Condensed Consolidating Balance Sheet
December 31, 2014 (in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	-	$	385	$	3,525	$	-	$	3,910
	Investments		-		-		-		-		-		602		-		602
	Receivables, net		-		-		-		-		-		6,321		-		6,321
	Programming rights		-		-		-		-		-		839		-		839
	Other current assets		267		-		-		-		41		1,551		-		1,859
Total current assets			267		-		-		-		426		12,838		-		13,531
Film and television costs			-		-		-		-		-		5,727		-		5,727
Investments			36		-		-		-		378		2,721		-		3,135
Investments in and amounts due from subsidiaries eliminated upon consolidation			84,142		103,420		110,323		58,677		41,239		98,152		(495,953)		-
Property and equipment, net			199		-		-		-		-		30,754		-		30,953
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		27,316		-		27,316
Other intangible assets, net			11		-		-		-		-		16,969		-		16,980
Other noncurrent assets, net			1,224		148		-		-		92		1,949		(1,080)		2,333
Total assets		$	85,879	$	103,568	$	110,323	$	58,677	$	42,135	$	255,790	$	(497,033)	$	159,339

Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	19	$	-	$	-	$	1	$	-	$	5,618	$	-	$	5,638
	Accrued participations and residuals		-		-		-		-		-		1,347		-		1,347
	Accrued expenses and other current liabilities		1,547		283		233		47		331		3,767		-		6,208
	Current portion of long-term debt		1,650		-		-		677		1,006		884		-		4,217
Total current liabilities			3,216		283		233		725		1,337		11,616		-		17,410
Long-term debt, less current portion			27,616		126		1,827		822		9,218		4,408		-		44,017
Deferred income taxes			-		701		-		-		67		33,127		(936)		32,959
Other noncurrent liabilities			2,336		-		-		-		1,143		7,484		(144)		10,819
Redeemable noncontrolling interests
	and redeemable subsidiary preferred stock		-		-		-		-		-		1,066		-		1,066
Equity:
	Common stock		30		-		-		-		-		-		-		30
	Other shareholders’ equity		52,681		102,458		108,263		57,130		30,370		197,732		(495,953)		52,681
Total Comcast Corporation shareholders’ equity			52,711		102,458		108,263		57,130		30,370		197,732		(495,953)		52,711
Noncontrolling interests			-		-		-		-		-		357		-		357
Total equity			52,711		102,458		108,263		57,130		30,370		198,089		(495,953)		53,068
Total liabilities and equity		$	85,879	$	103,568	$	110,323	$	58,677	$	42,135	$	255,790	$	(497,033)	$	159,339

Condensed Consolidating Balance Sheet
December 31, 2013(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	-	$	336	$	1,382	$	-	$	1,718
	Investments		-		-		-		-		-		3,573		-		3,573
	Receivables, net		-		-		-		-		-		6,376		-		6,376
	Programming rights		-		-		-		-		-		928		-		928
	Other current assets		237		-		-		-		35		1,208		-		1,480
Total current assets			237		-		-		-		371		13,467		-		14,075
Film and television costs			-		-		-		-		-		4,994		-		4,994
Investments			11		-		-		-		374		3,385		-		3,770
Investments in and amounts due from subsidiaries eliminated upon consolidation			79,956		97,429		102,673		54,724		40,644		85,164		(460,590)		-
Property and equipment, net			220		-		-		-		-		29,620		-		29,840
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		27,098		-		27,098
Other intangible assets, net			11		-		-		-		-		17,318		-		17,329
Other noncurrent assets, net			1,078		145		-		-		103		1,899		(882)		2,343
Total assets		$	81,513	$	97,574	$	102,673	$	54,724	$	41,492	$	242,309	$	(461,472)	$	158,813

Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	8	$	-	$	-	$	-	$	-	$	5,520	$	-	$	5,528
	Accrued participations and residuals		-		-		-		-		-		1,239		-		1,239
	Accrued expenses and other current liabilities		1,371		266		180		47		323		6,678		-		8,865
	Current portion of long-term debt		2,351		-		-		-		903		26		-		3,280
Total current liabilities			3,730		266		180		47		1,226		13,463		-		18,912
Long-term debt, less current portion			25,170		132		1,827		1,505		10,236		5,697		-		44,567
Deferred income taxes			-		777		-		-		59		31,840		(741)		31,935
Other noncurrent liabilities			1,919		-		-		-		931		8,675		(141)		11,384
Redeemable noncontrolling interests
	and redeemable subsidiary preferred stock		-		-		-		-		-		957		-		957
Equity:
	Common stock		30		-		-		-		-		-		-		30
	Other shareholders’ equity		50,664		96,399		100,666		53,172		29,040		181,313		(460,590)		50,664
Total Comcast Corporation shareholders’ equity			50,694		96,399		100,666		53,172		29,040		181,313		(460,590)		50,694
Noncontrolling interests			-		-		-		-		-		364		-		364
Total equity			50,694		96,399		100,666		53,172		29,040		181,677		(460,590)		51,058
Total liabilities and equity		$	81,513	$	97,574	$	102,673	$	54,724	$	41,492	$	242,309	$	(461,472)	$	158,813

