v2.4.1.9

Condensed Consolidating Financial Information

3 Months Ended

Mar. 31, 2015

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

Note 13: Condensed Consolidating Financial Information

Comcast (“Comcast Parent”), Comcast Cable Communications, LLC (“CCCL Parent”), Comcast MO Group, Inc. (“Comcast MO Group”), Comcast Cable Holdings, LLC (“CCH”) and Comcast MO of Delaware, LLC (“Comcast MO of Delaware”) (collectively, the “cable guarantors”) and NBCUniversal (“NBCUniversal Media Parent”) have fully and unconditionally guaranteed each other’s debt securities. In addition, the Comcast and Comcast Cable Communications, LLC $6.25 billion revolving credit facility due June 2017 and the Comcast commercial paper program are also fully and unconditionally guaranteed by NBCUniversal Media Parent. The Comcast commercial paper program is supported by the Comcast and Comcast Cable Communications, LLC revolving credit facility. Comcast MO Group, CCH and Comcast MO of Delaware are collectively referred to as the “Combined CCHMO Parents.”

Comcast Parent and the cable guarantors also fully and unconditionally guarantee NBCUniversal Enterprise’s $4 billion senior notes, as well as its $1.35 billion revolving credit facility due March 2018 and the associated commercial paper program. NBCUniversal Media Parent does not guarantee the NBCUniversal Enterprise senior notes, credit facility or commercial paper program.

Comcast Parent provides an unconditional subordinated guarantee of the $185 million principal amount currently outstanding of Comcast Holdings’ ZONES due October 2029. Neither the cable guarantors nor NBCUniversal Media Parent guarantee the Comcast Holdings’ ZONES due October 2029. None of Comcast Parent, the cable guarantors nor NBCUniversal Media Parent guarantee the $62 million principal amount currently outstanding of Comcast Holdings’ ZONES due November 2029.

Condensed Consolidating Balance Sheet
March 31, 2015
(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	$	-	$	-	$	-	$	-	$	339	$	3,598	$	-	$	3,937
	Investments		-		-		-		-		-		158		-		158
	Receivables, net		-		-		-		-		-		6,144		-		6,144
	Programming rights		-		-		-		-		-		945		-		945
	Other current assets		279		-		-		-		64		1,394		-		1,737
Total current assets			279		-		-		-		403		12,239		-		12,921
Film and television costs			-		-		-		-		-		5,637		-		5,637
Investments			31		-		-		-		372		2,832		-		3,235
Investments in and amounts due from subsidiaries eliminated upon consolidation			82,713		105,551		112,432		60,289		41,900		101,682		(504,567)		-
Property and equipment, net			200		-		-		-		-		30,927		-		31,127
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		27,302		-		27,302
Other intangible assets, net			10		-		-		-		-		16,842		-		16,852
Other noncurrent assets, net			1,201		148		-		-		97		1,970		(1,097)		2,319
Total assets		$	84,434	$	105,699	$	112,432	$	60,289	$	42,772	$	258,795	$	(505,664)	$	158,757
Liabilities and Equity
	Accounts payable and accrued expenses related to  trade creditors	$	7	$	-	$	-	$	-	$	-	$	6,150	$	-	$	6,157
	Accrued participations and residuals		-		-		-		-		-		1,387		-		1,387
	Accrued expenses and other current liabilities		1,534		283		343		21		407		4,190		-		6,778
	Current portion of long-term debt		1,761		-		-		676		1,003		740		-		4,180
Total current liabilities			3,302		283		343		697		1,410		12,467		-		18,502
Long-term debt, less current portion			26,566		126		1,828		822		9,217		4,394		-		42,953
Deferred income taxes			-		682		-		-		67		33,059		(953)		32,855
Other noncurrent liabilities			2,395		-		-		-		1,103		7,483		(144)		10,837
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		-		1,099		-		1,099
Equity:
	Common stock		30		-		-		-		-		-		-		30
	Other shareholders’ equity		52,141		104,608		110,261		58,770		30,975		199,953		(504,567)		52,141
Total Comcast Corporation
	shareholders’ equity		52,171		104,608		110,261		58,770		30,975		199,953		(504,567)		52,171
Noncontrolling interests			-		-		-		-		-		340		-		340
Total equity			52,171		104,608		110,261		58,770		30,975		200,293		(504,567)		52,511
Total liabilities and equity		$	84,434	$	105,699	$	112,432	$	60,289	$	42,772	$	258,795	$	(505,664)	$	158,757

