Condensed Consolidating Financial Information (Tables)

6 Months Ended

Jun. 30, 2018

Condensed Financial Information Disclosure [Abstract]

Condensed Consolidating Statement of Income

For the Three Months Ended June 30, 2018



(in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Revenue:
Service revenue	$	—		$	—		$	—		$	—		$	21,735		$	—		$	21,735
Management fee revenue	298			—			293			—			—			(591		)	—
Total revenue	298			—			293			—			21,735			(591		)	21,735
Costs and Expenses:
Programming and production	—			—			—			—			6,300			—			6,300
Other operating and administrative	190			—			293			224			6,249			(591		)	6,365
Advertising, marketing and promotion	—			—			—			—			1,653			—			1,653
Depreciation	11			—			—			—			2,010			—			2,021
Amortization	2			—			—			—			580			—			582
Other operating gains	—			—			—			—			(200		)	—			(200		)
Total cost and expenses	203			—			293			224			16,592			(591		)	16,721
Operating income (loss)	95			—			—			(224		)	5,143			—			5,014
Interest expense	(578		)	(3		)	(48		)	(113		)	(64		)	—			(806		)
Investment and other income (loss), net	3,597			3,580			2,999			1,589			1,324			(13,012		)	77
Income (loss) before income taxes	3,114			3,577			2,951			1,252			6,403			(13,012		)	4,285
Income tax (expense) benefit	102			1			10			(5		)	(1,185		)	—			(1,077		)
Net income (loss)	3,216			3,578			2,961			1,247			5,218			(13,012		)	3,208
Less: Net income (loss) attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			(8		)	—			(8		)
Net income (loss) attributable to Comcast Corporation	$	3,216		$	3,578		$	2,961		$	1,247		$	5,226		$	(13,012	)	$	3,216
Comprehensive income (loss) attributable to Comcast Corporation	$	3,069		$	3,527		$	2,960		$	1,069		$	4,903		$	(12,459	)	$	3,069

Condensed Consolidating Statement of Income

For the Three Months Ended June 30, 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	$	—		$	—		$	—		$	—		$	21,286		$	—		$	21,286
Management fee revenue	281			—			277			—			—			(558		)	—
Total revenue	281			—			277			—			21,286			(558		)	21,286
Costs and Expenses:
Programming and production	—			—			—			—			6,330			—			6,330
Other operating and administrative	200			—			277			261			5,988			(558		)	6,168
Advertising, marketing and promotion	—			—			—			—			1,713			—			1,713
Depreciation	7			—			—			—			1,963			—			1,970
Amortization	1			—			—			—			536			—			537
Other operating gains	—			—			—			—			—			—			—
Total cost and expenses	208			—			277			261			16,530			(558		)	16,718
Operating income (loss)	73			—			—			(261		)	4,756			—			4,568
Interest expense	(531		)	(3		)	(51		)	(116		)	(57		)	—			(758		)
Investment and other income (loss), net	2,819			2,642			2,306			1,664			1,352			(10,684		)	99
Income (loss) before income taxes	2,361			2,639			2,255			1,287			6,051			(10,684		)	3,909
Income tax (expense) benefit	160			(7		)	18			(8		)	(1,530		)	—			(1,367		)
Net income (loss)	2,521			2,632			2,273			1,279			4,521			(10,684		)	2,542
Less: Net income (loss) attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			21			—			21
Net income (loss) attributable to Comcast Corporation	$	2,521		$	2,632		$	2,273		$	1,279		$	4,500		$	(10,684	)	$	2,521
Comprehensive income (loss) attributable to Comcast Corporation	$	2,413		$	2,596		$	2,274		$	1,123		$	4,257		$	(10,250	)	$	2,413

