Supplemental Financial Information

3 Months Ended

Mar. 31, 2012

Supplemental Financial Information [Abstract]

Note 12: Supplemental Financial Information

Receivables
		March 31,		December 31,
(in millions)		2012		2011
Receivables, gross	$	4,880	$	4,978
Less: Allowance for returns and customer incentives		333		425
Less: Allowance for doubtful accounts		168		202
Receivables, net	$	4,379	$	4,351

Accumulated Other Comprehensive Income (Loss)
		March 31,		March 31,
(in millions)		2012		2011
Unrealized gains (losses) on marketable securities	$	22	$	24
Deferred gains (losses) on cash flow hedges		(107)		(106)
Unrecognized gains (losses) on employee benefit obligations		(58)		(16)
Cumulative translation adjustments		(5)		1
Accumulated other comprehensive income (loss), net of deferred taxes	$	(148)	$	(97)

Operating Costs and Expenses
	Three Months Ended
	March 31
(in millions)		2012		2011
Programming and production	$	4,737	$	3,271
Cable Communications technical labor		588		593
Cable Communications customer service		494		469
Advertising, marketing and promotion		1,203		980
Other		3,168		2,749
Operating costs and expenses (excluding depreciation and amortization)	$	10,190	$	8,062

Net Cash Provided by Operating Activities
			Three Months Ended
			March 31
(in millions)			2012		2011
Net income		$	1,447	$	1,039
Adjustments to reconcile net income to net cash provided by operating activities:
	Depreciation and amortization		1,930		1,842
	Amortization of film and television costs		2,153		1,184
	Share-based compensation		89		84
	Noncash interest expense (income), net		48		40
	Equity in net (income) losses of investees, net		(3)		37
	Cash received from investees		73		98
	Net (gain) loss on investment activity and other		(74)		(85)
	Deferred income taxes		(59)		130
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures:
	Change in receivables, net		(30)		725
	Change in film and television costs		(2,061)		(1,466)
	Change in accounts payable and accrued expenses related to trade creditors		169		(131)
	Change in other operating assets and liabilities		711		(29)
Net cash provided by operating activities		$	4,393	$	3,468

Cash Payments for Interest and Income Taxes
	Three Months Ended
	March 31
(in millions)		2012		2011
Interest	$	614	$	657
Income taxes	$	118	$	74

Noncash Investing and Financing Activities

During the three months ended March 31, 2012, we:

• acquired $476 million of property and equipment and intangible assets that were accrued but unpaid, which is a noncash investing activity

• recorded a liability of $439 million for a quarterly cash dividend of $0.1625 per common share paid in April 2012, which is a noncash financing activity

Unaudited Actual and Pro Forma Information

The following unaudited pro forma information has been presented as if both the NBCUniversal transaction and the Universal Orlando transaction occurred on January 1, 2010. This information is based on historical results of operations, adjusted for the allocation of purchase price and other acquisition accounting adjustments, and is not necessarily indicative of what our results would have been had we operated the businesses since January 1, 2010. No pro forma adjustments have been made for our incremental transaction-related expenses.

	Three Months Ended
	March 31
	Actual		Pro Forma
(in millions except per share amounts)		2012		2011
Revenue	$	14,878	$	13,580
Net income	$	1,447	$	1,000
Net income attributable to Comcast Corporation	$	1,224	$	916
Basic earnings per common share attributable to Comcast Corporation shareholders	$	0.45	$	0.33
Diluted earnings per common share attributable to Comcast Corporation shareholders	$	0.45	$	0.33