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 Statement of Income
For the Three Months Ended March 31, 2015
(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	$	-	$	-	$	-	$	-	$	-	$	17,853	$	-	$	17,853
	Management fee revenue		244		-		237		150		-		-		(631)		-
			244		-		237		150		-		17,853		(631)		17,853
Costs and Expenses:
	Programming and production		-		-		-		-		-		5,463		-		5,463
	Other operating and administrative		226		-		237		150		237		4,860		(631)		5,079
	Advertising, marketing and promotion		-		-		-		-		-		1,355		-		1,355
	Depreciation		8		-		-		-		-		1,626		-		1,634
	Amortization		1		-		-		-		-		431		-		432
			235		-		237		150		237		13,735		(631)		13,963
Operating income (loss)			9		-		-		-		(237)		4,118		-		3,890
Other Income (Expense):
	Interest expense		(410)		(3)		(44)		(29)		(120)		(50)		-		(656)
	Investment income (loss), net		1		2		-		-		(6)		36		-		33
	Equity in net income
	(losses) of investees, net		2,322		2,226		1,973		1,646		1,231		885		(10,250)		33
	Other income (expense), net		(5)		-		-		-		(11)		118		-		102
			1,908		2,225		1,929		1,617		1,094		989		(10,250)		(488)
Income (loss) before income taxes			1,917		2,225		1,929		1,617		857		5,107		(10,250)		3,402
Income tax (expense) benefit			142		-		15		10		(5)		(1,423)		-		(1,261)
Net income (loss)			2,059		2,225		1,944		1,627		852		3,684		(10,250)		2,141
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(82)		-		(82)
Net income (loss) attributable
	to Comcast Corporation	$	2,059	$	2,225	$	1,944	$	1,627	$	852	$	3,602	$	(10,250)	$	2,059
Comprehensive income (loss)
	attributable to Comcast Corporation	$	2,017	$	2,209	$	1,943	$	1,626	$	801	$	3,601	$	(10,180)	$	2,017

Condensed Consolidating Statement of Income
For the Three Months Ended March 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	$	-	$	-	$	-	$	-	$	-	$	17,408	$	-	$	17,408
	Management fee revenue		230		-		223		141		-		-		(594)		-
			230		-		223		141		-		17,408		(594)		17,408
Costs and Expenses:
	Programming and production		-		-		-		-		-		5,908		-		5,908
	Other operating and administrative		93		-		223		141		257		4,629		(594)		4,749
	Advertising, marketing and promotion		-		-		-		-		-		1,213		-		1,213
	Depreciation		7		-		-		-		-		1,562		-		1,569
	Amortization		1		-		-		-		-		400		-		401
			101		-		223		141		257		13,712		(594)		13,840
Operating income (loss)			129		-		-		-		(257)		3,696		-		3,568
Other Income (Expense):
	Interest expense		(387)		(3)		(45)		(29)		(124)		(54)		-		(642)
	Investment income (loss), net		1		3		-		-		1		108		-		113
	Equity in net income (losses) of
	investees, net		2,038		2,267		2,165		1,511		1,071		714		(9,734)		32
	Other income (expense), net		-		-		-		-		(4)		(11)		-		(15)
			1,652		2,267		2,120		1,482		944		757		(9,734)		(512)
Income (loss) before income taxes			1,781		2,267		2,120		1,482		687		4,453		(9,734)		3,056
Income tax (expense) benefit			90		-		16		10		(5)		(1,229)		-		(1,118)
Net income (loss)			1,871		2,267		2,136		1,492		682		3,224		(9,734)		1,938
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(67)		-		(67)
Net income (loss)
	attributable to Comcast Corporation	$	1,871	$	2,267	$	2,136	$	1,492	$	682	$	3,157	$	(9,734)	$	1,871
Comprehensive
	income (loss) attributable to Comcast Corporation	$	1,848	$	2,269	$	2,138	$	1,493	$	685	$	3,134	$	(9,719)	$	1,848

