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Financial Data by Business Segment
 6 Months Ended
Jun. 30, 2016
Financial Data by Business Segment

Note 13: Financial Data by Business Segment

We present our operations in five reportable business segments:

• Cable Communications: Consists of the operations of Comcast Cable, which is one of the nation’s largest providers of video, high-speed Internet and voice services to residential customers under the XFINITY brand; we also provide these and other services to business customers and sell advertising.

• Cable Networks: Consists primarily of our national cable networks, our regional sports and news networks, our international cable networks and our cable television studio production operations.

• Broadcast Television: Consists primarily of the NBC and Telemundo broadcast networks, our NBC and Telemundo owned local broadcast television stations, the NBC Universo national cable network, and our broadcast television studio production operations.

• Filmed Entertainment: Consists primarily of the operations of Universal Pictures, which produces, acquires, markets and distributes filmed entertainment worldwide.

• Theme Parks: Consists primarily of our Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan.

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 June 30, 2016
(in millions)Revenue(g)Operating Income (Loss) Before Depreciation and Amortization(h)Depreciation and AmortizationOperating Income (Loss)Capital Expenditures
Cable Communications(a)(b)$12,444$5,048$1,904$3,144$1,881
NBCUniversal
Cable Networks2,5669441877577
Broadcast Television2,1283943036430
Filmed Entertainment1,3515612445
Theme Parks(d)1,136469145324240
Headquarters and Other(e)6(175)91(266)78
Eliminations(f)(84)1-1-
NBCUniversal7,1031,6894651,224360
Corporate and Other(b)180(291)20(311)30
Eliminations(d)(f)(458)9-9-
Comcast Consolidated$19,269$6,455$2,389$4,066$2,271
Three Months Ended June 30, 2015
(in millions)Revenue(g)Operating Income (Loss) Before Depreciation and Amortization(h)Depreciation and AmortizationOperating Income (Loss)Capital Expenditures
Cable Communications(a)(b)$11,740$4,777$1,732$3,045$1,678
NBCUniversal
Cable Networks2,4508722116615
Broadcast Television1,8132313020114
Filmed Entertainment2,26642264164
Theme Parks(d)77333476258166
Headquarters and Other(e)3(169)82(251)83
Eliminations(f)(75)2-2-
NBCUniversal7,2301,6924051,287272
Corporate and Other(b)164(231)24(255)21
Eliminations(d)(f)(391)28-28-
Comcast Consolidated$18,743$6,266$2,161$4,105$1,971

Six Months Ended June 30, 2016
(in millions)Revenue(g)Operating Income (Loss) Before Depreciation and Amortization(h)Depreciation and AmortizationOperating Income (Loss)Capital Expenditures
Cable Communications(a)(b)$24,648$9,937$3,747$6,190$3,457
NBCUniversal
Cable Networks5,0191,9003771,5238
Broadcast Television4,2126786261649
Filmed Entertainment2,734223202038
Theme Parks(d)2,162844243601440
Headquarters and Other(e)9(335)177(512)150
Eliminations(f)(172)1-1-
NBCUniversal13,9643,3118792,432655
Corporate and Other(b)379(445)41(486)44
Eliminations(d)(f)(932)19-19-
Comcast Consolidated$38,059$12,822$4,667$8,155$4,156
Six Months Ended June 30, 2015
(in millions)Revenue(g)Operating Income (Loss) Before Depreciation and Amortization(h)Depreciation and AmortizationOperating Income (Loss)Capital Expenditures
Cable Communications(a)(b)$23,181$9,435$3,412$6,023$3,124
NBCUniversal
Cable Networks4,8091,7703951,37511
Broadcast Television(c)4,0614135935425
Filmed Entertainment3,712715117045
Theme Parks(d)1,424578142436328
Headquarters and Other(e)7(309)162(471)171
Eliminations(f)(179)----
NBCUniversal13,8343,1677692,398540
Corporate and Other(b)357(440)46(486)33
Eliminations(d)(f)(776)60-60-
Comcast Consolidated$36,596$12,222$4,227$7,995$3,697

(a) For the three and six months ended June 30, 2016 and 2015, Cable Communications segment revenue was derived from the following sources:

Three Months EndedSix Months Ended
June 30June 30
2016201520162015
Residential:
Video44.9%46.3%45.1%46.4%
High-speed Internet27.1%26.4%27.0%26.5%
Voice7.2%7.7%7.3%7.8%
Business services10.9%9.9%10.8%9.8%
Advertising4.8%4.9%4.7%4.6%
Other5.1%4.8%5.1%4.9%
Total100%100%100%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 and six months ended June 30, 2016 and 2015, 2.8% of Cable Communications segment revenue was derived from franchise and other regulatory fees.

(b) Beginning in the first quarter of 2016, certain operations and businesses, including several strategic business initiatives, that were previously presented in Corporate and Other are now presented in our Cable Communications segment to reflect a change in our management reporting presentation. For segment reporting purposes, we have adjusted all periods presented to reflect this change.

(c) The revenue and operating costs and expenses associated with our broadcast of the 2015 Super Bowl were reported in our Broadcast Television segment.

