Condensed Consolidating Balance Sheet



December 31, 2016 (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	$	—	$	—	$	—	$	482	$	2,819	$	—		$	3,301
Receivables, net	—		—		—		—		7,955		—			7,955
Programming rights	—		—		—		—		1,250		—			1,250
Deposits	—		—		—		—		1,772		—			1,772
Other current assets	151		—		—		36		1,896		—			2,083
Total current assets	151		—		—		518		15,692		—			16,361
Film and television costs	—		—		—		—		7,252		—			7,252
Investments	75		—		—		651		4,521		—			5,247
Investments in and amounts due from subsidiaries eliminated upon consolidation	98,350		120,071		117,696		47,393		97,704		(481,214		)	—
Property and equipment, net	298		—		—		—		35,955		—			36,253
Franchise rights	—		—		—		—		59,364		—			59,364
Goodwill	—		—		—		—		35,980		—			35,980
Other intangible assets, net	13		—		—		—		17,261		—			17,274
Other noncurrent assets, net	1,138		638		—		89		1,921		(1,017		)	2,769
Total assets	$	100,025	$	120,709	$	117,696	$	48,651	$	275,650	$	(482,231	)	$	180,500
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	23	$	—	$	—	$	—	$	6,892	$	—		$	6,915
Accrued participations and residuals	—		—		—		—		1,726		—			1,726
Accrued expenses and other current liabilities	1,726		—		341		302		5,045		—			7,414
Current portion of long-term debt	3,739		—		550		4		1,187		—			5,480
Total current liabilities	5,488		—		891		306		14,850		—			21,535
Long-term debt, less current portion	38,123		141		2,100		8,208		6,994		—			55,566
Deferred income taxes	—		542		—		70		35,259		(1,017		)	34,854
Other noncurrent liabilities	2,471		—		—		1,166		7,288		—			10,925
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,446		—			1,446
Equity:
Common stock	28		—		—		—		—		—			28
Other shareholders’ equity	53,915		120,026		114,705		38,901		207,582		(481,214		)	53,915
Total Comcast Corporation shareholders’ equity	53,943		120,026		114,705		38,901		207,582		(481,214		)	53,943
Noncontrolling interests	—		—		—		—		2,231		—			2,231
Total equity	53,943		120,026		114,705		38,901		209,813		(481,214		)	56,174
Total liabilities and equity	$	100,025	$	120,709	$	117,696	$	48,651	$	275,650	$	(482,231	)	$	180,500

Condensed Consolidating Balance Sheet



December 31, 2015 (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	$	—	$	—	$	—	$	414	$	1,881	$	—		$	2,295
Receivables, net	—		—		—		—		6,896		—			6,896
Programming rights	—		—		—		—		1,213		—			1,213
Deposits	—		—		—		—		21		—			21
Other current assets	69		—		—		17		1,792		—			1,878
Total current assets	69		—		—		431		11,803		—			12,303
Film and television costs	—		—		—		—		5,855		—			5,855
Investments	33		—		—		430		2,761		—			3,224
Investments in and amounts due from subsidiaries eliminated upon consolidation	87,142		111,241		119,354		42,441		109,598		(469,776		)	—
Property and equipment, net	210		—		—		—		33,455		—			33,665
Franchise rights	—		—		—		—		59,364		—			59,364
Goodwill	—		—		—		—		32,945		—			32,945
Other intangible assets, net	12		—		—		—		16,934		—			16,946
Other noncurrent assets, net	1,301		147		—		78		2,114		(1,368		)	2,272
Total assets	$	88,767	$	111,388	$	119,354	$	43,380	$	274,829	$	(471,144	)	$	166,574
Liabilities and Equity
Accounts payable and accrued expenses related to trade creditors	$	16	$	—	$	—	$	—	$	6,199	$	—		$	6,215
Accrued participations and residuals	—		—		—		—		1,572		—			1,572
Accrued expenses and other current liabilities	1,789		335		290		389		3,961		—			6,764
Current portion of long-term debt	1,149		—		—		1,005		1,473		—			3,627
Total current liabilities	2,954		335		290		1,394		13,205		—			18,178
Long-term debt, less current portion	31,106		130		2,650		8,211		6,897		—			48,994
Deferred income taxes	—		624		—		66		34,098		(1,222		)	33,566
Other noncurrent liabilities	2,438		—		—		1,087		7,258		(146		)	10,637
Redeemable noncontrolling interests and redeemable subsidiary preferred stock	—		—		—		—		1,221		—			1,221
Equity:
Common stock	29		—		—		—		—		—			29
Other shareholders’ equity	52,240		110,299		116,414		32,622		210,441		(469,776		)	52,240
Total Comcast Corporation shareholders’ equity	52,269		110,299		116,414		32,622		210,441		(469,776		)	52,269
Noncontrolling interests	—		—		—		—		1,709		—			1,709
Total equity	52,269		110,299		116,414		32,622		212,150		(469,776		)	53,978
Total liabilities and equity	$	88,767	$	111,388	$	119,354	$	43,380	$	274,829	$	(471,144	)	$	166,574

