Condensed Consolidating Financial Information (Tables)

Condensed Consolidating Statement of Income



For the Year Ended December 31, 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	$	—		$	—		$	—		$	—		$	94,507		$	—		$	94,507
Management fee revenue	1,197			—			1,175			—			—			(2,372		)	—
Total revenue	1,197			—			1,175			—			94,507			(2,372		)	94,507
Costs and Expenses:
Programming and production	—			—			—			—			29,692			—			29,692
Other operating and administrative	947			—			1,175			1,023			27,321			(2,372		)	28,094
Advertising, marketing and promotion	—			—			—			—			7,036			—			7,036
Depreciation	46			—			—			—			8,235			—			8,281
Amortization	5			—			—			—			2,731			—			2,736
Other operating gains	—			—			—			—			(341		)	—			(341		)
Total costs and expenses	998			—			1,175			1,023			74,674			(2,372		)	75,498
Operating income (loss)	199			—			—			(1,023		)	19,833			—			19,009
Interest expense	(2,644		)	(12		)	(190		)	(430		)	(266		)	—			(3,542		)
Investment and other income (loss), net	13,638			13,604			12,021			6,694			5,054			(51,236		)	(225		)
Income (loss) before income taxes	11,193			13,592			11,831			5,241			24,621			(51,236		)	15,242
Income tax (expense) benefit	538			8			40			(4		)	(3,962		)	—			(3,380		)
Net income (loss)	11,731			13,600			11,871			5,237			20,659			(51,236		)	11,862
Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			131			—			131
Net income (loss) attributable to Comcast Corporation	$	11,731		$	13,600		$	11,871		$	5,237		$	20,528		$	(51,236	)	$	11,731
Comprehensive income (loss) attributable to Comcast Corporation	$	10,908		$	13,623		$	11,873		$	5,279		$	19,553		$	(50,328	)	$	10,908

Condensed Consolidating Statement of Income



For the Year Ended December 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	$	—		$	—		$	—		$	—		$	85,029		$	—		$	85,029
Management fee revenue	1,128			—			1,109			—			—			(2,237		)	—
Total revenue	1,128			—			1,109			—			85,029			(2,237		)	85,029
Costs and Expenses:
Programming and production	—			—			—			—			25,355			—			25,355
Other operating and administrative	766			—			1,109			1,044			24,767			(2,237		)	25,449
Advertising, marketing and promotion	—			—			—			—			6,519			—			6,519
Depreciation	31			—			—			—			7,883			—			7,914
Amortization	6			—			—			—			2,210			—			2,216
Other operating gains	—			—			—			—			(442		)	—			(442		)
Total costs and expenses	803			—			1,109			1,044			66,292			(2,237		)	67,011
Operating income (loss)	325			—			—			(1,044		)	18,737			—			18,018
Interest expense	(2,172		)	(12		)	(207		)	(456		)	(239		)	—			(3,086		)
Investment and other income (loss), net	24,076			21,767			19,610			6,584			5,545			(77,161		)	421
Income (loss) before income taxes	22,229			21,755			19,403			5,084			24,043			(77,161		)	15,353
Income tax (expense) benefit	506			156			71			(4		)	6,840			—			7,569
Net income (loss)	22,735			21,911			19,474			5,080			30,883			(77,161		)	22,922
Less: Net income loss attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			187			—			187
Net income (loss) attributable to Comcast Corporation	$	22,735		$	21,911		$	19,474		$	5,080		$	30,696		$	(77,161	)	$	22,735
Comprehensive income (loss) attributable to Comcast Corporation	$	22,822		$	21,909		$	19,477		$	5,054		$	30,558		$	(76,998	)	$	22,822

Condensed Consolidating Statement of Income



For the Year Ended December 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	$	—		$	—		$	—		$	—		$	80,736		$	—		$	80,736
Management fee revenue	1,067			—			1,049			—			—			(2,116		)	—
Total revenue	1,067			—			1,049			—			80,736			(2,116		)	80,736
Costs and Expenses:
Programming and production	—			—			—			—			24,348			—			24,348
Other operating and administrative	813			—			1,049			932			23,162			(2,116		)	23,840
Advertising, marketing and promotion	—			—			—			—			6,291			—			6,291
Depreciation	28			—			—			—			7,436			—			7,464
Amortization	6			—			—			—			1,956			—			1,962
Other operating gains	—			—			—			—			—			—			—
Total costs and expenses	847			—			1,049			932			63,193			(2,116		)	63,905
Operating income (loss)	220			—			—			(932		)	17,543			—			16,831
Interest expense	(1,941		)	(12		)	(239		)	(456		)	(294		)	—			(2,942		)
Investment and other income (loss), net	9,799			9,289			8,703			5,572			4,515			(37,441		)	437
Income (loss) before income taxes	8,078			9,277			8,464			4,184			21,764			(37,441		)	14,326
Income tax (expense) benefit	600			6			84			(13		)	(5,975		)	—			(5,298		)
Net income (loss)	8,678			9,283			8,548			4,171			15,789			(37,441		)	9,028
Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			350			—			350
Net income (loss) attributable to Comcast Corporation	$	8,678		$	9,283		$	8,548		$	4,171		$	15,439		$	(37,441	)	$	8,678
Comprehensive income (loss) attributable to Comcast Corporation	$	8,950		$	9,325		$	8,554		$	4,248		$	15,529		$	(37,656	)	$	8,950

