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Segment Information
 6 Months Ended
Jun. 30, 2018
Segment Reporting Information [Line Items]  
Segment Information
Segment Information
We present our operations in five reportable business segments:
•
Cable Communications: Consists of the operations of Comcast Cable, which is one of the nation’s largest providers of video, high-speed Internet, voice, and security and automation services (“cable services”) to residential customers under the XFINITY brand; we also provide these and other services to business customers and sell advertising.
•
Cable Networks: Consists primarily of our national cable networks that provide a variety of entertainment, news and information, and sports content, our regional sports and news networks, our international cable networks, our cable television studio production operations, and various digital properties.
•
Broadcast Television: Consists primarily of the NBC and Telemundo broadcast networks, our NBC and Telemundo owned local broadcast television stations, the NBC Universo national cable network, our broadcast television studio production operations, and various digital properties.
•
Filmed Entertainment: Consists primarily of the operations of Universal Pictures, which produces, acquires, markets and distributes filmed entertainment worldwide; our films are also produced under the Illumination, DreamWorks Animation and Focus Features names.
•
Theme Parks: Consists primarily of our Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan. In addition, along with a consortium of Chinese state-owned companies, we are developing a Universal theme park and resort in Beijing, China.
We use Adjusted EBITDA to evaluate the profitability of our operating segments and the components of net income attributable to Comcast Corporation excluded from Adjusted EBITDA are not separately evaluated. Our financial data by business segment is presented in the tables below.
 
Three Months Ended June 30, 2018
(in millions)
Revenue
Adjusted EBITDA(d)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Communications
$
13,710

$
5,638

$
2,047

$
1,766

$
328

NBCUniversal
 
 
 
 
 
Cable Networks
2,916

1,186

179

8

5

Broadcast Television
2,391

417

40

32

3

Filmed Entertainment
1,710

138

63

8

8

Theme Parks
1,361

569

167

360

119

Headquarters and Other(a)
15

(148
)
104

53

31

Eliminations(b)
(80
)
(2
)
—

—

—

NBCUniversal
8,313

2,160

553

461

166

Corporate and Other(c)
255

(392
)
3

23

17

Eliminations(b)
(543
)
11

—

—

—

Comcast Consolidated
$
21,735

$
7,417

$
2,603

$
2,250

$
511

 
Three Months Ended June 30, 2017
(in millions)
Revenue
Adjusted EBITDA(d)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Communications
$
13,257

$
5,293

$
1,967

$
1,956

$
291

NBCUniversal
 
 
 
 
 
Cable Networks
2,696

1,055

181

8

4

Broadcast Television
2,241

416

31

30

4

Filmed Entertainment
2,142

287

25

19

6

Theme Parks
1,314

551

186

243

26

Headquarters and Other(a)
9

(235
)
97

38

33

Eliminations(b)
(84
)
—

—

—

—

NBCUniversal
8,318

2,074

520

338

73

Corporate and Other(c)
205

(302
)
20

33

22

Eliminations(b)
(494
)
10

—

—

—

Comcast Consolidated
$
21,286

$
7,075

$
2,507

$
2,327

$
386

 
Six Months Ended June 30, 2018
(in millions)
Revenue
Adjusted EBITDA(d)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Communications
$
27,228

$
11,053

$
4,100

$
3,454

$
597

NBCUniversal
 
 
 
 

Cable Networks(e)
6,110

2,454

368

11

9

Broadcast Television(e)
5,888

924

74

62

75

Filmed Entertainment
3,357

341

91

15

14

Theme Parks
2,642

1,064

322

542

135

Headquarters and Other(a)
29

(336
)
208

100

63

Eliminations(b)(e)
(183
)
(2
)
—

—

—

NBCUniversal
17,843

4,445

1,063

730

296

Corporate and Other(c)
646

(789
)
39

39

37

Eliminations(b)(e)
(1,191
)
(48
)
—

—

—

Comcast Consolidated
$
44,526

$
14,661

$
5,202

$
4,223

$
930

 
Six Months Ended June 30, 2017
(in millions)
Revenue
Adjusted EBITDA(d)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Communications
$
26,307

$
10,467

$
3,913

$
3,737

$
613

NBCUniversal
 
 
 
 