Condensed Consolidating Statement of Cash Flows
For the Three Months Ended March 31, 2015
(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		$	(294)	$	(1)	$	82	$	(48)	$	(361)	$	5,867	$	-	$	5,245
Investing Activities
	Net transactions with affiliates		3,609		1		(82)		48		321		(3,897)		-		-
	Capital expenditures		(6)		-		-		-		-		(1,720)		-		(1,726)
	Cash paid for intangible assets		-		-		-		-		-		(273)		-		(273)
	Acquisitions and construction of real estate properties		-		-		-		-		-		(24)		-		(24)
	Proceeds from sales of businesses and investments		-		-		-		-		-		180		-		180
	Purchases of investments		-		-		-		-		-		(32)		-		(32)
	Other		-		-		-		-		(5)		186		-		181
Net cash provided by (used in) investing activities			3,603		1		(82)		48		316		(5,580)		-		(1,694)
Financing Activities
	Proceeds from (repayments of) short-term borrowings, net		-		-		-		-		-		(150)		-		(150)
	Proceeds from borrowings		-		-		-		-		-		-		-		-
	Repurchases and repayments of debt		(900)		-		-		-		(1)		(8)		-		(909)
	Repurchases and retirements of common stock		(2,000)		-		-		-		-		-		-		(2,000)
	Dividends paid		(572)		-		-		-		-		-		-		(572)
	Issuances of common stock		28		-		-		-		-		-		-		28
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(62)		-		(62)
	Other		135		-		-		-		-		6		-		141
Net cash provided by (used in) financing activities			(3,309)		-		-		-		(1)		(214)		-		(3,524)
Increase (decrease) in cash and cash equivalents			-		-		-		-		(46)		73		-		27
Cash and cash equivalents, beginning of period			-		-		-		-		385		3,525		-		3,910
Cash and cash equivalents, end of period		$	-	$	-	$	-	$	-	$	339	$	3,598	$	-	$	3,937

Condensed Consolidating Statement of Cash Flows
For the Three Months Ended March 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		$	(96)	$	(2)	$	110	$	(47)	$	(306)	$	4,827	$	-	$	4,486
Investing Activities
	Net transactions with affiliates		1,370		2		(110)		47		483		(1,792)		-		-
	Capital expenditures		-		-		-		-		-		(1,448)		-		(1,448)
	Cash paid for intangible assets		-		-		-		-		-		(217)		-		(217)
	Acquisitions and construction of real estate properties		-		-		-		-		-		-		-		-
	Proceeds from sales of businesses and investments		-		-		-		-		-		300		-		300
	Purchases of investments		(10)		-		-		-		(6)		(21)		-		(37)
	Other		-		-		-		-		-		(103)		-		(103)
Net cash provided by (used in) investing activities			1,360		2		(110)		47		477		(3,281)		-		(1,505)
Financing Activities
	Proceeds from (repayments of) short-term borrowings, net		(1,350)		-		-		-		-		986		-		(364)
	Proceeds from borrowings		2,184		-		-		-		-		3		-		2,187
	Repurchases and repayments of debt		(1,000)		-		-		-		(1)		(1,259)		-		(2,260)
	Repurchases and retirements of common stock		(750)		-		-		-		-		-		-		(750)
	Dividends paid		(508)		-		-		-		-		-		-		(508)
	Issuances of common stock		20		-		-		-		-		-		-		20
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		-		(66)		-		(66)
	Other		140		-		-		-		-		(44)		-		96
Net cash provided by (used in) financing activities			(1,264)		-		-		-		(1)		(380)		-		(1,645)
Increase (decrease) in cash and cash equivalents			-		-		-		-		170		1,166		-		1,336
Cash and cash equivalents, beginning of period			-		-		-		-		336		1,382		-		1,718
Cash and cash equivalents, end of period		$	-	$	-	$	-	$	-	$	506	$	2,548	$	-	$	3,054

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 06

-Article 9



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 3

-Subparagraph (SX 210.12-04)

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 810

-SubTopic 10

-Section 45

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683



Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 12



Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph c

-Article 5



Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 05

-Paragraph c

-Article 7

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