Condensed Consolidating Statement of Cash Flows



For the Year Ended December 31, 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	$	(2,245	)	$	126		$	(112	)	$	(1,430	)	$	27,958		$	—	$	24,297
Investing Activities:
Net transactions with affiliates	(26,179		)	(575		)	112			1,336			25,306			—		—
Capital expenditures	(27		)	—			—			—			(9,747		)	—		(9,774		)
Cash paid for intangible assets	(4		)	—			—			—			(1,931		)	—		(1,935		)
Acquisitions and construction of real estate properties	(105		)	—			—			—			(38		)	—		(143		)
Construction of Universal Beijing Resort	—			—			—			—			(460		)	—		(460		)
Acquisitions, net of cash acquired	—			—			—			—			(38,219		)	—		(38,219		)
Proceeds from sales of businesses and investments	—			—			—			68			73			—		141
Purchases of investments	(126		)	—			—			(50		)	(1,081		)	—		(1,257		)
Deposits	—			—			—			—			—			—		—
Other	148			449			—			—			196			—		793
Net cash provided by (used in) investing activities	(26,293		)	(126		)	112			1,354			(25,901		)	—		(50,854		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	(902		)	—			—			—			1,281			—		379
Proceeds from borrowings	44,113			—			—			—			668			—		44,781
Repurchases and repayments of debt	(5,737		)	—			—			(4		)	(3,057		)	—		(8,798		)
Repurchases of common stock under repurchase program and employee plans	(5,320		)	—			—			—			—			—		(5,320		)
Dividends paid	(3,352		)	—			—			—			—			—		(3,352		)
Purchase of Universal Studios Japan noncontrolling interests	—			—			—			—			—			—		—
Issuances of common stock	—			—			—			—			—			—		—
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(277		)	—		(277		)
Other	(201		)	—			—			—			(72		)	—		(273		)
Net cash provided by (used in) financing activities	28,601			—			—			(4		)	(1,457		)	—		27,140
Impact of foreign currency on cash, cash equivalents and restricted cash	(63		)	—			—			—			(182		)	—		(245		)
Increase (decrease) in cash and cash equivalents and restricted cash	—			—			—			(80		)	418			—		338
Cash, cash equivalents and restricted cash, beginning of year	—			—			—			496			3,075			—		3,571
Cash, cash equivalents and restricted cash, end of year	$	—		$	—		$	—		$	416		$	3,493		$	—	$	3,909

Condensed Consolidating Statement of Cash Flows



For the Year Ended December 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	$	151		$	15		$	(147	)	$	(1,439	)	$	22,681		$	—	$	21,261
Investing Activities:
Net transactions with affiliates	5,578			(5		)	757			1,447			(7,777		)	—		—
Capital expenditures	(12		)	—			—			—			(9,538		)	—		(9,550		)
Cash paid for intangible assets	(4		)	—			—			—			(1,601		)	—		(1,605		)
Acquisitions and construction of real estate properties	(267		)	—			—			—			(151		)	—		(418		)
Construction of Universal Beijing Resort	—			—			—			—			(71		)	—		(71		)
Acquisitions, net of cash acquired	—			—			—			—			(532		)	—		(532		)
Proceeds from sales of businesses and investments	—			—			—			14			136			—		150
Purchases of investments	(70		)	(10		)	(60		)	(62		)	(2,090		)	—		(2,292		)
Deposits	—			—			—			—			—			—		—
Other	101			—			—			58			626			—		785
Net cash provided by (used in) investing activities	5,326			(15		)	697			1,457			(20,998		)	—		(13,533		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	(837		)	—			—			—			(1,068		)	—		(1,905		)
Proceeds from borrowings	5,997			—			—			—			5,469			—		11,466
Repurchases and repayments of debt	(2,288		)	—			(550		)	(4		)	(3,522		)	—		(6,364		)
Repurchases of common stock under repurchase program and employee plans	(5,435		)	—			—			—			—			—		(5,435		)
Dividends paid	(2,883		)	—			—			—			—			—		(2,883		)
Purchase of Universal Studios Japan noncontrolling interests	—			—			—			—			(2,299		)	—		(2,299		)
Issuances of common stock	—			—			—			—			—			—		—
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(252		)	—		(252		)
Other	(31		)	—			—			—			131			—		100
Net cash provided by (used in) financing activities	(5,477		)	—			(550		)	(4		)	(1,541		)	—		(7,572		)
Increase (decrease) in cash and cash equivalents and restricted cash	—			—			—			14			142			—		156
Cash, cash equivalents and restricted cash, beginning of year	—			—			—			482			2,933			—		3,415
Cash, cash equivalents and restricted cash, end of year	$	—		$	—		$	—		$	496		$	3,075		$	—	$	3,571

