—		(1,116		)
Acquisitions, net of cash acquired	—			—			—			—			(370		)	—		(370		)
Proceeds from sales of businesses and investments	—			—			—			—			886			—		886
Purchases of investments	(36		)	—			—			(72		)	(1,791		)	—		(1,899		)
Other	—			—			—			—			140			—		140
Net cash provided by (used in) investing activities	10,085			(318		)	119			3,282			(28,009		)	—		(14,841		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	—			—			—			—			(1,288		)	—		(1,288		)
Proceeds from borrowings	4,741			—			—			—			738			—		5,479
Proceeds from collateralized obligation	—			—			—			—			5,175			—		5,175
Repurchases and repayments of debt	(8,821		)	—			—			(2,010		)	(3,523		)	—		(14,354		)
Repurchases of common stock under repurchase program and employee plans	(504		)	—			—			—			—			—		(504		)
Dividends paid	(3,735		)	—			—			—			—			—		(3,735		)
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(311		)	—		(311		)
Other	(78		)	—			—			(40		)	475			—		357
Net cash provided by (used in) financing activities	(8,397		)	—			—			(2,050		)	1,266			—		(9,181		)
Impact of foreign currency on cash, cash equivalents and restricted cash	5			—			—			—			—			—		5
Increase (decrease) in cash and cash equivalents and restricted cash	—			—			—			—			1,680			—		1,680
Cash, cash equivalents and restricted cash, beginning of year	—			—			—			416			3,493			—		3,909
Cash, cash equivalents and restricted cash, end of year	$	—		$	—		$	—		$	416		$	5,173		$	—	$	5,589

Condensed Consolidating Statement of Cash Flows  

For the Year Ended December 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	$	(2,245	)	$	126		$	(112	)	$	(1,430	)	$	27,958		$	—	$	24,297
Investing Activities:
Net transactions with affiliates	(26,179		)	(575		)	112			1,336			25,306			—		—
Capital expenditures	(27		)	—			—			—			(9,747		)	—		(9,774		)
Cash paid for intangible assets	(4		)	—			—			—			(1,931		)	—		(1,935		)
Acquisitions and construction of real estate properties	(105		)	—			—			—			(38		)	—		(143		)
Construction of Universal Beijing Resort	—			—			—			—			(460		)	—		(460		)
Acquisitions, net of cash acquired	—			—			—			—			(38,219		)	—		(38,219		)
Proceeds from sales of businesses and investments	—			—			—			68			73			—		141
Purchases of investments	(126		)	—			—			(50		)	(1,081		)	—		(1,257		)
Other	148			449			—			—			196			—		793
Net cash provided by (used in) investing activities	(26,293		)	(126		)	112			1,354			(25,901		)	—		(50,854		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	(902		)	—			—			—			1,281			—		379
Proceeds from borrowings	44,113			—			—			—			668			—		44,781
Repurchases and repayments of debt	(5,737		)	—			—			(4		)	(3,057		)	—		(8,798		)
Repurchases of common stock under repurchase program and employee plans	(5,320		)	—			—			—			—			—		(5,320		)
Dividends paid	(3,352		)	—			—			—			—			—		(3,352		)
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(277		)	—		(277		)
Other	(201		)	—			—			—			(72		)	—		(273		)
Net cash provided by (used in) financing activities	28,601			—			—			(4		)	(1,457		)	—		27,140
Impact of foreign currency on cash, cash equivalents and restricted cash	(63		)	—			—			—			(182		)	—		(245		)
Increase (decrease) in cash and cash equivalents and restricted cash	—			—			—			(80		)	418			—		338
Cash, cash equivalents and restricted cash, beginning of year	—			—			—			496			3,075			—		3,571
Cash, cash equivalents and restricted cash, end of year	$	—		$	—		$	—		$	416		$	3,493		$	—	$	3,909