Cable Networks
5,336

2,170

395

10

7

Broadcast Television
4,449

738

63

59

7

Filmed Entertainment
4,109

658

47

29

11

Theme Parks
2,432

948

328

472

39

Headquarters and Other(a)
17

(420
)
195

53

64

Eliminations(b)
(172
)
(1
)
—

—

—

NBCUniversal
16,171

4,093

1,028

623

128

Corporate and Other(c)
413

(496
)
34

45

30

Eliminations(b)
(1,018
)
21

—

—

—

Comcast Consolidated
$
41,873

$
14,085

$
4,975

$
4,405

$
771


(a)
NBCUniversal Headquarters and Other activities include costs associated with overhead, allocations, personnel costs and headquarter initiatives.
(b)
Included in Eliminations are transactions that our segments enter into with one another. The most common types of transactions are the following:
•
our Cable Networks segment generates revenue by selling programming to our Cable Communications segment, which represents a substantial majority of the revenue elimination amount
•
our Broadcast Television segment generates revenue from the fees received under retransmission consent agreements with our Cable Communications segment
•
our Cable Communications segment generates revenue by selling advertising and by selling the use of satellite feeds to our Cable Networks segment
•
our Cable Networks and Broadcast Television segments generate revenue by selling advertising to our Cable Communications segment
•
our Filmed Entertainment and Broadcast Television segments generate revenue by licensing content to our Cable Networks segment; for segment reporting, this revenue is recognized as the programming rights asset for the licensed content is amortized based on third party revenue
(c)
Corporate and Other activities include costs associated with overhead and personnel, revenue and expenses associated with other business development initiatives, including our wireless phone service, and the operations of Comcast Spectacor, which owns the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania.
(d)
We use Adjusted EBITDA as the measure of profit or loss for our operating segments. Adjusted EBITDA is defined as net income attributable to Comcast Corporation before net income (loss) attributable to noncontrolling interests and redeemable subsidiary preferred stock, income tax expense, investment and other income (loss), net, interest expense, depreciation and amortization expense, and other operating gains and losses (such as impairment charges related to fixed and intangible assets and gains or losses on the sale of long-lived assets), if any. From time to time we may exclude from Adjusted EBITDA the impact of certain events, gains, losses or other charges (such as significant legal settlements) that affect the period-to-period comparability of our operating performance. Our reconciliation of the aggregate amount of Adjusted EBITDA for our reportable segments to consolidated income before income taxes is presented in the table below.
 
Three Months Ended
June 30
 
Six Months Ended
June 30
(in millions)
2018
 
2017
 
2018
 
2017
Adjusted EBITDA
$
7,417

 
$
7,075

 
$
14,661

 
$
14,085

Depreciation
(2,021
)
 
(1,970
)
 
(4,032
)
 
(3,885
)
Amortization
(582
)
 
(537
)
 
(1,170
)
 
(1,090
)
Other operating gains
200

 
—

 
200

 
—

Interest expense
(806
)
 
(758
)
 
(1,583
)
 
(1,513
)
Investment and other income (loss), net
77

 
99

 
203

 
229

Income before income taxes
$
4,285

 
$
3,909

 
$
8,279

 
$
7,826


(e)
The revenue and operating costs and expenses associated with our broadcast of the 2018 PyeongChang Olympics were reported in our Cable Networks and Broadcast Television segments. The revenue and operating costs and expenses associated with our broadcast of the 2018 Super Bowl were reported in our Broadcast Television segment. Included in Eliminations are transactions relating to these events that our Broadcast Television and Cable Networks segments enter into with our other segments.
NBCUniversal Media LLC [Member]  
Segment Reporting Information [Line Items]  
Segment Information
Segment Information
We present our operations in four reportable business segments:
•
Cable Networks: Consists primarily of our national cable networks that provide a variety of entertainment, news and information, and sports content, our regional sports and news networks, our international cable networks, our cable television studio production operations, and various digital properties.
•
Broadcast Television: Consists primarily of the NBC and Telemundo broadcast networks, our NBC and Telemundo owned local broadcast television stations, the NBC Universo national cable network, our broadcast television studio production operations, and various digital properties.
•
Filmed Entertainment: Consists primarily of the operations of Universal Pictures, which produces, acquires, markets and distributes filmed entertainment worldwide; our films are also produced under the Illumination, DreamWorks Animation and Focus Features names.
•
Theme Parks: Consists primarily of our Universal theme parks in Orlando, Florida; Hollywood, California; and Osaka, Japan. In addition, along with a consortium of Chinese state-owned companies, we are developing a Universal theme park and resort in Beijing, China.
We use Adjusted EBITDA to evaluate the profitability of our operating segments and the components of net income attributable to NBCUniversal excluded from Adjusted EBITDA are not separately evaluated. Our financial data by business segment is presented in the tables below.
 
