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Comcast Corp. (NASDAQ:CMCSA)

Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
Sep 30, 2026 Jun 30, 2026 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 2.95 2.97 3.64 3.48 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
Receivables, net 5.25 5.42 5.41 5.09 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
Other current assets 1.58 1.83 2.03 2.28 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
Current assets 9.79% 10.23% 11.09% 10.85% 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%
Film and television costs 4.30 4.06 4.25 4.48 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
Investments 3.05 3.04 2.87 2.92 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
Property and equipment, net of accumulated depreciation 25.98 25.68 25.18 24.09 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
Goodwill 20.65 20.61 20.53 22.56 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
Franchise rights 23.03 23.05 22.83 21.77 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
Other intangible assets, net of accumulated amortization 7.40 7.64 7.85 8.24 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
Intangible assets, net 30.43% 30.69% 30.69% 30.02% 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%
Other noncurrent assets, net 5.80 5.70 5.41 5.09 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
Noncurrent assets 90.21% 89.77% 88.91% 89.15% 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%
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: 2026-09-30), 10-Q (reporting date: 2026-06-30), 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 total assets throughout the analyzed period. A primary shift is observable in the composition of these noncurrent assets, specifically a transition from intangible assets toward tangible property and equipment.

Liquidity and Current Assets
Current assets maintain a relatively stable share of the total balance sheet, generally fluctuating between 8.5% and 11.1%. A notable decline in cash and cash equivalents occurred between March 2021 (5.37%) and December 2022 (1.85%), followed by a gradual recovery to approximately 2.95% by September 2026. Conversely, net receivables showed a steady upward trend, increasing from 3.94% in early 2021 to 5.25% by the end of the period, suggesting a higher proportion of total assets is tied up in outstanding customer payments.
Property and Equipment
There is a significant and consistent increase in the proportion of property and equipment, net of accumulated depreciation. This item rose from 18.78% in March 2021 to 25.98% by September 2026. This trend indicates an aggressive expansion or modernization of physical infrastructure relative to the company's overall asset base.
Intangible Assets and Goodwill
Total net intangible assets experienced a gradual decline from 33.83% in March 2021 to 30.43% by September 2026. This reduction is primarily driven by a steady decrease in other intangible assets, which fell from 12.52% to 7.40% over the period, likely reflecting ongoing amortization. Goodwill also trended downward, moving from 25.17% in March 2021 to 20.65% in September 2026. These declines contrast with franchise rights, which remained relatively stable or slightly increased, ending at 23.03%.
Other Asset Categories
Film and television costs remained remarkably stable, fluctuating within a narrow range between 4.0% and 5.0%. Similarly, investments hovered around 3% of total assets for the majority of the period. Other noncurrent assets exhibited a slight increase, rising from 3.97% to 5.80%.

Overall, the financial data indicates a strategic shift in asset allocation, where the weight of the balance sheet has moved away from acquired intangibles and goodwill toward physical, tangible infrastructure.

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