Balance Sheet Comcast Corporation

Equities

CMCSA

US20030N1019

Wireless Telecommunications Services

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Published financial data: COMCAST CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	109B	104B	116B	121B	122B
Total Revenues	109B	104B	116B	121B	122B
Cost of Goods Sold, Total	34.44B	33.12B	38.45B	38.21B	36.76B
Gross Profit	74.5B	70.44B	77.94B	83.21B	84.81B
Selling General & Admin Expenses, Total	40.42B	39.85B	43.31B	46.77B	47.16B
Depreciation & Amortization - (IS)	8.66B	8.32B	8.63B	8.72B	8.85B
Amortization of Goodwill and Intangible Assets - (IS)	4.29B	4.78B	5.18B	5.1B	5.48B
Other Operating Expenses, Total	53.38B	52.95B	57.12B	60.59B	61.5B
Operating Income	21.12B	17.49B	20.82B	22.62B	23.31B
Interest Expense, Total	-4.57B	-4.59B	-4.28B	-3.9B	-4.09B
Interest And Investment Income	158M	-	-	-	-
Net Interest Expenses	-4.41B	-4.59B	-4.28B	-3.9B	-4.09B
Income (Loss) On Equity Invest.	-505M	-113M	2.01B	-537M	789M
Other Non Operating Income (Expenses)	-	259M	212M	-4M	592M
EBT, Excl. Unusual Items	16.21B	13.05B	18.75B	18.19B	20.61B
Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-8.1B	-
Gain (Loss) On Sale Of Investments	785M	1.01B	339M	-320M	-130M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-485M	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	17B	14.06B	19.09B	9.28B	20.48B
Income Tax Expense	3.67B	3.36B	5.26B	4.36B	5.37B
Earnings From Continuing Operations	13.32B	10.7B	13.83B	4.92B	15.11B
Net Income to Company	13.32B	10.7B	13.83B	4.92B	15.11B
Minority Interest	-266M	-167M	325M	445M	282M
Net Income - (IS)	13.06B	10.53B	14.16B	5.37B	15.39B
Net Income to Common Incl Extra Items	13.06B	10.53B	14.16B	5.37B	15.39B
Net Income to Common Excl. Extra Items	13.06B	10.53B	14.16B	5.37B	15.39B
Per Share Items
Net EPS - Basic	2.87	2.3	3.09	1.22	3.73
Basic EPS - Continuing Operations	2.87	2.3	3.09	1.22	3.73
Basic Weighted Average Shares Outstanding	4.55B	4.57B	4.58B	4.41B	4.12B
Net EPS - Diluted	2.83	2.28	3.04	1.21	3.71
Diluted EPS - Continuing Operations	2.83	2.28	3.04	1.21	3.71
Diluted Weighted Average Shares Outstanding	4.61B	4.62B	4.65B	4.43B	4.15B
Normalized Basic EPS	2.17	1.75	2.63	2.68	3.19
Normalized Diluted EPS	2.14	1.73	2.59	2.67	3.17
Dividend Per Share	0.84	0.92	1	1.08	1.16
Payout Ratio	28.61	39.3	32.01	88.29	30.97
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	34.08B	30.59B	34.62B	36.44B	37.65B
EBITA	25.42B	22.27B	25.99B	27.72B	28.8B
EBIT	21.12B	17.49B	20.82B	22.62B	23.31B
EBITDAR	35.18B	31.69B	35.82B	37.64B	38.85B
Effective Tax Rate - (Ratio)	21.61	23.92	27.54	46.95	26.23
Current Domestic Taxes	2.51B	3.66B	3.02B	4.99B	7.86B
Current Foreign Taxes	600M	254M	343M	207M	249M
Total Current Taxes	3.11B	3.91B	3.37B	5.19B	8.11B
Deferred Domestic Taxes	887M	-182M	1.76B	-764M	-2.59B
Deferred Foreign Taxes	-324M	-368M	133M	-70M	-145M
Total Deferred Taxes	563M	-550M	1.89B	-834M	-2.74B
Normalized Net Income	9.87B	7.99B	12.05B	11.81B	13.16B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	-	-	4.28B	3.9B	4.09B
Non-Cash Pension Expense	-	-	-	-	-
Supplemental Operating Expense Items
Advertising Expense	7.62B	6.74B	7.7B	8.51B	-
Marketing Expenses	-	-	-	-	7.97B
Selling and Marketing Expenses	7.62B	6.74B	7.7B	8.51B	7.97B
Net Rental Expense, Total	1.1B	1.1B	1.2B	1.2B	1.2B
Imputed Operating Lease Interest Expense	359M	358M	373M	350M	373M