Condensed Consolidating Statement of Income
For the Year Ended December 31, 2014(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	68,775	$	-	$	68,775
	Management fee revenue		947		-		921		582		-		-		(2,450)		-
			947		-		921		582		-		68,775		(2,450)		68,775
Costs and Expenses:
	Programming and production		-		-		-		-		-		20,912		-		20,912
	Other operating and administrative		751		-		921		582		908		19,150		(2,450)		19,862
	Advertising, marketing and promotion		-		-		-		-		-		5,078		-		5,078
	Depreciation		34		-		-		-		-		6,303		-		6,337
	Amortization		6		-		-		-		-		1,676		-		1,682
			791		-		921		582		908		53,119		(2,450)		53,871
Operating income (loss)			156		-		-		-		(908)		15,656		-		14,904
Other Income (Expense):
	Interest expense		(1,621)		(11)		(176)		(118)		(479)		(212)		-		(2,617)
	Investment income (loss), net		3		12		-		-		(7)		288		-		296
	Equity in net income (losses) of
	investees, net		9,330		8,843		8,273		6,333		4,523		3,212		(40,417)		97
	Other income (expense), net		-		-		-		-		(4)		(211)		-		(215)
			7,712		8,844		8,097		6,215		4,033		3,077		(40,417)		(2,439)
Income (loss) before income taxes			7,868		8,844		8,097		6,215		3,125		18,733		(40,417)		12,465
Income tax (expense) benefit			512		-		62		41		(10)		(4,478)		-		(3,873)
Net income (loss)			8,380		8,844		8,159		6,256		3,115		14,255		(40,417)		8,592
Net (income) loss attributable to
	noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(212)		-		(212)
Net income (loss) attributable to
	Comcast Corporation	$	8,380	$	8,844	$	8,159	$	6,256	$	3,115	$	14,043	$	(40,417)	$	8,380
Comprehensive income (loss)
	attributable to Comcast Corporation	$	8,178	$	8,807	$	8,162	$	6,257	$	2,972	$	13,980	$	(40,178)	$	8,178

Condensed Consolidating Statement of Income
For the Year Ended December 31, 2013(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	64,657	$	-	$	64,657
	Management fee revenue		897		-		874		548		-		-		(2,319)		-
			897		-		874		548		-		64,657		(2,319)		64,657
Costs and Expenses:
	Programming and production		-		-		-		-		-		19,670		-		19,670
	Other operating and administrative		403		-		874		548		855		18,223		(2,319)		18,584
	Advertising, marketing and promotion		-		-		-		-		-		4,969		-		4,969
	Depreciation		30		-		-		-		-		6,224		-		6,254
	Amortization		5		-		-		-		-		1,612		-		1,617
			438		-		874		548		855		50,698		(2,319)		51,094
Operating income (loss)			459		-		-		-		(855)		13,959		-		13,563
Other Income (Expense):
	Interest expense		(1,523)		(11)		(212)		(126)		(488)		(214)		-		(2,574)
	Investment income (loss), net		-		(13)		-		-		3		586		-		576
	Equity in net income (losses) of
	investees, net		7,509		7,540		7,430		5,473		3,331		1,882		(33,251)		(86)
	Other income (expense), net		(2)		-		2		-		(1)		(363)		-		(364)
			5,984		7,516		7,220		5,347		2,845		1,891		(33,251)		(2,448)
Income (loss) before income taxes			6,443		7,516		7,220		5,347		1,990		15,850		(33,251)		11,115
Income tax (expense) benefit			373		9		73		44		(22)		(4,457)		-		(3,980)
Net income (loss)			6,816		7,525		7,293		5,391		1,968		11,393		(33,251)		7,135
Net (income) loss attributable to
	noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(319)		-		(319)
Net income (loss) attributable
	to Comcast Corporation	$	6,816	$	7,525	$	7,293	$	5,391	$	1,968	$	11,074	$	(33,251)	$	6,816
Comprehensive income (loss)
	attributable to Comcast Corporation	$	6,883	$	7,521	$	7,276	$	5,392	$	2,017	$	10,969	$	(33,175)	$	6,883