Three Months Ended June 30, 2018
(in millions)
Revenue
Adjusted EBITDA(c)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Networks
$
2,916

$
1,186

$
179

$
8

$
5

Broadcast Television
2,391

417

40

32

3

Filmed Entertainment
1,710

138

63

8

8

Theme Parks
1,361

569

167

360

119

Headquarters and Other(a)
15

(148
)
104

53

31

Eliminations(b)
(80
)
(2
)
—

—

—

Total
$
8,313

$
2,160

$
553

$
461

$
166

 
Three Months Ended June 30, 2017
(in millions)
Revenue
Adjusted EBITDA(c)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Networks
$
2,696

$
1,055

$
181

$
8

$
4

Broadcast Television
2,241

416

31

30

4

Filmed Entertainment
2,142

287

25

19

6

Theme Parks
1,314

551

186

243

26

Headquarters and Other(a)
9

(235
)
97

38

33

Eliminations(b)
(84
)
—

—

—

—

Total
$
8,318

$
2,074

$
520

$
338

$
73

 
Six Months Ended June 30, 2018
(in millions)
Revenue
Adjusted EBITDA(c)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Networks(d)
$
6,110

$
2,454

$
368

$
11

$
9

Broadcast Television(d)
5,888

924

74

62

75

Filmed Entertainment
3,357

341

91

15

14

Theme Parks
2,642

1,064

322

542

135

Headquarters and Other(a)
29

(336
)
208

100

63

Eliminations(b)(d)
(183
)
(2
)
—

—

—

Total
$
17,843

$
4,445

$
1,063

$
730

$
296

 
 
Six Months Ended June 30, 2017
(in millions)
Revenue
Adjusted EBITDA(c)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Networks
$
5,336

$
2,170

$
395

$
10

$
7

Broadcast Television
4,449

738

63

59

7

Filmed Entertainment
4,109

658

47

29

11

Theme Parks
2,432

948

328

472

39

Headquarters and Other(a)
17

(420
)
195

53

64

Eliminations(b)
(172
)
(1
)
—

—

—

Total
$
16,171

$
4,093

$
1,028

$
623

$
128

(a)
Headquarters and Other activities include costs associated with overhead, allocations, personnel costs and headquarter initiatives.
(b)
Included in Eliminations are transactions that our segments enter into with one another, which consisted primarily of the licensing of film and television content from our Filmed Entertainment and Broadcast Television segments to our Cable Networks segment; for segment reporting, this revenue is recognized as the programming rights asset for the licensed content is amortized based on third party revenue.
(c)
We use Adjusted EBITDA as the measure of profit or loss for our operating segments. Adjusted EBITDA is defined as net income attributable to NBCUniversal before net income (loss) attributable to noncontrolling interests, income tax expense, investment and other income (loss), net, interest expense, depreciation and amortization expense, and other operating gains and losses (such as impairment charges related to fixed and intangible assets and gains or losses on the sale of long-lived assets), if any. From time to time we may exclude from Adjusted EBITDA the impact of certain events, gains, losses or other charges (such as significant legal settlements) that affect the period-to-period comparability of our operating performance. Our reconciliation of the aggregate amount of Adjusted EBITDA for our reportable segments to consolidated income before income taxes is presented in the table below.
 
Three Months Ended
June 30
 
Six Months Ended
June 30
(in millions)
2018
 
2017
 
2018
 
2017
Adjusted EBITDA
$
2,160

 
$
2,074

 
$
4,445

 
$
4,093

Depreciation
(258
)
 
(265
)
 
(500
)
 
(496
)
Amortization
(295
)
 
(255
)
 
(563
)
 
(532
)
Interest expense
(133
)
 
(149
)
 
(260
)
 
(292
)
Investment and other income (loss), net
(168
)
 
(15
)
 
(172
)
 
(16
)
Income before income taxes
$
1,306

 
$
1,390

 
$
2,950

 
$
2,757


(d)
The revenue and operating costs and expenses associated with our broadcast of the 2018 PyeongChang Olympics were reported in our Cable Networks and Broadcast Television segments. The revenue and operating costs and expenses associated with our broadcast of the 2018 Super Bowl were reported in our Broadcast Television segment. Included in Eliminations are transactions relating to these events that our Broadcast Television and Cable Networks segments enter into with our other segments.