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Financial Data by Business Segment
 3 Months Ended
Mar. 31, 2012
Financial Data By Business Segment [Abstract]  
Financial Data by Business Segment

Note 15: Financial Data by Business Segment

We present our operations in five reportable business segments:

  • Cable Communications: Provides video, high-speed Internet and voice services (“cable services”) to residential and business customers in 39 states and the District of Columbia.
  • Cable Networks: Consists primarily of our national cable television networks, our regional sports and news networks, our international cable networks, our cable television production studio, and our related digital media properties.
  • Broadcast Television: Consists primarily of our NBC and Telemundo broadcast networks, our NBC and Telemundo owned local television stations, our broadcast television production operations, and our related digital media properties.
  • Filmed Entertainment: Consists of the operations of Universal Pictures, which produces, acquires, markets and distributes filmed entertainment and stage plays worldwide.
  • Theme Parks: Consists primarily of our Universal theme parks in Orlando and Hollywood.

In evaluating the profitability of our operating segments, the components of net income (loss) below operating income (loss) before depreciation and amortization are not separately evaluated by our management. Our financial data by business segment is presented in the tables below.

  Three Months Ended March 31, 2012
(in millions) Revenue(f) Operating Income (Loss) Before Depreciation and Amortization(g) Depreciation and Amortization Operating Income (Loss) Capital Expenditures
Cable Communications(a)$ 9,599$ 3,955$ 1,602$ 2,353$ 1,056
NBCUniversal          
 Cable Networks  2,138  805  178  627  9
 Broadcast Television  1,851  (10)  21  (31)  8
 Filmed Entertainment  1,192  6  4  2  1
 Theme Parks  412  157  62  95  47
 Headquarters and Other(d)  12  (146)  48  (194)  46
 Eliminations(e)  (133)  1  (1)  2  -
NBCUniversal  5,472  813  312  501  111
Corporate and Other  174  (64)  14  (78)  7
Eliminations(e)  (367)  (16)  2  (18)  -
Comcast Consolidated$ 14,878$ 4,688$ 1,930$ 2,758$ 1,174
            
  Three Months Ended March 31, 2011
(in millions) Revenue(f) Operating Income (Loss) Before Depreciation and Amortization(g) Depreciation and Amortization Operating Income (Loss) Capital Expenditures
Cable Communications(a)$ 9,084$ 3,749$ 1,621$ 2,128$ 1,053
NBCUniversal          
 Cable Networks(b)  1,632  665  153  512  12
 Broadcast Television  888  35  21  14  5
 Filmed Entertainment  622  (143)  4  (147)  1
 Theme Parks(c)  275  97  28  69  12
 Headquarters and Other(d)  11  (96)  22  (118)  17
 Eliminations(e)  (285)  (100)  (22)  (78)  -
NBCUniversal  3,143  458  206  252  47
Corporate and Other  188  (141)  16  (157)  6
Eliminations(e)  (287)  -  (1)  1  -
Comcast Consolidated$ 12,128$ 4,066$ 1,842$ 2,224$ 1,106

(a) For the three months ended March 31, 2012 and 2011, Cable Communications segment revenue was derived from the following sources:

  Three Months Ended
  March 31
  2012 2011 
Residential:    
 Video51.8%53.8%
 High-speed Internet24.2%23.2%
 Voice9.1%9.5%
Business services5.6%4.3%
Advertising5.0%5.0%
Other4.3%4.2%
Total100%100%

Subscription revenue received from customers who purchase bundled services at a discounted rate is allocated proportionally to each service based on the individual service's price on a stand-alone basis. For both the three months ended March 31, 2012 and 2011, 2.8% of Cable Communications revenue was derived from franchise and other regulatory fees.

(b)       For the three months ended March 31, 2011, our Cable Networks segment included the results of operations of the businesses we contributed to NBCUniversal, as well as the results of operations of the NBCUniversal contributed cable networks for the period January 29, 2011 through March 31, 2011.

(c)       For the three months ended March 31, 2011, our Theme Parks segment included the results of operations for Universal Orlando for the period January 29, 2011 through March 31, 2011 to reflect our measure of operating performance for our Theme Parks segment.

(d)       NBCUniversal Headquarters and Other activities included costs and expenses associated with overhead, employee benefits and headquarter initiatives.

(e)       NBCUniversal eliminations for the three months ended March 31, 2011 included the elimination of the results of operations for Universal Orlando for the period January 29, 2011 through March 31, 2011. These results were not included in our consolidated results of operations for the period January 29, 2011 through March 31, 2011 because we recorded Universal Orlando as an equity method investment.

Also included in Eliminations are transactions that our segments enter into with one another. The most common types of transactions are the following:

•       our Cable Networks and Broadcast Television segments generate revenue by selling programming to our Cable Communications segment, which represents a substantial majority of the revenue elimination amount

•       our Cable Communications segment receives incentives offered by our Cable Networks segment in connection with its distribution of the Cable Networks' content, which are recorded as a reduction to programming expenses

•       our Cable Communications segment generates revenue by selling advertising and by selling the use of satellite feeds to our Cable Networks segment

• our Filmed Entertainment and Broadcast Television segments generate revenue by licensing content to our Cable Networks segment

(f)       No single customer accounted for a significant amount of our revenue in any period.

(g)       We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses from the sale of assets, if any, as the measure of profit or loss for our operating segments. This measure eliminates the significant level of noncash depreciation and amortization expense that results from the capital-intensive nature of certain of our businesses and from intangible assets recognized in business combinations. Additionally, it is unaffected by our capital structure or investment activities. We use this measure to evaluate our consolidated operating performance and the operating performance of our operating segments and to allocate resources and capital to our operating segments. It is also a significant performance measure in our annual incentive compensation programs. We believe that this measure is useful to investors because it is one of the bases for comparing our operating performance with other companies in our industries, although our measure may not be directly comparable to similar measures used by other companies. This measure should not be considered a substitute for operating income (loss), net income attributable to Comcast Corporation, net cash provided by operating activities, or other measures of performance or liquidity we have reported in accordance with GAAP.