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	$	—		$	—		$	—		$	—		$	80,403		$	—		$	80,403
Management fee revenue	1,067			—			1,049			—			—			(2,116		)	—
	1,067			—			1,049			—			80,403			(2,116		)	80,403
Costs and Expenses:
Programming and production	—			—			—			—			24,463			—			24,463
Other operating and administrative	813			—			1,049			932			22,731			(2,116		)	23,409
Advertising, marketing and promotion	—			—			—			—			6,114			—			6,114
Depreciation	28			—			—			—			7,436			—			7,464
Amortization	6			—			—			—			2,088			—			2,094
	847			—			1,049			932			62,832			(2,116		)	63,544
Operating income (loss)	220			—			—			(932		)	17,571			—			16,859
Other Income (Expense):
Interest expense	(1,941		)	(12		)	(239		)	(456		)	(294		)	—			(2,942		)
Investment income (loss), net	7			(5		)	—			(25		)	236			—			213
Equity in net income (losses) of investees, net	9,809			9,286			8,679			5,545			4,131			(37,554		)	(104		)
Other income (expense), net	—			—			—			116			211			—			327
	7,875			9,269			8,440			5,180			4,284			(37,554		)	(2,506		)
Income (loss) before income taxes	8,095			9,269			8,440			4,248			21,855			(37,554		)	14,353
Income tax (expense) benefit	600			6			84			(13		)	(5,985		)	—			(5,308		)
Net income (loss)	8,695			9,275			8,524			4,235			15,870			(37,554		)	9,045
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			(350		)	—			(350		)
Net income (loss) attributable to Comcast Corporation	$	8,695		$	9,275		$	8,524		$	4,235		$	15,520		$	(37,554	)	$	8,695
Comprehensive income (loss) attributable to Comcast Corporation	$	8,967		$	9,317		$	8,530		$	4,312		$	15,610		$	(37,769	)	$	8,967

Condensed Consolidating Statement of Income



For the Year Ended December 31, 2015 (in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Revenue:
Service revenue	$	—		$	—		$	—		$	—		$	74,510		$	—		$	74,510
Management fee revenue	1,005			—			977			—			—			(1,982		)	—
	1,005			—			977			—			74,510			(1,982		)	74,510
Costs and Expenses:
Programming and production	—			—			—			—			22,550			—			22,550
Other operating and administrative	760			—			977			922			20,642			(1,982		)	21,319
Advertising, marketing and promotion	—			—			—			—			5,963			—			5,963
Depreciation	31			—			—			—			6,750			—			6,781
Amortization	6			—			—			—			1,893			—			1,899
	797			—			977			922			57,798			(1,982		)	58,512
Operating income (loss)	208			—			—			(922		)	16,712			—			15,998
Other Income (Expense):
Interest expense	(1,744		)	(12		)	(270		)	(462		)	(214		)	—			(2,702		)
Investment income (loss), net	6			(1		)	—			(19		)	95			—			81
Equity in net income (losses) of investees, net	9,159			8,651			8,040			4,852			3,089			(34,116		)	(325		)
Other income (expense), net	(3		)	—			—			(31		)	354			—			320
	7,418			8,638			7,770			4,340			3,324			(34,116		)	(2,626		)
Income (loss) before income taxes	7,626			8,638			7,770			3,418			20,036			(34,116		)	13,372
Income tax (expense) benefit	537			4			94			(4		)	(5,590		)	—			(4,959		)
Net income (loss)	8,163			8,642			7,864			3,414			14,446			(34,116		)	8,413
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			(250		)	—			(250		)
Net income (loss) attributable to Comcast Corporation	$	8,163		$	8,642		$	7,864		$	3,414		$	14,196		$	(34,116	)	$	8,163
Comprehensive income (loss) attributable to Comcast Corporation	$	8,135		$	8,625		$	7,864		$	3,361		$	14,192		$	(34,042	)	$	8,135