Imputed Operating Lease Depreciation	741M	742M	827M	850M	827M
Stock-Based Comp., Other (Total)	1.02B	1.19B	1.32B	1.34B	1.24B
Total Stock-Based Compensation	1.02B	1.19B	1.32B	1.34B	1.24B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.5B	11.74B	8.71B	4.75B	6.22B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	5.5B	11.74B	8.71B	4.75B	6.22B
Accounts Receivable, Total	11.29B	11.47B	12.01B	12.67B	13.81B
Total Receivables	11.29B	11.47B	12.01B	12.67B	13.81B
Restricted Cash	42M	14M	56M	21M	-
Other Current Assets, Total	8.56B	3.52B	4.03B	4.38B	3.96B
Total Current Assets	25.39B	26.74B	24.81B	21.83B	23.99B
Gross Property Plant And Equipment	106B	110B	116B	118B	124B
Accumulated Depreciation	-53.24B	-54.39B	-55.61B	-56.9B	-58.7B
Net Property Plant And Equipment	52.36B	55.78B	60.51B	61.48B	65.47B
Long-term Investments	6.99B	7.82B	8.08B	7.25B	8.52B
Goodwill	68.72B	70.67B	70.19B	58.49B	59.27B
Other Intangibles, Total	95.49B	94.75B	92.94B	88.67B	87.23B
Accounts Receivable Long-Term	-	-	-	-	1.22B
Deferred Charges Long-Term	1.08B	1.06B	1.09B	1.08B	1.09B
Other Long-Term Assets, Total	13.37B	17.05B	18.27B	18.47B	18.02B
Total Assets	263B	274B	276B	257B	265B
Liabilities
Accounts Payable, Total	10.83B	11.36B	12.46B	12.54B	12.44B
Accrued Expenses, Total	8.1B	8.9B	9.13B	8.78B	10.86B
Current Portion of Long-Term Debt	4.27B	2.94B	2.13B	1.74B	2.07B
Current Portion of Leases	896M	928M	766M	675M	748M
Unearned Revenue Current, Total	2.77B	2.96B	3.04B	2.38B	12.41B
Other Current Liabilities	3.43B	1.71B	1.82B	1.77B	1.67B
Total Current Liabilities	30.29B	28.8B	29.35B	27.89B	40.2B
Long-Term Debt	102B	105B	96.18B	96.44B	93.02B
Long-Term Leases	4.5B	4.53B	8.19B	7.91B	7.84B
Unearned Revenue Non Current	618M	750M	695M	735M	618M
Deferred Tax Liability Non Current	28.18B	28.05B	30.04B	28.71B	26B
Other Non Current Liabilities	12.26B	13.73B	13.45B	13.55B	13.67B
Total Liabilities	178B	181B	178B	175B	181B
Common Stock, Total	54M	54M	54M	51M	48M
Additional Paid In Capital	38.45B	39.46B	40.17B	39.41B	38.53B
Retained Earnings	50.7B	56.44B	61.9B	51.61B	52.89B
Treasury Stock	-7.52B	-7.52B	-7.52B	-7.52B	-7.52B
Comprehensive Income and Other	1.05B	1.88B	1.48B	-2.61B	-1.25B
Total Common Equity	82.73B	90.32B	96.09B	80.94B	82.7B
Minority Interest	2.52B	2.7B	1.92B	1.1B	764M
Total Equity	85.25B	93.02B	98.01B	82.04B	83.47B
Total Liabilities And Equity	263B	274B	276B	257B	265B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	4.55B	4.58B	4.53B	4.22B	3.97B
ECS Total Common Shares Outstanding	4.55B	4.58B	4.53B	4.22B	3.98B
Book Value / Share	18.17	19.72	21.2	19.18	20.79
Tangible Book Value	-81.49B	-75.1B	-67.04B	-66.22B	-63.8B
Tangible Book Value Per Share	-17.9	-16.4	-14.79	-15.69	-16.03
Total Debt	112B	113B	107B	107B	104B
Net Debt	106B	102B	98.55B	102B	97.46B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-	-	-	-	-
Debt Equivalent Oper. Leases	8.8B	8.8B	9.6B	9.6B	9.6B
Minority Interest, Total (Incl. Fin. Div)	2.52B	2.7B	1.92B	1.1B	764M
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	1.48B	1.85B	1.72B	1.7B	2.2B
Buildings, Total	15.1B	15.88B	20.26B	20.1B	20.9B
Machinery, Total	79.73B	81.56B	84.55B	85.68B	88.19B
Full Time Employees	190K	168K	189K	186K	186K
Accumulated Allowance for Doubtful Accounts (Supple)	419M	807M	658M	736M	698M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	13.06B	10.53B	14.16B	5.37B	15.39B