(d) Beginning in the fourth quarter of 2015, we changed our method of accounting for a contractual obligation that involves an interest in the revenue of certain theme parks. As a result of the change, amounts payable based on current period revenue are presented in operating costs and expenses. Amounts paid through the third quarter of 2015 were included in other income (expense), net in our consolidated statement of income. For segment reporting purposes, we have adjusted periods prior to the fourth quarter of 2015 to reflect management reporting presentation for this expense on a consistent basis for all periods in the Theme Parks segment and total NBCUniversal, which resulted in a corresponding offsetting adjustment in Eliminations to reconcile to consolidated totals.

(e) NBCUniversal Headquarters and Other activities include costs associated with overhead, personnel costs and headquarter initiatives.

(f) 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 segment generates revenue by selling programming to our Cable Communications segment, which represents a substantial majority of the revenue elimination amount • our Broadcast Television segment generates revenue from the fees received under retransmission consent agreements with our Cable Communications segment • 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

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

(h) We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses on 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 that of 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 (loss) attributable to Comcast Corporation, net cash provided by operating activities, or other measures of performance or liquidity we have reported in accordance with GAAP.
NBCUniversal Media LLC [Member]  
Financial Data by Business Segment

Note 11: Financial Data by Business Segment

We present our operations in four reportable business segments:

• Cable Networks: Consists primarily of our national cable networks, our regional sports and news networks, our international cable networks and our cable television studio production operations.

• Broadcast Television: Consists primarily of the NBC and Telemundo broadcast networks, our NBC and Telemundo owned local broadcast television stations, the NBC Universo national cable network, and our broadcast television studio production operations.

• Filmed Entertainment: Consists primarily of the operations of Universal Pictures, which produces, acquires, markets and distributes filmed entertainment worldwide.

• Theme Parks: Consists primarily of our Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan.

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 June 30, 2016
(in millions)Revenue(e)Operating Income (Loss) Before Depreciation and Amortization(f)Depreciation and AmortizationOperating Income (Loss)Capital Expenditures
Cable Networks$2,566$944$187$757$7
Broadcast Television2,1283943036430
Filmed Entertainment1,3515612445
Theme Parks(b)1,136469145324240
Headquarters and Other(c)6(175)91(266)78
Eliminations(b)(d)(84)1-1-
Total$7,103$1,689$465$1,224$360
Three Months Ended June 30, 2015
(in millions)Revenue(e)Operating Income (Loss) Before Depreciation and Amortization(f)Depreciation and AmortizationOperating Income (Loss)Capital Expenditures
Cable Networks$2,450$872$211$661$5
Broadcast Television1,8132313020114
Filmed Entertainment2,26642264164
Theme Parks(b)77333476258166
Headquarters and Other(c)3(169)82(251)83
Eliminations(b)(d)(75)22-22-
Total$7,230$1,712$405$1,307$272

Six Months Ended June 30, 2016
(in millions)Revenue(e)Operating Income (Loss) Before Depreciation and Amortization(f)Depreciation and AmortizationOperating Income (Loss)Capital Expenditures
Cable Networks$5,019$1,900$377$1,523$8
Broadcast Television4,2126786261649
Filmed Entertainment2,734223202038
Theme Parks(b)2,162844243601440
Headquarters and Other(c)9(335)177(512)150
Eliminations(b)(d)(172)1-1-
Total$13,964$3,311$879$2,432$655
Six Months Ended June 30, 2015
(in millions)Revenue(e)Operating Income (Loss) Before Depreciation and Amortization(f)Depreciation and AmortizationOperating Income (Loss)Capital Expenditures
Cable Networks$4,809$1,770$395$1,375$11
Broadcast Television(a)4,0614135935425
Filmed Entertainment3,712715117045
Theme Parks(b)1,424578142436328
Headquarters and Other(c)7(309)162(471)171
Eliminations(b)(d)(179)39-39-
Total$13,834$3,206$769$2,437$540

(a) The revenue and operating costs and expenses associated with our broadcast of the 2015 Super Bowl were reported in our Broadcast Television segment.

(b) Beginning in the fourth quarter of 2015, we changed our method of accounting for a contractual obligation that involves an interest in the revenue of certain theme parks. As a result of the change, amounts payable based on current period revenue are presented in operating costs and expenses. Amounts paid through the third quarter of 2015 were included in other income (expense), net in our consolidated statement of income. For segment reporting purposes, we have adjusted periods prior to the fourth quarter of 2015 to reflect management reporting presentation for this expense on a consistent basis for all periods in the Theme Parks segment, which resulted in a corresponding offsetting adjustment in Eliminations to reconcile to consolidated totals.

(c) Headquarters and Other activities include costs associated with overhead, personnel costs and headquarter initiatives.

(d) Included in Eliminations are transactions that our segments enter into with one another, which consist primarily of the licensing of film and television content from our Filmed Entertainment and Broadcast Television segments to our Cable Networks segment.

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

(f) We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses on 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 amortization expense that results 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 that of 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 (loss) attributable to NBCUniversal, net cash provided by operating activities, or other measures of performance or liquidity we have reported in accordance with GAAP.