v3.5.0.2

Condensed Consolidating Financial Information

6 Months Ended

Jun. 30, 2016

Condensed Consolidating Financial Information [Abstract]

Condensed Consolidating Financial Information

Note 14: Condensed Consolidating Financial Information

Comcast (“Comcast Parent”), Comcast Cable Communications, LLC (“CCCL Parent”), and NBCUniversal (“NBCUniversal Media Parent”) have fully and unconditionally guaranteed each other’s debt securities. In addition, the Comcast revolving credit facility and the Comcast commercial paper program are also fully and unconditionally guaranteed by NBCUniversal. The Comcast commercial paper program is supported by the Comcast revolving credit facility.

Comcast Parent and CCCL Parent also fully and unconditionally guarantee NBCUniversal Enterprise’s $3.3 billion of senior notes, as well as the NBCUniversal Enterprise revolving credit facility 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 CCCL Parent nor NBCUniversal Media Parent guarantee the Comcast Holdings’ ZONES due October 2029. None of Comcast Parent, CCCL Parent nor NBCUniversal Media Parent guarantee the $62 million principal amount currently outstanding of Comcast Holdings’ ZONES due November 2029 or the $3.8 billion of Universal Studios Japan term loans.

Condensed Consolidating Balance Sheet
June 30, 2016
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	270	$	4,395	$	-	$	4,665
	Receivables, net		-		-		-		-		6,708		-		6,708
	Programming rights		-		-		-		-		1,435		-		1,435
	Other current assets		138		-		-		49		1,782		-		1,969
Total current assets			138		-		-		319		14,320		-		14,777
Film and television costs			-		-		-		-		5,811		-		5,811
Investments			48		-		-		445		3,186		-		3,679
Investments in and amounts due from subsidiaries eliminated upon consolidation			91,382		115,253		123,620		42,893		113,686		(486,834)		-
Property and equipment, net			218		-		-		-		34,678		-		34,896
Franchise rights			-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		33,792		-		33,792
Other intangible assets, net			10		-		-		-		17,194		-		17,204
Other noncurrent assets, net			1,361		147		-		85		2,117		(1,248)		2,462
Total assets		$	93,157	$	115,400	$	123,620	$	43,742	$	284,148	$	(488,082)	$	171,985
Liabilities and Equity
	Accounts payable and accrued expenses related to  trade creditors	$	31	$	-	$	-	$	-	$	6,328	$	-	$	6,359
	Accrued participations and residuals		-		-		-		-		1,542		-		1,542
	Accrued expenses and other current liabilities		1,672		335		282		282		4,195		-		6,766
	Current portion of long-term debt		1,000		-		550		4		1,380		-		2,934
Total current liabilities			2,703		335		832		286		13,445		-		17,601
Long-term debt, less current portion			34,757		133		2,100		8,228		7,411		-		52,629
Deferred income taxes			-		581		-		69		34,964		(1,102)		34,512
Other noncurrent liabilities			2,599		-		-		1,143		7,123		(146)		10,719
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		1,248		-		1,248
Equity:
	Common stock		28		-		-		-		-		-		28
	Other shareholders’ equity		53,070		114,351		120,688		34,016		217,779		(486,834)		53,070
Total Comcast Corporation
	shareholders’ equity		53,098		114,351		120,688		34,016		217,779		(486,834)		53,098
Noncontrolling interests			-		-		-		-		2,178		-		2,178
Total equity			53,098		114,351		120,688		34,016		219,957		(486,834)		55,276
Total liabilities and equity		$	93,157	$	115,400	$	123,620	$	43,742	$	284,148	$	(488,082)	$	171,985

