| Financial Data by Business Segment |
Our financial data by reportable business segment is presented in the tables below. We do not present a measure of total assets for our reportable business segments as this information is not used by management to allocate resources and capital. | | | | | | | | | | | | | | | | | | | | (in millions) | Revenue(f) |
| Operating
Income (Loss)
Before
Depreciation
and
Amortization(g) |
| Depreciation
and
Amortization |
| Operating
Income
(Loss) |
| Capital
Expenditures |
| Cash Paid for Intangible Assets |
| 2016 | | | | | | | Cable Communications(a)(b) | $ | 50,048 |
| $ | 20,109 |
| $ | 7,670 |
| $ | 12,439 |
| $ | 7,596 |
| $ | 1,377 |
| NBCUniversal | | | | | | | Cable Networks(c) | 10,464 |
| 3,709 |
| 745 |
| 2,964 |
| 32 |
| 20 |
| Broadcast Television(c) | 10,147 |
| 1,320 |
| 125 |
| 1,195 |
| 153 |
| 19 |
| Filmed Entertainment | 6,360 |
| 697 |
| 47 |
| 650 |
| 33 |
| 16 |
| Theme Parks | 4,946 |
| 2,190 |
| 512 |
| 1,678 |
| 922 |
| 72 |
| Headquarters and Other(d) | 20 |
| (699 | ) | 376 |
| (1,075 | ) | 312 |
| 156 |
| Eliminations(e) | (344 | ) | 10 |
| — |
| 10 |
| — |
| — |
| NBCUniversal | 31,593 |
| 7,227 |
| 1,805 |
| 5,422 |
| 1,452 |
| 283 |
| Corporate and Other(b) | 750 |
| (874 | ) | 83 |
| (957 | ) | 87 |
| 26 |
| Eliminations(e) | (1,988 | ) | (45 | ) | — |
| (45 | ) | — |
| — |
| Comcast Consolidated | $ | 80,403 |
| $ | 26,417 |
| $ | 9,558 |
| $ | 16,859 |
| $ | 9,135 |
| $ | 1,686 |
|
| | | | | | | | | | | | | | | | | | | | (in millions) | Revenue(f) |
| Operating
Income (Loss)
Before
Depreciation
and
Amortization(g) |
| Depreciation
and
Amortization |
| Operating
Income
(Loss) |
| Capital
Expenditures |
| Cash Paid for Intangible Assets |
| 2015 | | | | | | | Cable Communications(a)(b) | $ | 46,928 |
| $ | 19,037 |
| $ | 7,051 |
| $ | 11,986 |
| $ | 7,040 |
| $ | 1,151 |
| NBCUniversal | | | | | | | Cable Networks | 9,628 |
| 3,499 |
| 784 |
| 2,715 |
| 44 |
| 22 |
| Broadcast Television(c) | 8,530 |
| 780 |
| 111 |
| 669 |
| 117 |
| 17 |
| Filmed Entertainment | 7,287 |
| 1,234 |
| 26 |
| 1,208 |
| 14 |
| 20 |
| Theme Parks | 3,339 |
| 1,464 |
| 292 |
| 1,172 |
| 833 |
| 54 |
| Headquarters and Other(d) | 14 |
| (625 | ) | 326 |
| (951 | ) | 378 |
| 98 |
| Eliminations(e) | (336 | ) | — |
| — |
| — |
| — |
| — |
| NBCUniversal | 28,462 |
| 6,352 |
| 1,539 |
| 4,813 |
| 1,386 |
| 211 |
| Corporate and Other(b) | 713 |
| (815 | ) | 90 |
| (905 | ) | 73 |
| 8 |
| Eliminations(e) | (1,593 | ) | 104 |
| — |
| 104 |
| — |
| — |
| Comcast Consolidated | $ | 74,510 |
| $ | 24,678 |
| $ | 8,680 |
| $ | 15,998 |
| $ | 8,499 |
| $ | 1,370 |
|
| | | | | | | | | | | | | | | | | | | | (in millions) | Revenue(f) |
| Operating
Income (Loss)
Before
Depreciation
and
Amortization(g) |
| Depreciation
and
Amortization |
| Operating
Income
(Loss) |
| Capital
Expenditures |
| Cash Paid for Intangible Assets |
| 2014 | | | | | | | Cable Communications(a)(b) | $ | 44,165 |
| $ | 18,097 |
| $ | 6,436 |
| $ | 11,661 |
| $ | 6,156 |
| $ | 979 |
| NBCUniversal | | | | | | | Cable Networks(c) | 9,563 |
| 3,589 |
| 748 |
| 2,841 |
| 49 |
| 21 |
| Broadcast Television(c) | 8,542 |
| 734 |
| 127 |
| 607 |
| 76 |
| 12 |
| Filmed Entertainment | 5,008 |
| 711 |
| 21 |
| 690 |
| 11 |
| 7 |
| Theme Parks | 2,623 |
| 1,096 |
| 273 |
| 823 |
| 671 |
| 15 |
| Headquarters and Other(d) | 13 |
| (613 | ) | 326 |
| (939 | ) | 414 |
| 75 |
| Eliminations(e) | (321 | ) | (1 | ) | — |
| (1 | ) | — |
| — |
| NBCUniversal | 25,428 |
| 5,516 |
| 1,495 |
| 4,021 |
| 1,221 |
| 130 |
| Corporate and Other(b) | 683 |
| (763 | ) | 88 |
| (851 | ) | 43 |
| 13 |
| Eliminations(e) | (1,501 | ) | 73 |
| — |
| 73 |
| — |
| — |
| Comcast Consolidated | $ | 68,775 |
| $ | 22,923 |
| $ | 8,019 |
| $ | 14,904 |
| $ | 7,420 |
| $ | 1,122 |
|
| | (a) | For the years ended December 31, 2016, 2015 and 2014, Cable Communications segment revenue was derived from the following sources: |
| | | | | | | | | 2016 |
| 2015 |
| 2014 |
