2015 Q3 Form 10-Q Financial Statement

#000119312515354626 Filed on October 27, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $18.67B $16.79B
YoY Change 11.18% 3.96%
Cost Of Revenue $5.582B $4.772B
YoY Change 16.97% -0.31%
Gross Profit $13.09B $12.02B
YoY Change 8.89% 5.76%
Gross Profit Margin 70.1% 71.58%
Selling, General & Admin $6.903B $6.315B
YoY Change 9.31% 4.66%
% of Gross Profit 52.75% 52.54%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.697B $1.539B
YoY Change 10.27% 1.25%
% of Gross Profit 12.97% 12.8%
Operating Expenses $9.086B $8.274B
YoY Change 9.81% 4.08%
Operating Profit $4.001B $3.745B
YoY Change 6.84% 9.7%
Interest Expense $659.0M $663.0M
YoY Change -0.6% 3.76%
% of Operating Profit 16.47% 17.7%
Other Income/Expense, Net -$737.0M -$705.0M
YoY Change 4.54% 14.63%
Pretax Income $3.264B $3.040B
YoY Change 7.37% 8.61%
Income Tax $1.223B $407.0M
% Of Pretax Income 37.47% 13.39%
Net Earnings $1.996B $2.592B
YoY Change -22.99% 49.65%
Net Earnings / Revenue 10.69% 15.44%
Basic Earnings Per Share $0.81 $1.00
Diluted Earnings Per Share $0.80 $0.99
COMMON SHARES
Basic Shares Outstanding 2.472B shares 2.580B shares
Diluted Shares Outstanding 2.502B shares 2.616B shares

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.060B $5.135B
YoY Change -59.88% -19.68%
Cash & Equivalents $1.893B $4.547B
Short-Term Investments $167.0M $588.0M
Other Short-Term Assets $1.814B $1.694B
YoY Change 7.08% -21.97%
Inventory
Prepaid Expenses
Receivables $6.527B $6.172B
Other Receivables $0.00 $0.00
Total Short-Term Assets $11.50B $13.94B
YoY Change -17.47% 3.95%
LONG-TERM ASSETS
Property, Plant & Equipment $32.17B $30.36B
YoY Change 5.95% 5.4%
Goodwill $27.49B $27.32B
YoY Change 0.62%
Intangibles
YoY Change
Long-Term Investments $801.0M $1.024B
YoY Change -21.78% -1.54%
Other Assets $2.500B $2.474B
YoY Change 1.05% 5.5%
Total Long-Term Assets $147.5B $145.3B
YoY Change 1.48% 1.48%
TOTAL ASSETS
Total Short-Term Assets $11.50B $13.94B
Total Long-Term Assets $147.5B $145.3B
Total Assets $159.0B $159.2B
YoY Change -0.18% 1.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.996B $5.680B
YoY Change 5.56% -5.84%
Accrued Expenses $5.455B $5.461B
YoY Change -0.11% -41.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.152B $3.523B
YoY Change -10.53% 50.75%
Total Short-Term Liabilities $17.36B $17.08B
YoY Change 1.61% -8.48%
LONG-TERM LIABILITIES
Long-Term Debt $44.61B $44.83B
YoY Change -0.5% 1.45%
Other Long-Term Liabilities $10.69B $10.39B
YoY Change 2.95% -9.61%
Total Long-Term Liabilities $10.69B $10.39B
YoY Change 2.95% -81.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.36B $17.08B
Total Long-Term Liabilities $10.69B $10.39B
Total Liabilities $28.05B $27.47B
YoY Change 2.11% -74.3%
SHAREHOLDERS EQUITY
Retained Earnings $20.88B $21.81B
YoY Change -4.23%
Common Stock $29.00M $30.00M
YoY Change -3.33% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.517B $7.517B
YoY Change 0.0%
Treasury Stock Shares
Shareholders Equity $51.72B $53.30B
YoY Change
Total Liabilities & Shareholders Equity $159.0B $159.2B
YoY Change -0.18% 1.69%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $1.996B $2.592B
YoY Change -22.99% 49.65%
Depreciation, Depletion And Amortization $1.697B $1.539B
YoY Change 10.27% 1.25%
Cash From Operating Activities $4.979B $4.755B
YoY Change 4.71% 19.05%
INVESTING ACTIVITIES
Capital Expenditures $2.165B $1.950B
YoY Change 11.03% 12.98%
Acquisitions
YoY Change
Other Investing Activities -$487.0M $16.00M
YoY Change -3143.75% -104.09%
Cash From Investing Activities -$2.968B -$2.192B
YoY Change 35.4% -7.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.604B 455.0M
YoY Change -892.09% -132.2%
NET CHANGE
Cash From Operating Activities 4.979B 4.755B
Cash From Investing Activities -2.968B -2.192B
Cash From Financing Activities -3.604B 455.0M
Net Change In Cash -1.593B 3.018B
YoY Change -152.78% 1310.28%
FREE CASH FLOW
Cash From Operating Activities $4.979B $4.755B
Capital Expenditures $2.165B $1.950B
Free Cash Flow $2.814B $2.805B
YoY Change 0.32% 23.68%