Condensed Consolidating Statement of Income
For the Year Ended December 31, 2012(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	62,570	$	-	$	62,570
	Management fee revenue		848		-		827		516		-		-		(2,191)		-
			848		-		827		516		-		62,570		(2,191)		62,570
Costs and Expenses:
	Programming and production		-		-		-		-		-		19,929		-		19,929
	Other operating and administrative		401		-		827		516		899		17,381		(2,191)		17,833
	Advertising, marketing and promotion		-		-		-		-		-		4,831		-		4,831
	Depreciation		30		-		-		-		-		6,120		-		6,150
	Amortization		4		-		-		-		-		1,644		-		1,648
			435		-		827		516		899		49,905		(2,191)		50,391
Operating income (loss)			413		-		-		-		(899)		12,665		-		12,179
Other Income (Expense):
	Interest expense		(1,430)		(23)		(329)		(135)		(430)		(174)		-		(2,521)
	Investment income (loss), net		8		3		-		-		5		203		-		219
	Equity in net income (losses) of
	investees, net		6,858		6,536		6,665		4,909		4,402		4,014		(32,425)		959
	Other income (expense), net		2		-		-		-		(14)		785		-		773
			5,438		6,516		6,336		4,774		3,963		4,828		(32,425)		(570)
Income (loss) before income taxes			5,851		6,516		6,336		4,774		3,064		17,493		(32,425)		11,609
Income tax (expense) benefit			352		7		115		47		(9)		(4,256)		-		(3,744)
Net income (loss)			6,203		6,523		6,451		4,821		3,055		13,237		(32,425)		7,865
Net (income) loss attributable to
	noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(1,662)		-		(1,662)
Net income (loss) attributable to
	Comcast Corporation	$	6,203	$	6,523	$	6,451	$	4,821	$	3,055	$	11,575	$	(32,425)	$	6,203
Comprehensive income (loss)
	attributable to Comcast Corporation	$	6,370	$	6,523	$	6,460	$	4,821	$	3,068	$	11,703	$	(32,575)	$	6,370

Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2014(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
	Net cash provided by (used in) operating activities	$	(354)	$	9	$	(57)	$	(82)	$	(1,299)	$	18,728	$	-	$	16,945
Investing Activities:
	Net transactions with affiliates		4,784		(9)		57		82		2,247		(7,161)		-		-
	Capital expenditures		(3)		-		-		-		-		(7,417)		-		(7,420)
	Cash paid for intangible assets		(6)		-		-		-		-		(1,116)		-		(1,122)
	Acquisitions and construction of real estate properties		-		-		-		-		-		(43)		-		(43)
	Acquisitions, net of cash acquired		-		-		-		-		-		(477)		-		(477)
	Proceeds from sales of businesses and investments		-		-		-		-		8		658		-		666
	Return of capital from investees		-		-		-		-		1		24		-		25
	Purchases of investments		(19)		-		-		-		(10)		(162)		-		(191)
	Other		-		-		-		-		4		(175)		-		(171)
	Net cash provided by (used in) investing activities		4,756		(9)		57		82		2,250		(15,869)		-		(8,733)
Financing Activities:
	Proceeds from (repayments of) short-term borrowings, net		(1,350)		-		-		-		-		846		-		(504)
	Proceeds from borrowings		4,180		-		-		-		-		2		-		4,182
	Repurchases and repayments of debt		(1,000)		-		-		-		(902)		(1,273)		-		(3,175)
	Repurchases and retirements of common stock		(4,251)		-		-		-		-		-		-		(4,251)
	Dividends paid		(2,254)		-		-		-		-		-		-		(2,254)
	Issuances of common stock		35		-		-		-		-		-		-		35
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(220)		-		(220)
	Other		238		-		-		-		-		(71)		-		167
	Net cash provided by (used in) financing activities		(4,402)		-		-		-		(902)		(716)		-		(6,020)
Increase (decrease) in cash and cash equivalents			-		-		-		-		49		2,143		-		2,192
Cash and cash equivalents, beginning of year			-		-		-		-		336		1,382		-		1,718
Cash and cash equivalents, end of year		$	-	$	-	$	-	$	-	$	385	$	3,525	$	-	$	3,910

Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2013(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
	Net cash provided by (used in) operating activities	$	(600)	$	(3)	$	(151)	$	(94)	$	(1,102)	$	16,110	$	-	$	14,160
Investing Activities:
	Net transactions with affiliates		66		3		2,248		332		(470)		(2,179)		-		-
	Capital expenditures		(7)		-		-		-		-		(6,589)		-		(6,596)
	Cash paid for intangible assets		(4)		-		-		-		-		(1,005)		-		(1,009)
	Acquisitions and construction of real estate properties		-		-		-		-		-		(1,904)		-		(1,904)
	Acquisitions, net of cash acquired		-		-		-		-		-		(99)		-		(99)
	Proceeds from sales of businesses and investments		-		-		-		-		2		1,081		-		1,083
	Return of capital from investees		-		-		-		-		128		21		-		149
	Purchases of investments		(11)		-		-		-		(3)		(1,209)		-		(1,223)
	Other		-		-		-		-		(20)		105		-		85
	Net cash provided by (used in) investing activities		44		3		2,248		332		(363)		(11,778)		-		(9,514)
Financing Activities:
	Proceeds from (repayments of) short-term borrowings, net		1,349		-		-		-		-		(4)		-		1,345
	Proceeds from borrowings		2,933		-		-		-		-		-		-		2,933
	Repurchases and repayments of debt		-		-		(2,097)		(238)		(88)		(21)		-		(2,444)
	Repurchases and retirements of common stock		(2,000)		-		-		-		-		-		-		(2,000)
	Dividends paid		(1,964)		-		-		-		-		-		-		(1,964)
	Issuances of common stock		40		-		-		-		-		-		-		40
	Purchase of NBCUniversal noncontrolling common equity interest		-		-		-		-		(3,200)		(7,561)		-		(10,761)
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(215)		-		(215)
	Settlement of Station Venture liability		-		-		-		-		-		(602)		-		(602)
	Other		198		-		-		-		(40)		(369)		-		(211)
	Net cash provided by (used in) financing activities		556		-		(2,097)		(238)		(3,328)		(8,772)		-		(13,879)
Increase (decrease) in cash and cash equivalents			-		-		-		-		(4,793)		(4,440)		-		(9,233)
Cash and cash equivalents, beginning of year			-		-		-		-		5,129		5,822		-		10,951
Cash and cash equivalents, end of year		$	-	$	-	$	-	$	-	$	336	$	1,382	$	-	$	1,718

Condensed Consolidating Statement of Cash Flows
For the Year Ended December 31, 2012(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
	Net cash provided by (used in) operating activities	$	(362)	$	(7)	$	(177)	$	(114)	$	(1,347)	$	16,861	$	-	$	14,854
Investing Activities:
	Net transactions with affiliates		3,845		206		177		667		4,850		(9,745)		-		-
	Capital expenditures		(10)		-		-		-		-		(5,704)		-		(5,714)
	Cash paid for intangible assets		(6)		-		-		-		-		(917)		-		(923)
	Acquisitions, net of cash acquired		-		-		-		-		-		(90)		-		(90)
	Proceeds from sales of businesses and investments		-		-		-		-		-		3,102		-		3,102
	Return of capital from investees		-		-		-		-		-		2,362		-		2,362
	Purchases of investments		-		-		-		-		(19)		(278)		-		(297)
	Other		-		3		-		-		(22)		93		-		74
	Net cash provided by (used in) investing activities		3,829		209		177		667		4,809		(11,177)		-		(1,486)
Financing Activities:
	Proceeds from (repayments of) short-term borrowings, net		(1)		-		-		-		(550)		7		-		(544)
	Proceeds from borrowings		2,536		-		-		-		1,995		13		-		4,544
	Repurchases and repayments of debt		(1,726)		(202)		-		(553)		(2)		(398)		-		(2,881)
	Repurchases and retirements of common stock		(3,000)		-		-		-		-		-		-		(3,000)
	Dividends paid		(1,608)		-		-		-		-		-		-		(1,608)
	Issuances of common stock		233		-		-		-		-		-		-		233
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(691)		-		(691)
	Other		99		-		-		-		(14)		(175)		-		(90)
	Net cash provided by (used in) financing activities		(3,467)		(202)		-		(553)		1,429		(1,244)		-		(4,037)
Increase (decrease) in cash and cash equivalents			-		-		-		-		4,891		4,440		-		9,331
Cash and cash equivalents, beginning of year			-		-		-		-		238		1,382		-		1,620
Cash and cash equivalents, end of year		$	-	$	-	$	-	$	-	$	5,129	$	5,822	$	-	$	10,951