Condensed Consolidating Statement of Cash Flows



For the Year Ended December 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	$	349		$	(336	)	$	(100	)	$	(1,453	)	$	21,231		$	—	$	19,691
Investing Activities:
Net transactions with affiliates	(1,956		)	336			100			2,642			(1,122		)	—		—
Capital expenditures	(13		)	—			—			—			(9,122		)	—		(9,135		)
Cash paid for intangible assets	(9		)	—			—			—			(1,543		)	—		(1,552		)
Acquisitions and construction of real estate properties	(35		)	—			—			—			(393		)	—		(428		)
Construction of Universal Beijing Resort	—			—			—			—			(22		)	—		(22		)
Acquisitions, net of cash acquired	—			—			—			—			(3,929		)	—		(3,929		)
Proceeds from sales of businesses and investments	—			—			—			104			114			—		218
Purchases of investments	(40		)	—			—			(210		)	(1,447		)	—		(1,697		)
Deposits	—			—			—			—			(1,749		)	—		(1,749		)
Other	(108		)	—			—			(35		)	172			—		29
Net cash provided by (used in) investing activities	(2,161		)	336			100			2,501			(19,041		)	—		(18,265		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	1,339			—			—			—			451			—		1,790
Proceeds from borrowings	9,231			—			—			—			—			—		9,231
Repurchases and repayments of debt	(750		)	—			—			(1,005		)	(1,297		)	—		(3,052		)
Repurchases of common stock under repurchase program and employee plans	(5,352		)	—			—			—			—			—		(5,352		)
Dividends paid	(2,601		)	—			—			—			—			—		(2,601		)
Issuances of common stock	23			—			—			—			—			—		23
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(253		)	—		(253		)
Other	(78		)	—			—			25			(167		)	—		(220		)
Net cash provided by (used in) financing activities	1,812			—			—			(980		)	(1,266		)	—		(434		)
Increase (decrease) in cash and cash equivalents and restricted cash	—			—			—			68			924			—		992
Cash, cash equivalents and restricted cash, beginning of year	—			—			—			414			2,009			—		2,423
Cash, cash equivalents and restricted cash, end of year	$	—		$	—		$	—		$	482		$	2,933		$	—	$	3,415

Condensed Consolidating Balance Sheet



December 31, 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	$	—	$	—	$	—	$	416	$	3,398	$	—		$	3,814
Receivables, net	—		—		—		—		11,104		—			11,104
Programming rights	—		—		—		—		3,746		—			3,746
Other current assets	66		20		—		28		3,070		—			3,184
Total current assets	66		20		—		444		21,318		—			21,848
Film and television costs	—		—		—		—		7,837		—			7,837
Investments	270		11		143		790		6,669		—			7,883
Investments in and amounts due from subsidiaries eliminated upon consolidation	157,264		147,028		130,214		53,853		97,872		(586,231		)	—
Property and equipment, net	670		—		—		—		43,767		—			44,437
Franchise rights	—		—		—		—		59,365		—			59,365
Goodwill	—		—		—		—		66,154		—			66,154
Other intangible assets, net	11		—		—		—		38,347		—			38,358
Other noncurrent assets, net	1,057		208		—		85		4,910		(458		)	5,802
Total assets	$	159,338	$	147,267	$	130,357	$	55,172	$	346,239	$	(586,689	)	$	251,684
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	2	$	—	$	—	$	—	$	8,492	$	—		$	8,494
Accrued participations and residuals	—		—		—		—		1,808		—			1,808
Deferred revenue	—		—		—		—		2,182		—			2,182
Accrued expenses and other current liabilities	2,357		150		360		282		7,572		—			10,721
Current portion of long-term debt	699		—		—		4		3,695		—			4,398
Total current liabilities	3,058		150		360		286		23,749		—			27,603
Long-term debt, less current portion	81,661		146		2,100		7,748		15,690		—			107,345
Deferred income taxes	—		314		—		65		27,734		(524		)	27,589
Other noncurrent liabilities	3,006		—		—		1,201		11,056		66			15,329
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,316		—			1,316
Equity:
Common stock	54		—		—		—		—		—			54
Other shareholders’ equity	71,559		146,657		127,897		45,872		265,805		(586,231		)	71,559
Total Comcast Corporation shareholders’ equity	71,613		146,657		127,897		45,872		265,805		(586,231		)	71,613
Noncontrolling interests	—		—		—		—		889		—			889
Total equity	71,613		146,657		127,897		45,872		266,694		(586,231		)	72,502
Total liabilities and equity	$	159,338	$	147,267	$	130,357	$	55,172	$	346,239	$	(586,689	)	$	251,684

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