Facts In Submission

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<div><p style='text-align:left;margin-top:0pt;margin-bottom:5.4pt;line-height:15pt;' ><font style='font-family:Helvetica;font-size:12pt;font-weight:bold;margin-left:0pt;' >Note 2</font><font style='font-family:Helvetica;font-size:12pt;font-weight:bold;' >: Recent Accounting Pronouncements</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:5.4pt;line-height:13pt;' ><font style='font-family:Helvetica;font-size:10pt;font-weight:bold;margin-left:0pt;' >Revenue Recognition</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:5.4pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In May 2014, the Financial Accounting Standards Board (&#8220;FASB&#8221;) and the International Accounting Standards Board updated the accounting guidance related to revenue recognition. The </font><font style='font-family:Times New Roman;font-size:10pt;' >updated accounting guidance provides a single, contract-based revenue recognition model to help improve financial reporting by providing clearer guidance on when an entity should recognize revenue, and by reducing the number of standards to which an entity</font><font style='font-family:Times New Roman;font-size:10pt;' > has to refer. </font><font style='font-family:Times New Roman;font-size:10pt;' >In </font><font style='font-family:Times New Roman;font-size:10pt;' >July 2015, </font><font style='font-family:Times New Roman;font-size:10pt;' >FASB </font><font style='font-family:Times New Roman;font-size:10pt;' >voted to </font><font style='font-family:Times New Roman;font-size:10pt;' >defer the effective date by one year to December 15, 2017 for annual reporting periods beginning after that date. </font><font style='font-family:Times New Roman;font-size:10pt;' >The updated accounting guidance provides companies with alternative methods of adoption. We are cur</font><font style='font-family:Times New Roman;font-size:10pt;' >rently in the process of determining the impact that the updated accounting guidance will have on our consolidated financial statements and our method of adoption.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:5.4pt;line-height:13pt;' ><font style='font-family:Helvetica;font-size:10pt;font-weight:bold;margin-left:0pt;' >Consolidations</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:5.4pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In February 2015, FASB updated the accounting guidance related to consolidati</font><font style='font-family:Times New Roman;font-size:10pt;' >on under the variable interest entity (&#8220;VIE&#8221;) and voting interest entity models. The updated accounting guidance modifies the consolidation guidance for VIEs, limited partnerships and similar legal entities. The updated accounting guidance will be effectiv</font><font style='font-family:Times New Roman;font-size:10pt;' >e for us on January 1, 2016, and early adoption is permitted. The updated accounting guidance </font><font style='font-family:Times New Roman;font-size:10pt;' >provides companies with alternative methods of adoption</font><font style='font-family:Times New Roman;font-size:10pt;' >. We are currently in the process of determining th</font><font style='font-family:Times New Roman;font-size:10pt;' >e impact that the updated accounting guidance will have on our consolidated financial statements and our method of adoption.</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:5.4pt;line-height:13pt;' ><font style='font-family:Helvetica;font-size:10pt;font-weight:bold;margin-left:0pt;' >Debt Issuance Costs</font></p><p style='text-align:left;margin-top:0pt;margin-bottom:5.4pt;line-height:13pt;' ><font style='font-family:Times New Roman;font-size:10pt;margin-left:0pt;' >In April 2015, FASB updated t</font><font style='font-family:Times New Roman;font-size:10pt;' >he accounting guidance related to the </font><font style='font-family:Times New Roman;font-size:10pt;' >balance sheet presentation of </font><font style='font-family:Times New Roman;font-size:10pt;' >debt issuance </font><font style='font-family:Times New Roman;font-size:10pt;' >costs. The updated accounting guidance</font><font style='font-family:Times New Roman;font-size:10pt;' > requires that debt issuance costs </font><font style='font-family:Times New Roman;font-size:10pt;' >be presented </font><font style='font-family:Times New Roman;font-size:10pt;' >as a direct deduction from the associated debt liability</font><font style='font-family:Times New Roman;font-size:10pt;' >. The updated accounting guidance will be effective for us on January 1, 2016, and early adoption is permitted. Th</font><font style='font-family:Times New Roman;font-size:10pt;' >e updated accounting guidance will be applied retrospectively to all</font><font style='font-family:Times New Roman;font-size:10pt;' > prior periods presented. T</font><font style='font-family:Times New Roman;font-size:10pt;' >he updated accounting guidance will</font><font style='font-family:Times New Roman;font-size:10pt;' > not </font><font style='font-family:Times New Roman;font-size:10pt;' >have </font><font style='font-family:Times New Roman;font-size:10pt;' >a material impact </font><font style='font-family:Times New Roman;font-size:10pt;' >on our consolidated </font><font style='font-family:Times New Roman;font-size:10pt;' >balance sheet</font><font style='font-family:Times New Roman;font-size:10pt;' >.</font></p></div>
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dei Entity Registrant Name
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CY2014Q4 us-gaap Preferred Stock Shares Issued
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CY2014Q3 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
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CY2014Q4 us-gaap Indefinite Lived Franchise Rights
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us-gaap Stock Issued During Period Value Share Based Compensation
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CY2014Q3 us-gaap Revenues
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CY2015Q3 cmcsa Liabilities Related To Prepaid Forward Sale Agreements
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CY2014Q4 cmcsa Investments In And Amounts Due From Subsidiaries Eliminated Upon Consolidation
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cmcsa Other Operating And Administrative
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us-gaap Revenues
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cmcsa Programming And Production Costs
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cmcsa Cable Segment Revenue Types As Percentage Of Total Cable Revenue
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cmcsa Write Offofassetsrelatedtomergeragreementtermination
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20000000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Capital Expenditures Incurred But Not Yet Paid
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1200000000 USD

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