Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Comcast Corp., common-size consolidated balance sheet: assets (quarterly data)

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Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and cash equivalents
Receivables, net
Other current assets
Current assets
Film and television costs
Investments
Property and equipment, net of accumulated depreciation
Goodwill
Franchise rights
Other intangible assets, net of accumulated amortization
Intangible assets, net
Other noncurrent assets, net
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).


The asset structure is characterized by a heavy concentration in noncurrent assets, which consistently represent approximately 89% to 91% of the total balance sheet. While the overall proportions remain relatively stable, a distinct shift is observable from intangible assets toward physical infrastructure over the analyzed period.

Liquidity and Current Asset Trends
Cash and cash equivalents experienced a significant contraction, falling from 5.37% in March 2021 to a minimum of 1.85% by December 2022. Following this trough, a gradual recovery is noted, with the ratio stabilizing between 3.2% and 3.6% by early 2026. In contrast, net receivables have demonstrated a steady upward trend, increasing from 3.94% to 5.41%, indicating a higher proportion of total assets tied up in customer credit.
Fixed Asset Expansion
A consistent and pronounced increase is observed in property and equipment, net of accumulated depreciation. This item rose from 18.78% of total assets in March 2021 to 25.18% by March 2026. This growth suggests a strategic prioritization of capital expenditures and the expansion of physical infrastructure.
Intangible Asset Dynamics
Total net intangible assets have declined from 33.83% to 30.69%. This reduction is primarily attributed to a sharp decrease in other intangible assets, which fell from 12.52% to 7.85%, likely reflecting the impact of systematic amortization. Additionally, goodwill showed a general downward trend, moving from 25.17% to 20.53%, which may result from impairment or the proportional growth of other asset categories.
Operational Asset Stability
Film and television costs remained relatively constant as a percentage of total assets, fluctuating within a narrow range between 4.25% and 5.01%. Similarly, franchise rights maintained a stable presence, generally oscillating between 21% and 23%, indicating a consistent approach to content and licensing investments relative to the overall balance sheet size.