Condensed Consolidating Financial Information (Tables)

3 Months Ended

Mar. 31, 2013

Condensed Consolidating Financial Information [Abstract]

Schedule of Condensed Consolidating Balance Sheets

Condensed Consolidating Balance Sheet
March 31, 2013

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	-	$	313	$	1,526	$	-	$	1,839
	Investments		-		-		-		-		-		2,841		-		2,841
	Receivables, net		-		-		-		-		-		5,063		-		5,063
	Programming rights		-		-		-		-		-		901		-		901
	Other current assets		224		-		4		2		47		862		-		1,139
Total current assets			224		-		4		2		360		11,193		-		11,783
Film and television costs			-		-		-		-		-		4,653		-		4,653
Investments			8		-		-		-		527		4,898		-		5,433
Investments in and amounts due from subsidiaries eliminated upon consolidation			76,651		90,959		96,939		50,775		40,360		77,765		(433,449)		-
Property and equipment, net			235		-		-		-		-		27,984		-		28,219
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		26,996		-		26,996
Other intangible assets, net			11		-		-		-		-		17,573		-		17,584
Other noncurrent assets, net			1,045		146		-		-		116		1,898		(873)		2,332
Total assets		$	78,174	$	91,105	$	96,943	$	50,777	$	41,363	$	232,324	$	(434,322)	$	156,364

Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	8	$	-	$	-	$	-	$	-	$	5,742	$	-	$	5,750
	Accrued participations and residuals		-		-		-		-		-		1,469		-		1,469
	Accrued expenses and other current liabilities		1,355		277		303		24		346		6,317		-		8,622
	Current portion of long-term debt		1,530		-		384		240		2		21		-		2,177
Total current liabilities			2,893		277		687		264		348		13,549		-		18,018
Long-term debt, less current portion			25,122		117		1,827		1,510		11,134		5,339		-		45,049
Deferred income taxes			-		760		-		-		121		31,001		(730)		31,152
Other noncurrent liabilities			1,969		-		-		-		957		9,857		(143)		12,640
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		-		854		-		854
Equity:
	Common stock		31		-		-		-		-		-		-		31
	Other shareholders’ equity		48,159		89,951		94,429		49,003		28,803		171,263		(433,449)		48,159
Total Comcast Corporation
	shareholders’ equity		48,190		89,951		94,429		49,003		28,803		171,263		(433,449)		48,190
Noncontrolling interests			-		-		-		-		-		461		-		461
Total equity			48,190		89,951		94,429		49,003		28,803		171,724		(433,449)		48,651
Total liabilities and equity		$	78,174	$	91,105	$	96,943	$	50,777	$	41,363	$	232,324	$	(434,322)	$	156,364

Condensed Consolidating Balance Sheet
December 31, 2012

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Assets
	Cash and cash equivalents	$	-	$	-	$	-	$	-	$	5,129	$	5,822	$	-	$	10,951
	Investments		-		-		-		-		-		1,464		-		1,464
	Receivables, net		-		-		-		-		3		5,518		-		5,521
	Programming rights		-		-		-		-		-		909		-		909
	Other current assets		233		-		14		4		51		844		-		1,146
Total current assets			233		-		14		4		5,183		14,557		-		19,991
Film and television costs			-		-		-		-		-		5,054		-		5,054
Investments			-		-		-		-		529		5,796		-		6,325
Investments in and amounts due from subsidiaries eliminated upon consolidation			74,227		87,630		96,853		50,242		38,464		73,298		(420,714)		-
Property and equipment, net			242		-		-		-		-		26,990		-		27,232
Franchise rights			-		-		-		-		-		59,364		-		59,364
Goodwill			-		-		-		-		-		26,985		-		26,985
Other intangible assets, net			12		-		-		-		-		17,828		-		17,840
Other noncurrent assets, net			1,130		147		1		-		152		1,650		(900)		2,180
Total assets		$	75,844	$	87,777	$	96,868	$	50,246	$	44,328	$	231,522	$	(421,614)	$	164,971

