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)

Microsoft Excel
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-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 composition of assets for the analyzed entity exhibits several noteworthy trends over the observed period from March 2021 to December 2025. A general shift in asset allocation is apparent, with fluctuations in current assets and a consistent dominance of noncurrent assets throughout the timeframe.

Liquidity and Current Assets
Current assets, as a percentage of total assets, decreased from 10.57% in March 2021 to a low of 8.48% in December 2022, before experiencing a moderate recovery to 10.85% by September 2023. This trend suggests a potential shift in working capital management or changes in the operational cycle. Within current assets, cash and cash equivalents demonstrated volatility, ranging from a high of 5.37% to a low of 1.85%, with a recent increase to 3.48% by December 2025. Receivables, net, consistently represented a significant portion of current assets, increasing from 3.94% to 5.09% before settling at 5.09% in December 2025. Other current assets also showed an increasing trend, particularly from June 2022 onwards, peaking at 2.30% in June 2025.
Long-Term Investments and Intangibles
Investments remained relatively stable, fluctuating between 3.01% and 3.51% of total assets for much of the period, with a slight decline to 2.92% by December 2025. A substantial portion of the entity’s assets is allocated to intangible assets, consistently representing around one-third of the total. Goodwill, the largest component of intangible assets, decreased from 25.17% in March 2021 to 22.56% in December 2025, indicating potential impairment or strategic divestitures. Franchise rights also experienced a gradual decline, moving from 21.32% to 21.77% before decreasing to 21.77% in December 2025. Other intangible assets followed a similar downward trajectory, decreasing from 12.52% to 8.24% over the period.
Fixed Assets
Property and equipment, net of accumulated depreciation, consistently accounted for a significant portion of total assets, increasing from 18.78% in March 2021 to 24.09% in September 2023, before decreasing slightly to 24.09% in December 2025. This suggests ongoing investment in fixed assets. Film and television costs remained relatively stable, fluctuating between approximately 4.35% and 5.01% of total assets.
Overall Asset Composition
Noncurrent assets consistently comprised the majority of the entity’s asset base, ranging from 89.43% to 91.52% throughout the period. The relative proportion of noncurrent assets increased slightly over time, indicating a long-term investment strategy. Other noncurrent assets, net, showed a gradual increase from 3.97% to 5.09% by December 2025, contributing to the overall growth in noncurrent assets.

In summary, the asset composition demonstrates a strategic focus on long-term investments and intangible assets, alongside a dynamic management of current assets. The observed trends suggest a potential shift in working capital management and a continued investment in property and equipment, while the decline in goodwill and other intangible assets warrants further investigation.