Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Comcast Corp., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	15,107)	4,925)	13,833)	10,701)	13,323)
Depreciation and amortization	14,336)	13,821)	13,804)	13,100)	12,953)
Goodwill and long-lived asset impairments	—)	8,583)	—)	—)	—)
Share-based compensation	1,241)	1,336)	1,315)	1,193)	1,021)
Noncash interest expense, net	316)	309)	482)	697)	417)
Net (gain) loss on investment activity and other	(768)	1,177)	(1,311)	(970)	(20)
Deferred income taxes	(2,739)	(834)	1,892)	(550)	563)
Current and noncurrent receivables, net	(996)	(1,327)	(1,335)	(20)	(57)
Film and television costs, net	(260)	(451)	(680)	(244)	(929)
Accounts payable and accrued expenses related to trade creditors	(520)	497)	765)	(266)	(347)
Other operating assets and liabilities	2,784)	(1,623)	381)	1,096)	(1,227)
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures	1,008)	(2,904)	(869)	566)	(2,560)
Adjustments to reconcile net income to net cash provided by operating activities	13,394)	21,488)	15,313)	14,036)	12,374)
Net cash provided by operating activities	28,501)	26,413)	29,146)	24,737)	25,697)
Capital expenditures	(12,242)	(10,626)	(9,174)	(9,179)	(9,953)
Cash paid for intangible assets	(3,298)	(3,141)	(2,883)	(2,455)	(2,475)
Construction of Universal Beijing Resort	(137)	(330)	(976)	(1,498)	(1,116)
Purchase of spectrum	—)	—)	—)	(459)	—)
Acquisitions, net of cash acquired	—)	(12)	(1,374)	(233)	(370)
Proceeds from sales of businesses and investments	661)	1,985)	684)	2,339)	886)
Advance on sale of investment	8,610)	—)	—)	—)	—)
Purchases of investments	(1,313)	(2,274)	(174)	(812)	(1,899)
Other	558)	258)	451)	250)	86)
Net cash used in investing activities	(7,161)	(14,140)	(13,446)	(12,047)	(14,841)
Proceeds from (repayments of) short-term borrowings, net	(660)	660)	—)	—)	(1,288)
Proceeds from borrowings	6,052)	2,745)	2,628)	18,644)	5,479)
Repurchases and repayments of debt	(4,015)	(2,307)	(11,498)	(18,777)	(14,354)
Proceeds from collateralized obligation	—)	—)	—)	—)	5,175)
Repayment of collateralized obligation	(5,175)	—)	—)	—)	—)
Repurchases of common stock under repurchase program and employee plans	(11,291)	(13,328)	(4,672)	(534)	(504)
Dividends paid	(4,766)	(4,741)	(4,532)	(4,140)	(3,735)
Other	5)	787)	(544)	(1,706)	46)
Net cash used in financing activities	(19,850)	(16,184)	(18,618)	(6,513)	(9,181)
Impact of foreign currency on cash, cash equivalents and restricted cash	10)	(86)	(71)	2)	5)
Increase (decrease) in cash, cash equivalents and restricted cash	1,500)	(3,997)	(2,989)	6,179)	1,680)
Cash, cash equivalents and restricted cash, beginning of year	4,782)	8,779)	11,768)	5,589)	3,909)
Cash, cash equivalents and restricted cash, end of year	6,282)	4,782)	8,779)	11,768)	5,589)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Comcast Corp. net cash provided by operating activities decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Net cash used in investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Comcast Corp. net cash used in investing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash used in financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Comcast Corp. net cash used in financing activities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Comcast Corp. (NASDAQ:CMCSA)

Cash Flow Statement