| Residential: | | | | Video | 44.7 | % | 45.9 | % | 47.1 | % | High-speed Internet | 27.0 | % | 26.6 | % | 25.6 | % | Voice | 7.1 | % | 7.7 | % | 8.3 | % | Business services | 11.0 | % | 10.1 | % | 9.0 | % | Advertising | 5.0 | % | 4.9 | % | 5.4 | % | Other | 5.2 | % | 4.8 | % | 4.6 | % | Total | 100 | % | 100 | % | 100 | % |
Subscription revenue received from customers who purchase bundled services at a discounted rate is allocated proportionally to each service based on the individual service’s price on a stand-alone basis. For each of 2016, 2015 and 2014, 2.8% of Cable Communications revenue was derived from franchise and other regulatory fees. | | (b) | Beginning in 2016, certain operations and businesses, including several strategic business initiatives, that were previously presented in Corporate and Other are now presented in our Cable Communications segment to reflect a change in our management reporting presentation. For segment reporting purposes, we have adjusted all periods presented to reflect this change. |
| | (c) | The revenue and operating costs and expenses associated with our broadcast of the 2016 Rio Olympics and 2014 Sochi Olympics were reported in our Cable Networks and Broadcast Television segments. The revenue and operating costs and expenses associated with our broadcast of the 2015 Super Bowl were reported in our Broadcast Television segment. |
| | (d) | NBCUniversal Headquarters and Other activities include costs associated with overhead, allocations, personnel costs and headquarter initiatives. |
| | (e) | 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 Filmed Entertainment and Broadcast Television segments generate revenue by licensing content to our Cable Networks segment |
| | (f) | Revenue from customers located outside of the United States, primarily in Europe and Asia, in 2016, 2015 and 2014 was $6.5 billion, $5.8 billion and $4.4 billion, respectively. No single customer accounted for a significant amount of revenue in any period. |
| | (g) | We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses from the sale of assets, if any, as the measure of profit or loss for our operating segments. This measure eliminates the significant level of noncash depreciation and amortization expense that results from the capital-intensive nature of certain of our businesses and from intangible assets recognized in business combinations. Additionally, it is unaffected by our capital structure or investment activities. We use this measure to evaluate our consolidated operating performance and the operating performance of our operating segments and to allocate resources and capital to our operating segments. It is also a significant performance measure in our annual incentive compensation programs. We believe that this measure is useful to investors because it is one of the bases for comparing our operating performance with that of other companies in our industries, although our measure may not be directly comparable to similar measures used by other companies. This measure should not be considered a substitute for operating income (loss), net income (loss) attributable to Comcast Corporation, net cash provided by operating activities, or other measures of performance or liquidity we have reported in accordance with GAAP. |
|
| Financial Data by Business Segment |
Our financial data by reportable business segment is presented in the tables below. We do not present a measure of total assets for our reportable business segments as this information is not used by management to allocate resources and capital. | | | | | | | | | | | | | | | | | | | | (in millions) | Revenue(d) |
| Operating
Income (Loss)
Before
Depreciation
and
Amortization(e) |
| Depreciation
and
Amortization |
| Operating
Income
(Loss) |
| Capital
Expenditures |
| Cash Paid for Intangible Assets |
| 2016 | | | | | | | Cable Networks(a) | $ | 10,464 |
| $ | 3,709 |
| $ | 745 |
| $ | 2,964 |
| $ | 32 |
| $ | 20 |
| Broadcast Television(a) | 10,147 |
| 1,320 |
| 125 |
| 1,195 |
| 153 |
| 19 |
| Filmed Entertainment | 6,360 |
| 697 |
| 47 |
| 650 |
| 33 |
| 16 |
| Theme Parks | 4,946 |
| 2,190 |
| 512 |
| 1,678 |
| 922 |
| 72 |
| Headquarters and Other(b) | 20 |
| (699 | ) | 376 |
| (1,075 | ) | 312 |
| 156 |
| Eliminations(c) | (344 | ) | 10 |
| — |
| 10 |