Condensed Consolidating Statement of Income



For the Year Ended December 31, 2014 (in millions)	Comcast Parent			Comcast Holdings			CCCL Parent			NBCUniversal Media Parent			Non- Guarantor Subsidiaries			Elimination and Consolidation Adjustments			Consolidated Comcast Corporation
Revenue:
Service revenue	$	—		$	—		$	—		$	—		$	68,775		$	—		$	68,775
Management fee revenue	947			—			921			—			—			(1,868		)	—
	947			—			921			—			68,775			(1,868		)	68,775
Costs and Expenses:
Programming and production	—			—			—			—			20,912			—			20,912
Other operating and administrative	751			—			921			908			19,127			(1,868		)	19,839
Advertising, marketing and promotion	—			—			—			—			5,101			—			5,101
Depreciation	34			—			—			—			6,303			—			6,337
Amortization	6			—			—			—			1,676			—			1,682
	791			—			921			908			53,119			(1,868		)	53,871
Operating income (loss)	156			—			—			(908		)	15,656			—			14,904
Other Income (Expense):
Interest expense	(1,621		)	(11		)	(294		)	(479		)	(212		)	—			(2,617		)
Investment income (loss), net	3			12			—			(7		)	288			—			296
Equity in net income (losses) of investees, net	9,330			8,843			8,350			4,523			3,212			(34,161		)	97
Other income (expense), net	—			—			—			(4		)	(211		)	—			(215		)
	7,712			8,844			8,056			4,033			3,077			(34,161		)	(2,439		)
Income (loss) before income taxes	7,868			8,844			8,056			3,125			18,733			(34,161		)	12,465
Income tax (expense) benefit	512			—			103			(10		)	(4,478		)	—			(3,873		)
Net income (loss)	8,380			8,844			8,159			3,115			14,255			(34,161		)	8,592
Net (income) loss attributable to noncontrolling interests and redeemable subsidiary preferred stock	—			—			—			—			(212		)	—			(212		)
Net income (loss) attributable to Comcast Corporation	$	8,380		$	8,844		$	8,159		$	3,115		$	14,043		$	(34,161	)	$	8,380
Comprehensive income (loss) attributable to Comcast Corporation	$	8,178		$	8,807		$	8,163		$	2,972		$	13,980		$	(33,922	)	$	8,178

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	$	(1,332	)	$	(189	)	$	(100	)	$	(1,453	)	$	22,314		$	—	$	19,240
Investing Activities:
Net transactions with affiliates	(860		)	189			100			2,642			(2,071		)	—		—
Capital expenditures	(13		)	—			—			—			(9,122		)	—		(9,135		)
Cash paid for intangible assets	(9		)	—			—			—			(1,677		)	—		(1,686		)
Acquisitions and construction of real estate properties	(35		)	—			—			—			(393		)	—		(428		)
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		)	164			—		21
Net cash provided by (used in) investing activities	(1,065		)	189			100			2,501			(20,110		)	—		(18,385		)
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 and retirements of common stock	(5,000		)	—			—			—			—			—		(5,000		)
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	155			—			—			25			(167		)	—		13
Net cash provided by (used in) financing activities	2,397			—			—			(980		)	(1,266		)	—		151
Increase (decrease) in cash and cash equivalents	—			—			—			68			938			—		1,006
Cash and cash equivalents, beginning of year	—			—			—			414			1,881			—		2,295
Cash and cash equivalents, end of year	$	—		$	—		$	—		$	482		$	2,819		$	—	$	3,301