Condensed Consolidating Statement of Income

For the Six Months Ended June 30, 2018



(in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Revenue:
Service revenue	$	—		$	—		$	—		$	—		$	44,526		$	—		$	44,526
Management fee revenue	590			—			579			—			—			(1,169		)	—
Total revenue	590			—			579			—			44,526			(1,169		)	44,526
Costs and Expenses:
Programming and production	—			—			—			—			13,729			—			13,729
Other operating and administrative	418			—			579			542			12,509			(1,169		)	12,879
Advertising, marketing and promotion	—			—			—			—			3,257			—			3,257
Depreciation	22			—			—			—			4,010			—			4,032
Amortization	3			—			—			—			1,167			—			1,170
Other operating gains	—			—			—			—			(200		)	—			(200		)
Total cost and expenses	443			—			579			542			34,472			(1,169		)	34,867
Operating income (loss)	147			—			—			(542		)	10,054			—			9,659
Interest expense	(1,139		)	(6		)	(95		)	(219		)	(124		)	—			(1,583		)
Investment and other income (loss), net	7,117			6,899			5,825			3,531			2,912			(26,081		)	203
Income (loss) before income taxes	6,125			6,893			5,730			2,770			12,842			(26,081		)	8,279
Income tax (expense) benefit	209			1			19			(10		)	(2,114		)	—			(1,895		)
Net income (loss)	6,334			6,894			5,749			2,760			10,728			(26,081		)	6,384
Less: Net income (loss) attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			50			—			50
Net income (loss) attributable to Comcast Corporation	$	6,334		$	6,894		$	5,749		$	2,760		$	10,678		$	(26,081	)	$	6,334
Comprehensive income (loss) attributable to Comcast Corporation	$	6,340		$	6,896		$	5,749		$	2,765		$	10,694		$	(26,104	)	$	6,340

Condensed Consolidating Statement of Income

For the Six Months Ended June 30, 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	$	—		$	—		$	—		$	—		$	41,873		$	—		$	41,873
Management fee revenue	556			—			547			—			—			(1,103		)	—
Total revenue	556			—			547			—			41,873			(1,103		)	41,873
Costs and Expenses:
Programming and production	—			—			—			—			12,391			—			12,391
Other operating and administrative	370			—			547			567			11,726			(1,103		)	12,107
Advertising, marketing and promotion	—			—			—			—			3,290			—			3,290
Depreciation	14			—			—			—			3,871			—			3,885
Amortization	3			—			—			—			1,087			—			1,090
Other operating gains	—			—			—			—			—			—			—
Total costs and expenses	387			—			547			567			32,365			(1,103		)	32,763
Operating income (loss)	169			—			—			(567		)	9,508			—			9,110
Interest expense	(1,048		)	(6		)	(111		)	(228		)	(120		)	—			(1,513		)
Investment and other income (loss), net	5,666			5,328			4,633			3,287			2,631			(21,316		)	229
Income (loss) before income taxes	4,787			5,322			4,522			2,492			12,019			(21,316		)	7,826
Income tax (expense) benefit	307			(16		)	39			(11		)	(2,948		)	—			(2,629		)
Net income (loss)	5,094			5,306			4,561			2,481			9,071			(21,316		)	5,197
Less: Net income (loss) attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			103			—			103
Net income (loss) attributable to Comcast Corporation	$	5,094		$	5,306		$	4,561		$	2,481		$	8,968		$	(21,316	)	$	5,094
Comprehensive income (loss) attributable to Comcast Corporation	$	5,230		$	5,320		$	4,563		$	2,531		$	8,969		$	(21,383	)	$	5,230

Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 2018



(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	$	(491	)	$	6		$	(78	)	$	(796	)	$	13,896		$	—	$	12,537
Investing Activities:
Net transactions with affiliates	4,096			(455		)	78			571			(4,290		)	—		—
Capital expenditures	(10		)	—			—			—			(4,213		)	—		(4,223		)
Cash paid for intangible assets	(2		)	—			—			—			(928		)	—		(930		)
Acquisitions and construction of real estate properties	(76		)	—			—			—			(28		)	—		(104		)
Construction of Universal Beijing Resort	—			—			—			—			(116		)	—		(116		)
Acquisitions, net of cash acquired	—			—			—			—			(88		)	—		(88		)
Proceeds from sales of investments	—			—			—			67			46			—		113
Purchases of investments	(28		)	—			—			(30		)	(480		)	—		(538		)
Other	—			449			—			—			131			—		580
Net cash provided by (used in) investing activities	3,980			(6		)	78			608			(9,966		)	—		(5,306		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	(902		)	—			—			—			925			—		23
Proceeds from borrowings	3,973			—			—			—			306			—		4,279
Repurchases and repayments of debt	(1,900		)	—			—			(3		)	(2,444		)	—		(4,347		)
Repurchases of common stock under repurchase program and employee plans	(2,998		)	—			—			—			—			—		(2,998		)
Dividends paid	(1,616		)	—			—			—			—			—		(1,616		)
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(140		)	—		(140		)
Other	(46		)	—			—			—			(115		)	—		(161		)
Net cash provided by (used in) financing activities	(3,489		)	—			—			(3		)	(1,468		)	—		(4,960		)
Increase (decrease) in cash, cash equivalents and restricted cash	—			—			—			(191		)	2,462			—		2,271
Cash, cash equivalents and restricted cash, beginning of period	—			—			—			496			3,075			—		3,571
Cash, cash equivalents and restricted cash, end of period	$	—		$	—		$	—		$	305		$	5,537		$	—	$	5,842

Condensed Consolidating Statement of Cash Flows

For the Six Months Ended June 30, 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	$	(465	)	$	102		$	(116	)	$	(776	)	$	12,004		$	—	$	10,749
Investing Activities:
Net transactions with affiliates	2,559			(102		)	666			605			(3,728		)	—		—
Capital expenditures	(3		)	—			—			—			(4,402		)	—		(4,405		)
Cash paid for intangible assets	(2		)	—			—			—			(769		)	—		(771		)
Acquisitions and construction of real estate properties	(143		)	—			—			—			(107		)	—		(250		)
Construction of Universal Beijing Resort	—			—			—			—			(29		)	—		(29		)
Acquisitions, net of cash acquired	—			—			—			—			(398		)	—		(398		)
Proceeds from sales of investments	—			—			—			10			47			—		57
Purchases of investments	(20		)	—			—			(57		)	(1,748		)	—		(1,825		)
Other	101			—			—			49			64			—		214
Net cash provided by (used in) investing activities	2,492			(102		)	666			607			(11,070		)	—		(7,407		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	(627		)	—			—			—			(1,068		)	—		(1,695		)
Proceeds from borrowings	3,500			—			—			—			5,463			—		8,963
Repurchases and repayments of debt	(1,000		)	—			(550		)	(3		)	(3,414		)	—		(4,967		)
Repurchases of common stock under repurchase program and employee plans	(2,476		)	—			—			—			—			—		(2,476		)
Dividends paid	(1,404		)	—			—			—			—			—		(1,404		)
Purchase of Universal Studios Japan noncontrolling interests	—			—			—			—			(2,299		)	—		(2,299		)
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(137		)	—		(137		)
Other	(20		)	—			—			—			100			—		80
Net cash provided by (used in) financing activities	(2,027		)	—			(550		)	(3		)	(1,355		)	—		(3,935		)
Increase (decrease) in cash, cash equivalents and restricted cash	—			—			—			(172		)	(421		)	—		(593		)
Cash, cash equivalents and restricted cash, beginning of period	—			—			—			482			2,933			—		3,415
Cash, cash equivalents and restricted cash, end of period	$	—		$	—		$	—		$	310		$	2,512		$	—	$	2,822