Condensed Consolidating Balance Sheet
December 31, 2015
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	414	$	1,881	$	-	$	2,295
	Receivables, net		-		-		-		-		6,896		-		6,896
	Programming rights		-		-		-		-		1,213		-		1,213
	Other current assets		69		-		-		17		1,813		-		1,899
Total current assets			69		-		-		431		11,803		-		12,303
Film and television costs			-		-		-		-		5,855		-		5,855
Investments			33		-		-		430		2,761		-		3,224
Investments in and amounts due from subsidiaries eliminated upon consolidation			87,142		111,241		119,354		42,441		109,598		(469,776)		-
Property and equipment, net			210		-		-		-		33,455		-		33,665
Franchise rights			-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		32,945		-		32,945
Other intangible assets, net			12		-		-		-		16,934		-		16,946
Other noncurrent assets, net			1,301		147		-		78		2,114		(1,368)		2,272
Total assets		$	88,767	$	111,388	$	119,354	$	43,380	$	274,829	$	(471,144)	$	166,574
Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	16	$	-	$	-	$	-	$	6,199	$	-	$	6,215
	Accrued participations and residuals		-		-		-		-		1,572		-		1,572
	Accrued expenses and other current liabilities		1,789		335		290		389		3,961		-		6,764
	Current portion of long-term debt		1,149		-		-		1,005		1,473		-		3,627
Total current liabilities			2,954		335		290		1,394		13,205		-		18,178
Long-term debt, less current portion			31,106		130		2,650		8,211		6,897		-		48,994
Deferred income taxes			-		624		-		66		34,098		(1,222)		33,566
Other noncurrent liabilities			2,438		-		-		1,087		7,258		(146)		10,637
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		1,221		-		1,221
Equity:
	Common stock		29		-		-		-		-		-		29
	Other shareholders’ equity		52,240		110,299		116,414		32,622		210,441		(469,776)		52,240
Total Comcast Corporation shareholders’ equity			52,269		110,299		116,414		32,622		210,441		(469,776)		52,269
Noncontrolling interests			-		-		-		-		1,709		-		1,709
Total equity			52,269		110,299		116,414		32,622		212,150		(469,776)		53,978
Total liabilities and equity		$	88,767	$	111,388	$	119,354	$	43,380	$	274,829	$	(471,144)	$	166,574

Condensed Consolidating Statement of Income
For the Three Months Ended June 30, 2016
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	19,269	$	-	$	19,269
	Management fee revenue		266		-		261		-		-		(527)		-
			266		-		261		-		19,269		(527)		19,269
Costs and Expenses:
	Programming and production		-		-		-		-		5,492		-		5,492
	Other operating and administrative		285		-		261		222		5,520		(527)		5,761
	Advertising, marketing and promotion		-		-		-		-		1,561		-		1,561
	Depreciation		6		-		-		-		1,862		-		1,868
	Amortization		2		-		-		-		519		-		521
			293		-		261		222		14,954		(527)		15,203
Operating income (loss)			(27)		-		-		(222)		4,315		-		4,066
Other Income (Expense):
	Interest expense		(478)		(3)		(61)		(112)		(78)		-		(732)
	Investment income (loss), net		3		1		-		(6)		60		-		58
	Equity in net income
	(losses) of investees, net		2,354		2,275		2,127		1,288		914		(8,977)		(19)
	Other income (expense), net		-		-		-		(7)		(8)		-		(15)
			1,879		2,273		2,066		1,163		888		(8,977)		(708)
Income (loss) before income taxes			1,852		2,273		2,066		941		5,203		(8,977)		3,358
Income tax (expense) benefit			176		1		21		(8)		(1,468)		-		(1,278)
Net income (loss)			2,028		2,274		2,087		933		3,735		(8,977)		2,080
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		(52)		-		(52)
Net income (loss) attributable
	to Comcast Corporation	$	2,028	$	2,274	$	2,087	$	933	$	3,683	$	(8,977)	$	2,028
Comprehensive income (loss)
	attributable to Comcast Corporation	$	2,113	$	2,321	$	2,087	$	1,096	$	4,194	$	(9,698)	$	2,113

Condensed Consolidating Statement of Income
For the Three Months Ended June 30, 2015
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	18,743	$	-	$	18,743
	Management fee revenue		252		-		246		-		-		(498)		-
			252		-		246		-		18,743		(498)		18,743
Costs and Expenses:
	Programming and production		-		-		-		-		5,669		-		5,669
	Other operating and administrative		225		-		246		255		5,046		(498)		5,274
	Advertising, marketing and promotion		-		-		-		-		1,534		-		1,534
	Depreciation		7		-		-		-		1,667		-		1,674
	Amortization		2		-		-		-		485		-		487
			234		-		246		255		14,401		(498)		14,638
Operating income (loss)			18		-		-		(255)		4,342		-		4,105
Other Income (Expense):
	Interest expense		(472)		(3)		(73)		(116)		(49)		-		(713)
	Investment income (loss), net		-		(1)		-		(8)		26		-		17
	Equity in net income (losses) of
	investees, net		2,431		2,162		2,020		1,281		676		(8,806)		(236)
	Other income (expense), net		2		-		-		16		297		-		315
			1,961		2,158		1,947		1,173		950		(8,806)		(617)
Income (loss) before income taxes			1,979		2,158		1,947		918		5,292		(8,806)		3,488
Income tax (expense) benefit			158		2		26		(6)		(1,493)		-		(1,313)
Net income (loss)			2,137		2,160		1,973		912		3,799		(8,806)		2,175
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		(38)		-		(38)
Net income (loss)
	attributable to Comcast Corporation	$	2,137	$	2,160	$	1,973	$	912	$	3,761	$	(8,806)	$	2,137
Comprehensive
	income (loss) attributable to Comcast Corporation	$	2,159	$	2,168	$	1,973	$	936	$	3,761	$	(8,838)	$	2,159