Liabilities and Equity
	Accounts payable and accrued expenses related to trade creditors	$	8	$	-	$	-	$	-	$	-	$	6,198	$	-	$	6,206
	Accrued participations and residuals		-		-		-		-		-		1,350		-		1,350
	Accrued expenses and other current liabilities		1,290		275		210		54		263		4,690		-		6,782
	Current portion of long-term debt		-		-		2,105		241		7		23		-		2,376
Total current liabilities			1,298		275		2,315		295		270		12,261		-		16,714
Long-term debt, less current portion			23,306		113		1,827		1,512		11,219		105		-		38,082
Deferred income taxes			-		754		-		-		78		30,035		(757)		30,110
Other noncurrent liabilities			1,884		-		-		-		926		10,604		(143)		13,271
Redeemable noncontrolling interests and redeemable subsidiary preferred stock			-		-		-		-		-		16,998		-		16,998
Equity:
	Common stock		31		-		-		-		-		-		-		31
	Other shareholders’ equity		49,325		86,635		92,726		48,439		31,835		161,079		(420,714)		49,325
Total Comcast Corporation shareholders’ equity			49,356		86,635		92,726		48,439		31,835		161,079		(420,714)		49,356
Noncontrolling interests			-		-		-		-		-		440		-		440
Total equity			49,356		86,635		92,726		48,439		31,835		161,519		(420,714)		49,796
Total liabilities and equity		$	75,844	$	87,777	$	96,868	$	50,246	$	44,328	$	231,522	$	(421,614)	$	164,971

Schedule of Condensed Consolidating Statement of Income

Condensed Consolidating Statement of Income
For the Three Months Ended March 31, 2013

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	15,310	$	-	$	15,310
	Management fee revenue		218		-		212		133		-		-		(563)		-
			218		-		212		133		-		15,310		(563)		15,310
Costs and Expenses:
	Programming and production		-		-		-		-		-		4,663		-		4,663
	Other operating and administrative		98		-		212		133		225		4,361		(563)		4,466
	Advertising, marketing and promotion		-		-		-		-		-		1,147		-		1,147
	Depreciation		7		-		-		-		-		1,559		-		1,566
	Amortization		1		-		-		-		-		400		-		401
			106		-		212		133		225		12,130		(563)		12,243
Operating income (loss)			112		-		-		-		(225)		3,180		-		3,067
Other Income (Expense):
	Interest expense		(376)		(3)		(78)		(33)		(120)		(43)		-		(653)
	Investment income (loss), net		1		(3)		-		-		(4)		78		-		72
	Equity in net income
	(losses) of investees, net		1,608		1,742		1,763		1,262		709		366		(7,439)		11
	Other income (expense), net		(1)		-		-		-		-		74		-		73
			1,232		1,736		1,685		1,229		585		475		(7,439)		(497)
Income (loss) before income taxes			1,344		1,736		1,685		1,229		360		3,655		(7,439)		2,570
Income tax (expense) benefit			93		2		27		11		(5)		(1,053)		-		(925)
Net income (loss)			1,437		1,738		1,712		1,240		355		2,602		(7,439)		1,645
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(208)		-		(208)
Net income (loss) attributable
	to Comcast Corporation	$	1,437	$	1,738	$	1,712	$	1,240	$	355	$	2,394	$	(7,439)	$	1,437
Comprehensive income (loss)
	attributable to Comcast Corporation	$	1,437	$	1,738	$	1,714	$	1,240	$	333	$	2,407	$	(7,432)	$	1,437

Condensed Consolidating Statement of Income
For the Three Months Ended March 31, 2012

(in millions)			Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non- Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Revenue:
	Service revenue	$	-	$	-	$	-	$	-	$	-	$	14,878	$	-	$	14,878
	Management fee revenue		204		-		200		125		-		-		(529)		-
			204		-		200		125		-		14,878		(529)		14,878
Costs and Expenses:
	Programming and production		-		-		-		-		-		4,737		-		4,737
	Other operating and administrative		92		-		200		125		253		4,103		(529)		4,244
	Advertising, marketing and promotion		-		-		-		-		-		1,209		-		1,209
	Depreciation		7		-		-		-		-		1,522		-		1,529
	Amortization		1		-		-		-		-		400		-		401
			100		-		200		125		253		11,971		(529)		12,120
Operating income (loss)			104		-		-		-		(253)		2,907		-		2,758
Other Income (Expense):
	Interest expense		(367)		(8)		(82)		(36)		(102)		(45)		-		(640)
	Investment income (loss), net		1		-		-		-		-		91		-		92
	Equity in net income (losses) of
	investees, net		1,394		1,504		1,543		1,049		743		388		(6,618)		3
	Other income (expense), net		-		-		-		-		(1)		(15)		-		(16)
			1,028		1,496		1,461		1,013		640		419		(6,618)		(561)
Income (loss) before income taxes			1,132		1,496		1,461		1,013		387		3,326		(6,618)		2,197
Income tax (expense) benefit			92		3		29		13		(2)		(885)		-		(750)
Net income (loss)			1,224		1,499		1,490		1,026		385		2,441		(6,618)		1,447
Net (income) loss attributable
	to noncontrolling interests and redeemable subsidiary preferred stock		-		-		-		-		-		(223)		-		(223)
Net (income) loss
	attributable to Comcast Corporation	$	1,224	$	1,499	$	1,490	$	1,026	$	385	$	2,218	$	(6,618)	$	1,224
Comprehensive
	income (loss) attributable to Comcast Corporation	$	1,227	$	1,499	$	1,492	$	1,026	$	386	$	2,216	$	(6,618)	$	1,228

