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Segment Information (Tables)
 3 Months Ended
Mar. 31, 2019
Segment Reporting Information [Line Items]  
Financial Data by Business Segment
Our financial data by business segment is presented in the tables below.
 
Three Months Ended March 31, 2019
(in millions)
Revenue
Adjusted EBITDA(d)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Communications
$
14,280

$
5,728

$
2,035

$
1,363

$
323

NBCUniversal
 
 
 
 

Cable Networks
2,868

1,262

182

6

2

Broadcast Television
2,467

387

39

13

3

Filmed Entertainment
1,768

364

19

4

5

Theme Parks
1,276

498

162

394

19

Headquarters and Other(a)
17

(174
)
113

36

42

Eliminations(b)
(83
)
—

—

—

—

NBCUniversal
8,313

2,337

515

453

71

Sky
4,797

663

741

259

151

Corporate and Other(c)
108

(187
)
29

17

2

Eliminations(b)
(639
)
12

—

—

—

Comcast Consolidated
$
26,859

$
8,553

$
3,320

$
2,092

$
547

 
Three Months Ended March 31, 2018
(in millions)
Revenue
Adjusted EBITDA(d)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Communications
$
13,703

$
5,217

$
2,061

$
1,691

$
287

NBCUniversal
 
 
 
 

Cable Networks(e)
3,157

1,254

189

3

4

Broadcast Television(e)
3,497

507

34

30

72

Filmed Entertainment
1,647

203

28

7

6

Theme Parks
1,281

495

155

182

16

Headquarters and Other(a)
14

(188
)
104

47

32

Eliminations(b)(e)
(99
)
—

—

—

—

NBCUniversal
9,497

2,271

510

269

130

Corporate and Other(c)
243

(185
)
28

13

2

Eliminations(b)(e)
(652
)
(59
)
—

—

—

Comcast Consolidated
$
22,791

$
7,244

$
2,599

$
1,973

$
419


(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
•
our Filmed Entertainment, Cable Networks and Broadcast Television segments generate revenue by licensing content to our Sky segment
(c)
Corporate and Other activities include costs associated with overhead and personnel, revenue and expenses associated with operations of Comcast Spectacor, which owns the Philadelphia Flyers and the Wells Fargo Center arena in Philadelphia, Pennsylvania, as well as other business development initiatives.
(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
March 31
(in millions)
2019
 
2018
Adjusted EBITDA
$
8,553

 
$
7,244

Adjustment for Sky transaction-related costs
(51
)
 
—

Depreciation
(2,240
)
 
(2,011
)
Amortization
(1,080
)
 
(588
)
Interest expense
(1,150
)
 
(777
)
Investment and other income (loss), net
676

 
126

Income before income taxes
$
4,708

 
$
3,994


(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.
Reconciliation of Adjusted EBITDA from Segments to Consolidated
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
March 31
(in millions)
2019
 
2018
Adjusted EBITDA
$
8,553

 
$
7,244

Adjustment for Sky transaction-related costs
(51
)
 
—

Depreciation
(2,240
)
 
(2,011
)
Amortization
(1,080
)
 
(588
)
Interest expense
(1,150
)
 
(777
)
Investment and other income (loss), net
676

 
126

Income before income taxes
$
4,708

 
$
3,994
NBCUniversal Media LLC [Member]  
Segment Reporting Information [Line Items]  
Financial Data by Business Segment
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. To be consistent with our current management reporting presentation, 2018 operating results were reclassified related to certain NBCUniversal businesses now presented in Headquarters and Other. Our financial data by business segment is presented in the tables below.
 
Three Months Ended March 31, 2019
(in millions)
Revenue
Adjusted EBITDA(c)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Networks
$
2,868

$
1,262

$
182

$
6

$
2

Broadcast Television
2,467

387

39

13

3

Filmed Entertainment
1,768

364

19

4

5

Theme Parks
1,276

498

162

394

19

Headquarters and Other(a)
51

(164
)
113

36

42

Eliminations(b)
(85
)
—

—

—

—

Total
$
8,345

$
2,347

$
515

$
453

$
71

 
 
Three Months Ended March 31, 2018
(in millions)
Revenue
Adjusted EBITDA(c)
Depreciation and Amortization
Capital
Expenditures
Cash Paid for Intangible Assets
Cable Networks(d)
$
3,157

$
1,254

$
189

$
3

$
4

Broadcast Television(d)
3,497

507

34

30

72

Filmed Entertainment
1,647

203

28

7

6

Theme Parks
1,281

495

155

182

16

Headquarters and Other(a)
51

(174
)
104

47

32

Eliminations(b)(d)
(103
)
—

—

—

—

Total
$
9,530

$
2,285

$
510

$
269

$
130

(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
March 31
(in millions)
2019
 
2018
Adjusted EBITDA
$
2,347

 
$
2,285

Depreciation
(243
)
 
(242
)
Amortization
(272
)
 
(268
)
Interest expense
(131
)
 
(127
)
Investment and other income (loss), net
240

 
(4
)
Income before income taxes
$
1,941

 
$
1,644


(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.
Reconciliation of Adjusted EBITDA from Segments to Consolidated
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
March 31
(in millions)
2019
 
2018
Adjusted EBITDA
$
2,347

 
$
2,285

Depreciation
(243
)
 
(242
)
Amortization
(272
)
 
(268
)
Interest expense
(131
)
 
(127
)
Investment and other income (loss), net
240

 
(4
)
Income before income taxes
$
1,941

 
$
1,644