Condensed Consolidating Balance Sheet

March 31, 2017



(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	$	3,752	$	—		$	4,022
Receivables, net	—		—		—		—		7,525		—			7,525
Programming rights	—		—		—		—		1,479		—			1,479
Other current assets	96		—		—		60		2,063		—			2,219
Total current assets	96		—		—		330		14,819		—			15,245
Film and television costs	—		—		—		—		6,968		—			6,968
Investments	84		—		10		657		5,187		—			5,938
Investments in and amounts due from subsidiaries eliminated upon consolidation	100,103		123,806		120,362		49,537		104,918		(498,726		)	—
Property and equipment, net	364		—		—		—		36,262		—			36,626
Franchise rights	—		—		—		—		59,364		—			59,364
Goodwill	—		—		—		—		36,592		—			36,592
Other intangible assets, net	12		—		—		—		19,002		—			19,014
Other noncurrent assets, net	1,115		666		—		80		1,876		(1,005		)	2,732
Total assets	$	101,774	$	124,472	$	120,372	$	50,604	$	284,988	$	(499,731	)	$	182,479
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	17	$	—	$	—	$	—	$	6,641	$	—		$	6,658
Accrued participations and residuals	—		—		—		—		1,811		—			1,811
Accrued expenses and other current liabilities	1,582		—		211		361		4,942		—			7,096
Current portion of long-term debt	1,905		—		550		4		1,050		—			3,509
Total current liabilities	3,504		—		761		365		14,444		—			19,074
Long-term debt, less current portion	40,711		143		2,100		8,204		7,118		—			58,276
Deferred income taxes	—		524		—		69		35,760		(1,005		)	35,348
Other noncurrent liabilities	2,500		—		—		1,103		7,074		—			10,677
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,456		—			1,456
Equity:
Common stock	56		—		—		—		—		—			56
Other shareholders’ equity	55,003		123,805		117,511		40,863		216,547		(498,726		)	55,003
Total Comcast Corporation shareholders’ equity	55,059		123,805		117,511		40,863		216,547		(498,726		)	55,059
Noncontrolling interests	—		—		—		—		2,589		—			2,589
Total equity	55,059		123,805		117,511		40,863		219,136		(498,726		)	57,648
Total liabilities and equity	$	101,774	$	124,472	$	120,372	$	50,604	$	284,988	$	(499,731	)	$	182,479

Condensed Consolidating Balance Sheet

December 31, 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	$	—	$	—	$	—	$	482	$	2,819	$	—		$	3,301
Receivables, net	—		—		—		—		7,955		—			7,955
Programming rights	—		—		—		—		1,250		—			1,250
Other current assets	151		—		—		36		3,668		—			3,855
Total current assets	151		—		—		518		15,692		—			16,361
Film and television costs	—		—		—		—		7,252		—			7,252
Investments	75		—		—		651		4,521		—			5,247
Investments in and amounts due from subsidiaries eliminated upon consolidation	98,350		120,071		117,696		47,393		97,704		(481,214		)	—
Property and equipment, net	298		—		—		—		35,955		—			36,253
Franchise rights	—		—		—		—		59,364		—			59,364
Goodwill	—		—		—		—		35,980		—			35,980
Other intangible assets, net	13		—		—		—		17,261		—			17,274
Other noncurrent assets, net	1,138		638		—		89		1,921		(1,017		)	2,769
Total assets	$	100,025	$	120,709	$	117,696	$	48,651	$	275,650	$	(482,231	)	$	180,500
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	23	$	—	$	—	$	—	$	6,892	$	—		$	6,915
Accrued participations and residuals	—		—		—		—		1,726		—			1,726
Accrued expenses and other current liabilities	1,726		—		341		302		5,045		—			7,414
Current portion of long-term debt	3,739		—		550		4		1,187		—			5,480
Total current liabilities	5,488		—		891		306		14,850		—			21,535
Long-term debt, less current portion	38,123		141		2,100		8,208		6,994		—			55,566
Deferred income taxes	—		542		—		70		35,259		(1,017		)	34,854
Other noncurrent liabilities	2,471		—		—		1,166		7,288		—			10,925
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,446		—			1,446
Equity:
Common stock	56		—		—		—		—		—			56
Other shareholders’ equity	53,887		120,026		114,705		38,901		207,582		(481,214		)	53,887
Total Comcast Corporation shareholders’ equity	53,943		120,026		114,705		38,901		207,582		(481,214		)	53,943
Noncontrolling interests	—		—		—		—		2,231		—			2,231
Total equity	53,943		120,026		114,705		38,901		209,813		(481,214		)	56,174
Total liabilities and equity	$	100,025	$	120,709	$	117,696	$	48,651	$	275,650	$	(482,231	)	$	180,500