Condensed Consolidating Statement of Cash Flows



For the Year Ended December 31, 2015 (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	$	(792	)	$	48		$	(167	)	$	(1,398	)	$	21,087		$	—	$	18,778
Investing Activities:
Net transactions with affiliates	6,559			(48		)	840			2,839			(10,190		)	—		—
Capital expenditures	(27		)	—			—			—			(8,472		)	—		(8,499		)
Cash paid for intangible assets	(6		)	—			—			—			(1,364		)	—		(1,370		)
Acquisitions and construction of real estate properties	—			—			—			—			(178		)	—		(178		)
Acquisitions, net of cash acquired	—			—			—			—			(1,786		)	—		(1,786		)
Proceeds from sales of businesses and investments	—			—			—			4			429			—		433
Purchases of investments	(7		)	—			—			(407		)	(370		)	—		(784		)
Deposits	—			—			—			—			(18		)	—		(18		)
Other	7			—			—			(5		)	236			—		238
Net cash provided by (used in) investing activities	6,526			(48		)	840			2,431			(21,713		)	—		(11,964		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	400			—			—			—			(265		)	—		135
Proceeds from borrowings	5,486			—			—			—			—			—		5,486
Repurchases and repayments of debt	(2,650		)	—			(673		)	(1,004		)	(51		)	—		(4,378		)
Repurchases and retirements of common stock	(6,750		)	—			—			—			—			—		(6,750		)
Dividends paid	(2,437		)	—			—			—			—			—		(2,437		)
Issuances of common stock	36			—			—			—			—			—		36
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(232		)	—		(232		)
Other	181			—			—			—			(470		)	—		(289		)
Net cash provided by (used in) financing activities	(5,734		)	—			(673		)	(1,004		)	(1,018		)	—		(8,429		)
Increase (decrease) in cash and cash equivalents	—			—			—			29			(1,644		)	—		(1,615		)
Cash and cash equivalents, beginning of year	—			—			—			385			3,525			—		3,910
Cash and cash equivalents, end of year	$	—		$	—		$	—		$	414		$	1,881		$	—	$	2,295

Condensed Consolidating Statement of Cash Flows



For the Year Ended December 31, 2014 (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	$	(354	)	$	9		$	(139	)	$	(1,299	)	$	18,728		$	—	$	16,945
Investing Activities:
Net transactions with affiliates	4,784			(9		)	139			2,247			(7,161		)	—		—
Capital expenditures	(3		)	—			—			—			(7,417		)	—		(7,420		)
Cash paid for intangible assets	(6		)	—			—			—			(1,116		)	—		(1,122		)
Acquisitions and construction of real estate properties	—			—			—			—			(43		)	—		(43		)
Acquisitions, net of cash acquired	—			—			—			—			(477		)	—		(477		)
Proceeds from sales of businesses and investments	—			—			—			8			658			—		666
Purchases of investments	(19		)	—			—			(10		)	(162		)	—		(191		)
Deposits	—			—			—			—			—			—		—
Other	—			—			—			5			(151		)	—		(146		)
Net cash provided by (used in) investing activities	4,756			(9		)	139			2,250			(15,869		)	—		(8,733		)
Financing Activities:
Proceeds from (repayments of) short-term borrowings, net	(1,350		)	—			—			—			846			—		(504		)
Proceeds from borrowings	4,180			—			—			—			2			—		4,182
Repurchases and repayments of debt	(1,000		)	—			—			(902		)	(1,273		)	—		(3,175		)
Repurchases and retirements of common stock	(4,251		)	—			—			—			—			—		(4,251		)
Dividends paid	(2,254		)	—			—			—			—			—		(2,254		)
Issuances of common stock	35			—			—			—			—			—		35
Distributions to noncontrolling interests and dividends for redeemable subsidiary preferred stock	—			—			—			—			(220		)	—		(220		)
Other	238			—			—			—			(71		)	—		167
Net cash provided by (used in) financing activities	(4,402		)	—			—			(902		)	(716		)	—		(6,020		)
Increase (decrease) in cash and cash equivalents	—			—			—			49			2,143			—		2,192
Cash and cash equivalents, beginning of year	—			—			—			336			1,382			—		1,718
Cash and cash equivalents, end of year	$	—		$	—		$	—		$	385		$	3,525		$	—	$	3,910