Depreciation & Amortization - CF	8.66B	8.32B	8.63B	8.72B	8.85B
Amortization of Goodwill and Intangible Assets - (CF)	4.29B	4.78B	5.18B	5.1B	5.48B
Depreciation & Amortization, Total	12.95B	13.1B	13.8B	13.82B	14.34B
(Gain) Loss From Sale Of Asset	-20M	-970M	-1.31B	1.18B	-768M
Asset Writedown & Restructuring Costs	-	-	-	8.58B	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	1.02B	1.19B	1.32B	1.34B	1.24B
Other Operating Activities, Total	1.25B	314M	2.05B	-970M	-2.7B
Change In Accounts Receivable	-57M	-20M	-1.34B	-1.33B	-996M
Change In Accounts Payable	-347M	-266M	765M	497M	-520M
Change in Other Net Operating Assets	-2.16B	852M	-298M	-2.07B	2.52B
Cash from Operations	25.7B	24.74B	29.15B	26.41B	28.5B
Capital Expenditure	-11.07B	-10.68B	-10.15B	-10.96B	-12.38B
Cash Acquisitions	-370M	-233M	-1.37B	-12M	-
Divestitures	886M	639M	684M	1.98B	661M
Sale (Purchase) of Real Estate properties	-54M	-	-	-	-
Sale (Purchase) of Intangible assets	-2.48B	-2.91B	-2.88B	-3.14B	-3.3B
Investment in Marketable and Equity Securities, Total	-1.9B	888M	-174M	-2.27B	7.3B
Other Investing Activities, Total	140M	250M	451M	258M	558M
Cash from Investing	-14.84B	-12.05B	-13.45B	-14.14B	-7.16B
Short Term Debt Issued, Total	-	-	-	660M	-
Long-Term Debt Issued, Total	10.65B	18.64B	2.63B	2.74B	6.05B
Total Debt Issued	10.65B	18.64B	2.63B	3.4B	6.05B
Short Term Debt Repaid, Total	-1.29B	-	-	-	-660M
Long-Term Debt Repaid, Total	-14.35B	-18.78B	-11.5B	-2.31B	-4.02B
Total Debt Repaid	-15.64B	-18.78B	-11.5B	-2.31B	-4.68B
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-504M	-534M	-4.67B	-13.33B	-11.29B
Common Dividends Paid	-3.74B	-4.14B	-4.53B	-4.74B	-4.77B
Common & Preferred Stock Dividends Paid	-3.74B	-4.14B	-4.53B	-4.74B	-4.77B
Other Financing Activities, Total	46M	-1.71B	-544M	787M	-5.17B
Cash from Financing	-9.18B	-6.51B	-18.62B	-16.18B	-19.85B
Foreign Exchange Rate Adjustments	5M	2M	-71M	-86M	9M
Miscellaneous Cash Flow Adjustments	-	-	-	-	1M
Net Change in Cash	1.68B	6.18B	-2.99B	-4B	1.5B
Supplemental Items
Cash Interest Paid	4.25B	3.88B	3.91B	3.41B	3.71B
Cash Income Tax Paid (Refund)	3.23B	3.18B	2.63B	5.26B	5.11B
Levered Free Cash Flow	10.84B	11.87B	12.84B	10.8B	23.13B
Unlevered Free Cash Flow	13.7B	14.73B	15.52B	13.24B	25.69B
Change In Net Working Capital	-62M	-3.1B	-423M	1.96B	-11.22B
Net Debt Issued / Repaid	-4.99B	-133M	-8.87B	1.1B	1.38B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.13	4.07	4.73	5.3	5.58
Return on Total Capital	6.9	5.42	6.32	7.18	7.75
Return On Equity %	16.75	12.01	14.48	5.47	18.25
Return on Common Equity	16.92	12.17	15.19	6.07	18.81
Margin Analysis
Gross Profit Margin %	68.39	68.02	66.96	68.53	69.76
SG&A Margin	37.11	38.48	37.22	38.52	38.79
EBITDA Margin %	31.28	29.54	29.75	30.01	30.97
EBITA Margin %	23.33	21.51	22.33	22.83	23.69
EBIT Margin %	19.39	16.89	17.89	18.63	19.18
Income From Continuing Operations Margin %	12.23	10.33	11.89	4.06	12.43
Net Income Margin %	11.99	10.17	12.17	4.42	12.66
Net Avail. For Common Margin %	11.99	10.17	12.17	4.42	12.66
Normalized Net Income Margin	9.06	7.71	10.35	9.73	10.83
Levered Free Cash Flow Margin	9.95	11.46	11.04	8.9	19.03
Unlevered Free Cash Flow Margin	12.57	14.23	13.33	10.9	21.13
Asset Turnover
Asset Turnover	0.42	0.39	0.42	0.46	0.47
Fixed Assets Turnover	2.25	1.92	2	1.99	1.92
Receivables Turnover (Average Receivables)	9.73	9.1	9.92	9.84	9.18
Short Term Liquidity
Current Ratio