| — |
| — |
| Total | $ | 31,593 |
| $ | 7,227 |
| $ | 1,805 |
| $ | 5,422 |
| $ | 1,452 |
| $ | 283 |
|
| | | | | | | | | | | | | | | | | | | | (in millions) | Revenue(d) |
| Operating
Income (Loss)
Before
Depreciation
and
Amortization(e) |
| Depreciation
and
Amortization |
| Operating
Income
(Loss) |
| Capital
Expenditures |
| Cash Paid for Intangible Assets |
| 2015 | | | | | | | Cable Networks | $ | 9,628 |
| $ | 3,499 |
| $ | 784 |
| $ | 2,715 |
| $ | 44 |
| $ | 22 |
| Broadcast Television(a) | 8,530 |
| 780 |
| 111 |
| 669 |
| 117 |
| 17 |
| Filmed Entertainment | 7,287 |
| 1,234 |
| 26 |
| 1,208 |
| 14 |
| 20 |
| Theme Parks | 3,339 |
| 1,464 |
| 292 |
| 1,172 |
| 833 |
| 54 |
| Headquarters and Other(b) | 14 |
| (625 | ) | 326 |
| (951 | ) | 378 |
| 98 |
| Eliminations(c) | (336 | ) | 6 |
| — |
| 6 |
| — |
| — |
| Total | $ | 28,462 |
| $ | 6,358 |
| $ | 1,539 |
| $ | 4,819 |
| $ | 1,386 |
| $ | 211 |
|
| | | | | | | | | | | | | | | | | | | | (in millions) | Revenue(d) |
| Operating
Income (Loss)
Before
Depreciation
and
Amortization(e) |
| Depreciation
and
Amortization |
| Operating
Income
(Loss) |
| Capital
Expenditures |
| Cash Paid for Intangible Assets |
| 2014 | | | | | | | Cable Networks(a) | $ | 9,563 |
| $ | 3,589 |
| $ | 748 |
| $ | 2,841 |
| $ | 49 |
| $ | 21 |
| Broadcast Television(a) | 8,542 |
| 734 |
| 127 |
| 607 |
| 76 |
| 12 |
| Filmed Entertainment | 5,008 |
| 711 |
| 21 |
| 690 |
| 11 |
| 7 |
| Theme Parks | 2,623 |
| 1,096 |
| 273 |
| 823 |
| 671 |
| 15 |
| Headquarters and Other(b) | 13 |
| (613 | ) | 326 |
| (939 | ) | 414 |
| 75 |
| Eliminations(c) | (321 | ) | 71 |
| — |
| 71 |
| — |
| — |
| Total | $ | 25,428 |
| $ | 5,588 |
| $ | 1,495 |
| $ | 4,093 |
| $ | 1,221 |
| $ | 130 |
|
| | (a) | The revenue and operating costs and expenses associated with our broadcast of the 2016 Rio Olympics and 2014 Sochi Olympics were reported in our Cable Networks and Broadcast Television segments. The revenue and operating costs and expenses associated with our broadcast of the 2015 Super Bowl were reported in our Broadcast Television segment. |
| | (b) | Headquarters and Other activities include costs associated with overhead, allocations, personnel costs and headquarter initiatives. |
| | (c) | 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. |
| | (d) | We operate primarily in the United States, but also in select international markets primarily in Europe and Asia. The table below summarizes revenue by geographic location. No single customer accounted for a significant amount of revenue in any period. |
| | | | | | | | | | | Year ended December 31 (in millions) | 2016 |
| 2015 |
| 2014 |
| Revenue: | | | | United States | $ | 25,076 |
| $ | 22,663 |
| $ | 20,995 |
| Foreign | $ | 6,517 |
| $ | 5,799 |
| $ | 4,433 |
|
| | (e) | We use operating income (loss) before depreciation and amortization, excluding impairment charges related to fixed and intangible assets and gains or losses from the sale of assets, if any, as the measure of profit or loss for our operating segments. This measure eliminates the significant level of noncash amortization expense that results from intangible assets recognized in connection with the joint venture transaction and other business combinations. Additionally, it is unaffected by our capital structure or investment activities. We use this measure to evaluate our consolidated operating performance and the operating performance of our operating segments and to allocate resources and capital to our operating segments. It is also a significant performance measure in our annual incentive compensation programs. We believe that this measure is useful to investors because it is one of the bases for comparing our operating performance with that of other companies in our industries, although our measure may not be directly comparable to similar measures used by other companies. This measure should not be considered a substitute for operating income (loss), net income (loss) attributable to NBCUniversal, net cash provided by operating activities, or other measures of performance or liquidity we have reported in accordance with GAAP. |
|