Stock Analysis on Net
Stock Analysis on Net

Comcast Corp. (NASDAQ:CMCSA)

Common-Size Balance Sheet: Assets 
Quarterly Data

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

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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 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 3.42 3.54 3.21 2.75 3.27 2.31 2.47 2.35 2.46 2.73 2.13 1.85 2.24 2.55 3.24 3.16 4.26 4.47 5.37 4.29 5.10 5.24 3.25
Receivables, net 4.84 4.76 4.81 5.13 5.20 5.01 4.99 5.22 4.92 4.95 4.74 4.93 4.69 4.48 4.49 4.35 4.32 4.01 3.94 4.19 3.83 3.85 4.12
Other current assets 2.31 2.30 2.18 2.19 1.61 1.61 1.64 1.50 1.87 1.83 1.76 1.71 2.28 2.03 1.53 1.48 1.32 1.28 1.26 1.29 1.25 1.25 1.82
Current assets 10.57% 10.60% 10.20% 10.07% 10.07% 8.93% 9.10% 9.06% 9.25% 9.51% 8.63% 8.48% 9.21% 9.06% 9.26% 8.99% 9.90% 9.76% 10.57% 9.76% 10.18% 10.33% 9.18%
Film and television costs 4.75 4.62 4.77 4.71 4.94 4.90 4.84 4.88 5.01 4.82 4.86 4.88 4.99 4.35 4.51 4.64 4.56 4.47 4.66 4.87 4.74 4.59 4.72
Investments 3.05 3.09 3.18 3.25 3.34 3.49 3.62 3.54 3.20 3.14 3.20 3.01 3.09 3.09 3.26 3.15 3.51 3.42 3.01 3.02 2.65 2.77 2.70
Property and equipment, net of accumulated depreciation 23.73 23.38 23.64 23.50 22.89 23.05 22.73 22.54 22.28 21.69 21.69 21.57 21.06 20.04 19.64 19.59 19.06 19.05 18.78 18.99 18.76 18.42 18.46
Goodwill 22.49 22.57 22.07 21.87 22.26 22.23 22.26 22.38 22.24 22.52 22.73 22.74 22.18 24.90 25.19 25.44 25.13 25.43 25.17 25.80 25.62 25.32 25.61
Franchise rights 21.75 21.68 22.17 22.30 22.00 22.61 22.52 22.42 22.74 22.65 22.88 23.07 23.34 22.23 21.66 21.52 21.43 21.43 21.32 21.68 22.07 22.32 22.62
Other intangible assets, net of accumulated amortization 8.56 8.99 9.32 9.62 9.79 10.04 10.27 10.52 10.68 10.97 11.18 11.39 11.25 11.51 11.85 12.17 12.05 12.39 12.52 12.92 12.82 12.85 13.21
Intangible assets, net 30.31% 30.67% 31.49% 31.92% 31.79% 32.65% 32.79% 32.94% 33.41% 33.62% 34.06% 34.47% 34.59% 33.74% 33.51% 33.69% 33.48% 33.82% 33.83% 34.60% 34.90% 35.17% 35.83%
Other noncurrent assets, net 5.10 5.07 4.65 4.70 4.70 4.75 4.67 4.66 4.61 4.70 4.83 4.86 4.88 4.83 4.63 4.50 4.36 4.06 3.97 2.96 3.15 3.39 3.50
Noncurrent assets 89.43% 89.40% 89.80% 89.93% 89.93% 91.07% 90.90% 90.94% 90.75% 90.49% 91.37% 91.52% 90.79% 90.94% 90.74% 91.01% 90.10% 90.24% 89.43% 90.24% 89.82% 89.67% 90.82%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents to total assets exhibited a declining trend from early 2020 (around 3.25%) to the end of 2022, dipping below 2% at some points. However, it showed a moderate recovery and stabilization around 2.3% to 3.5% during 2023 and into mid-2025.
Receivables, net
Receivables as a percentage of total assets generally increased over the observed period. Starting from approximately 4.12% in early 2020, the ratio rose consistently through the years, peaking slightly above 5.2% around 2024 and then fluctuating just below 5% by 2025, indicating growing accounts receivable relative to assets.
Other Current Assets
Other current assets showed slight variability but with an overall upward trend, increasing from roughly 1.8% in early 2020 to above 2.3% by late 2025. This suggests the company increased its other short-term liquid assets proportionally over time.
Current Assets
Current assets as a whole maintained a relatively steady ratio around 9% to 10.6% of total assets. There was a slight dip at the end of 2020 followed by a gradual recovery around 10% or slightly above from 2024 onward, indicating a stable short-term asset base relative to total assets.
Film and Television Costs
The investment in film and television costs relative to total assets stayed fairly consistent, mostly fluctuating between 4.5% and 5.0%. No marked upward or downward trend was apparent, indicating consistent capital allocation in this category over the long term.
Investments
Investments as a proportion of total assets fluctuated modestly around a range of approximately 2.7% to 3.6%, showing minor increases mainly from early 2021 to 2024, followed by a slight decline toward 2025. This suggests relatively stable investment levels with some variability.
Property and Equipment, Net
The share of property and equipment increased steadily over the timeframe, from about 18.5% in early 2020 to above 23% by the end of 2025. This upward trend indicates ongoing capital expenditures or asset acquisitions contributing to growth in physical assets.
Goodwill
Goodwill as a percentage of total assets exhibited a decreasing trend. Initially near 25.6% in 2020, it gradually declined to around 22.5% by 2023 and further to approximately 22% by 2025, suggesting amortization, impairment, or divestitures impacting intangible asset values.
Franchise Rights
Franchise rights remained relatively stable, fluctuating slightly between 21% and 23.3% of total assets. The values demonstrate consistent relative importance of franchise rights within the asset structure throughout the period.
Other Intangible Assets, Net of Amortization
This category showed a steady decline over the period, decreasing from about 13.2% of total assets in early 2020 to under 9% by the end of 2025. This indicates ongoing amortization of intangible assets or other factors reducing their net book value relative to total assets.
Intangible Assets, Net
Combining all intangible assets, a slowly decreasing trend is evident, with the proportion falling from roughly 35.8% in early 2020 to approximately 30.3% by late 2025. This decline correlates with the decreases observed in goodwill and other intangible assets, reflecting amortization and possible impairment.
Other Noncurrent Assets, Net
Other noncurrent assets showed a modest upward trend, rising from about 3.5% in 2020 to over 5% by late 2025, suggesting an increase in long-term assets not classified elsewhere.
Noncurrent Assets
The overall share of noncurrent assets remained high and fairly stable throughout the periods, generally around 90%, fluctuating slightly without significant directional change. This indicates a largely fixed asset-heavy structure.
Total Assets
As expected, total assets were consistently reported as 100%, serving as the baseline for all other proportion metrics.