Condensed Consolidating Balance Sheet

June 30, 2018



(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	$	—	$	—	$	—	$	305	$	5,421	$	—		$	5,726
Receivables, net	—		—		—		—		8,847		—			8,847
Programming rights	—		—		—		—		1,219		—			1,219
Other current assets	73		8		—		28		2,314		—			2,423
Total current assets	73		8		—		333		17,801		—			18,215
Film and television costs	—		—		—		—		7,411		—			7,411
Investments	172		11		110		724		6,421		—			7,438
Investments in and amounts due from subsidiaries eliminated upon consolidation	120,710		149,838		145,266		52,133		116,955		(584,902		)	—
Property and equipment, net	648		—		—		—		38,707		—			39,355
Franchise rights	—		—		—		—		59,365		—			59,365
Goodwill	—		—		—		—		36,872		—			36,872
Other intangible assets, net	12		—		—		—		18,836		—			18,848
Other noncurrent assets, net	415		262		—		93		3,211		(237		)	3,744
Total assets	$	122,030	$	150,119	$	145,376	$	53,283	$	305,579	$	(585,139	)	$	191,248
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	22	$	—	$	—	$	—	$	6,918	$	—		$	6,940
Accrued participations and residuals	—		—		—		—		1,731		—			1,731
Deferred revenue	—		—		—		—		1,746		—			1,746
Accrued expenses and other current liabilities	2,198		92		322		264		3,080		—			5,956
Current portion of long-term debt	—		—		—		4		2,630		—			2,634
Total current liabilities	2,220		92		322		268		16,105		—			19,007
Long-term debt, less current portion	46,387		142		2,100		7,748		5,569		—			61,946
Deferred income taxes	—		293		—		70		25,043		(266		)	25,140
Other noncurrent liabilities	2,729		—		—		1,202		8,109		29			12,069
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,343		—			1,343
Equity:
Common stock	54		—		—		—		—		—			54
Other shareholders’ equity	70,640		149,592		142,954		43,995		248,361		(584,902		)	70,640
Total Comcast Corporation shareholders’ equity	70,694		149,592		142,954		43,995		248,361		(584,902		)	70,694
Noncontrolling interests	—		—		—		—		1,049		—			1,049
Total equity	70,694		149,592		142,954		43,995		249,410		(584,902		)	71,743
Total liabilities and equity	$	122,030	$	150,119	$	145,376	$	53,283	$	305,579	$	(585,139	)	$	191,248

Condensed Consolidating Balance Sheet

December 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	$	—	$	—	$	—	$	496	$	2,932	$	—		$	3,428
Receivables, net	—		—		—		—		8,834		—			8,834
Programming rights	—		—		—		—		1,613		—			1,613
Other current assets	60		—		7		25		2,376		—			2,468
Total current assets	60		—		7		521		15,755		—			16,343
Film and television costs	—		—		—		—		7,087		—			7,087
Investments	146		21		108		693		5,963		—			6,931
Investments in and amounts due from subsidiaries eliminated upon consolidation	117,164		142,519		139,528		50,102		113,332		(562,645		)	—
Property and equipment, net	551		—		—		—		37,919		—			38,470
Franchise rights	—		—		—		—		59,364		—			59,364
Goodwill	—		—		—		—		36,780		—			36,780
Other intangible assets, net	12		—		—		—		18,121		—			18,133
Other noncurrent assets, net	435		708		—		88		3,437		(314		)	4,354
Total assets	$	118,368	$	143,248	$	139,643	$	51,404	$	297,758	$	(562,959	)	$	187,462
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	16	$	—	$	—	$	—	$	6,892	$	—		$	6,908
Accrued participations and residuals	—		—		—		—		1,644		—			1,644
Deferred revenue	—		—		—		—		1,687		—			1,687
Accrued expenses and other current liabilities	1,888		92		333		326		3,981		—			6,620
Current portion of long-term debt	2,810		—		—		4		2,320		—			5,134
Total current liabilities	4,714		92		333		330		16,524		—			21,993
Long-term debt, less current portion	42,428		140		2,100		7,751		7,003		—			59,422
Deferred income taxes	—		285		—		67		24,250		(343		)	24,259
Other noncurrent liabilities	2,610		—		—		1,128		7,205		29			10,972
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,357		—			1,357
Equity:
Common stock	55		—		—		—		—		—			55
Other shareholders’ equity	68,561		142,731		137,210		42,128		240,576		(562,645		)	68,561
Total Comcast Corporation shareholders’ equity	68,616		142,731		137,210		42,128		240,576		(562,645		)	68,616
Noncontrolling interests	—		—		—		—		843		—			843
Total equity	68,616		142,731		137,210		42,128		241,419		(562,645		)	69,459
Total liabilities and equity	$	118,368	$	143,248	$	139,643	$	51,404	$	297,758	$	(562,959	)	$	187,462