Condensed Consolidating Statement of Cash Flows

For the Year Ended December 31, 2017 (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	$	151		$	15		$	(147	)	$	(1,439	)	$	22,681		$	—	$	21,261
Investing Activities:
Net transactions with affiliates	5,578			(5		)	757			1,447			(7,777		)	—		—
Capital expenditures	(12		)	—			—			—			(9,538		)	—		(9,550		)
Cash paid for intangible assets	(4		)	—			—			—			(1,601		)	—		(1,605		)
Acquisitions and construction of real estate properties	(267		)	—			—			—			(151		)	—		(418		)
Construction of Universal Beijing Resort	—			—			—			—			(71		)	—		(71		)
Acquisitions, net of cash acquired	—			—			—			—			(532		)	—		(532		)
Proceeds from sales of businesses and investments	—			—			—			14			136			—		150
Purchases of investments	(70		)	(10		)	(60		)	(62		)	(2,090		)	—		(2,292		)
Other	101			—			—			58			626			—		785
Net cash provided by (used in) investing activities	5,326			(15		)	697			1,457			(20,998		)	—		(13,533		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	(837		)	—			—			—			(1,068		)	—		(1,905		)
Proceeds from borrowings	5,997			—			—			—			5,469			—		11,466
Repurchases and repayments of debt	(2,288		)	—			(550		)	(4		)	(3,522		)	—		(6,364		)
Repurchases of common stock under repurchase program and employee plans	(5,435		)	—			—			—			—			—		(5,435		)
Dividends paid	(2,883		)	—			—			—			—			—		(2,883		)
Purchase of Universal Studios Japan noncontrolling interests	—			—			—			—			(2,299		)	—		(2,299		)
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(252		)	—		(252		)
Other	(31		)	—			—			—			131			—		100
Net cash provided by (used in) financing activities	(5,477		)	—			(550		)	(4		)	(1,541		)	—		(7,572		)
Increase (decrease) in cash and cash equivalents and restricted cash	—			—			—			14			142			—		156
Cash, cash equivalents and restricted cash, beginning of year	—			—			—			482			2,933			—		3,415
Cash, cash equivalents and restricted cash, end of year	$	—		$	—		$	—		$	496		$	3,075		$	—	$	3,571

Condensed Consolidating Balance Sheet

Condensed Consolidating Balance Sheet

December 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	$	—	$	—	$	—	$	416	$	5,084	$	—		$	5,500
Receivables, net	—		—		—		—		11,292		—			11,292
Programming rights	—		—		—		—		3,877		—			3,877
Other current assets	115		19		—		24		4,565		—			4,723
Total current assets	115		19		—		440		24,818		—			25,392
Film and television costs	—		—		—		—		8,933		—			8,933
Investments	270		12		156		1,085		5,466		—			6,989
Investment securing collateralized obligation	—		—		—		—		694		—			694
Investments in and amounts due from subsidiaries eliminated upon consolidation	164,754		152,179		135,536		55,472		92,925		(600,866		)	—
Property and equipment, net	660		—		—		—		47,662		—			48,322
Goodwill	—		—		—		—		68,725		—			68,725
Franchise rights	—		—		—		—		59,365		—			59,365
Other intangible assets, net	9		—		—		—		36,119		—			36,128
Other noncurrent assets, net	1,058		327		—		97		7,919		(535		)	8,866
Total assets	$	166,866	$	152,537	$	135,692	$	57,094	$	352,626	$	(601,401	)	$	263,414
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	58	$	—	$	—	$	—	$	10,768	$	—		$	10,826
Accrued participations and residuals	—		—		—		—		1,730		—			1,730
Deferred revenue	—		—		—		—		2,768		—			2,768
Accrued expenses and other current liabilities	2,333		245		388		380		7,170		—			10,516
Current portion of long-term debt	2,731		—		—		7		1,714		—			4,452
Total current liabilities	5,122		245		388		387		24,150		—			30,292
Long-term debt, less current portion	75,786		154		2,100		5,752		13,973		—			97,765
Collateralized obligation	—		—		—		—		5,166		—			5,166
Deferred income taxes	—		350		—		67		28,298		(535		)	28,180
Other noncurrent liabilities	3,232		145		—		1,634		11,754		—			16,765
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,372		—			1,372
Equity:
Common stock	54		—		—		—		—		—			54
Other shareholders’ equity	82,672		151,643		133,204		49,254		266,765		(600,866		)	82,672
Total Comcast Corporation shareholders’ equity	82,726		151,643		133,204		49,254		266,765		(600,866		)	82,726
Noncontrolling interests	—		—		—		—		1,148		—			1,148
Total equity	82,726		151,643		133,204		49,254		267,913		(600,866		)	83,874
Total liabilities and equity	$	166,866	$	152,537	$	135,692	$	57,094	$	352,626	$	(601,401	)	$	263,414

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
Goodwill	—		—		—		—		66,154		—			66,154
Franchise Rights	—		—		—		—		59,365		—			59,365
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