Condensed Consolidating Statement of Income

For the Three Months Ended March 31, 2017



(in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Revenue:
Service revenue	$	—		$	—		$	—		$	—		$	20,463		$	—		$	20,463
Management fee revenue	275			—			270			—			—			(545		)	—
	275			—			270			—			20,463			(545		)	20,463
Costs and Expenses:
Programming and production	—			—			—			—			6,074			—			6,074
Other operating and administrative	170			—			270			306			5,626			(545		)	5,827
Advertising, marketing and promotion	—			—			—			—			1,530			—			1,530
Depreciation	7			—			—			—			1,908			—			1,915
Amortization	2			—			—			—			585			—			587
	179			—			270			306			15,723			(545		)	15,933
Operating income (loss)	96			—			—			(306		)	4,740			—			4,530
Other Income (Expense):
Interest expense	(517		)	(3		)	(60		)	(112		)	(63		)	—			(755		)
Investment income (loss), net	1			28			—			(4		)	34			—			59
Equity in net income (losses) of investees, net	2,839			2,650			2,320			1,597			1,236			(10,606		)	36
Other income (expense), net	—			—			—			28			7			—			35
	2,323			2,675			2,260			1,509			1,214			(10,606		)	(625		)
Income (loss) before income taxes	2,419			2,675			2,260			1,203			5,954			(10,606		)	3,905
Income tax (expense) benefit	147			(9		)	21			(3		)	(1,414		)	—			(1,258		)
Net income (loss)	2,566			2,666			2,281			1,200			4,540			(10,606		)	2,647
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			(81		)	—			(81		)
Net income (loss) attributable to Comcast Corporation	$	2,566		$	2,666		$	2,281		$	1,200		$	4,459		$	(10,606	)	$	2,566
Comprehensive income (loss) attributable to Comcast Corporation	$	2,810		$	2,716		$	2,282		$	1,406		$	4,703		$	(11,107	)	$	2,810

Condensed Consolidating Statement of Income

For the Three Months Ended March 31, 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	$	—		$	—		$	—		$	—		$	18,790		$	—		$	18,790
Management fee revenue	259			—			254			—			—			(513		)	—
	259			—			254			—			18,790			(513		)	18,790
Costs and Expenses:
Programming and production	—			—			—			—			5,431			—			5,431
Other operating and administrative	156			—			254			295			5,334			(513		)	5,526
Advertising, marketing and promotion	—			—			—			—			1,466			—			1,466
Depreciation	8			—			—			—			1,777			—			1,785
Amortization	1			—			—			—			492			—			493
	165			—			254			295			14,500			(513		)	14,701
Operating income (loss)	94			—			—			(295		)	4,290			—			4,089
Other Income (Expense):
Interest expense	(451		)	(3		)	(59		)	(117		)	(73		)	—			(703		)
Investment income (loss), net	—			—			—			(2		)	32			—			30
Equity in net income (losses) of investees, net	2,366			2,264			2,114			1,297			991			(9,043		)	(11		)
Other income (expense), net	—			—			—			124			6			—			130
	1,915			2,261			2,055			1,302			956			(9,043		)	(554		)
Income (loss) before income taxes	2,009			2,261			2,055			1,007			5,246			(9,043		)	3,535
Income tax (expense) benefit	125			1			21			(5		)	(1,453		)	—			(1,311		)
Net income (loss)	2,134			2,262			2,076			1,002			3,793			(9,043		)	2,224
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			(90		)	—			(90		)
Net income (loss) attributable to Comcast Corporation	$	2,134		$	2,262		$	2,076		$	1,002		$	3,703		$	(9,043	)	$	2,134
Comprehensive income (loss) attributable to Comcast Corporation	$	2,224		$	2,306		$	2,078		$	1,146		$	3,705		$	(9,235	)	$	2,224

Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 2017



(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	$	(453	)	$	(10	)	$	(168	)	$	(330	)	$	6,617		$	—	$	5,656
Investing Activities
Net transactions with affiliates	1,385			10			168			115			(1,678		)	—		—
Capital expenditures	(1		)	—			—			—			(2,077		)	—		(2,078		)
Cash paid for intangible assets	—			—			—			—			(416		)	—		(416		)
Acquisitions and construction of real estate properties	(69		)	—			—			—			(61		)	—		(130		)
Acquisitions, net of cash acquired	—			—			—			—			(216		)	—		(216		)
Proceeds from sales of investments	—			—			—			10			41			—		51
Purchases of investments	(9		)	—			—			(4		)	(1,049		)	—		(1,062		)
Other	55			—			—			—			2			—		57
Net cash provided by (used in) investing activities	1,361			10			168			121			(5,454		)	—		(3,794		)
Financing Activities
Proceeds from (repayments of) short-term borrowings, net	(1,739		)	—			—			—			(154		)	—		(1,893		)
Proceeds from borrowings	3,500			—			—			—			—			—		3,500
Repurchases and repayments of debt	(1,000		)	—			—			(3		)	(56		)	—		(1,059		)
Repurchases of common stock under repurchase program and employee plans	(996		)	—			—			—			—			—		(996		)
Dividends paid	(657		)	—			—			—			—			—		(657		)
Issuances of common stock	—			—			—			—			—			—		—
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(72		)	—		(72		)
Other	(16		)	—			—			—			52			—		36
Net cash provided by (used in) financing activities	(908		)	—			—			(3		)	(230		)	—		(1,141		)
Increase (decrease) in cash and cash equivalents	—			—			—			(212		)	933			—		721
Cash and cash equivalents, beginning of period	—			—			—			482			2,819			—		3,301
Cash and cash equivalents, end of period	$	—		$	—		$	—		$	270		$	3,752		$	—	$	4,022

Condensed Consolidating Statement of Cash Flows

For the Three Months Ended March 31, 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	$	(201	)	$	—	$	78		$	(391	)	$	5,913		$	—	$	5,399
Investing Activities
Net transactions with affiliates	(679		)	—		(78		)	63			694			—		—
Capital expenditures	(3		)	—		—			—			(1,882		)	—		(1,885		)
Cash paid for intangible assets	—			—		—			—			(378		)	—		(378		)
Acquisitions and construction of real estate properties	—			—		—			—			(140		)	—		(140		)
Acquisitions, net of cash acquired	—			—		—			—			(24		)	—		(24		)
Proceeds from sales of investments	—			—		—			101			9			—		110
Purchases of investments	(7		)	—		—			—			(441		)	—		(448		)
Other	7			—		—			(5		)	54			—		56
Net cash provided by (used in) investing activities	(682		)	—		(78		)	159			(2,108		)	—		(2,709		)
Financing Activities
Proceeds from (repayments of) short-term borrowings, net	(400		)	—		—			—			(138		)	—		(538		)
Proceeds from borrowings	3,323			—		—			—			—			—		3,323
Repurchases and repayments of debt	—			—		—			(4		)	(44		)	—		(48		)
Repurchases of common stock under repurchase program and employee plans	(1,427		)	—		—			—			—			—		(1,427		)
Dividends paid	(611		)	—		—			—			—			—		(611		)
Issuances of common stock	12			—		—			—			—			—		12
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—		—			—			(77		)	—		(77		)
Other	(14		)	—		—			—			23			—		9
Net cash provided by (used in) financing activities	883			—		—			(4		)	(236		)	—		643
Increase (decrease) in cash and cash equivalents	—			—		—			(236		)	3,569			—		3,333
Cash and cash equivalents, beginning of period	—			—		—			414			1,881			—		2,295
Cash and cash equivalents, end of period	$	—		$	—	$	—		$	178		$	5,450		$	—	$	5,628