Condensed Consolidating Statement of Income
For the Six Months Ended June 30, 2016
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	38,059	$	-	$	38,059
	Management fee revenue		525		-		515		-		-		(1,040)		-
			525		-		515		-		38,059		(1,040)		38,059
Costs and Expenses:
	Programming and production		-		-		-		-		10,923		-		10,923
	Other operating and administrative		441		-		515		517		10,853		(1,040)		11,286
	Advertising, marketing and promotion		-		-		-		-		3,028		-		3,028
	Depreciation		14		-		-		-		3,639		-		3,653
	Amortization		3		-		-		-		1,011		-		1,014
			458		-		515		517		29,454		(1,040)		29,904
Operating income (loss)			67		-		-		(517)		8,605		-		8,155
Other Income (Expense):
	Interest expense		(929)		(6)		(120)		(229)		(151)		-		(1,435)
	Investment income (loss), net		3		1		-		(8)		92		-		88
	Equity in net income
	(losses) of investees, net		4,720		4,539		4,241		2,585		1,905		(18,020)		(30)
	Other income (expense), net		-		-		-		117		(2)		-		115
			3,794		4,534		4,121		2,465		1,844		(18,020)		(1,262)
Income (loss) before income taxes			3,861		4,534		4,121		1,948		10,449		(18,020)		6,893
Income tax (expense) benefit			301		2		42		(13)		(2,921)		-		(2,589)
Net income (loss)			4,162		4,536		4,163		1,935		7,528		(18,020)		4,304
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		(142)		-		(142)
Net income (loss) attributable
	to Comcast Corporation	$	4,162	$	4,536	$	4,163	$	1,935	$	7,386	$	(18,020)	$	4,162
Comprehensive income (loss)
	attributable to Comcast Corporation	$	4,337	$	4,627	$	4,165	$	2,242	$	7,899	$	(18,933)	$	4,337

Condensed Consolidating Statement of Income
For the Six Months Ended June 30, 2015
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	36,596	$	-	$	36,596
	Management fee revenue		496		-		483		-		-		(979)		-
			496		-		483		-		36,596		(979)		36,596
Costs and Expenses:
	Programming and production		-		-		-		-		11,132		-		11,132
	Other operating and administrative		451		-		483		492		9,901		(979)		10,348
	Advertising, marketing and promotion		-		-		-		-		2,894		-		2,894
	Depreciation		15		-		-		-		3,293		-		3,308
	Amortization		3		-		-		-		916		-		919
			469		-		483		492		28,136		(979)		28,601
Operating income (loss)			27		-		-		(492)		8,460		-		7,995
Other Income (Expense):
	Interest expense		(882)		(6)		(146)		(236)		(99)		-		(1,369)
	Investment income (loss), net		1		1		-		(14)		62		-		50
	Equity in net income
	(losses) of investees, net		4,753		4,388		4,012		2,512		1,561		(17,429)		(203)
	Other income (expense), net		(3)		-		-		5		415		-		417
			3,869		4,383		3,866		2,267		1,939		(17,429)		(1,105)
Income (loss) before income taxes			3,896		4,383		3,866		1,775		10,399		(17,429)		6,890
Income tax (expense) benefit			300		2		51		(11)		(2,916)		-		(2,574)
Net income (loss)			4,196		4,385		3,917		1,764		7,483		(17,429)		4,316
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		(120)		-		(120)
Net income (loss) attributable
	to Comcast Corporation	$	4,196	$	4,385	$	3,917	$	1,764	$	7,363	$	(17,429)	$	4,196
Comprehensive income (loss)
	attributable to Comcast Corporation	$	4,176	$	4,377	$	3,915	$	1,737	$	7,362	$	(17,391)	$	4,176

Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 30, 2016
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities		$	(778)	$	-	$	(84)	$	(809)	$	11,054	$	-	$	9,383
Investing Activities
	Net transactions with affiliates		880		-		84		1,579		(2,543)		-		-
	Capital expenditures		(7)		-		-		-		(4,149)		-		(4,156)
	Cash paid for intangible assets		(3)		-		-		-		(734)		-		(737)
	Acquisitions and construction of real estate properties		-		-		-		-		(211)		-		(211)
	Acquisitions, net of cash acquired		-		-		-		-		(126)		-		(126)
	Proceeds from sales of businesses and investments		-		-		-		102		36		-		138
	Purchases of investments		(15)		-		-		(2)		(563)		-		(580)
	Other		(164)		-		-		(35)		43		-		(156)
Net cash provided by (used in) investing activities			691		-		84		1,644		(8,247)		-		(5,828)
Financing Activities
	Proceeds from (repayments of) short-term borrowings, net		(400)		-		-		-		605		-		205
	Proceeds from borrowings		4,753		-		-		-		-		-		4,753
	Repurchases and repayments of debt		(750)		-		-		(1,004)		(797)		-		(2,551)
	Repurchases and retirements of common stock		(2,385)		-		-		-		-		-		(2,385)
	Dividends paid		(1,281)		-		-		-		-		-		(1,281)
	Issuances of common stock		19		-		-		-		-		-		19
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		(125)		-		(125)
	Other		131		-		-		25		24		-		180
Net cash provided by (used in) financing activities			87		-		-		(979)		(293)		-		(1,185)
Increase (decrease) in cash and cash equivalents			-		-		-		(144)		2,514		-		2,370
Cash and cash equivalents, beginning of period			-		-		-		414		1,881		-		2,295
Cash and cash equivalents, end of period		$	-	$	-	$	-	$	270	$	4,395	$	-	$	4,665

Condensed Consolidating Statement of Cash Flows
For the Six Months Ended June 30, 2015
(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities		$	(398)	$	(1)	$	(109)	$	(751)	$	10,093	$	-	$	8,834
Investing Activities
	Net transactions with affiliates		3,661		1		109		1,670		(5,441)		-		-
	Capital expenditures		(13)		-		-		-		(3,684)		-		(3,697)
	Cash paid for intangible assets		(1)		-		-		-		(599)		-		(600)
	Acquisitions and construction of real estate properties		-		-		-		-		(65)		-		(65)
	Acquisitions, net of cash acquired		-		-		-		-		(179)		-		(179)
	Proceeds from sales of businesses and investments		-		-		-		1		394		-		395
	Purchases of investments		(2)		-		-		-		(270)		-		(272)
	Other		7		-		-		(5)		180		-		182
Net cash provided by (used in) investing activities			3,652		1		109		1,666		(9,664)		-		(4,236)
Financing Activities
	Proceeds from (repayments of) short-term borrowings, net		-		-		-		-		(137)		-		(137)
	Proceeds from borrowings		3,996		-		-		-		-		-		3,996
	Repurchases and repayments of debt		(2,650)		-		-		(1,001)		(15)		-		(3,666)
	Repurchases and retirements of common stock		(3,585)		-		-		-		-		-		(3,585)
	Dividends paid		(1,200)		-		-		-		-		-		(1,200)
	Issuances of common stock		32		-		-		-		-		-		32
	Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock		-		-		-		-		(114)		-		(114)
	Other		153		-		-		-		(501)		-		(348)
Net cash provided by (used in) financing activities			(3,254)		-		-		(1,001)		(767)		-		(5,022)
Increase (decrease) in cash and cash equivalents			-		-		-		(86)		(338)		-		(424)
Cash and cash equivalents, beginning of period			-		-		-		385		3,525		-		3,910
Cash and cash equivalents, end of period		$	-	$	-	$	-	$	299	$	3,187	$	-	$	3,486

X

- Definition

Condensed Consolidating Financial Information Abstract

+ References

No definition available.

+ Details

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X

- 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 FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683

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 SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph c
-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 06
-Article 9

Reference 5: 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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