| Supplemental Financial Information |
Note 12: Supplemental Financial Information | Receivables | | | | June 30, | | December 31, | | (in millions) | | 2012 | | 2011 | | Receivables, gross | $ | 4,846 | $ | 4,978 | | Less: Allowance for returns and customer incentives | | 259 | | 425 | | Less: Allowance for doubtful accounts | | 200 | | 202 | | Receivables, net | $ | 4,387 | $ | 4,351 |
| Accumulated Other Comprehensive Income (Loss) | | | | | June 30, | | June 30, | | (in millions) | | | 2012 | | 2011 | | Unrealized gains (losses) on marketable securities | $ | 22 | $ | 22 | | Deferred gains (losses) on cash flow hedges | | (125) | | (112) | | Unrecognized gains (losses) on employee benefit obligations | | (59) | | (18) | | Cumulative translation adjustments | | (8) | | 3 | | Accumulated other comprehensive income (loss), net of deferred taxes | $ | (170) | $ | (105) |
| Operating Costs and Expenses | | | Three Months Ended | Six Months Ended | | | June 30 | June 30 | | (in millions) | | 2012 | | 2011 | | 2012 | | 2011 | | Programming and production | $ | 4,554 | $ | 4,323 | $ | 9,290 | $ | 7,593 | | Cable Communications technical labor | | 579 | | 568 | | 1,167 | | 1,161 | | Cable Communications customer service | | 481 | | 460 | | 975 | | 929 | | Advertising, marketing and promotion | | 1,287 | | 1,105 | | 2,489 | | 2,075 | | Other | | 3,306 | | 3,076 | | 6,476 | | 5,836 | | Operating costs and expenses (excluding depreciation and amortization) | $ | 10,207 | $ | 9,532 | $ | 20,397 | $ | 17,594 |
| Net Cash Provided by Operating Activities | | | | | | | | | | Six Months Ended | | | | | | | | | | June 30 | | (in millions) | | | | | | | 2012 | | 2011 | | Net income | | $ | 3,080 | $ | 2,406 | | Adjustments to reconcile net income to net cash provided by operating activities: | | | | | | | | Depreciation and amortization | | | 3,855 | | 3,705 | | | Amortization of film and television costs | | | 4,156 | | 2,889 | | | Share-based compensation | | | 189 | | 174 | | | Noncash interest expense (income), net | | | 105 | | 78 | | | Equity in net (income) losses of investees, net | | | (32) | | - | | | Cash received from investees | | | | | | | 142 | | 170 | | | Net (gain) loss on investment activity and other | | | (27) | | (107) | | | Deferred income taxes | | | 41 | | 693 | | Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | | | | | | | | Change in receivables, net | | | (30) | | 277 | | | Change in film and television costs | | | (4,176) | | (3,268) | | | Change in accounts payable and accrued expenses related to trade creditors | | | (4) | | (154) | | | Change in other operating assets and liabilities | | | 516 | | 93 | | Net cash provided by operating activities | | $ | 7,815 | $ | 6,956 |
| Cash Payments for Interest and Income Taxes | | | Three Months Ended | | Six Months Ended | | | June 30 | | June 30 | | (in millions) | | 2012 | | 2011 | | | 2012 | | 2011 | | Interest | $ | 544 | $ | 540 | | $ | 1,158 | $ | 1,197 | | Income taxes | $ | 904 | $ | 496 | | $ | 1,022 | $ | 570 |
Noncash Investing and Financing Activities During the six months ended June 30, 2012, we: • acquired $550 million of property and equipment and intangible assets that were accrued but unpaid, which is a noncash investing activity • recorded a liability of $435 million for a quarterly cash dividend of $0.1625 per common share paid in July 2012, which is a noncash financing activity • NBCUniversal entered into a capital lease transaction that resulted in an increase in property and equipment and debt of $85 million 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 | Six Months Ended | | | | June 30 | June 30 | | | | Actual | Pro Forma | Actual | Pro Forma | | (in millions except per share amounts) | | 2012 | | 2011 | | 2012 | | 2011 | | Revenue | $ | 15,211 | $ | 14,700 | $ | 30,089 | $ | 28,280 | | Net income | $ | 1,633 | $ | 1,418 | $ | 3,080 | $ | 2,418 | | Net income attributable to Comcast Corporation | $ | 1,348 | $ | 1,038 | $ | 2,572 | $ | 1,954 | | Basic earnings per common share attributable to Comcast | | | | | | | | | | | Corporation shareholders | $ | 0.50 | $ | 0.38 | $ | 0.95 | $ | 0.71 | | Diluted earnings per common share attributable to Comcast | | | | | | | | | | | Corporation shareholders | $ | 0.50 | $ | 0.37 | $ | 0.94 | $ | 0.70 |
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