Schedule of Condensed Consolidating Statement of Cash Flows

Condensed Consolidating Statement of Cash Flows
For the Three Months Ended March 31, 2013
(in millions)		Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities	$	(112)	$	3	$	49	$	(53)	$	(227)	$	4,709	$	-	$	4,369
Investing Activities:
Net transactions with affiliates		(2,480)		(6)		1,665		53		(1,251)		2,019		-		-
Capital expenditures		-		-		-		-		-		(1,361)		-		(1,361)
Cash paid for intangible assets		-		-		-		-		-		(182)		-		(182)
Acquisition of 30 Rockefeller Plaza properties		-		-		-		-		-		(1,311)		-		(1,311)
Proceeds from sales of businesses and investments		-		-		-		-		-		74		-		74
Return of capital from investees		-		-		-		-		-		16		-		16
Purchases of investments		-		-		-		-		(1)		(87)		-		(88)
Other		-		3		-		-		(10)		96		-		89
Net cash provided by (used in) investing activities		(2,480)		(3)		1,665		53		(1,262)		(736)		-		(2,763)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net		500		-		-		-		-		(9)		-		491
Proceeds from borrowings		2,933		-		-		-		-		-		-		2,933
Repurchases and repayments of debt		-		-		(1,714)		-		(87)		(10)		-		(1,811)
Repurchases and retirements of common stock		(500)		-		-		-		-		-		-		(500)
Dividends paid		(429)		-		-		-		-		-		-		(429)
Issuances of common stock		13		-		-		-		-		-		-		13
Purchase of NBCUniversal noncontrolling common equity interest		-		-		-		-		(3,200)		(7,547)		-		(10,747)
Distributions (to) from noncontrolling interests		-		-		-		-		-		(49)		-		(49)
Settlement of Station Venture liability										-		(602)				(602)
Other		75		-		-		-		(40)		(52)		-		(17)
Net cash provided by (used in) financing activities		2,592		-		(1,714)		-		(3,327)		(8,269)		-		(10,718)
Increase (decrease) in cash and cash equivalents		-		-		-		-		(4,816)		(4,296)		-		(9,112)
Cash and cash equivalents, beginning of period		-		-		-		-		5,129		5,822		-		10,951
Cash and cash equivalents, end of period	$	-	$	-	$	-	$	-	$	313	$	1,526	$	-	$	1,839

Condensed Consolidating Statement of Cash Flows
For the Three Months Ended March 31, 2012
(in millions)		Comcast Parent		Comcast Holdings		CCCL Parent		Combined CCHMO Parents		NBCUniversal Media Parent		Non-Guarantor Subsidiaries		Elimination and Consolidation Adjustments		Consolidated Comcast Corporation
Net cash provided by (used in) operating activities	$	(242)	$	(9)	$	53	$	(77)	$	(301)	$	4,969	$	-	$	4,393
Investing Activities:
Net transactions with affiliates		1,639		9		(53)		630		742		(2,967)		-		-
Capital expenditures		(2)		-		-		-		-		(1,172)		-		(1,174)
Cash paid for intangible assets		(1)		-		-		-		-		(183)		-		(184)
Proceeds from sales of businesses and investments		-		-		-		-		-		35		-		35
Purchases of investments		-		-		-		-		(3)		(59)		-		(62)
Other		-		-		-		-		(12)		48		-		36
Net cash provided by (used in) investing activities		1,636		9		(53)		630		727		(4,298)		-		(1,349)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net		-		-		-		-		(400)		(7)		-		(407)
Repurchases and repayments of debt		(563)		-		-		(553)		-		(9)		-		(1,125)
Repurchases and retirements of common stock		(750)		-		-		-		-		-		-		(750)
Dividends paid		(304)		-		-		-		-		-		-		(304)
Issuances of common stock		150		-		-		-		-		-		-		150
Distributions (to) from noncontrolling interests		-		-		-		-		-		(58)		-		(58)
Other		73		-		-		-		-		(36)		-		37
Net cash provided by (used in) financing activities		(1,394)		-		-		(553)		(400)		(110)		-		(2,457)
Increase (decrease) in cash and cash equivalents		-		-		-		-		26		561		-		587
Cash and cash equivalents, beginning of period		-		-		-		-		238		1,382		-		1,620
Cash and cash equivalents, end of period	$	-	$	-	$	-	$	-	$	264	$	1,943	$	-	$	2,207